i-law

Bareboat Charters

Bareboat Charters (c) 2025

Page 369

Index
  • acquisition See requisition/acquisition
  • agents
    • liens or encumbrances incurred by 21.26–33
  • agreed value 17.14–18
  • anti-corruption (Clause 28) 28.1–2
    • application to negotiations 28.6
    • compliance with legislation during performance 28.3
    • consequences of breach 28.4–5
  • requisition 30.4
  • arbitration
    • challenging the award 33.27–30
    • choice of London arbitration under English law 33.3–5
    • commencement of 33.24–6
    • under LMAA terms 33.6–23
  • arrest, obligations to release vessel from 22.46–54
  • as is, where is 37.13–16
  • asset of owners, preservation of vessel as 19.20–3
  • assignment and novation (Clause 26)
    • generally 26.1
    • owners entitled to assign 26.21–2
    • position of charterers 26.2–16
      • absence of consent 26.11–15
      • no prohibition on other employment 26.16
      • not to be unreasonably withheld 26.7–10
    • sale of vessel 26.17–20
  • authorised representative 32.21–2
  • bailment, relationships of I.12
  • bankruptcy 31.36–40
  • bareboat charter, BARECON 2017
  • bareboat charterer See charterer
  • BARECON 89 I3–4

    • Page 370
  • BARECON 2001 IV 4
  • BARECON 2017 IV 5–6
    • anti-corruption (Clause 28) 28.1–2
      • application to negotiations 28.6
      • compliance with legislation during performance 28.3
      • consequences of breach 28.4–5
    • assignment and novation (Clause 26) 26
      • absence of consent 26.11–15
      • generally 26.1
      • no prohibition on other employment 26.16
      • not to be unreasonably withheld 26.7–10
      • owners entitled to assign 26.21–2
      • position of charterers 26.2–16
      • sale of vessel 26.17–20
    • bunkers, fuels, oils, and greases (Clause 9) 9–2
    • cancelling (Clause 5) 5
      • accrual of the right 5.1–7
      • claims for damages 5.23–31
      • effect of termination 5.13–15
      • exercise of charterer’s right to cancel 5.8–12
      • revised delivery date 5.16–22
      • simple right to cancel 5.1–15
    • Charter Period (Clause 2) 2
      • complete control 2.10
      • full possession and absolute disposal 2.10
      • introduction 2.1–3
      • written notice 2.4–9
    • contract formation III.9, 13
    • contracts of carriage (Clause 12) 12
      • Both-to-Blame Collision Clause 12.25–7
      • cargo claimant sues wrong party 12.10–18
      • carriage of goods 12.1–27
      • New Jason Clause 12.22–4
      • paramount clause 12.19–21
      • passenger tickets 12.28–9
      • remedies against charterers for failing to incorporate require clauses 12.30–1
      • role of bareboat charterer 12.3–9
    • contractual rights of termination (Clause 31) 31
    • definitions (Clause 1) 1–6
    • delivery (Clause 3) 3
      • delivered by owners and taken over by charterers 3.20–3
      • in every respect ready for service 3.2–4, 12
      • fair wear and tear 3.13–19
      • non-compliant condition 3.34–5
      • owner’s liability for latent defects 3.36–43
      • proper documentation 3.24–33
      • seaworthiness 3.2–11
    • dispute resolution (Clause 33) 33
      • arbitration under full LMAA terms 33.6–19
      • BIMCO Dispute Resolution Clause 2017 33
      • challenging the award 33.27–30
      • commencement of London arbitration 33.24–6
      • introduction 33.2–1
      • LMAA Intermediate Claims Procedure 33.22–3
      • LMAA Small Claims Procedure 33.20–1

        • Page 371
      • choice of London arbitration under English law 33.3–5
      • mediation 33.31–3
    • entire agreement (Clause 36) 35.3–5
    • familiarisation (Clause 6) 6
    • general average (Clause 25) 25
    • headings (Clause 37) 35.6–10
    • hire (Clause 15) 15
      • anti-technicality provision 15.24–30
      • commencement of obligation to pay charter hire 15.2–3
      • final payment on hire 15.33
