Redelivery Clause for Time Charter Parties 2017

BIMCO Redelivery Clause for Time Charter Parties 2017

(a) Itinerary for the Final Voyage and Redelivery Notices – The Charterers shall keep the Owners informed of the Vessel’s itinerary and any changes thereto and in any event when requested by the Owners. In addition, the Charterers shall give the Owners the following notices of the Vessel’s redelivery, unless otherwise agreed:

Minimum 30 followed by 20, 15, 10, 7, 5 and 3 days’ approximate notice and 2 days’ definite notice of redelivery.

All notices shall be consistent with the above agreed spread of notices except for circumstances beyond the Charterers’ control. Except for the first notice, the absence of one single approximate notice of redelivery shall not be considered as breach of this clause if the next notice given is within the agreed spread.

Once the first redelivery notice has been given the Charterers shall not give any employment orders that are inconsistent with that notice.

Together with the thirty (30) days’ notice the Charterers shall, where there is more than one permissible range/area, nominate the definite redelivery range/area.

Together with the fifteen (15) days’ notice the Charterers shall nominate the definite redelivery port. After giving the five (5) days’ notice the Charterers shall not be entitled to redeliver the Vessel more than twenty-four (24) hours earlier than the expected date of redelivery given in such notice without the Owners’ written consent.

The Charterers shall be entitled to qualify redelivery notices, save for the definite notice, with “weather permitting” and/or “unforeseen circumstances always excepted”; and all other qualifications shall be null and void.

(b) Late Redelivery – If the last voyage exceeds the period agreed and declared under this Charter Party, the Charterers shall pay hire at the prevailing market rate, if higher than the charter rate, for such overrun period. In addition, if the Charterers provide orders that the Vessel cannot reasonably be expected to complete within the charter period, or fail to comply with their duty to give revised orders, the Charterers shall be liable for all losses caused by such overrun, provided the losses were foreseeable or declared likely to occur as at the date the order was given or latest at the time when performance fell due.

(c) Early Redelivery – The Owners shall not be obliged to accept redelivery of the Vessel before:

(i) the expiry of the definite notice of redelivery; or

(ii) the minimum Charter Party period.

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