BIMCO

14/10/2014 Cap. Alt. MSc. Omar A. Varela 1

 WE ARE GOING TO DELIVER A VERY GOOD ASSESSMENT
ABOUT BIMCO DONE BY MY STUDENTS IN CMI COURSE AT
POSTGRADEAND RESEACH SCHOOL FROM THE CARIBBEAN
MARITIME UNIVERSITY IN CARACAS-VENEZUELA

COURSE SUBJECT NAME:

VESSELS CONTRACT II

14/10/2014 Cap. Alt. MSc. Omar A. Varela 2

 UNIVERSIDAD NACIONAL EXPERIMENTAL
MARÍTIMA DEL CARIBE
DIRECCIÓN DE INVESTIGACIÓN Y POSTGRADO
ESPECIALIZACIÓN EN COMERCIO MARÍTIMO INTERNACIONAL
CÁTEDRA: TRANSPORTE MARÍTIMO

The Baltic and International Maritime Council

Integrantes:
Profesor: Cap/Alt. Briceño Jofran
MSc. Omar Flores Adrián
Antonio Varela López Maite
Ochoa Belén
BIMCO
 Provides its services to the
following actors

Shipowners Armadores

Operators Operadores

Charterers Fletadores

Brokers Corredores
 Contract (Bareboat Charter or Demise Ch/P)

Contract (Time Ch/P)

Model
Contracts

Contract (Voyage Ch/P or Consecutive Ch/P)

 AN. MARÍA NORIEGA QUIVERA

PROF.. BSc. Cap/Alt . MSc. OMAR VARELA

UNIVERSIDAD MARÍTIMA DEL CARIBE (UMC)
DIRECCIÓN DE POSTGRADO E INVESTIGACIÓN
ESPECIALIDAD EN COMERCIO MARÍTIMO INTERNACIONAL
MENCIÓN: NEGOCIO MARÍTIMO
CÁTEDRA: CONTRATO DE UTILIZACIÓN DE LA NAVE II
It is a shipping association providing a wide range of services to its
global membership of stakeholders who have interests in the
shipping industry, including shipowners, operators, managers,
brokers and agents; it controls around 65 percent of the world’s
tonnage and it has members in more than 120 countries, including
managers, brokers and agents.
 OBJECTIVE

The association’s main

objective is to facilitate
the commercial
operations of its
membership by means
of developing standard
contracts and clauses,
and providing quality
information, advice,
and education.
 It is a strong It is accredited as It is actively
Promotes fair advocate for the a Non- promoting the
business harmonisation Governmental application of
practices, free and Organisation international
trade and open standardisation (NGO) with all regulatory
access to markets of all shipping relevant United agreement
activities. Nations. instruments.

IMPORTANCE
 BIMCO contains a single
comprehensive source of
information and guidance on
chartering related matters and
provide copies of all BIMCO
standard contracts and clauses.
• GENCON 94 is the most popular and widely used general purpose voyage charter
party in the industry and is for all kinds of trades and for numerous types of cargoes.

• BARECON 2001 is the successor to BARECON 89 which established itself as the

industry’s standard bareboat charter form, enjoying widespread use throughout the
world.

• SUPPLYTIME 2005 is part of a suite of offshore industry related forms produced

by BIMCO. The other forms in the suite include HEAVYCON, PROJECTCON,
BARGEHIRE, TOWCON and TOWHIRE.

• SALEFORM 2012 is the latest edition of the highly successful Memorandum of

Agreement for the Sale and Purchase of Ships, issued by BIMCO and the
Norwegian Shipbrokers Association.
• BOXCHANGE is part of a suite of container industry related forms produced by
BIMCO. The other forms in the suite include BOXTIME (The BIMCO Standard
Time Charter Party for Container Vessels) and BOXLEASE (The BIMCO Standard
Container Leasing Agreement).

• GENTIME is designed primarily as a conventional dry cargo time charter but it can
also easily be adapted for the transportation of containers.

