Master the World of Shipping and Charter Parties

10 Questions

What are charter parties?

Legal agreements between a shipowner and a charterer

What are the two main types of charter parties?

Voyage charter and time charter

Which type of charter party is used for a single voyage or a series of voyages?

Voyage charter

Which type of charter party is used for a specific period of time?

Time charter

What are some examples of standard charter party forms for different types of cargo?

Grain Charter, Australian Wheat Charter, AMWELSH, FERTICON, CUBASUGAR

Which type of charter party allows the charterer to take full control of the vessel?

Bareboat charter

What are some costs associated with shipping?

Acquiring ships, operating costs, voyage costs, cargo handling costs, and landside costs

What do operating costs include?

Crew costs, stores and consumables, maintenance and repairs, insurance, and administration

What do voyage costs include?

Voyage costs, port expenses, and canal charges/dues

What affects ship costs?

Ship age, inflation, and company management

Study Notes

The text discusses various types of charter party forms used in shipping.
Charter parties are legal agreements between a shipowner and a charterer.
There are two main types of charter parties: voyage charter and time charter.
Voyage charter is used for a single voyage or a series of voyages.
Time charter is used for a specific period of time.
There are various standard charter party forms available for different types of cargo.
Some examples of standard charter party forms are Grain Charter, Australian Wheat Charter, AMWELSH, FERTICON, CUBASUGAR, INTERTANKVOY, GASVOY, and BIMCHEMVOY.
There are also standard charter party forms for time charter, such as BALTIME 1974, LINERTIME 1974, NYPE, SHELLTIME, and BEEPEETIME.
Bareboat charter is another type of charter party, where the charterer takes full control of the vessel.
The text mentions BARECON A as an example of a standard bareboat charter party form.
Charter parties contain various clauses, such as the Bunker Clause, Ship Clause, Ice Clause, and Negligence Clause.
Costs associated with shipping include acquiring ships, operating costs, voyage costs, cargo handling costs, and landside costs.
Operating costs include crew costs, stores and consumables, maintenance and repairs, insurance, and administration.
Voyage costs include bunker/fuel costs, port expenses, and canal charges/dues.
Cargo handling costs include loading and discharging costs, such as stevedoring and cargo surveys.
Landside costs include cargo wharfage, warehouse rent, and onward transportation.
Loading and discharging costs can be divided between shipowners and charterers.
Ship costs are affected by factors such as ship age, inflation, and company management.
Economies of scale can affect ship costs, with larger ships having lower costs per unit.
Ship revenues are influenced by cargo capacity, ship productivity, and freight rates.