DOCSLIB.ORG

Shipbroking & Chartering.Indd

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Shipbroking & Chartering.Indd SHIPBROKING & CHARTERING FUNDAMENTALS The Essential Introduction to Shipbroking & Chartering Build your understanding of the components, the terminology & the dynamics of shipbroking & chartering, & confidently clarify many of the misconceptions that surround it 10 – 11 April 2018 • Perth | 8 – 9 August 2018 • Brisbane | 7 – 8 November 2018 • Melbourne Ambrose Rajadurai Our Expert Ambrose has had more than 40 years of cross disciplinary experience in the shipping industry based in Europe, Asia and Australia and has a Course good understanding of how theoretical aspects of chartering practice Instructor interact with operational outcomes, regulatory constraints, environmental considerations and quality vetting requirements on charterparty terms. Key Learning Objectives Understand shipbroking – the profession, its Comprehend CFR vs FOB sale terms origins, purpose and commercial relevance Analyse voyage estimating – how ship Explain shipping abbreviations – their owners determine freight rates origins, meaning and the risks that their usage can bring Identify laytime definitions Recognise alternative chartering strategies Gain a working knowledge of bills of lading Understand the charter party – its usage, Learn about arbitration and litigation purpose and legal influence on a charter agreement REGISTER NOW> www.informa.com.au/shipbrokingchartering SHIPBROKING & CHARTERING FUNDAMENTALS 10 – 11 April 2018 • Perth | 8 – 9 August 2018 • Brisbane | 7 – 8 November 2018 • Melbourne ABOUT THE COURSE OUR EXPERT COURSE INSTRUCTOR Shipbrokers are the key to a transaction between a ship Ambrose Rajadurai owner and the shippers of cargo. Ambrose has had more than 40 years of cross disciplinary experience in the The broker is involved in many stages of a deal: presenting shipping industry based in Europe, the business to potential clients, negotiating the main Asia and Australia and has a good terms of a contract, finalising the details of the contract understanding of how theoretical and following the deal through. Brokers provide clients with aspects of chartering practice interact market intelligence and advice. with operational outcomes, regulatory constraints, environmental considerations and quality Charterparties are one of the key contracts used by brokers in vetting requirements on charterparty terms. the shipping industry – an industry worth billions of dollars. They are complex and detailed contracts, and using them Ambrose has played an active part in industry associations. with clarity and confidence will provide definite commercial He was seconded by Shell to the initial task force advantage. responsible for developing the Oil Companies International Marine Forum, Ship Inspection Report Exchange (SIRE This course reviews the shipping industry in general from a Scheme) and played an active part in SIRE throughout chartering context, and touches on maritime law, insurance, his tenure with Shell and BHP. He has also been actively charter party negotiation, contract documentation and post involved in Intertanko (Association of Independent fixture operational administration. Tanker Owners based in Oslo & London) and Intercargo (Association of Independent Dry Bulk Carrier Owners based This course is designed to give all those working with in London). charterparties, including brokers, owners, charterers, operations department staff, lenders and insurers, a practical Ambrose regularly updates his knowledge and keeps and commercial grounding. informed of changes relevant to the industry. His qualifications include seagoing professional qualifications up to Master Mariner Class 1 awarded in 1980, an MBA, WHO WILL BENEFIT LLB (Hons), LLM (Maritime Law) and graduate diploma in Notarial Practice. • Trainee shipbrokers and operations department staff • Managers already in shipping and chartering to refresh on fundamentals WHAT OUR CLIENTS SAY “Very knowledgeable and experienced, able to give real life • Shipbrokers, owners, charterers, government bodies, lenders examples and not afraid to start explaining complexities of and insurers issue.” • Bulk commodity traders, purchasing officers for bulk PMO, OMC International commodities “Very informative and easy to follow for a first timer in Would You Like To Run This Course On-Site? regards to shipping industry. Picked up what I need to know for looking at contracts and dealing with charters. Ambrose was extremely knowledgeable and gave good use of actual Informa Corporate Learning: examples to back up the course structure.” On-site & Customised Training Senior Mining Engineer, BC Iron Ore If you have 8+ interested people, an onsite course can be an ideal “Most interesting part was discussions on real examples. solution. Speak with Holly Baldwin on +61 (02) 9080 4454 to discuss I’ve learned the fundamental structure of shipbroking. The your customised learning solution, or email instructor was very friendly, available