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Charter Agreement
I need a Charter Agreement under Danish law for a time charter of a bulk carrier vessel for a 12-month period starting March 1, 2025, with trading limits restricted to European waters and including specific provisions for fuel consumption warranties.
1. Parties: Identification of the vessel owner/disponent owner and charterer, including full legal names, registration numbers, and addresses
2. Background: Context of the charter agreement, including brief description of the vessel and intended use
3. Definitions: Definitions of key terms used throughout the agreement, including technical shipping terms
4. Vessel Details: Comprehensive description of the vessel, including specifications, class, and certificates
5. Charter Period: Duration of the charter, including delivery and redelivery conditions
6. Charter Hire: Payment terms, hire rates, and payment mechanisms
7. Vessel Operations: Operational requirements, trading limits, and permitted cargo
8. Bunkers and Consumables: Provisions regarding fuel, oils, and other consumables
9. Insurance and Liability: Required insurance coverage and allocation of risks between parties
10. Maintenance and Repairs: Responsibilities for vessel maintenance and repair procedures
11. Compliance and Certificates: Obligations regarding regulatory compliance and maintaining certificates
12. Termination: Circumstances and procedures for early termination
13. Governing Law and Jurisdiction: Confirmation of Danish law governance and jurisdiction arrangements
14. Force Majeure: Events constituting force majeure and consequential procedures
15. Notices: Communication procedures and contact details for formal notices
1. Off-hire Provisions: Specific to time charters - circumstances when hire payment is suspended
2. Cargo Operations: For voyage charters - specific provisions regarding loading, discharge, and cargo handling
3. Speed and Consumption Warranties: For time/voyage charters - vessel performance guarantees
4. Crew Management: For bareboat charters - provisions regarding crew employment and management
5. Purchase Option: Optional clause giving charterer right to purchase vessel
6. Environmental Protection: Additional environmental requirements beyond mandatory regulations
7. Sanctions Compliance: Specific provisions regarding international trade sanctions
8. ISM Code Compliance: Detailed provisions regarding safety management requirements
9. Sub-chartering: Provisions regarding permission and conditions for sub-chartering
1. Vessel Specifications: Detailed technical specifications of the vessel
2. Vessel Certificates: List of required certificates and their validity dates
3. Charter Hire Calculations: Detailed breakdown of hire calculations and adjustments
4. Trading Limits Map: Geographical representation of permitted trading areas
5. Inventory of Bunkers and Consumables: Detailed list of fuel, oils, and consumables at delivery
6. Vessel Condition Survey: On-hire survey report detailing vessel condition at delivery
7. Insurance Requirements: Detailed insurance specifications and minimum coverage requirements
8. Form of Performance Bond: Template for any required performance guarantees
9. BIMCO Standard Forms: Incorporated standard forms such as BARECON, BALTIME, or NYPE
Authors
Maritime
Shipping
Transportation
Logistics
International Trade
Oil & Gas
Commodities
Offshore Services
Fishing Industry
Marine Insurance
Legal
Operations
Commercial
Risk Management
Compliance
Technical
Finance
Insurance
Chartering
Fleet Management
Maritime Lawyer
Shipping Manager
Charter Party Manager
Fleet Operations Manager
Commercial Director
Risk Manager
Compliance Officer
Technical Superintendent
Vessel Operator
Contract Administrator
Chief Financial Officer
Insurance Manager
Port Captain
Maritime Consultant
Shipping Broker
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