GENCON is a standard voyage charter party. It is a general purpose agreement for the services of a ship in exchange for freight and can be used in a variety of. Gencon, Charter Party, Chartering agreement. and particularly known also as “ Gencon ”. Gencon, first issued in and revised in and The GENCON (General Charter Conditions) charter party is the most common Due to this same reason, Owners usually prefer to go with the Gencon 94 form.
|Published (Last):||23 January 2015|
|PDF File Size:||1.11 Mb|
|ePub File Size:||8.48 Mb|
|Price:||Free* [*Free Regsitration Required]|
Indemnity for excess liabilities arising under the bills of landing. The survey showed that Gencon 94 is, by far, used more regularly than any other form.
Unfortunately, sometimes problems do occur and in that case you need quick solutions and someone who understands you. Contact our office in Rotterdam or in Hong Kong. Voyage charters Dry cargoes 34 Liquid cargoes 4 Gases 2.
The Risk of GENCON
Get the latest updates first. It is a general purpose agreement for the services of a ship in exchange for freight and can be used in a variety of trades. Dry cargo vessels Tankers Gas carriers Ferries Offshore vessels. Once in and one more time in Subscribe to our blog articles Analytics, inspiration and fresh ideas for ship chartering community.
Despite the fact that such revisions were necessary in order for the terms to be updated in line with the standard shipping practices, each revision also included a few changes which, in fact, amended the rights and responsibilities of the parties, creating a dispute between the Owners and Charterers on which form is fairer. The following have contributed to such turn:. So why would a pqrty be exposed?
Additional boxes which have been inserted in Gencon 94 refer to: Dry cargoes Liquid cargoes Gases. With this change, the clause is less wide and the chances for a strike or lock-out to fall within this generic exclusion are definitely less than in Gencon A misconception is that well known ports, frequently called, are safe.
P 10 0 E charterama charterama. The canceling clause clause 9 of Gencon 94 or clause 10 of Gencon 76 is also updated in order to give Owners the right to ask for extension of laycan if the vessel delays and avoid a long ballast leg out of the laycan. Gencon first issued in and then revised twice: TBN Self-propelled split hopper barge built in Romania.
Dry cargoes 40 Gas cargoes 1 Liquid cargoes 6. On the other hand, Charterers would definitely prefer payment closest to the delivery of the cargo rather than upon its shipment as it is the case in Gencon Serious things can go wrong but fortunately the frequency of serious claims is low. Along with the payment of freight upon delivery, which existed in previous revisions, are the two payment options which apply in Gencon Clause 12 of Gencon 76 limits the indemnity for non performance of the charter party up to the amount of estimated freight.
BIMCO Search Results
Therefore, without any specific clause in place, if demurrage was not paid after proper notices had been given, owners ran the risk of not being able to recover their money.
Under Time Charter contracts these risks are generally recognised, however, under Voyage Charter contracts these risks are many times still underestimated. Agree with terms and conditions. Chartering a vessel puts charterers in a position whereby they have a potential exposure to be held liable for unexpected and unforeseen incidents.
Also during loading and unloading a lot can go wrong resulting in a serious damage, and albeit caused by the stevedores, the charterers will be held liable. Dry cargoes Gas cargoes Liquid cargoes. Gencon 94 vs Gencon 76 — Differences in Part I Since the Gencon 94 is a revision of Gencon 76, in order to see their differences one needs to focus on the amendments incorporated with the chartr. Self-propelled split hopper barge built in Romania.
The following have contributed to such turn: But right now OpenSea helps easily find right cargo for cbarter ship or vice versa and creates new level of transparency on the freight market. Built in in China.
Charterers Liability insurance with Charterama offers affordable protection and an experienced crew to keep you in business. This article is written by Lucien Lesuis.
Like what you’re reading? Ships have capsized and sunk because of shifting of cargo and charterers were held liable for it.