and knowledgeable. [email protected] Knows profoundly the subject and is very experienced.” National Operations Manager, SGS Australia Book online Book over the phone Book via email www.informa.com.au/shipbrokingchartering +61 (02) 9080 4395 [email protected] SHIPBROKING & CHARTERING FUNDAMENTALS 10 – 11 April 2018 • Perth | 8 – 9 August 2018 • Brisbane | 7 – 8 November 2018 • Melbourne 2-Day Intensive Course Outline Given the broad nature of training content, • The various obligations of charterers and • What is laytime? this course will be tailored according to the owners • Arrival, NOR and commencement of needs and requirements of the participants • Contract documentation laytime/demurrage on the day to address specific challenges • Real life examples • Exceptions and interruptions to of those attending. demurrage Time charter • Typical issues and disputes in this area SHIPBROKING DEFINED • Explanation, jargon and main features and associated defences Shipbroking – the profession • Advantages and disadvantages (when • A detailed analysis of the service brokers and why appropriate) ACTIVITY: An example of how to calculate • Hire payment/off-hire – their meaning provide, including the advisory and des/dem, taking into account the CP, NOR and critical importance negotiating roles they are expected and SoF to perform in a modern shipping • Operational responsibilities, environment seaworthiness and maintenance • Financial responsibilities Bills of lading and letters of indemnity - Collating market intelligence • Explanation of their origins, intent and - Broker’s role in negotiating and fixing • Ports and performance • Real life examples relevance to modern shipping charterparties • Letters of indemnity – their legal standing • The differentiation between ‘owner’s’ Bareboat/demise charter and problems associated with their use and ‘charterer’s’ brokers and their • Explanation and commercial context • The interrelationship between the bill of relationships with each other • Advantages and disadvantages (where lading and the charter party and why appropriate) Shipping abbreviations – general and • Operational responsibilities of charterers Conflict, arbitration, litigation and geographic and owners resolution A comprehensive explanation of • A review of arbitration, courts and abbreviations surviving from the days THE CHARTER PARTY mediation in the shipping industry of cable and telex that can too easily be The charter party contract • A general commentary on the wisdom of misinterpreted by the unaware • Explanation of its construction and avoidance in favour of broker mediation relevance to individual trades and NEGOTIATION SKILLS • Common issues leading to disputes chartering strategies between cargo and ship, including The mechanics of a negotiation – a vital skill • The legal status (its ‘uses and abuses’) cargo claims, laytime disputes, • Orders • The inter-relationship between contracts, misinterpretation of charter party clauses, - Voyage including charterparties, sales contracts third party claims etc - Time charter and Bills of Lading • Understand how to pre-empt conflict • Offers • The market-reliant strengths and between the misalignment of terms in - Subjects weaknesses of the owner or charterer’s sales and freight agreements - Structure ability to alter terms • Counters • Real life examples • Examples CASE STUDY: A multifaceted case study of “CFR” Vs “FOB” Trading how a charter party was created and how ALTERNATIVE CHARTERING • Who holds the control and where? conflicts arose (and why) and how they STRATEGIES • Commercial advantages and were mitigated, and lessons learn Voyage charter disadvantages of both • Explanation and commercial context • Shipping advantages and disadvantages Discussion points throughout the course • Characteristics and various stages • Which industries use what tactics and why? Incorporated under the above headings will • Charterer’s/owner’s obligations and • The importance of transportation also be inter-active discussion on various issues, such as: documents to the contract for the sale of other topics of relevance to the course, - Vessel description and seaworthiness etc the cargo including - Freight, cargo, loading, discharging, • Negotiating skills taking delivery etc WORKSHOP: How to create and complete a • Inter-party relationships - Delays charter party – in a different color box • Vessel types and their suitability to - Real life examples individual trades Voyage estimating – a worked example • Issues relating to proper cargo handling, This session provides an explanation ACTIVITY: Completing a voyage estimate loading and stowage
Load more

Recommended publications
  • Chartering Terms by Kevin Stephens