• SHIPMAN 2009 is the latest edition of BIMCO's highly successful and widely used
standard ship management agreement.

• GUARDCON has been developed by BIMCO to assist the industry, and in

particular shipowners and their P&I Clubs, by providing a clearly worded and
comprehensive standard contract on which they can conclude agreements for
security services.
• BILLS OF LADING- The CONGENBILL 2007 was approved by
BIMCO’s Documentary Committee at its meeting in Copenhagen on 16
November 2007.

• OTHER: BTIME3 (Time Charter Parties), GENWAYBILL (Waybills

and Cargo Receipts), WRECKFIXED 2010 (Salvage), FONASBA
(Standard Liner and General Agency Agreement), etc.
 • CHARTERING
EVERY YEAR, HUNDREDS OF MILLIONS OF TONS OF CARGOES ARE MOVED OVER THE
OPEN SEAS ROUTES. RAW MATERIAL SUCH AS: OILS, IRON ORE, GRAINS, FERTILIZERS,
COALS, SUGAR, SCRAP, COPRA, MEAL, CATTLE ON FOOD, STEEEL SCRAP, etc; ARE USUALLY
SEND BY BULK CARRIERS AND IN LOTS LARGE ENOUGH TO FILL SHIPS OR VESSELS WITH A
SINGLE COMMODITY FROM PRODUCING STATES OR REGIONS TO CONSUMING AREAS. AS
WELL, FINISHED PRODUCTS LIKE STEEL, AUTOMOBILES, HEAVY MACHINERY AND
REFRIGERATED CARGOES ARE TRANSPORTED IN CONSIGMENTS LARGE ENOUGH TO LOAD
SHIPS TO FULL CAPACITY. ANYHOW, THE CONTRACT FOR CARRYING THE GOODS IS
KNOWN BY THE GENERIC WORD OF “CHARTER PARTY”, A TERM DERIVED FROM THE
LATIN CHARTA PARTITA, WHICH LITERALY MEANS “LETTER DIVIDED”. IN THE EARLIEST
DAYS THE DOCUMENT WAS CUT IN TWO PARTS IN ORDER THAT EACH PARTY COULD
REMAIN OR RETAIN A SEGMENT BECAUSE BOTH WERE EXACTLY THE SAME. THE CHARTER
PARTY IS A MARITIME CONTRACT BETWEEN CHARTERER AND SHIPOWNER, OBTAINING
THE USE OF A VESSEL OR SHIP FOR ONE OR MORE VOYAGES, OR FOR A SPECIFIED PERIOD
OF TIME. UNDER THIS CONDITION GENERALLY THE VESSEL OR SHIPS USED ARE
TECHNICALLY PRIVATE CARRIERS. FURTHERMORE, THREE KINDS OF CHARTERS ARE
AVAILABLE, INCLUDING CoA PER LARGE QUANTITIES OF VOLUM AND VERY LONG
PERIODS OF TIME, ALWAYS TAKING INTO CONSIDERATION THE SHIP OR VESSEL
SEAWORTHINESS.

14/10/2014 Cap. Alt. MSc. Omar A. Varela 17

 VOYAGE or CONSECUTIVE VOYAGE Ch/P

14/10/2014
VC, VOYAGE CHARTER
Cap. Alt. MSc. Omar A. Varela 18
 VOYAGE Ch/P

• OWNER = SHIPOWNER or VESSELOWNER

• CHARTERER = PERSON WHO MANAGES HIS

CARGOES or SOMEBODY ELSE CARGOES AND PAY
TO VESSEL OWNER THE FREIGHT TO TRANSPORT
IT FROM A to B or ANY OTHER PLACE

14/10/2014 Cap. Alt. MSc. Omar A. Varela 19

 DIFFERENT MODELS OF VOYAGE CHARTER
AFFREIGHTMENT
BIMCO ( BALTIC INTERNATIONAL MARITIMA COMERTIAL ORGANITATION ) BIMCO HAS APPROVED
MORE THAN 130 CHARTER PARTIES MODELS.
NYPE, ASBA, NIPPON,
GENCON 1994, GASVOY, FETIVOY, GRAINVOY