      • how payment must be effected 15.14–16
      • interest on unpaid hire 15.32
      • lumps sum payments 15.9–13
      • nature of obligation to effect timely payment 15.19–23
      • no set-off 15.17–19
      • rate of hire 15.4–8
      • when must termination be effected 15.31
    • implied terms III.68
    • incorporation III.53
    • indemnity (Clause 22) 22
      • causation 22.17–26
      • by charterers in favour of owners 22.33–41
      • general indemnity 22.6–32, 33–8
      • indemnity against liens 22.39–40
      • indemnity by owners in favour of charterers 22.55–6
      • indemnity in respect of loss etc. in relation to international conventions 22.41
      • indemnity triggers 22.8
      • introduction 22.1–5
      • limits to indemnity 22.9–16
      • obligations to release vessel from arrest 22.46–54
      • remoteness 22.27–32
      • signature of bills of lading or other documents 22.42–5
    • insurance (Clause 17) 17
      • agreed value 17.14–18
      • approved terms and insurers 17.19
      • co-assureds 17.20–2, 27–8
      • consequences of breach 17.33–40
      • identity of co-assureds 17.27–8
      • indemnification where charterers’ conduct prejudices insurance cover 17.31–2
      • introduction 17.1–13
      • non-exclusion of liabilities of charterers and third parties 17.23–4
      • provision of information and execution of documents 17.29–30
      • risks to be insured against by parties 17.25–6
    • inventories (Clause 8) 8–4
    • inspection during Charter Period (Clause 14) 14
      • documents 14.9–10
      • purpose of owners’ inspections 14.5–8
      • reasonable notice 14.3–4
      • right to inspect 14.1–2
    • lien (Clause 20) 20
      • all cargoes 20.11–17
      • belonging or due to charterer or any sub-charterers 20.48–53
      • bill of lading freight 20.33–5
      • charterers’ lien 20.57–62
      • exercise of lien on cargoes 20.18–22
      • for any amounts due under this Charter Party 20.3–10
      • hires and freights (including deadfreight and demurrage) 20.23–47
      • introduction 20.1
      • juridical nature of lien 20.27–32
      • owners’ lien 20.2–22
      • priorities 20.54–6
      • requirement of notice 20.36–47
      • subject matter of lien 20.23–6
    • maintenance and operation (Clause 13) 13
      • changes to vessel 13.38–9
      • EU emissions trading system 13.27–34
      • financial security 13.24–6
      • flag and name of vessel 13.37
      • information to owners 13.36
      • introduction 13.1–2
      • maintenance (of Class) 13.7–16
      • maintenance (of the vessel) 13.3–6
      • new Class and other regulatory requirements 13.17–23
      • operation of vessel 13.35
      • use of vessel’s outfit and equipment 13.40–2
    • mortgages (Clause 16) 16
      • introduction 16.1–2
      • position of mortgagee 16.10–11
      • warranty that vessel is and will remain free of mortgages 16.3–5
      • where vessel is mortgaged 16.6–9
    • newly built vessels (Part III) 36
      • cancellation 36.40–1
      • claims against vessel 36.33
      • constructed in accordance with shipbuilding contract 36.11–13

        • Page 372
      • construction stage 36.8–21
      • delivery 36.22–34
      • delivery and delay under shipbuilding contract 36.34
      • deliverability under Part III Clause 2(a)(i) 36.30–1
      • deliverability under shipbuilding contracts 36.25–9
      • expedited pre-delivery arbitrations 36.32
      • inspect construction of vessel 36.20–1
      • introduction 36.1–7
      • liability for delay 36.36–7
      • liquidated damages for physical defects or deficiencies 36.42
      • overall scheme 36.35
      • owners’ liability for breach of shipbuilding contract leading to no delivery 36.38–9
      • provision of shipbuilding contract 36.8–10
      • shipyard guarantee/warranty of quality 36.43–6
      • variations 36.14–19
