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CHARTER PARTY – a contract by which an entire
ship or some principal part thereof is let by the owner
to another person for a specified time or use.
GENERAL CATEGORIES OR KINDS OF CHARTER PARTY
1. Bareboat or demise charter – it involves the transfer of full possession and control of the vessel for the period covered by the contract, the character obtaining the right to use the vessel and carry whatever cargo it chooses, while maintaining and maintaining the vessel as well. Liable for damages:
charterer (acts as a private carrier)
2. Time charter – it is a contract to use the vessel for a particular period of time, the character obtaining the right to direct the movements of the vessel during the chartering period, although the owner retains
possession. It is considered a contract of affreightment. (acts as a common carrier)
3. Voyage charter – it is a contract for the hire of a vessel for one or a series of voyages usually for the purpose of transporting goods for the charterer. The voyage charter is a contract of affreightment and is considered a private carriage. In a contract of affreightment the ship owner is the one liable for damages. (acts as a common carrier)
OWNER PRO HAC VICE – demise charterer to whom the owner of the vessel has completely and
exclusively relinquished possession, command and navigation of the vessel. In this kind of charter, the
charterer mans and equips the vessel and assumes all responsibility for its navigation, management and
operation. He thus acts as the owner of the vessel in all important aspects during the duration of the
charter.
ship or some principal part thereof is let by the owner
to another person for a specified time or use.
GENERAL CATEGORIES OR KINDS OF CHARTER PARTY
1. Bareboat or demise charter – it involves the transfer of full possession and control of the vessel for the period covered by the contract, the character obtaining the right to use the vessel and carry whatever cargo it chooses, while maintaining and maintaining the vessel as well. Liable for damages:
charterer (acts as a private carrier)
2. Time charter – it is a contract to use the vessel for a particular period of time, the character obtaining the right to direct the movements of the vessel during the chartering period, although the owner retains
possession. It is considered a contract of affreightment. (acts as a common carrier)
3. Voyage charter – it is a contract for the hire of a vessel for one or a series of voyages usually for the purpose of transporting goods for the charterer. The voyage charter is a contract of affreightment and is considered a private carriage. In a contract of affreightment the ship owner is the one liable for damages. (acts as a common carrier)
OWNER PRO HAC VICE – demise charterer to whom the owner of the vessel has completely and
exclusively relinquished possession, command and navigation of the vessel. In this kind of charter, the
charterer mans and equips the vessel and assumes all responsibility for its navigation, management and
operation. He thus acts as the owner of the vessel in all important aspects during the duration of the
charter.
