TANKER TIME CHARTER PARTY Shipping Forum

Tanker Time Charter Party Shipping Forum-Free PDF

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Table of Contents,a Firm Period 6,b Optional Period s 6. c Off Hire Extensions 6,2 Vessel Particulars 6,a Vessel Description 6. b Vessel Drawings 7,a Payment of Hire 7,1 Hire Rate for Firm Period 7. 2 Hire Rate for Optional Period s 7,3 Hire Rate for Off Hire Extensions 8. b Deductions 8,c Final Voyage 8,1 Use of the Vessel 8.
2 Hire payment 8,d Loss of Vessel 9,e Reduction in Hire 9. f Default 9,g Extra Expenses and Advances 9,h Hourly Rate of Hire 10. 4 Owner s Warranties 10,a Vessel Condition 10,b Vessel Management and Operation 10. c Evaporator 10,d Stability and Structural Integrity 10. e Cargo Heating 10,f Cargo Manifolds 11,g Communications 11.
h Crew Complement 11,i Drug and Alcohol Policy 11,j Compliance 12. k Charterer s Representatives 12,l Quality Assurance 13. 5 Delivery 13,a Place of Delivery 13,b Laydays 13,c Fuel at Delivery 14. d Space Available to Charterer 14,6 Trading Limits 14. a Trading Range 14,b Berths and Lightering 14,c Vessel Speed Orders 15.
d Controlled Passages 15,7 Dry Cargoes 15,8 Speed Fuel and Pumping Warranties 16. a Speed Performance Warranty 16, Page 2 of 54 Initials for Owner Initials for Charterer. M T Insert Vessel Name Time Charter dated Insert date of agreement. b Fuel Consumption Warranty 16,1 Propulsion and Auxiliary Fuel 16. 2 Heating and Tank Cleaning Fuel 17,3 Fuel Consumption in Port 17. c Pumping Performance Warranty 17,9 Performance Reviews 17.
a Performance Review Frequency and Compensation 17. 1 Speed Warranty Compensation 18,2 Fuel Performance Warranty Compensation 18. 3 Pumping Performance Warranty Compensation 18,4 Performance Review Basis 18. 5 Performance Claims Review 18,6 Claim for Final Period 19. b Performance Review Calculations 19,1 Speed Warranty Calculations 19. a Speed Warranty Adjustments 19,b Speed Warranty Calculation Method 20.
2 Fuel Warranty Calculations 20,a Average Speed 20. b Days at Sea 20,c Warranted Consumption 20,d Allowed Consumption 21. e Amount Due Owner or Charterer 21,3 Pumping Warranty Calculations 21. a Warranty Pumping Time 21,b Crude Oil Washing COW Allowance 21. c Charter Party Pumping Hours 22,d Actual Pumping Hours 22.
e Hours Lost 22,f Compensation Due Charterer 22,g Waiver of Compensation Due Charterer 22. 10 Liens 22,11 Off Hire 22,a General Provisions 22. b Cumulative Off Hire 23,c Detention of the Vessel 23. d Owner s Due Diligence 24,e Trading While Off Hire 24. f Reservation 24,12 Drydocking and Repairs 24,a General Provisions 24.
b Adjustment of Hire 24,c Accumulation of Off Hire Time 25. d Drydocking Area 25,e Notices 25,13 Owner Provides 25. a Owner s Responsibility 25,b Wages Provisions and Stores 25. c Lubricants 25,14 Officers Duties 26,a Master s Duties 26. Page 3 of 54 Initials for Owner Initials for Charterer. M T Insert Vessel Name Time Charter dated Insert date of agreement. c Conduct 26,15 Fuel Port Charges Etc 26,a Fuel Port Charges Dues and Fees 26.
b Tugs and Pilots 26,c Charterer s Responsibility 27. d Charterer s Tugs or Pilots 27,e Exception 27,16 Additional Equipment 27. 17 Lay Up 27,18 Requisition of Vessel 28,a Requisition of Title 28. b Other Requisition 28,19 Redelivery 28,a Redelivery Conditions 28. b Fuel At Redelivery 28,c Early Redelivery 28,20 Bills of Lading 29.
a Signatures 29,b Carriage of Cargo 29,1 Clause Paramount 29. 2 Jason Clause 29,3 General Average 30,4 Both to Blame 30. 5 Limitation of Liability 30,6 Deviation Clause 31. c Bill of Lading Indemnity 31,d Form of Indemnity 31. e Indemnity Terms and Conditions 32,1 Nature of Indemnity 32.
