Explanatory Notes
BIMCO members have access to the supporting explanatory notes.
The Novation Agreement for the Substitution of Time Charterers is an agreement between the parties to novate the time charter party from the original charterers to the new charterers on terms set out in the agreement.
The latest edition of this contract is the Novation Agreement for the Substitution of Time Charterers, issued in 2016.
Copyright in the Novation Agreement for the Substitution of Time Charterers is held by BIMCO.