types of charther

The forum is dedicated to all who deals with LCs. Please share your experiences, problems and opinions with us. You are requested to be confined to LC related issues only. Let us together discover the beauty of Letter of Credit. Thank and regards – admin; besttradesolution.com
Post Reply
User avatar
berry
Posts: 329
Joined: Fri Nov 07, 2008 11:36 pm

types of charther

Post by berry » Tue Dec 09, 2008 12:45 am

dear all,

is it right to say that charther can be voyage charter, time charter and bareboat charther?
how far is it correct to relate the term shipper with charter shipment?

regards

berry

User avatar
picant
Posts: 2026
Joined: Wed Aug 20, 2008 1:49 pm

Re: types of charther

Post by picant » Tue Dec 09, 2008 4:18 am

Hi pal,

add slot hire too. Time, Voyage and bareboat refer to a full boat, slot hire refers to allotments/spaces booked by a chartere and then sold to a shipper or a forwarder to be used for a real transport. When a full boat has been chartered, the transport document will be a Bill of lading "to be used with Charter Party " BIMCO or Gencobill. When relating to Slot Hire, a House Bill of Lading will be necessary, issued by the chartere as carrier, without mentioning "freight as per Charter Party, but only "freight as agreed". In this case the bill of lading could be considere acceptable as per UCP 600 art 20.

Other comments appreciated.

Ciao

dholat
Posts: 69
Joined: Sun Oct 05, 2008 10:01 pm

Re: types of charther

Post by dholat » Tue Dec 09, 2008 10:56 am

dear picant,

im total confused. a charter party BL should be always be a charter party even thats a slot charter. if it is signed as carrier then dont you think that the basics of article 22 is violated?

iLC
Posts: 504
Joined: Thu Jun 26, 2008 10:33 pm

sub charter is a complex issue

Post by iLC » Tue Dec 09, 2008 6:34 pm

so far i understand, sub charter or slot charter is a very complex issue. sub charter happens when the prime charter sublet some of the unused space to other. the relation between the sub charter and prime charter is important and also there relation with the shipowner.

i think a sub charter is also a charter and therefore the prime charter will play only the role similar to owner, not carrier. there will be a charter party between these two. the sub-charter can later become a shipper and sign the charter party bl as a charter. or can also assume the carrier's responsibility and issue bill of laing to other small shipper. in no way he should be issuing house bill of lading. does any one agree with my theory ? :?

User avatar
picant
Posts: 2026
Joined: Wed Aug 20, 2008 1:49 pm

some notes

Post by picant » Tue Dec 09, 2008 7:30 pm

Hi Pals,

In a Slot cross/hire charter agreement is written:
-Each party shall retain its separate identity and market its own service with its own independent marketing organization.
The carrier shall issue non negotiable Master Bill(S) of lading for the slot charterer's container loaded on each of the carrier's vessel as necessary, and it is agreed that the master bill(S) of lading shall be deemed to have been issued and received wheter or not it has in fact been issued.
Each party, in turn, shall use and issue its own bill of lading. .......

IMHO, but I am not a specialist, if a master Bill of lading has been issued for the whole Cargo, singular House Bil of lading will be issued and delivered to Charterer' s customers.
Any comments, specially from Transport's people appreciated
Ciao

jmitra
Posts: 247
Joined: Tue Sep 02, 2008 10:16 pm
First Name: jasmit
Last Name: mitra
Organization: bank
Filter: Two Plus Two =: 4
Location: India

it depends on the contract

Post by jmitra » Fri Dec 12, 2008 9:11 pm

the outcomes largely depends on the contract between the head charter and the sub charter. by the way, does anyone know whether this sub chartering use the standard charter party like nype or gencon?

User avatar
berry
Posts: 329
Joined: Fri Nov 07, 2008 11:36 pm

is it legal

Post by berry » Fri Dec 12, 2008 9:34 pm

thank you all for your comments. i am having another question. how far is this slot charter legal? does the owner allow such action usually?

regards

berry

iLC
Posts: 504
Joined: Thu Jun 26, 2008 10:33 pm

slot charter is fully legal

Post by iLC » Tue Dec 16, 2008 7:53 pm

space or slot charter is fully legal. most of the standard charter party has a clause devoted to slot charter. since the charter party is between the owner and the charterer of the vessel, i see no reason for objecting slot charter by the owner.

Post Reply