2 Funds for Defense 32,3 Arrest or Detention 32,4 Termination of Indemnity 32. 5 Governing Law 32,f Arbitration of Bill of Lading Claims 33. 21 War Risks 33,a Contraband 33,b War Zones 33,c War Risk Insurance 33. d Additional Costs 34,e Hostile Areas 34,22 Exceptions 34. a Loss Damage Delay 34,b Number of Grades 35,c Limitation of Exceptions 35.
23 Salvage 35,24 ITOPF 35,25 Clean Seas 35, Page 4 of 54 Initials for Owner Initials for Charterer. M T Insert Vessel Name Time Charter dated Insert date of agreement. a Retention of Residues 35,b Tank Washings 36,c Disposition of Residues 36. d Additional Pollution Prevention Measures 36,26 Cargo Measurement 37. a Loading Requirements 37,b Letter of Protest 37,c Discharging Requirements 37. d Inspection 37,27 Insurance Costs and Liability Levels 37.
a Insurance Required 37,b Liability Coverage 38,c Surcharge Costs 38. d Increased Costs 38,e Negotiation of Increased Costs 39. f Notice to Charterer 39,g Lapse of Coverage s 39,28 Change of Ownership 39. 29 Arbitration 39,30 Assignment and Sublet 40,31 Business Policy 40. 32 Interpretation and Law 40,Appendix A Warranted Description of the Vessel 42.
Appendix B Institute Warranties 54, Page 5 of 54 Initials for Owner Initials for Charterer. M T Insert Vessel Name Time Charter dated Insert date of agreement. IT IS THIS DAY MUTUALLY AGREED between Insert full style name of the owner or. chartered owner as owner Owner of the M T Insert the name of the vessel using all. italics as more fully described and warranted herein Vessel and Insert the full style. name of the charterer as charterer Charterer that Owner lets and Charterer hires. the use and services of the Vessel for the carriage of Insert cargo description in bulk. and such other lawful merchandise as may be suitable for a vessel of her description for. the term and on the terms and conditions hereinafter set forth in this time charter party. 2 a Firm Period, 3 The term of the Charter shall be for a period of about Insert the term of firm. 4 period Firm Period plus any extensions thereof as provided in Clause 1b. 5 and Clause 1c The Firm Period shall commence at the time when the Vessel is. 6 placed at Charterer s disposal as provided in Clause 5 The word about as. 7 used in Clause 1a shall mean up to forty five 45 days more or less at. 8 Charterer s option and shall apply to the term of the Charter consisting of the. 9 Firm Period plus any optional periods or extensions as provided in Clause 1b. 10 and or Clause 1c The term of the Charter as stipulated in Clause 1a shall. 11 hereinafter be referred to as Charter Term,12 b Optional Period s. 13 Charterer shall have the option of extending the term of the Charter for additional. 14 period s Optional Period s by written notice to Owner as follows. 15 Insert the description of the optional period s if any For example. 16 One 1 year to be declared not less than six 6 months prior to the expiration of. 17 the Firm Period, 18 If there are no optional periods state There are no optional periods under the. 19 Charter,20 c Off Hire Extensions, 21 The term of the Charter may also be extended by Charterer for periods of all or.
22 any part of the time the Vessel is off hire during the Firm Period and or Optional. 23 Period s Off Hire Extension s by giving written notice to Owner at least. 24 thirty 30 days before the expiration of the Firm Period or the Optional Period as. 25 the case may be If Charterer so elects and gives a further written notice to. 26 Owner at least fifteen 15 days before the expiration of any such Off Hire. 27 Extension all or any part of the time the Vessel is off hire following the previous. 28 notice shall be added to the term of the Charter The term off hire as used in. 29 Clause 1c and elsewhere in the Charter shall include any period s as specified. 30 in Clause 11 as well as any other period s for which cesser or suspension of. 31 hire is otherwise provided for in the Charter or which are stipulated in the Charter. 32 to be for Vessel s or Owner s time and or account. 33 2 Vessel Particulars,34 a Vessel Description, 35 Owner warrants that as of the date and time of Vessel delivery hereunder and. 36 during the Charter Term the Vessel and its equipment will have the particulars. Page 6 of 54 Initials for Owner Initials for Charterer. M T Insert Vessel Name Time Charter dated Insert date of agreement. 37 capabilities and capacities as shown in Appendix A hereto Appendix A. 38 Appendix A being deemed incorporated and made an integral part of the Charter. 39 Should there be any conflict between the particulars capabilities and capacities. 40 shown in Appendix A and any other provision within a Clause of the Charter the. 41 particulars capabilities and capacities as specified in the Clause of the Charter. 42 shall prevail to the extent of the conflict,43 b Vessel Drawings. 44 Owner shall provide Charterer with two copies of the following plans for the. 45 Vessel prior to delivery or as soon thereafter as practicable. 46 1 General Arrangement Plan,47 2 Capacity Plan,48 3 Midships Plan. 49 4 Piping Arrangement in Pumproom including profile and plan views. 50 5 Manufacturer s Cargo Pump Performance Curves, 51 6 Results of Sea Trials if the Vessel is a Newbuilding. 52 7 Cargo System Diagram,53 8 Mooring Plan arrangement and details.
