Novation Agreement for the Transfer of Ownership

Overview

The Novation Agreement for the Transfer of Ownership is an agreement between the parties to novate the time charter party from the original owners to the new owners on terms set out in the agreement. The latest edition of this contract is the Novation Agreement for the Transfer of Ownership, issued in 2016.

Copyright in the Novation Agreement for the Transfer of Ownership is held by BIMCO.

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Novation Agreements webinar

Anna Wollin (BIMCO), Chris Kidd (Ince and Co) and Donald Chard (Arbitrator and BIMCO consultant) provide an overview of the Standard Novation Agreements.

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