- Transparency and dialogue between owners and charterers key to crew change challenge
- Optional gas specific clauses to assist users of ASBAGASVOY
- New BIMCO Force Majeure Clause ready for review
- BIMCO to seek industry consultation in January for new ship sale agreement
- Learn more about BIMCO’s new sale and leaseback term sheet
- First ever standard contract for autonomous ship operation underway
Time charter advice
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Off-hire - some comments on the NYPE form
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Payment of hire - NYPE 46
Although the New York Produce Exchange Charter Party 1946 (hereinafter “Nype 46”) is probably the most widely used time charter party form still, it is not a very good form in this day and age. It dates back to 1946 and readers will agree that quite a few things have changed since then! However, it would be naive simply to ignore it.
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International Group issues new charter party clause promoting the use of the Inter-Club Agreement
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Without guarantee
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Whether off-hire periods may be added to period of hire
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War clauses to be avoided
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Voluntary contributions
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Time of delivery / redelivery
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Trading limits
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Time charter trip "about ... days without guarantee"
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