BALTIMORE FORM C, COAL CP, NUVOY,

CENTROCON, STBVOY, BILCOILVOY

AMERICANIZED WELSH COAL CHARTER 93

SHIPPING WELSH COAL CHARTER

ASBATANKVOY( ANTICUADA ), ASBA II

14/10/2014 Cap. Alt. MSc. Omar A. Varela 20
EXXONVOY, MOBILVOY, TEXACOVOY, BPVOY 3
 VOYAGE AFFREIGHTMENT EXPENSES BETWEEN TWO MAIN
PARTIES
SHIPOWNER or VESSELOWNER CHARTERER
BUNKERS
FREIGHT
PORTS DUES
HOLDS CLEANING
STOWAGE MATTERIAL
BALLAST
COMMISSIONS
SALARIES
PROVITIONS
REPAIRS & MAINTENANCE
SPARE PARTS
LUBRIL-OILS
WATERS
INSURAMCE and P & I CLUB
CANAL PASS THROUGH
14/10/2014 Cap. Alt. MSc. Omar A. Varela 21
 AFFREIGHTMENT
IMPORTANT CLAUSES
LAYTIME ( TIME OF OPERATIONS).
• DAYS, 3 days
• HOURS, 72 hours
• TONELADAS Day, 3.500 tonneages per day (T/D)
• TONELADAS HOURS, 145 tonnages per hour (T/H)
• M3 (cbm) Per day or Per hour CBM/DAY or (CBM//H)
• LAYTIME STARTING
 VESSEL ARRIVAL
 VESSEL ARRIVAL into laydays
 N.O.R BY RADIO NOTIFICATION
 FREE PLATCA
 WIFPON, whether in free practique or no
 WICCON, whether in customs cleared or no
 WIBON, whether in berth or no
14/10/2014
 WIPON, whether
Cap. Alt. MSc. Omar A. Varela
in port or no 22
 AFFREIGHTMENT CONTRACT PER VOYAGE IMPORTANT
CLAUSES
• LAYTIME INTERRUPTED
 SHEXC / SHINC
 STRIKE or GENERAL STRIKE / WAR
 WEATHER (W.W.D)

• LAYTIME END:
 HOLDS CLOSED
 STOWAGE,LASH,SECURE,DUNNAGE ENDED
 HOSE UNCONNECTIONS
 DECK´S VESSEL DELIVERY TO SHIP´S MATE
LAYTIME
 AT LOADING PORT
 AT UNLOADING PORT
LOADING & UNLOADING PORT
14/10/2014
REVERSIBLECap.
y Alt.
NO REVERSIBLE
MSc. Omar A. Varela 23
 AFFREIGHTMENT CONTRACT PER VOYAGE
IMPORTANT CLAUSES
E.T.A ( ESTIMATED TIME ARRIVAL )
ETA is given to next arriving port of destination
 ETA is sent 4 or 5 days before arriving to destination port
 ETA is started 96 hours before arriving to destination port
(96 – 72 – 48 y 24 horas ( 12 hrs.) before arrival
Example: ETA 96 hrs. M/N IRENE arriving to la Guaira port,
Venezuela 29/10/2005 at about 18:55 hrs. local or GMT