    • non-lien (Clause 21) 21
      • alleged liens or encumbrances 21.23–5
      • any lien 21.4–144
      • incurred by them or their agents 21.26–33
      • introduction 21.1–3
      • non-lien notice 21.37–8
      • not to suffer or permit to be continued 21.34–5
      • or encumbrance 21.15–22
      • priority over title and interest of owners 21.36
    • notices (Clause 34) 34.1–6
    • partial validity (Clause 35) 35.2
    • penalties and relief from forfeiture III.314
    • performance guarantee (Clause 27) 27
      • a form acceptable to the owners 27.7–8
      • guarantee 27.9–10
      • introduction 27.1
      • nomenclature 27.4–5
      • quality of security 27.6
      • relevant entity 27.2
      • relevant legal principles 27.3
    • proprietary nature of a bareboat charter III.344–5
    • purchase option (Part IV) 37
    • redelivery (Clause 10) 10
      • Class certificates 10.62–3
      • condition on redelivery 10.38–77
      • early redelivery 10.4–9
      • fair wear and tear 10.39–57
      • late redelivery 10.10–24
      • measure of damages for breach of obligations of condition 10.64–77
      • notices of redelivery 10.30–37
      • place of redelivery 10.25–29
      • relationship with Clause 13 10.58–61
      • time and place of redelivery 10.2–24
      • time of redelivery 10.3
    • repairs (Clause 18) 18
      • breach of 18.19–24
      • insured repairs 18.2–10
      • introduction 18.1
      • right of reimbursement under owners’ insurance 18.9–10
      • time for repairs 18.18
      • uninsured repairs 18.11–14
    • repossession (Clause 32) 32
      • application 32.1–2
      • authorised representative 32.21–2
      • nature of charterers’ obligations 32.7–16
      • nature of charterers’ possession 32.17–20
      • time and place of repossession 32.3–6
    • requisition/acquisition (Clause 30) 30
    • salvage (Clause 23) 23.1–8
    • sanctions and designated entities (Clause 29) 29.1
      • additional protections 29.9–11
      • owners’ and charterers’ warranties 29.6–8
      • scope and application 29.2–5
    • singular/plural (Clause 38) 35.11
    • surveys on delivery and redelivery (Clause 7) 7
      • alternatives to Clause 7 7.14–17
      • basic provision 7.1–3
      • divers’ inspections 7.18–22
      • effect of agreement between surveyors as to condition 7.10–13
      • sources of conflict at time of surveying vessel 7.4–9
    • time for delivery (Clause 4) 4
      • approximate notice of delivery 4.7–10
      • breach of notice provision 4.18–26
      • definite notice of delivery 4.11–14
      • loss 4.21–6
      • notices 4.5–14
      • time of breach 4.19–20

        • Page 373
      • vessel employed consistently with any notices given 4.15–17
      • window for delivery 4.1–4
    • total loss (Clause 19) 19
      • actual total loss 19.4–5
      • agreed or compromised total loss 19.10
      • charterer’s liability for damages 19.11–14
      • claims against third parties 19.24–7
      • constructive total loss 19.6–9
      • definition 19.3
      • execution of documents 19.28–9
      • insurance 19.15–16
      • introduction 19.1–2
      • notification 19.17–19
      • preservation of vessel as asset of owners 19.20–3
    • trading restrictions (Clause 11) 11
      • breach or infringement of laws and regulations 11.24
      • damages 11.27–8
      • employment in conformity with terms of contracts of insurance 11.15–23
      • International Navigating Limits 11.16–18
      • introduction 11.1–3
      • lawful trades … lawful merchandise 11.4–13
      • nuclear fuels or radioactive products or waste 11.25
      • quantum meruit 11.29–35
      • remedies for breach of 11.26–37
      • rights of termination 11.36–7
      • trading limits stated in Box 14 11.14
      • war risks 11.19–23
    • wreck removal (Clause 24) 24.1–4
  • bill of lading
    • freight 20.33–5
