Search results for: “charter party”
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Charter of the United Nations 3
Charter of the United Nations CHAPTER V THE SECURITY COUNCIL Article 23 1. The Security Council shall consist of fifteen Members of the United Nations. The Republic of China, France, the Union of Soviet Socialist Republics, the United Kingdom of Great Britain and Northern Ireland, and the United States of America shall be permanent…
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Naval Institute v. Charter Communications
United States Naval Institute v. Charter Communications and Berkley Publishing Group Tom Clancy’s first novel, ‘Hunt for Red October’. Could not get published by any major publisher. Small publisher (US Naval Institute) publishes hardcover, contracts with Charter Communications and Berkley to publish paperback. Probably affiliated corporations (one control the other or common ownership). • Contract…
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Paramount Clause
Paramount Clause in International Trade Meaning of Paramount Clause, according to the Dictionary of International Trade (Global Negotiator): The clause in a bill of lading or charter party invoking coverage by the Hague Rules or by the particular enactment if these rules in the country with […]
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Berth
A stipulation in a vessel charter party (read this and related legal terms for further details) that laytime ("http://lawin.org/list-of-international-trade-law-terms/">read this and related legal terms …
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Free Dispatch
A provision in a charter party that precludes payment of Despatch Money (read this and related legal terms for further details) for early release of a vessel….
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Weather Permitting
A condition in a vessel charter party that provides that time lost during loading or discharge because of weather conditions shall not count as Laytime (read this and related legal terms for further details)….
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Subject To License Being Granted
A provision in a vessel offer or charter party that makes the charter conditional upon governmental approval….
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Subject To License Being Granted
A provision in a vessel offer or charter party that makes the charter conditional upon governmental approval….
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Period And Trading Limits
A provision in a charter party that specifies limitations on the use of a chartered vessel, e.g., restrictions on the carriage of certain cargoes….
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Off-Hire Clause
Also known as the breakdown clause, a provision in a time charter party that charter hire shall cease from the breakdown or inability of the vessel to perform until the condition is remedied. A common breakdown clause provides that hire shall abate as the result of any detention of or loss of time d…
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Good Ship
The term good ship or good vessel in a charter party or other maritime contract is an expressed or implied assurance that the ship is seaworthy….
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Free Of Turn
A condition in a vessel charter party that laytime commences as soon as the ship arrives in port and notice of readiness has been given, irrespective of whether a berth is ready….
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Fixing Letter
A summary of the agreement between a vessel owner and charterer pending signing of the actual charter party. This document is usually prepared by a joint effort of the owners and charterer's brokers….
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Despatch Money
The sum paid by a vessel owner to the charterer as an incentive for completing loading or unloading operations in less than the time permitted under the charter party. When there is agreement that despatch money will be paid, the conditions and rates are stipulated in the charter agreement. See layt…