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Time Chartering

1)Liabilities: Under a time charter the crew is employed by the shipowner, who is also responsible for the nautical operation and maintenance of the vessel and supervision of the cargo. The charterer is liable for costs directly connected with the use of the vessel, for example, bunker costs and port charges and pays for the loading and discharging.

The liability for the cargo may be determined in different ways and may rest with the shipowner or with the charterer or may be divided between them in one way or another.

2)Forms:There are also some standard forms of time charter party used in the time chartering business. The two major forms are NYPE and BALTIME. By far the largest number of time chartering are fixed on the basis of the NYPE Charter Party.

3)Meaning: The time chartering means that the shipowner provides a designated manned ship to the charterer, and the charterer employs the ship for a specific period against payment of hire. The hire is payable in advance for a month or other period. If the hire is not paid promptly the shipowner may be entitled to cancel the charter.

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2014年国际货运代理人《专业英语》知识点汇总