Explanatory Notes
LAYUPMAN Explanatory Notes 2
Part I
LAYUPMAN Explanatory Notes 3
Part II Terms and Conditions Part II of LAYUPMAN
Section 1 – Basis of the Agreement
Clause 1 (Definitions)
Clause 2 (Commencement and Appointment)
LAYUPMAN Explanatory Notes 4
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Special observations
PART II
Clause 1 (Definitions)
Clause 2 (Charter Period)
Clause 3 (Delivery)
Clause 4 (Time for Delivery)
Clause 5 (Cancelling)
Clause 6 (Trading Restrictions)
Clause 7 (Surveys on Delivery and Redelivery)
Clause 8 (Inspection)
Clause 9 (Inve...
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Background
Until the publication of the QEL and QEL (SHORTFORM), no such standard form was available in the market.
Although QELs may often be perceived as only benefiting the charterer, in most cases, they will be beneficial to the lenders as preserving the charterers’ uninterrupted use and enjoyme...
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Ship conversions are typically "one off" projects, which conceptually rest somewhere on a spectrum between repair and newbuilding. Smaller conversions are typically closer to repairs, whereas larger conversions are closer to newbuildings. CONVERSIONCON has been designed for larger conversions but re...
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Background
Until the publication of the QEL and QEL (SHORTFORM), no such standard form was available in the market.
Although QELs may often be perceived as only benefiting the charterer, in most cases, they will be beneficial to the lenders as preserving the charterers’ uninterrupted use and enjoyme...
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Introduction
Clause 2 (Condition of Vessel)
Clause 3 (Charterers’ Inspection)
Clause 5 (Presentation and Conditioning of Cargo Tanks at the Loading Port)
Clause 6 (Ownership of Heel)
Clause 7 (Voyage, Loading and Discharging Ports and Logs)
Clause 8 (Ship to Ship Tra...
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BIMCO’s widely-used standard barge bareboat charter party was first formulated and published in 1994. It is part of a suite of offshore and marine construction industry related standard documents produced by BIMCO, which includes SUPPLYTIME, TOWCON, TOWHIRE, HEAVYCON and PROJECTCON.
BARGEHIRE is des...
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Introduction
Laytime and demurrage are fundamental to tramp shipping. Specialist terms which have evolved over the years have been extensively analysed by legal commentators and frequently tested in the courts. This has resulted in subtle distinctions where a choice of term or use of language can ad...
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Part I
Part II
Clause 1 - Period of Charter Party and Delivery
Clause 2 - Owners’ Undertaking
Clause 3 - Trading Limits
Clause 4 - Cargo Restrictions and Exclusions
Clause 5 - Redelivery
Clause 6 - Owners’ Obligations
Clause 7 - Charterers’ Obligations
Clause 8 -...
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The following notes are intended to provide some of the thinking behind the provisions of GUARDCON.
Nature of the Contract
SECTION 1 – Basis of the Contract
1. Definitions
2. Commencement, Appointment and Duration
SECTION 2 – Security Services
3. Security Services
4. Engagement of...
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