    • indemnity against consequences or liabilities arising from 22.42–5
  • BIMCO Dispute Resolution Clause 2017 33
  • bonds, on demand 27.11–13
  • Both-to-Blame Collision Clause 12.25–7
  • breach
    • of anti-corruption legislation 28.4–5
    • of Clause 11, remedies for 11.26–37
    • of Clause 18 18.19–24
    • and insurance 17.33–40
    • of laws and regulations of Flag State or places where vessel trades 11.24
    • of notice provision 4.18–26
    • of obligations of condition 10.64–77
    • of shipbuilding contract 36.38–9
  • building contract 36
    • constructed in accordance with contract 36.11–13
    • deliverability under 36.25–9
    • delivery and delay under 36.34
    • inspect vessel during construction 36.20–1
    • liaise and cooperate in all matters 36.16–19
    • provision of 36.8–10
    • variations 36.14–15
  • bunkers, fuels, oils, and greases (Clause 9) 9–2
  • cancelling/termination See also contractual rights of termination (Clause 31)
    • Clause 5 5
      • accrual of the right 5.1–7
      • claims for damages 5.23–31
      • effect of termination 5.13–15
      • exercise of charterer’s right to cancel 5.8–12
      • revised delivery date 5.16–22
      • simple right to cancel 5.1–15
    • newly built vessels 36, 36.40–1
    • purchase option 37.17–18
    • repossession 32.1–2
    • trading restrictions 11.36–7
    • when must termination be effected 15.31
  • cargo claimant sues wrong party 12.10–18
  • cargoes, lien on
  • exercise of 20.18–22
  • nature of 20.11–17
  • carriage of goods 12.1–27
  • causation 22.17–26
  • changes to vessel 13.38–9
  • charterer
    • belonging or due to the charterers or any sub-charterers 20.48–53
    • complete control 2.10
    • default 31.3–22
    • delivery 3.20–3
    • and designated entities 29.6–8
    • exercise of right to cancel 5.8–12
    • full possession and absolute disposal 2.10
    • incurred by charterers or their agents 21.26–33
    • indemnification where conduct prejudices insurance cover 17.31–2
    • indemnities in favor of owners 22.33–41
    • indemnities by owners in favour of 22.55–6
    • liability for damages, total loss 19.11–14
    • lien 20.57–62
    • newly built vessels 36.16–21, 33
    • non-exclusion of liabilities of 17.23–4

      • Page 374
    • position of, assignment and novation 26.2–16
    • remedies against 12.30–1
    • repossession, nature of obligations 32.7–16
    • repossession, nature of possession 32.17–20
    • role in carriage of goods 12.3–9
    • warranties 29.6–8
  • Charter Period (Clause 2) 2
    • complete control 2.10
    • full possession and absolute disposal 2.10
    • written notice 2.4–9
  • circumstances
  • loss of the vessel 31.31–2
  • claimant sues wrong party 12.10–18
  • claim preparation, familiarisation vs 6.5–16
  • claims
    • against third parties 19.24–7
    • cancelling 5.23–31
    • contractual rights of termination 31.41–6
    • LMAA terms
      • full LMAA terms 33.6–19
      • Intermediate Claims Procedure 33.22–3
      • Small Claims Procedure 33.20–1
    • newly built vessels 36.33
  • Class
  • Class certificate
  • Clause 1 (definitions) 1–6
  • Clause 2 (Charter Period) 2
    • complete control 2.10
    • full possession and absolute disposal 2.10
    • written notice 2.4–9
  • Clause 3 (delivery) 3
    • delivered by owners and taken over by charterers 3.20–3
    • in every respect ready for service 3.2–4, 12
    • fair wear and tear 3.13–19
    • non-compliant condition 3.34–5
    • owner’s liability for latent defects 3.36–43
    • proper documentation 3.24–33
    • seaworthiness 3.2–11
  • Clause 4 (time for delivery) 4
    • breach of notice provision 4.18–26
    • cancelling 5.16–22
    • newly built vessels 36.34–37
    • notices 4.5–14
      • approximate notice of delivery 4.7–10
      • definite notice of delivery 4.11–14