    Chartering Terms By Kevin Stephens www.wwproject.net A B C D E F G H I J K L M N O P Q R S T U V W X Y Z ABBREVIATION MEANING AA Always Afloat AAAA Always Accessible Always Afloat AAOSA Always Afloat or Safe Aground. Condition for a vessel whilst in port AARA Amsterdam-Antwerp-Rotterdam Area ABAFT Toward the rear (stern) of the ship. Behind. ABOARD On or within the ship ABOVE DECK On the deck (not over it – see ALOFT) ABSORPTION Acceptance by the carrier of a portion of a joint rate or charge which is less than the amount which it would receive for the service in the absence of such joint rate or charge. ABT About ACCEPTANCE OF GOODS The process of receiving a consignment from a consignor, usually against the issue of a receipt. As from this moment and on this place the carrier’s responsibility for the consignment begins. ACKNOWLEDGEMENT OF RECEIPT A notification relating to the receipt of e.g. goods, messages and documents. Active Inventory covers raw material, work in progress, finished products that will be used or sold within a given period without extra cost or loss. This term does not cover the so-called reserve inventory. ACTUAL DEMAND Customers’ orders and often also the allocation of items, ingredients and/or raw materials to production or distribution. ACTUAL VOYAGE NUMBER A code for identification purposes of the voyage and vessel which actually transports the container/cargo. ADCOM Address Commission ADDED VALUE The value attributed to products, and services as the result of a particular process (e.g.
    [Show full text]
  • Frequently Overlooked Risk Management Issues in Contracts of Affreightment and Sale Contracts
    Frequently overlooked risk management issues in contracts of affreightment and sale contracts 2021 AMPLA Queensland Conference Chris Keane MinterEllison 18 June 2021 The focus of today’s presentation - risk associated with two contracts used to facilitate the export of Australian commodities: . the sale contract / offtake agreement / supply agreement (sale contract) . the contract of affreightment / voyage charterparty / bill of lading (sea carriage contract) Specific focus is on risk and risk mitigation options that are frequently overlooked (both at the time of contract formation and also when disputes arise) 2 Risk arising out of seemingly straightforward issues . Duration of the sale contract - overarching issue that impacts on many other considerations; legal and commercial considerations will overlap . Port(s) of loading and port(s) of discharge - relevant considerations include: access to certain berths; special arrangements regarding loading and unloading; port congestion and other factors likely to cause delay; and the desirability of not requiring a CIF buyer to nominate a specific port of unloading (e.g. “one safe port and one safe berth at any main port(s) in China…”) . Selection of vessel - risk will depend on which party to the sale contract is responsible for arranging the vessel; CIF sellers need to guard against the risk of selecting an unsuitable vessel; FOB sellers need to ensure they have a right to reject an unsuitable vessel nominated by the buyer 3 Risk arising out of seemingly straightforward issues . Selection of contractual carrier - needs to be considered as an issue separate from the selection of the vessel; what do you know (and not know) about the carrier?; note the difficulties the contractual carrier caused for both the seller and buyer in relation to the ‘Maryam’ at Port Kembla earlier this year; proper due diligence is critical; consider (among other things) compliance with anti-slavery, anti-bribery and sanctions laws and issues concerning care of seafarers, safety and environment .
    [Show full text]
  • Module Cuzl331 Commercial Law 1: Agency and Sales
    MODULE CUZL331 COMMERCIAL LAW 1: AGENCY AND SALES Maureen Banda-Mwanza LLB (UNZA), ACIArb ACKNOWLEDGEMENTS In the formulation of this module, tailored for the exclusive use of Cavendish University, the Author referred to various renown Commercial law books, quotations of which shall be minimized as much as is practicable. The good authors of the renowned works aforementioned are fully acknowledged for the relevance of their various pieces of work in the study of Commercial Law. CONTENTS PAGE TOPIC 1 TOPIC 1 AGENCY AT the end of this unit, students should be able to understand: 1. The requirements in forming an agency contract, formalities and capacity, 2. Authority of an agent 3. The duties of an agent 4. The Agent’s right against the Principal 5. The Principal’s relation with third parties 6. Various types of agency 7. How to terminate an Agency agreement Introduction Agency is one of the essential features of Commercial law. Commercial law is the law governing business contracts, bankruptcy, patents, trade-marks, designs, companies, partnership, export and import of merchandise, affreightment, insurance, banking, mercantile agency and usages. Agency can therefore be defined in the relationship which arises when one person (an agent) acts on behalf of another person (the principal) in a manner that the agent has power to affect the principal’s legal position with regard to a third-party. Common law explains the basic rule of an agency relationship in the Latin maxim “Qui facit per alium, facit per se” the literal English translation of which is he who acts by another acts by himself.