N.O.R ( NOTICE OF READINESS ) It is ready,being the 1st thing to

do just sending it by redio and after that, it should be signed by Master
Arrival to the place agreed
Arrival into lay days
 Free of platica
 The Vessel or Ship must be ready for every operation concerned
14/10/2014 Cap. Alt. MSc. Omar A. Varela 24
 AFFREIGHTMENT CONTRACT PER TIME
IMPORTANT CLAUSES
LAYDAYS ( Loading or unloading window )
Initial Day / Cancelling day). LAY/CAN = LAYCAN
DAYS (3 / 5 / 7 / 10 / 15 Days)
• VESSEL ARIVING BEFORE INICIAL DAY.
 Vessel must wait until the initial day
 To assure when it is going to start the initial day
 Charterer must negotiate the entrance before time
• Vessels ariving into the Laydays.
It is a sin equa non situation already agreed.
• Vessels ariving after Cancelling Day
 Charterer could cancel the contract
 Shipowner/Charterer could have an agrrement subject to
quay sistem
 Determine when the Cancelling Day is ending
 Determine how long it takes before informing the Laycan 25
Cap.. Varela
 LAYDAYS = LAY/CAN

INITIAL CANCELLING
DAY DAY

5 7

07/10/05 utill 10:oo hours

E.T.A 05/10/05 a las 00:oo hours

14/10/2014 Cap. Alt. MSc. Omar A. Varela 26

 CONTRACTUAL VESSEL TERMS

LAYDAYS
=LAYCAN
INITIAL CANCELLING

5 7

E.T.A NOR LAYTIME

INTERR. DEMOURRAGE
14/10/2014 Cap. Alt. MSc. Omar A. Varela 27
 CONTRACTUAL VESSEL TERMS
INITIAL
NOR
Vessel arriving before Initial Day.
Vessel must wait till Initial Day
Determine when initial day stars
Charterer can negotiat entrance
14/10/2014
before time.
LAYDAYS
=LAYCAN
CANCELLING
5 7
NOR + X HORAS
Vessel arriving after Cancelling Day
Charterer may cancel the Contract
Shipowner/Charterer can agree about
Quay sitems. Determinae when the
Cancelling Day is ending
Determine how long it takes to inform
Cap. Alt. MSc. Omar A. Varela 28
about the l Laycan
 CONTRACTUAL VESSEL TERMS

Laydays: 05-07/10/05
DEMOURRAGE
5 7

NOR 06/17:32 HRS

STARTING LT ENDING LT

BAD WHETHER
LAYTIME STRIKES
INTERRUPTIONS GENERAL AVERAGE
CARGOES SCARCITY
Laytime: 4 DAYS DOCUMENTATION
14/10/2014 Cap. Alt. MSc. Omar A. Varela 29
 AFFREIGHTMENT CONTRACT PER VOYAGE
IMPORTANT CLAUSES
FREIGHT , USD, $/TM, $/CBM, MOLOO & MOLCHOP
CONDITION, etc.
…Without discout
 5 days before arrival / Leaving ….
 At the end of Loading
 Before starting loading cargoes (Pre pay)
 Payment procedure
DEADFREIGHT
It is paid in US $ per tonnage unloaded.
DEMURRAGE RATE.
 To stablish in M$PD or M$PDPR.
 It is not going tobe payed by discout Freight
 The Chartere must pay to Shpowner
DESPATCH (It is a payment to be done by the Shipowner to the
Charterer) It represents a bonus for Loading or Unloading the Vessel
Cap. Alt. MSc REQU REQUIEREDIERED.
in14/10/2014
less time agreed Despatch =Omar½A.Demurrage
Varela (USDPDPR) 30
oav2

14/10/2014 Cap. Alt. MSc. Omar A. Varela 31

Diapositiva 31

oav2 Vessel Tanker taken from the Book Ship Knowledge by Klass Van Dokkun, 3rd edition, printed in Netherland 2006
omar antonio varela, 30-08-2011
 AFFREIGHTMENT BY MEANS OF A
TIME CH/P

