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Laytime Definitions for Charter Parties 2013

20 September 2016

The Laytime Definitions for Charter Parties have been developed to provide practitioners with a set of meanings of commonly used words and phrases. The objective is to help reduce disputes about party intentions in a market where fixtures are often concluded on the basis of a recap message and listed amendments, without the exchange or return of draft contracts. These provisions have been developed for incorporation into charter parties. The latest edition of these definitions is the Laytime Definitions for Charter Parties 2013.

Novation Agreement for the Substitution of Time Charterers

17 October 2016

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.

Time chartering

18 January 2019

Time chartering is a complex business. The shipowners give the time charterers substantial control over the commercial operation of the vessel in exchange for the regular payment of hire. The aim of this course is to highlight the various problem areas and to consider ways in which parties attempt to allocate risk and so provide the participant with a balanced understanding of the relevant legal principles and practise.

GENTIME

20 September 2016

GENTIME is a standard time charter party developed for the dry cargo sector. The latest edition of this contract is GENTIME, issued in 1999. Copyright in GENTIME is held by BIMCO.

BPTIME3

20 September 2016

BPTIME3 is a tanker charter party that was developed by BP in association with BIMCO. Copyright in this document is held by BP. The latest edition of this contract is BPTIME, issued in 2001.

ROPAXTIME

17 October 2016

ROPAXTIME is a standard time charter party for the RoPax trade. It can be amended to be used for RoRo ships as well. The charter party contains the latest standard time charter clauses and includes detailed provisions covering trade specific issues such as hotel, restaurant and passenger related issues. The latest edition of this contract is ROPAXTIME, issued in 2015. Copyright in ROPAXTIME is held by BIMCO.