Transcription of NYPE 2015 Explanatory Notes - smf.com.sg
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NYPE 2015 Explanatory Notes - smf.com.sg
NYPE 2015 TIME CHARTER PARTY Explanatory Notes Table of Contents Introduction .. 3 BIMCO Sub-committee .. 3 ASBA Committee .. 3 SMF Committee .. 3 Background .. 3 Preamble .. 3 Clause 1 (Duration/Trip Description) .. 4 Clause 2 (Delivery) .. 4 Clause 3 (Laydays/Cancelling) .. 6 Clause 4 (Redelivery) .. 6 Clause 5 (On/Off-Hire Survey) .. 7 Clause 6 (Owners to Provide) .. 7 Clause 7 (Charterers to Provide) .. 8 Clause 8 (Performance of Voyages) .. 8 Clause 9 (Bunkers) .. 8 Clause 10 (Rate of Hire; Hold Cleaning; Communications; Victualing and Expenses) .. 11 Clause 11 (Hire Payment) .. 12 (a) Payment .. 12 (b) Grace Period .. 13 (c) Withdrawal.
NYPE 2015 EXPLANATORY NOTES 3 Introduction NYPE 2015 is the product of a co-operative effort between BIMCO, the Association of Shipbrokers and Agents (ASBA),
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