14/10/2014
TC, TIME CHARTER
Cap. Alt. MSc. Omar A. Varela 32
 AFFREIGHTMENT PER TIME
• THE SHIPOWNER IS ENGAGED TO DELIVER A
SERVICE REGARDING TREANSPORTATION OF
GOODS DURING A PERIOD OF TIME ALRREADY
AGREED
• THE VESSELOWNER, or SHIPOWNER
ENGAGEMENT IS ALSO TO DELIVER THE VESSEL
or SHIP ON DATE & POSITION AGREED
• SHIPOWNER or VESSELOWNER KEEPS THE
NÁUTICAL MANAGEMENT OF THE MEANS OF
PRODUCTION
• THE CHARTERER, ASUMES THE COMMERCIAL
MANAGEMENT OF THE VESSEL & PAYS THE
FREIGT
14/10/2014
ASAP OR INCap.ADVANCED
Alt. MSc. Omar A. Varela 33
 DEFINITIONS
T/Ch : IT IS A CONTRACT BETWEEN A SHIPOWNER AND A
CHARTERER WHERE THE SHIPOWNER HIRE HIS SHIP
UNDER CONTRACT SPECIFIED ON A CHARTER PARTY PER
TIME WITH A DATE AND POSITION AGREED JUST WITH
THE MAIN PURPOSE THAT THE CHARTERER USES THE
HOLD SPACES CAPACITY OF THE SHIP, TAKING UNDER HIS
RESPONSABILITY THE COMMERTIAL COSTS BUT
MAINTENANCE AND REPAIRS COSTS OF THE SHIP ARE
VESSEL´S OWNER RESPONSABILITY ON THE OTHER HAND,
CHARTERER MUST PAY THE VESSEL´S FREIGHT, BEING IT
ON ADVANCE, IN TWO WEEKS OR MONTHLY. BESIDES, THE
VESSEL IS HIRED WITH ITS MASTER, CREW AND ALL
SECURITY SAILING ELEMENTS BUT BUNKER WHICH IS AT
CHARGE OF THE SHIPOWNER.

14/10/2014 Cap. Alt. MSc. Omar A. Varela 34

 DIFFERENT MODELS REGARDING
AFFREIGHTMENT PER TIME
NYPE 93 ( NEW YORK PRODUCE EXCHANGE )

BALTIME 1939, INTERTANKTIME 80,

LINERTIME, STB TIME

SHELLTIME 3, 4 Y 5 , TEXACOTIME 2

EXXONTIME, BPTIME,

BOXTIME, FERTIME,

SUPPLYTIME 89,

14/10/2014 BIMCHEMTIME,
Cap. Alt. MSc. Omar A. Varela 35
 AFFREIGHTMENT PER TIME
EXPENSES SHARES

CHARTERER SHIPOWNER or
VESSELOWNER
FREIGHT WAGES or SALARIES
BUNKERS**(NEGOTIATED) PROVITION
PORTS DUES MAINTENANCE
HOLD CLEANING REPAIRS
STOWAGE MATTERIALS SPARE PARTS
BALLAST LUBRI OIL
COMISSIONS *WATER
CANAL PASS THROUGH INSURANCE
*WATER P & I CLUB
SURVEYS
*WATER DOMESTIC USED & NO COMMERCIALo
Cap. Alt. MSc. Omar A. Varela 36
 BARE BOAT or DEMISE Ch/P
AFREIGHTMENT

BBC, BAREBOAT CHARTER or

DEMISE Ch/P
14/10/2014 . Alt. MSc. Omar A. Varela 37
 AFFREIGHTMENT ON DEMISE or BARE BOAT
CHARTER PARTY
 SHIPOWNER ALLOWS THE CHARTERER THE COPMPLETE USES
OF ALL HOLD EMPTY SPACES FROM THE SHIP or VESSEL
 SHIPOWNER HIRES THE VESSEL WITHOUT CREW, BUNKERS,
LUBRIL OIL , NEITHER SPARE PARTS FOR A PERIOD OF TIME
 THE CHARTERER ASSUMES THE COMMERCIAL AND
NÁUTICAL MANAGEMENT OF THE VESSEL
 GENERALY THE SHIPOWNER DETERMINE A HIRE LONG
PERIOD OF TIME FOR A VESSEL OR FLEET TO A CHARTERER
WHO HIRES A VESSEL ON BAREBOAT OR DEMISE CHARTER
PARTY WITH OR WITHOUT PURCHASING OPTION?
 BANKS / OPERATORS / CHARTERERS & SHIPOWNERS