55 a Payment of Hire, 56 Charterer shall pay hire for the use of the Vessel in United States dollars per day. 57 or pro rata for part of a day Payments shall be made monthly by the tenth 10th. 58 day of the month to,59 Insert the full style payment instructions. 60 Payments shall be made by electronic funds transfer without discount or. 61 adjustment except as specified in Clause 3 or elsewhere in the Charter. 62 commencing with the date and hour UTC the Vessel is placed at Charterer s. 63 disposal as specified in Clause 5 and continuing to the date and hour UTC the. 64 Vessel is redelivered to Owner at the expiration or any termination of the Charter. 65 except as may otherwise be provided in the Charter Any hire paid in advance. 66 and not earned shall be returned to Charterer at once by Owner and or by any. 67 party to whom Owner may have permissively assigned the hire hereunder. 68 Owner in any event shall be jointly and separately responsible along with any. 69 such assignee for such return of hire In no event will initial payment of hire be. 70 made until the Vessel is placed at Charterer s disposal as provided in the Charter. 71 Charterer shall not be responsible for any delay or error by Owner s bank in. 72 crediting Owner s account with hire provided Charterer has made proper. 73 payment of hire within the time permitted under Clause 3 including without. 74 limitation the grace period specified in Clause 3f. 75 1 Hire Rate for Firm Period,76 Insert the appropriate rate s of hire. 77 2 Hire Rate for Optional Period s, 78 Insert the appropriate hire rate s for the optional period s if any. Page 7 of 54 Initials for Owner Initials for Charterer. M T Insert Vessel Name Time Charter dated Insert date of agreement. 79 3 Hire Rate for Off Hire Extensions, 80 The daily rate of hire for any extended period due to off hire in accordance.
81 with Clause 1c shall be the rate that was in effect at the time of the off hire. 82 b Deductions, 83 Charterer shall be entitled to deduct from hire payments any. 84 1 disbursements for Owner s account including commissions thereon. 85 2 lay up savings calculated in accordance with Clause 17. 86 3 previous overpayments of hire including the value of past off hire. 87 4 amounts representing expenses incurred by Charterer relating to off hire. 88 periods Related Off Hire Expense, 89 5 amounts representing the value of off hire periods and Related Off Hire. 90 Expense anticipated to occur during the month or other period for which a. 91 payment of hire to be is made it being understood and agreed that Charterer. 92 shall not be required to make a monthly advance or other payment of hire if. 93 Vessel is on the due date for payment off hire,94 6 any sums due pursuant to Clause 3e. 95 7 claims pursuant to Clause 9 and, 96 8 other sums to which Charterer is entitled under the Charter. 97 Charterer shall have the right of deduction under subparagraphs 1 through 8. 98 above even where right of deduction is disputed provided Charterer s claim of. 99 deduction is made in good faith Any required adjustment for hire deduction shall. 100 be made after all facts are established Any difference between the amount s. 101 withheld and the amount s due shall be refunded or credited as the case may. 102 be in hire installment s due after any adjustment is determined. 103 c Final Voyage,104 1 Use of the Vessel, 105 Notwithstanding Clause 1a should the Vessel be on a final ballast laden.
106 voyage or on a ship to ship transfer Final Voyage at the expiry of the. 107 Charter Term as calculated in accordance with Clauses 1a 1b and 1c. 108 Charterer shall have the continued use of the Vessel under the same Charter. 109 terms and rate of hire then prevailing for such length of time as is necessary. 110 to complete the voyage or ship to ship transfer as the case may be and to. 111 thereafter effect redelivery of the Vessel to Owner at the place of redelivery. 112 under the Charter Any such period of continued use shall be deemed to be. 113 part of the Charter Term,114 2 Hire payment, 115 Should a payment of hire become due when the Vesse. the term and on the terms and conditions hereinafter set forth in this time charter party Charter 1 1 Term 2 a Firm Period 3 The term of the Charter shall be for a period of about Insert the term of firm 4 period Firm Period plus any extensions thereof as provided in Clause 1b 5 and Clause 1c The Firm Period shall commence at the

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