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Explanatory notes

The following notes provide a background to the thinking behind many of the provisions of the charter party and are provided as guiding notes to users: Part I Part II Clause 1 (Warranty) Clause 2 (Voyage) Clause 3 (Delay in giving Loading/Discharging Orders) Clause 4 (Presentation... Please follow the link to continue reading.

Explanatory notes

GENCOA is designed using the well-known BIMCO box layout pattern with the form consisting of two main parts: a box layout in Part I and the main terms and conditions in Part II. Part l     Part II Preamble Clause 1 - Subject of Contract Clause 2 - Total Quantity/ Number of Shipments ... Please follow the link to continue reading.

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Explanatory notes

Introduction Clause 1 (Novation) Clause 2 (Guarantees) Clause 3 (Representation and Warranties) Clause 4 (Supervision) Clause 5 (Costs and Expenses) Clause 6 (Third Party Rights) Clause 7 (Notices) Clause 8 (Dispute Resolution Clause)   Introduction Novation ... Please follow the link to continue reading.

Explanatory notes

The following notes explain the scope of the key provisions and clarify how the document is intended to operate. They also provide users with guidance as to the nature and extent of changes made to the WRECKSTAGE 2010 form. If you have any questions about WRECKSTAGE 2024 please contact us at contra... Please follow the link to continue reading.

Explanatory notes

Special observations Part I Part II Clause 1 - Definitions Clause 2 - Duration of the Agreement Clause 3 - Condition of Equipment on Delivery Clause 4 - Condition of Equipment on Redelivery  Clause 5 - Delivery and Redelivery Procedures  Clause 6 - Payment of rent and other ... Please follow the link to continue reading.

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Explanatory notes

Introduction  Clause 1 (Novation) Clause 2 (Amendments to the Time Charter Party) Clause 3 (Charter Hire) Clause 4 (Warranties) Clause 5 (Effective Time Survey) Clause 6 (Mutual Renewal of Guarantees) Clause 7 (Assurances... Please follow the link to continue reading.

Explanatory notes

Introduction Clause 1 (Novation) Clause 2 (Charter Hire) Clause 3 (Warranties) Clause 4 (Bunkers) Clause 5 (Original Charterers’ Equipment on the Vessel) Clause 6 (Effective Time Survey) Clause 7 (Mutual Renewal of Guaran... Please follow the link to continue reading.