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Time Charter

Structure of a Negotiation leading to a fixture recapitulation.

State the status of the business by indicating if it is just an idea or an indication or if it is a firm business
Account: Charterers name. Background. Full contact details. Manager in charge
Type of vessel requested:
Delivery area/place
Redelivery area/ place
Period or nature of the trip
Trading area and exclusions
Dates (laycan)
Permitted cargo/exclusions
Hire/ ballast bonus. Charterers’ ideas if any.
Any special requirement/restriction/clause?
Commission structure
Charter party form
Subjects

When recapitulating full and complete, ADD following terms – where appropriate

Owners name and contact details
Vessel. Full description. Present position.
Type of vessel requested: Particulars, Restrictions, Cargoes
Rate of hire/ ballast bonus if any.
Payment
Speed and bunker consumption
Re-delivery clause
Bunkers on delivery and redelivery /prices
Bunker quality provision
Dry docking
Taxes? Account?
Overall maintenance
War risk insurance/blocking
Last Voyage clause
Law and arbitration
Additional clauses

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