14/10/2014 Cap. Alt. MSc. Omar A. Varela 38

 DEFINITIONS
• BARE BOAT OR DEMISE CH/P : IT IS A CONTRACT OR CHARTER PARTY
WHERE THE SHIPOWNER HIRES THE VESSEL TO A CHARTERER FOR A
PRICE DURING A PERIOD OF TIME, AND THE CHARTERER HAS GOT
THE DUTY TO BE RESPONSABLE FOR THE OPERATIONAL COMMERCE
MANAGEMENT & NAUTICAL OPERATION OF THE VESSEL

• THE SHIPOWNER HIRES THE VESSEL WITHOUT MASTER, CREW,,

BUNKERS, OIL, AND CHARTERER IS IN CHARGE OF REPAIERS,
MAINTENANCE AND SURVEYS SERVICES.

• ALSO, ON THIS KIND OF CONTRACT, THE CHARTERER GETS THE HIRE

OF THE VESSEL WITH OR WITHOUT PURCHASING OPTION, BECOMING
HIMSELF IN A MARITIME OPERATOR WHICH IS GOING TO BE
SHIPOWNER AT THE NEAREST FUTURE TAKING INTO CONSIDERATION
DETAILS EXPLAINED OR WRITTEN ON THE DEMISE or BARE BOAT
CHARTER PARTY, AT MANY CASES TAIKING AS A GARANTEE A
MARITIME OR NAVAL MORTGAGE THROUGH AN INTRNATIONAL
BANK.
• (1 + 2/ 3+4/ 5 YEARS) or ( 2 + 1/ 2 +2 / 3 + 3 YEARS)
14/10/2014 Cap. Alt. MSc. Omar A. Varela 39
 AFFREEIGHTMENT ON DEMISE or BARE
BOAT CHARTER PARTIES TYPES

BARECON 89, BARECON 2000

PART I, CHARACTERÍSTICS
PART II, STANDARD BAREBOAT CHARTER
PART III, NEWBUILDING & 2ND HAND VESSEL
PART IV, HIRE/PURCHASING AGREEMENT
PART V, VESSELS REGISTERED

14/10/2014 Cap. Alt. MSc. Omar A. Varela 40

 AFFREIGHTMENT ON DEMISE or BARE BOAT
SHARE EXPENSES
CHARTERER SHIPOWNER
 FREIGHT •INSURANCE
BUNKERS  HUL AND MACHINERY*
 HOLD CLEANING  P&I*
 STOWAGE MATTERIAL  CLC*
 BALLAST
 COMISSIONS •DRY DOCK:
 SALARIES* AND WAGES *HULL SAND MAINTENANCE
 PROVITIONS *MAYOR MAINTENANCE
 MAINTENANCE
Daily. •*CHIEF ENGINER
Weeklyl.
Monthly. •* MASTER
 REPAIRS
 SPARE PARTS * Negotiated
 OILS
 WATER
Cap. Alt. MSc. Omar A. Varela 41
14/10/2014
 CoA

CoA, CONTRACT OF AFFREIGHTMENT

14/10/2014
(VOLUM or SERVICES)
Cap. Alt. MSc. Omar A. Varela 42
 CoA AFFREIGHTMENT
SHIPOWNER AGREES TO GIVE A SERVICE WITH HIS FLEEET.

