Charter Agreement Definition
A bunker clause provides that the charterer accepts and pays all fuel in the ship`s bunkers in the port of delivery, and vice versa (owner) to pay for all the fuel-oil in the ship`s bunkers in the port of the current price in the respective ports. It is customary to agree a minimum and maximum amount in the bunkers when handing over the ship. Since the OW Bunker test case, ship operators have been required to ensure that the conditions of supply in the hold are adequate. 11.4 There are no claims against the broker in respect of a warranty or otherwise arising from or in connection with the chartering of the aircraft, unless that guarantee, guarantee or compensation is expressly included or contained in this Agreement. The charterer`s liability insurance coverage coverage may vary depending on the type of charter and the additional inclusions or exclusions agreed before the purchase of the insurance. Chartering is an activity within the marine industry in which a shipowner leases the use of his vessel to a charterer. The contract between the parties is referred to as the «charter party» (the «charter party» or the French «sharing document»). The three main types of charters are: chartering, travel chartering, and on-time chartering. There are three main types of charter parties: time, travel and sinking and another: 3.3 Ground personnel, including cabin crew, are allowed to receive only airline orders, unless the airline has previously obtained an explicit written agreement, as certain defined instructions may be accepted by this staff by the charterer. In some cases, a charterer may own cargo and use a boat broker to find a ship to deliver the load at a certain price, called freight rate. Freight rates can be expressed on a specific link (for example. B for iron ore between Brazil and China), in world points (for oil tankers) or, alternatively, on a total amount, normally in U.S.
dollars, per day for the agreed duration of the charter. Time Charter Equivalent is a standard performance index of the marine industry, which is mainly used to compare period-to-period changes in the performance of a shipping company despite changes in the mix of charter types. While a party to the charter is the contract between a shipowner and a charterer, a transport contract is concluded between the shipper and the carrier. A carrier issues a shipper a bill of lading, a receipt of freight shipped, which also serves as proof of the transport contract. (In a charter charter, the charterer is the carrier; in a temporary or travel charter, the shipowner is the carrier). On cash chartering, which is less used in the usual business practice, the owner delivers it to the charterer for the agreed period, without crew, business, insurance or other provisions. Contracts can also be entered into as a lump sum when an owner agrees to ship a certain amount of a reported shipment from one port to another for a reported amount of money. The charter part is a contract for transporting goods in the case of the use of a tramp. This means that the charter party will clearly and unequivocally set out the rights and obligations of the shipowner and the charterer and will resolve any subsequent disputes between them in court or in an agreed forum by referring to the agreed terms, as defined in the charter part. The name «Charter party» is an anglicization of the French charter part, that is, a doubly written document, so that each party retains half.  Charter is the document that is reviewed and interpreted by a court in the event of a dispute, but in practice most disputes are subject to arbitration. Among the most important clauses in each part of the charter are those that set the number of days allowed for loading or unloading and those that determine who should bear the associated costs.