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BIMCO eLearning - Time Charter Parties

Starting date: 6 February 2012
Ending date: 7 May 2012
Language: English
For more information about the conference, contact:
BIMCO Education
Tel: +45 44 36 68 00

Module Fee:
BIMCO Members EUR 1,150 excluding VAT
Non-Members EUR 1,495 excluding VAT
The fee includes access to this eLearning module and three scheduled webinars. It also includes the final exam, as well as online assistance from the tutor. The fee does not include any of the materials listed under “Recommended Reading” in the syllabus.

Who Should Attend:
This module is designed at postgraduate level for those who have gained the fundamental knowledge of shipping business and have worked within general maritime sectors through their daily work.

Module Content:
Time chartering is a complex business. The shipowners give the time charterers substantial control over the commercial operation of the vessel in exchange for the regular payment of hire. However, whilst this arrangement suggests that the shipowners have transferred much of the potential operational risk to the charterers and that the charterers can do more or less what they like with the ship, such an initial impression is both misleading and dangerous. The shipowners rely heavily on the financial standing of the charterers both in relation to the payment of hire and in relation to the indemnity which the charterers have promised should the shipowners suffer any costs, damage, losses or liability as a result of carrying out the charterers’ orders. Similarly, the charterers rely heavily on the shipowners’ ability to provide them with the agreed service throughout the charter period as they will be entering into sub-contracts with third parties in reliance on such ability. The charterers’ intentions may also be frustrated by the various restrictions that the terms of the contract and the law may place on their intended use of the ship.
The aim of this module is to highlight the various problem areas and to consider ways in which parties attempt to allocate risk inter se and thereby, provide the student with a balanced understanding of the relevant legal principles and practise.

This module will cover the following topics:
1. Time Charter Duration
2. The Payment of Hire
3. Off-Hire
4. Performance Claims
5. Employment Orders
6. Bills of Lading under Time Charters
7. Charterers are to Provide
8. Loading, Stowage and Discharging
9. Dangerous Goods
10. Safe Ports
11. Paramount Clauses
12. Time Charter Liens

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