CHARTERER REQUIERES THAT HIS VOLUME OF CARGOES

SHOULD BE TRANSPORTED IN A PERIOD OF TIME
(maximun orminimun)

THE CHARTERER STABLISHS ONE NUMBER OF VOYAGES

ON A TIME WHICH IS GENERALLY THE SAME WIIH THE
SAME VOLUME AND THE SAME TYPE OF VESSEL

SHIPOWNER HAS GOT THE COMMERCIAL AND NAUTICAL

MANAGEMENT OF THE VESSEL

CHARTERER´S DUTY IS TO DELIVER THE CARGO AGREED

AND HE MUST PAY THE FREIGHT

14/10/2014 Cap. Alt. MSc. Omar A. Varela 43

 AFFREIGHTMENT CoA TIPS
CHARTERER REQUIERES TRANSPORT SERVICES ON A
CONTINUOUS BASES

CHARTERER´S VOLUME IS NOT ALWAYS THE SAME, IT

DEPENDS ON THE MARKET DEMAND

THE SHIPOWNER DELIVERS A LIST WITH ALL THE

FLEEET´S CHARACTERISTICS UNDER HIS COMMAND

THE CHARTERER LOOKS FOR A TONNAGE GARANTEE

DURING THE AFFREIGHTMENT PERIOD

THE CHARTERER COULD REDUCE ITS LEAVING TO THE

MARKET DURING ITS AFFREIGHTMENT FOR VOYAGE

14/10/2014 Cap. Alt. MSc. Omar A. Varela 44

 AFFREIGHTMENT CoA TIPS
THE CHARTERER MUST SEND ON TIME CARGOES
NOMINATIONS JUST TO ASSURE IT

SERVICES REQUIREMENT MUT BE DONE BETWEEN 15 TO 20

DAYS BEFORE, AS IT WAS AGREED

CHARTERERS HAVE TO CHOOSE VESSELOWNERS or

SHIPOWNERS CONSIDERING THEIRS GREATER FLEET,
STABLESHING EXACTLY HOW LONG IT TAKES FOR EACH
VOYAGE

BUNKER COSTS MUST BE CONSIDERED & ADDITIONALS

SPECIALS EXPENSES TOO.

14/10/2014 Cap. Alt. MSc. Omar A. Varela 45

 DEFINITIONS

• BY MEANS OF A FLEET UNDER THIS AFFREIGHTMENT

CONTRACT (CoA), ALWAYS A BIG VOLUME IS MOVILIZED
THROUGH A NUMBER OF SHIPMENTS ON A CERTAIN
PERIODS OF TIME WITH THE PAYMENT OF A FREIGHT
ALREADY FIXED BETWEEN THE TWO PARTIES CONCERNED

• THE SHIPOWNER or VESSELOWNER SHOULD KEEP THE

NAUTICAL & COMMERCIAL SERVICE MANAGEMENT OF THE
VESSEL AND ON EACH CARGOES´ DELIVERY MADE BY THE
VESSELOWNER or SHIPOWNER, A BILL OF LADY (B/L) MUST BE
DELIVERED AT THE END OF EACH VESSEL´S TRIP

14/10/2014 Cap. Alt. MSc. Omar A. Varela 46

 KIND OF DIFFERENTS CONTRACT
AFRREIGHTMENTS´ CoA

INTERTANKCOA

GENCOA

VOLCOA

COA + SHELLVOY +SPECIALS CLAUSES

14/10/2014 Cap. Alt. MSc. Omar A. Varela 47

 AFFREIGHTMENT CoA-COST SHARES BETWEEN TWO MAIN
PARTIES (SHIPOWNER OR VESSELOWNER & CHARTERER)
SHIPOWNER CHARTERER
BUNKERS FREIGHT
POT DUES
HOLDS CLEANING
STOWAGE MATTERIALS
BALLAST
COMISSONS
SALARIES
GROSERIES
MAINTENANCE
REPAIRS
SPARE PARTS
OIL & WATER
INSURANCE AND p & I CLUB
CANAL DUES PASSES THROUGH
14/10/2014 Cap. Alt. MSc. Omar A. Varela 48