    [Show full text]
  • Chapter 17. Shipping Contributors: Alan Simcock (Lead Member)
    Chapter 17. Shipping Contributors: Alan Simcock (Lead member) and Osman Keh Kamara (Co-Lead member) 1. Introduction For at least the past 4,000 years, shipping has been fundamental to the development of civilization. On the sea or by inland waterways, it has provided the dominant way of moving large quantities of goods, and it continues to do so over long distances. From at least as early as 2000 BCE, the spice routes through the Indian Ocean and its adjacent seas provided not merely for the first long-distance trading, but also for the transport of ideas and beliefs. From 1000 BCE to the 13th century CE, the Polynesian voyages across the Pacific completed human settlement of the globe. From the 15th century, the development of trade routes across and between the Atlantic and Pacific Oceans transformed the world. The introduction of the steamship in the early 19th century produced an increase of several orders of magnitude in the amount of world trade, and started the process of globalization. The demands of the shipping trade generated modern business methods from insurance to international finance, led to advances in mechanical and civil engineering, and created new sciences to meet the needs of navigation. The last half-century has seen developments as significant as anything before in the history of shipping. Between 1970 and 2012, seaborne carriage of oil and gas nearly doubled (98 per cent), that of general cargo quadrupled (411 per cent), and that of grain and minerals nearly quintupled (495 per cent) (UNCTAD, 2013). Conventionally, around 90 per cent of international trade by volume is said to be carried by sea (IMO, 2012), but one study suggests that the true figure in 2006 was more likely around 75 per cent in terms of tons carried and 59 per cent by value (Mandryk, 2009).
    [Show full text]
  • Volume Contracts of Affreightment – Some Features and Principles
    Volume Contracts of Affreightment – Some Features and Principles Lars Gorton 1 Introduction ………………………………………………………………….…. 62 1.1 General Background ……………………………………………………… 62 1.2 Some Contractual Points …………..……………………………………... 62 1.3 Frame Agreements ………………………………………………………... 64 1.4 Some General Points Related to Distributorship Agreements and Volume Contracts ………………………………………. 66 1.5 Some Further Overriding Points ……………………………………….…. 67 2 Contract Forms ………………………………………………………………… 68 3 Law, Contract and Terminology ……………………………………………… 69 4 The SMC Rules on Volume Contracts ……………………………………..…. 70 5 Characteristics of COA’s ……………………………………………………… 71 6 The Generic Nature of the COA ………………………………………………. 72 7 Some of the Parameters of the COA ………………………...……………….. 76 7.1 The Ships Involved Under the Volume Contract ………………………… 76 7.2 Time Elements in Connection with COA’s ………………………………. 76 7.3 Cargo and Cargo Quantity and Planning of Voyages ………………….… 77 8 Breach and Consequences of Breach …………………………………………. 78 8.1 Generally, Best Efforts and Cooperation …………………………………. 78 8.2 Consequences of the Owners’s Breach …………………………………... 78 8.3 Consequences of the Charterer’s Breach …………………………………. 78 9 Some Comparisons with Distributorship Agreements in English Law ….…. 78 10 Some COA Cases Involving “Evenly spread” ……………………………….. 82 10.1 “Evenly spread” …………………………………………………………... 82 10.2 Mitigation of Damages …………………………………………………… 85 11 Freight, Demurrage and Similar ……………………………………………… 88 11.1 General Points ………..…………………………………………………... 88 11.2 Freight Level ……………………………………………………………..