    • vessel employed consistently with any notices given 4.15–17
    • window for delivery 4.1–4
  • Clause 5 (cancelling) 5
    • claims for damages 5.23–31
    • revised delivery date 5.16–22
    • simple right to cancel 5.1–15
      • accrual of the right 5.1–7
      • effect of termination 5.13–15
      • exercise of charterer’s right to cancel 5.8–12
  • Clause 6 (familiarisation)
  • Clause 7 (surveys on delivery and redelivery)
    • basic provision 7.1–3
      • alternatives to Clause 7 7.14–17
      • effect of agreement between surveyors as to condition 7.10–13
      • sources of conflict at time of surveying vessel 7.4–9
    • divers’ inspections 7.18–22
  • Clause 8 (inventories) 8–4
  • Clause 9 (bunkers, fuels, oils, and greases) 9–2
  • Clause 10 (redelivery)
    • condition on redelivery 10.38–77
      • Class certificates 10.62–3
      • fair wear and tear 10.39–57
      • measure of damages for breach of obligations of condition 10.64–77
      • relationship with Clause 13 10.58–61
    • notices of redelivery 10.30–37
    • place of redelivery 10.25–29
    • time and place of redelivery 10.2–24
  • Clause 11 (trading restrictions)
    • breach or infringement of laws and regulations 11.24
    • employment in conformity with terms of contracts of insurance 11.15–23
    • introduction 11.1–3
    • lawful trades … lawful merchandise 11.4–13
    • nuclear fuels or radioactive products or waste 11.25
    • remedies for breach of 11.26–37
    • trading limits states in Box 14 11.14
  • Clause 12 (contracts of carriage)
    • carriage of goods 12.1–27
      • Both-to-Blame Collision Clause 12.25–7
      • cargo claimant sues wrong party 12.10–18
      • New Jason Clause 12.22–4
      • paramount clause 12.19–21
      • role of bareboat charterer 12.3–9
    • passenger tickets 12.28–9
    • remedies against charterers for failing to incorporate required clauses 12.30–1
  • Clause 13 (maintenance and operation)
    • changes to vessel 13.38–9
    • EU emissions trading system 13.27–34
    • financial security 13.24–6
    • flag and name of vessel 13.37
    • information to owners 13.36
    • introduction 13.1–2
    • maintenance (of Class) 13.7–16
    • maintenance (of the vessel) 13.3–6
    • new Class and other regulatory requirements 13.17–23
    • operation of vessel 13.35
    • use of vessel’s outfit and equipment 13.40–2
  • Clause 14 (inspection during Charter Period)
    • documents 14.9–10
    • purpose of owners’ inspections 14.5–8
    • reasonable notice 14.3–4
    • right to inspect 14.1–2
  • Clause 15 (hire)
    • anti-technicality provision 15.24–30
    • commencement of obligation to pay charter hire 15.2–3
    • final payment of hire 15.33
    • how payment must be effected 15.14–16
    • interest on unpaid hire 15.32
    • lumps sum payments 15.9–13
    • nature of obligation to effect timely payment 15.19–23
    • no set-off 15.17–18
    • rate of hire 15.4–8
    • when must termination be effected 15.31
  • Clause 16 (mortgages)
    • introduction 16.1–2
    • position of mortgagee 16.10–11
    • warranty that vessel is and will remain free of mortgages 16.3–5
    • where vessel is mortgaged 16.6–9
  • Clause 17 (insurance)
    • agreed value 17.14–18
    • approved terms and insurers 17.19
    • co-assureds 17.20–2, 27–8
    • consequences of breach 17.33–40
    • identity of co-assureds 17.27–8
    • indemnification where charterers’ conduct prejudices insurance cover 17.31–2
    • introduction 17.1–13
    • non-exclusion of liabilities of charterers and third parties 17.23–4
    • provision of information and execution of documents 17.29–30
    • risks to be insured against by parties 17.25–6
  • Clause 18 (repairs)
    • breach of 18.19–24
    • insured repairs 18.2–10
      • right of reimbursement under owners’ insurance 18.9–10
      • under earlier iterations of BARECON 18.5–8
    • introduction 18.1
