GENCON 94 CHARTER PARTY PDF
GENCON is a standard voyage charter party. It is a general purpose agreement for the services of a ship in exchange for freight and can be used in a variety of. Gencon, Charter Party, Chartering agreement. and particularly known also as “ Gencon ”. Gencon, first issued in and revised in and The GENCON (General Charter Conditions) charter party is the most common Due to this same reason, Owners usually prefer to go with the Gencon 94 form.
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Under Time Charter contracts these risks are generally recognised, however, under Voyage Charter contracts these risks are many times still underestimated. Dry cargo vessels Tankers Gas carriers Ferries Offshore vessels.
The Risk of GENCON
Unfortunately, sometimes problems do occur and in that case you need quick solutions chater someone who understands you. Built in in China. Dry cargoes Gas cargoes Liquid cargoes. Cargo insurance Charterers Liability Hull insurance. Clause 12 of Gencon 76 limits the indemnity for non performance of the charter party up to the amount of estimated freight.
The main Gencon forms which may create a dispute
The most frequent claims are damage to hull and cargo claims, however, third party liability like personal injury or worse and pollution are also real risks; exposures, which can run into millions of dollars.
The vessel is loaded and discharged in named ports and the Master signed the Bill of Lading. The costs for defending a case like this alone can run into hundreds of thousands of dollars, if not exceeding a million.
This is gencn of the most important changes in Gencon The following have contributed to such turn: With our experience in the shipping industry, on board ships, in ship operation or in commodity trade, you benefit from our hands-on and pro-active mentality and approach.
Like what you’re reading? These claims can run as bad as the total loss of the vessel. This article is written by Lucien Lesuis. Serious things can go wrong but fortunately the frequency of serious claims is low. Exclusively focused on Charterers Liability insurance Why Charterama? Dry cargoes 40 Gas cargoes 1 Liquid cargoes 6.
Deck crane, towing hook.
P 10 0 E charterama charterama. Especially the first clause gencno more than just an exposure for stevedore damage; this can make the charterer liable for improper stowage of the cargo.
Whilst some completely new clauses have been incorporated into the Gencon 94, only one clause of Gencon 76 has been deleted, i.
Dry cargoes Liquid cargoes Gases.
And yes, this can be a patry problem: Voyage charters Dry cargoes 34 Liquid cargoes 4 Gases 2. It is a general purpose agreement for the services of a ship in exchange for freight and can be used in a variety of trades. Another clause which is extended in Gencon 94 is the lien clause which now includes also the praty on sub-freights to cover the cases the vessel is sub-chartererd.
Since the Gencon 94 is a revision of Gencon 76, in order to see their differences one needs to focus on the amendments incorporated with the revision.
Chater, with offices in Rotterdam and Hong Kong, is a specialist underwriter focused exclusively on Charterers Liability insurance and Defence FDD and related business. In most Charter Parties the vessel is directed to 1 gsbaaaa 1 sp … ; 1 good safe berth always accessible always afloat 1 safe port ….
TBN Self-propelled split hopper barge built in Romania. Therefore, without any specific clause in place, if demurrage was not paid after proper notices had been given, owners ran the risk of not being able to recover their money. Multipurpose auxiliary offshore vessel built in in China.
Subscribe to our blog articles Analytics, inspiration and fresh ideas for ship chartering community. Another problem which owners usually face is the delayed chadter or the nonpayment of demurrage claims.
Under English law the timely payment of demurrage is not always considered as an essential part of the charter party.