    [Show full text]
  • Table of Clauses
    Table of Clauses Preamble VESSEL Clause 1. Vessel LAYDAYS DATE / CANCELLING DATE, etc. Clause 2. Laydays Date etc. Clause 3. Cancelling Date LOADING Clause 4. Advance Notices Clause 5. Notice of Readiness to Load and Counting of Laytime Clause 6. Cleanliness of Vessel Clause 7. Utilization of Holds and Hatches Clause 8. Loading Methods and Costs Clause 9. Rate of Loading Clause 10. Risk, Liability and Expense of Loading and Trimming DISCHARGING Clause 11. Advance Notices Clause 12. Notice of Readiness to Discharge and Counting of Laytime Clause 13. Rate of Discharging Clause 14. Discharging Methods and Costs Clause 15. Cleaning after Discharging LOADING and DISCHARGING Clause 16. Demurrage and Despatch Money Clause 17. Warping Clause 18. Vacating Berth Clause 19. Draft Survey Clause 20. Opening and Closing of Hatches Clause 21. Ballasting, etc. Clause 22. Handling of Equipment on Board Clause 23. Stevedore Damage Clause 24. Owners’ Liability for Damage GENERAL Clause 25. Freight Payment Clause 26. Dues, Taxes and Charges Clause 27. Bill of Lading Clause 28. Lien Clause 29. Liberty Clause 30. Oil Pollution Charter Party Clause (Non Tankers) Clause 31. BIMCO AMS Clause for Voyage Charter Parties Clause 32. Protective Clauses (a) BIMCO General Clause Paramount (b) Both-to-Blame Collision Clause (c) General Average and New Jason Clause (d) War Risks (VOYWAR 2004) Clause 33. Force Majeure Clause 34. BIMCO Strike Clause Clause 35. BIMCO General Ice Clause for Voyage Charter Parties Clause 36. Agency Clause 37. BIMCO ISPS/MTSA Clause for Voyage Charter Parties 2005 Clause 38. Brokerage Clause 39. BIMCO Dispute Resolution Clause Clause 40.
    [Show full text]
  • PERFORMANCE and CANCELLATION of CHARTERPARTIES SUSPENSION / WITHDRAWAL / TERMINATION Notices, Damages and Potential Pitfalls
    PERFORMANCE AND CANCELLATION OF CHARTERPARTIES SUSPENSION / WITHDRAWAL / TERMINATION Notices, damages and potential pitfalls A. INTRODUCTION The minds of owners and charterers alike are presently focused (as they should) on the Covid19 outbreak and how they can either utilise existing clauses or put together new clauses dealing with Covid19 in an attempt to refuse to perform or get out of a charter or prevent their contractual counterparty from doing so. Penningtons Manches Cooper has already issued a number of articles and circulars (as well as a contractual tool kit) in respect of the effect of Covid19, the business interruption aspects of it as well as the way forward. But what happens in circumstances where an existing contract is no longer desirable (or indeed financially viable) and one of the contractual counterparties wishes to no longer be bound it, either because of, for example, the state of the market or because the other party are not performing their end of the deal, whether as a result of Covid19 or otherwise? A number of other considerations will of course be relevant (amongst others, the parties’ commercial relationships, the state of the market, the ability to enforce against the non-performing party) but the purpose of this article is to act as a reminder of the various options available to an owner and charterer in the context of refusing to perform or getting out of a charterparty. The above will be considered against a background of seeking to resolve disputes before they even arise, with a view to limiting (to the extent feasible) the costs and delays incurred where the parties engage in arbitration/ litigation proceedings.
    [Show full text]
  • Case 3:19-Cv-01259-JR Document 88 Filed 01/06/21 Page 1 of 16
    Case 3:19-cv-01259-JR Document 88 Filed 01/06/21 Page 1 of 16 IN THE UNITED STATES DISTRICT COURT FOR THE DISTRICT OF OREGON SHELTER FOREST INTERNATIONAL Case No. 3:19-cv-01259-JR ACQUISITION, INC., an Oregon Corporation, OPINION AND ORDER Plaintiff, v. COSCO SHIPPING (USA) INC., a Delaware Corporation; COSCO SHIPPING LINES (NORTH AMERICA) INC., a Delaware Corporation; COSCO SHIPPING TERMINALS (USA) LLC, a Delaware LLC; RUDY ROGERS, an individual; COSCO SHIPPING LINES CO., LTD.; and JANE AND JOHN DOES NOS. 1-3, Defendants. _______________________________________ RUSSO, Magistrate Judge: Shelter Forest International Acquisition, Inc. (“SFI”) filed this action against defendants COSCO Shipping (USA) Inc., COSCO Shipping Lines (North America) Inc., COSCO Shipping Terminals (USA) LLC, Rudy Rogers, and COSCO Shipping Lines Co., Ltd. (“CSL”) alleging multiple contractually-based claims under state law.1 All parties have consented to allow a Magistrate Judge enter final orders and judgment in this case in accordance with Fed. R. Civ. P. 73 and 28 U.S.C. § 636(c). CSL now moves for summary judgement on its remaining counterclaim pursuant to Fed. R. Civ. P. 56. For the reasons stated below, CSL’s motion is granted in part and denied in part. 1 All parties except CSL were subsequently voluntarily dismissed. Page 1 – OPINION AND ORDER Case 3:19-cv-01259-JR Document 88 Filed 01/06/21 Page 2 of 16 BACKGROUND CSL is a shipping company based in China operating a fleet of oceangoing containerships that transport cargo internationally, including between China and the United States. SFI is an Oregon corporation that imports and distributes lumber, plywood, and other building materials.