    • time for repairs 18.15–18
    • uninsured repairs 18.11–14
  • Clause 19 (total loss)
    • actual total loss 19.4–5
    • agreed or compromised total loss 19.10
    • charterers’ liability for damages 19.11–14
    • claims against third parties 19.24–7
    • constructive total loss 19.6–9
    • definition 19.3
    • execution of documents 19.28–9
    • insurance 19.15–16
    • introduction 19.1–2
    • notification 19.17–19
    • preservation of vessel as asset of owners 19.20–3
  • Clause 20 (lien)
    • belonging or due to charterers or any sub-charterers 20.48–53
    • charterers’ lien 20.57–62
    • hires and freights (including deadfreight and demurrage) 20.23–47
      • bill of lading freight 20.33–5
      • juridical nature of lien 20.27–32
      • requirement of notice 20.36–47
      • subject matter of lien 20.23–6
    • introduction 20.1
    • owners’ lien 20.2–22
      • all cargoes 20.11–17
      • exercise of lien on cargoes 20.18–22
      • for any amounts due under this Charter Party 20.3–10
    • priorities 20.54–6
  • Clause 21 (non-lien)
  • Clause 22 (indemnity)
    • by charterers in favour of owners 22.33–41
      • general indemnity 22.33–8
      • indemnity against liens 22.39–40
      • indemnity in respect of loss etc. in relation to international conventions 22.41
    • general indemnity 22.6–32, 33–8
    • introduction 22.1–5
    • obligations to release vessel from arrest 22.46–54
    • by owners in favour of charterers 22.55–6
    • signature of bills of lading or other documents 22.42–5
  • Clause 23 (salvage) 23.1–8
  • Clause 24 (wreck removal) 24.1–4
  • Clause 25 (general average)
  • Clause 26 (assignment and novation)
    • generally 26.1
    • owners entitled to assign 26.21–2
    • position of charterers 26.2–16
      • absence of consent 26.11–15
      • no prohibition on other employment 26.16
      • not to be unreasonably withheld 26.7–10
    • sale of vessel 26.17–20
  • Clause 27 (performance guarantee)
    • a form acceptable to the owners 27.7–8
    • guarantee 27.9–10
    • introduction 27.1
    • nomenclature 27.4–5
    • on demand bonds or guarantees 27.11–13
    • quality of security 27.6
    • relevant entity 27.2
    • relevant legal principles 27.3
  • Clause 28 (anti-corruption) 28.1–2
    • application to negotiations 28.6
    • compliance with legislation during performance 28.3
    • consequences of breach 28.4–5
  • Clause 29 (sanctions and designated entities) 29.1
    • additional protections 29.9–11
    • owners’ and charterers’ warranties 29.6–8
    • scope and application 29.2–5
  • Clause 30 (requisition/acquisition)
  • Clause 31 (contractual rights of termination)
  • Clause 32 (repossession)
    • application 32.1–2
    • authorised representative 32.21–2
    • nature of charterers’ obligations 32.7–16
    • nature of charterers’ possession 32.17–20
    • time and place of repossession 32.3–6
  • Clause 33 (dispute resolution)
    • arbitration under LMAA terms 33.6–23
    • BIMCO Dispute Resolution Clause 2017 33
    • challenging the award 33.27–30
    • commencement of London arbitration 33.24–6
    • introduction 33.2–1
    • LMAA Intermediate Claims Procedure 33.22–3
    • LMAA Small Claims Procedure 33.20–1
    • choice of London arbitration under English law 33.3–5
    • mediation 33.31–3
  • Clause 34 (notices) 34.1–6
  • Clause 35 (partial validity) 35.2

    • Page 377
  • Clause 36 (entire agreement) 35.3–5
  • Clause 37 (headings) 35.6–10
  • Clause 38 (singular/plural) 35.11
  • co-assureds
  • complete control 2.10
  • compliance
    • with anti-corruption legislation 28.3
    • failure to comply with Clause 11 (trading restrictions) 31.8–12
    • failure to comply with Clause 17 (insurance) 31.13–16, 31.27–9
  • condition on redelivery 10.38–77
  • conduct, charterers’
  • prejudices insurance cover 17.31–2
  • conflict at time of surveying 7.4–9
