Hire payment in time charters: a condition or not – a legal perspective

chartering

Chartering is an important concept of the global maritime trade sector and it consists of different types. One of the forms of carrying out a maritime business is a time charter.

Under a time charter, the owners undertake to place their ship at the disposal of the charterers for a defined period of time for the carriage of goods in accordance with the charterer’s instruction, while the ship remains in both the ownership and possession of the owners, and the officers and crew who man her will be the employees of the owners, not the charterers.

In this article we are going to look at some particulars of time charters and, in particular, New York Produce Exchange Form 1993 (NYPE 1993) recommended by BIMCO and FONASBA.

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IMO slams “No crew change clauses” in charter parties dictated by charterers

IMO Secretary-General Kitack Lim has spoken out against “no crew change” clauses in charterparties, pointing out that such clauses exacerbate the dire situation of stranded seafarers and undermine the efforts undertaken to resolve the ongoing crew change crisis.

So-called “no crew change” clauses, which are demanded by certain charterers, state that no crew changes can occur whilst the charterer’s cargo is onboard – hence not allowing the ship to deviate to ports where crew changes could take place. 

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Difference between a shipbroker and ship charterer

shipbroker and ship charterer - shipping and freight resource

In one of my previous articles, I had posted about what happens in a day in the life of a Shipbroker.. Then came some questions from readers about what is the difference between a shipbroker and a ship charterer..

In this article, I discuss the Difference between a shipbroker and ship charterer and the role that both of them play in global trade..

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