    [Show full text]
  • Marine Charter Default Insurance
    Marine Practice CHARTER DEFAULT INSURANCE In response to shipowners’ increasing concerns about charterers’ solvency, Marsh has developed an industry-first product that protects owners from damaging financial losses. Backed by both insurers and a leading financial institution, Marsh’s Charter Default product provides a mix of fixed recovery guarantee and credit insurance, tailored to the shipowner’s particular requirements. Covering both outstanding debt at the time of an insolvency and the loss of future revenue for a set period, the product de-risks important revenue streams, thereby assisting owners to attract better terms fr om lenders by reducing counterparty credit risk. i • Charter Default Insurance PRODUCT OVERVIEW PROTECTING REVENUE AGAINST THE RISK OF FINANCIAL DEFAULT f Financial default is a recurring problem. Recent high profile cases of shipping companies filing for bankruptcy have again highlighted counterparty risk in the shipping sector f Companies with ships on charter are exposed to loss of revenue if their charterer folds or, at best, to enforced renegotiation of charter hire terms f The risk of default increases at times of global financial uncertainty f Fixed Recovery Guarantees and Credit Insurance protect against the risk of charterer default f For a listed company, de-risking the revenue stream can improve stock prospects f De-risking the revenue stream can also attract better terms from lenders Marsh • 1 CREDIT INSURANCE FIXED RECOVERY GUARANTEE Key FeaTuRes • an insurance policy designed to compensate an owner
    [Show full text]
  • 13-SHIPPING-GLOSSARY.Pdf
    GLOSSARY 2H SECOND HALF A/S ALONGSIDE A&CP ANCHORS AND CHAINS PROVED A/C AIRCRAFT CARRIER A/C ACCOUNT CURRENT A/D ALTERNATIVE DAYS A/M (ANTE MERIDIEM) BEFORE NOON A/O ACCOUNT OF A/S AFTER SIGHT A/S ALONGSIDE AA ALWAYS AFLOAT AA AFTER ARRIVAL AA ALWAYS ACCESSIBLE AA AVERAGE ADJUSTER AAA AGRICULTURAL ADJUSTMENT ACT AAAA ALWAYS AFLOAT, ALWAYS ACCESSIBLE AAOSA ALWAYS AFLOAT OR SAFE AGROUND AAR AGAINST ALL RISKS AARA ALWAYS ACCESSIBLE OR REACHABLE ON ARRIVAL AB ABLE SEAMAN AB ABLE BODIED SEAMAN AB AVERAGE BOND ABS AMERICAN BUREAU OF SHIPPING ABT ABOUT AC ALTERNATIVE CURRENT AC ACCOUNT AC ALTERNATING CURRENT ACC ACCOUNT ACC ACCEPTED ACK ACKNOWLEDGE ACV AIR CUSHION VEHICLE AD AFTER DATE AD AREA DIFFERENTIAL AD VAL (AD VALOREM) ACCORDING TO VALUE ADCOM ADDRESS COMMISSION ADF AUTOMATIC DIRECTION FINDER ADJ ADJUSTMEN ADV ADVANCEMENT OF SPECIAL SURVEY ADVT ADVERTISEMENT AF ANTI-FOULING AF ADVANCED FREIGHT AF ALSO FOR AFFF AQUEOUS FILM FORMING FOAM AFRA AVERAGE FREIGHT RATE ASSESSMENT AG ARABIAN GULF AGB ICE BREAKER AGC AMPHIBIOUS VESSEL AGT AGENT AGW ACTUAL GROSS WEIGHT AGW ALL GOING WELL AH AFTER HATCH AHD AHEAD AHL AUSTRALIAN HOLD LADDERS AHTS ANCHOR HANDLING TUD AND SUPPLY VESSEL AIS AUTOMATIC IDENTIFICATION SYSTEM ALERT AUTOMATIC LIFE-SAVING EMERGENCY RADIO TRANSMITTER ALRS ADMIRALTY LIST OF RADIO SIGNALS ALT ALTERNATING AM ABOVE MENTIONED AM AIR MAIL AMSL ABOVE MEAN SEA LEVEL AMT AMOUNT AMVER AUTOMATED MUTUAL ASSISTANCE VESSEL RESCUE SYSTEM AMWELSH AMERICANISED WELSH COAL CHARTER PARTY ANERA ASIA-NORTH AMERICA WESTBOUND RATE AGREEMENT ANOP
    [Show full text]
  • Documents of the Shipping Transport: Historical Origins, Legal Validity & Commercial Practice
