CONDITION AND DESCRIPTION OF THE VESSEL (T)

DURATION OF THE CHARTER, DELIVERY AND REDELIVERY (T)

COVID-19 IMPACTS ON EXISTING CHARTER CONTRACTS

Force majeure / contract frustration
Charterers’ rights, owners’ rights
Particular issues with Time/Voyage charters
- Vessel off-hire, quarantine
- Delayed free pratique, WIFPON
- Ship sanitation certificate (SSC)
SIRE/CDI Inspection cancellation & liability
Compliance with time bar provision
Quarantine provision
General Exceptions/Force Majeure Provisions Comparison
Laytime and demurrage provision
Covid-19 Vetting Inspection Clauses

TANKER FREIGHT RATES UPDATES

FLOATING STORAGE – PRACTICAL CONSIDERATIONS

Contractual issues with voyage and time charter parties
- “Waiting for charterers’ order” & demurrage
Precautionary measures and P&I coverage
- Vessel surveys
- Cargo quantities, loading/discharging
- Cargo degradation, loss
Storage clauses
- Intertanko, BIMCO clauses
- Hull fouling
- Bunkering
- Charterers’ indemnity for loss, damage and delays
- Bill of lading
- Contract for carriage

CASE STUDY SESSION 3:
CASE STUDY ON CONDITION OF THE VESSEL UNDER TIME CHARTER

Agenda

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