Common Contracts
1 similar Charter Party Agreement contracts
Gencon charter party formCharter Party Agreement • September 14th, 2024
What is charter party agreement. Gencon charter party word format. Gencon 94 charter party word format. 3 types of charter party. Gencon 2022 charterparty. Gencon charter. Gencon charter party. Where a vessel fails to tender its NOR (Notice of Readiness) by the cancelling date, the charterer has the option to cancel the charter. This must be done within 48 hours of the cancellation date. If the owner informs the charterer that the vessel is running late and will miss its cancelling date, the charterer has 48 hours from the owner's notification to accept the new ETA (Estimated Time of Arrival) as the revised cancelling date or cancel the charter. This clause offers more flexibility than GENCON 1994 since it gives the charterer the option to accept the owner's new ETA or cancel the charter. Under GENCON 1994, the new cancelling date was deemed to be the seventh day after the new readiness date given by the owner. (13) Suspension and Termination This clause provides enhanced rights for th