    Journal of Shipping and Ocean Engineering 10 (2020) 47-56 Doi: 10.17265/2159-5879/2020.02.005 D DAVID PUBLISHING Documents of the Shipping Transport: Historical Origins, Legal Validity & Commercial Practice Ioannis Voudouris, and Evi Plomaritou Frederick University, Cyprus Abstract: The bill of lading and charterparty are vital for international trade and transport. To signify their enduring importance, this paper firstly seeks to illuminate the earliest historical evidence relating to the bill of lading and charterparty, and secondly, discuss their current legal and commercial nature and functions as well as their relationship with other transport documents such as the booking note, cargo manifest, mate’s receipt, and delivery order. In this context, the paper examines the lifecycle of transport as regards the documents used in the bulk and liner markets. Key words: Bill of lading, charterparty, sea waybill, booking note, delivery order, Mate’s receipt, Cargo manifest. 1. Introduction upon their shipment on board the ship (shipped bill of lading). The most important documents governing the commercial and legal relationships between the parties 2. Historical Origins of the Bill of Lading, in international sea transport are the bill of lading and Charterparty, Sea Waybill and Other the charterparty. Among other things, these Transport Documents documents define the obligations as well as the The (non-negotiable) sea waybill and the respective costs and earnings of the contracting parties, (negotiable) bill of lading are nowadays the primarily the shipowner or carrier and the charterer or best-known ocean transport documents that are still in shipper. In addition, other documents, such as booking use.
    [Show full text]
  • Sample Copy 12
    1. Shipbroker 2. Place and Date 3. Owners 4. Charterers 5. Vessel’s name/type 6. Cargo carrying capacity (about in mtons) / 7. Cubic capacity 8. Owners´ P&I Club 9. Built – Class – Flag – GT – NT (grain/bale) / 10. Present position 11. ETA Loadport Sample copy 12. Laytime not to commence before 13. Cancelling date 14. Sailing telex/telegram to sent to: when the vessel leaves her last port before loading 15. Loading Port(s) 16. Discharging Port(s) 17. Cargo description – Quantity in mtons 18. Freight rate 19. Freight payment (prepaid/payable on right and true per delivery) mton 20. Laytime for loading and discharging. Fill in a) and b) or for total laytime loading and discharging c) a) Laytime for loading non reversible b) Laytime for discharging non reversible c) Total laytime for loading and 21. Demurrage/despatch rate discharging reversible 22. Brokerage % of the amount of freight and deadfreight shall be paid by the Owners to: 23. Agents at loading port(s) 24. Agents at discharging port(s) Copyright © 2006 Yara. Recommended by BIMCO. All rights reserved. This BIMCO SmartCon document may not be copied, duplicated, reproduced or distributed without the permission of the copyright owners. Originally issued as HYDROCHARTER 1st of January 1923. Amended July 1997. Re-issued as YARACHARTER January 2006. 25. Special Provisions It is mutually agreed that this Contract shall be performed subject to the conditions contained in this Charter Party which shall include Part I as well as Part II. In the event of a conflict of conditions, the provisions of Part I shall prevail over those of Part II to the extent of such conflict.
    [Show full text]