  • consent, absence of 26.11–15
  • construction stage 36.8–21
  • constructive total loss 19.6–9
  • contracts of carriage (Clause 12)
    • carriage of goods 12.1–27
      • Both-to-Blame Collision Clause 12.25–7
      • cargo claimant sues wrong party 12.10–18
      • New Jason Clause 12.22–4
      • paramount clause 12.19–21
      • role of bareboat charterer 12.3–9
    • passenger tickets 12.28–9
    • remedies against charterers for failing to incorporate required clauses 12.30–1
  • contractual nature of a bareboat charter III.4–341
  • contractual rights of termination (Clause 31)
  • conventions See international conventions
  • Crew, employment and responsibility for I.12
  • damages
  • date for delivery 36.34–5
  • deadfreight, lien on 20.23–47
  • default
  • defects or deficiencies
  • definite notice of delivery 4.11–14
  • definitions
    • bareboat charters I.1–11
    • Clause 1 1.1–6
  • delay
    • newly built vessels 36.34
  • delivery (Clause 3) 3 See also surveys on delivery and redelivery (Clause 7); time of delivery (Clause 4)
    • delivered by owners and taken over by charterers 3.20–3

      • Page 378
    • in every respect ready for service 3.2–4, 12
    • fair wear and tear 3.13–19
    • newly built vessels 36, 36.22–39
    • non-compliant condition 3.34–5
    • owner’s liability for latent defects 3.36–43
    • proper documentation 3.24–33
    • seaworthiness 3.2–11
  • demurrage, lien on 20.23–47
  • depriving of use of vessel 31.24–6
  • designated entities sanctions and designated entities (Clause 29)
  • dispute resolution (Clause 33)
    • arbitration under LMAA terms 33.6–19
    • BIMCO Dispute Resolution Clause 2017 33
    • challenging the award 33.27–30
    • commencement of London arbitration 33.24–6
    • introduction 33.2–1
    • LMAA Intermediate Claims Procedure 33.22–3
    • LMAA Small Claims Procedure 33.20–1
    • London arbitration under English law 33.3–5
    • mediation 33.31–3
  • divers’ inspections 7.18–22
  • documents See also Class certificate
  • early redelivery 10.4–9
  • effect
  • employment
    • in conformity with terms of contracts of insurance 11.15–23
    • Master and Crew I.12
    • prohibition on other employment 26.16
  • encumbrance
  • enforcement 6.16–18
  • English law
    • general average in 25.6–8
    • choice of London arbitration under 33.3–5
  • entire agreement (Clause 36) 35.3–5
  • entities, designated sanctions and designated entities (Clause 29)
  • entity, relevant 27.2
  • equipment See outfit and equipment
  • equitable remedies, availability of I.12
  • EU Emissions Trading System “EU ETS” 13.27–34
  • exercise of lien on cargoes 20.18–22
  • exercise of purchase option
  • exercise of right to cancel 5.8–12
  • expedited pre-delivery arbitrations 36.32
  • failure to comply
    • with Clause 11 (trading restrictions) 31.8–12
    • with Clause 17 (insurance) 31.13–16, 31.27–9
  • failure to maintain 31.17–22
  • fair wear and tear
  • familiarisation (Clause 6)
  • final payment of hire 15.33
  • finance leases II.4–8
  • financial security 13.24–6
  • fit for service 3.12
  • flag
  • Flag State, breach or infringement of laws and regulations of 11.24
  • forfeiture, relief against 31.52–3
  • form acceptable to owners 27.7–8
  • freights, lien on
  • frustration 30.10–12
  • fuels bunkers, fuels, oils, and greases (Clause 9)
  • full possession and absolute disposal for all purposes 2.10
  • general average (Clause 25)
  • general indemnity 22.33–8
  • goods See carriage of goods
  • greases bunkers, fuels, oils, and greases (Clause 9)
    • shipyard guarantee/warranty of quality 36.43–6

    • Page 379
  • headings (Clause 37) 35.6–10
  • hire
    • Clause 15
      • anti-technicality provision 15.24–30
      • commencement of obligation to pay charter hire 15.2–3
      • final payment of hire 15.33
      • how payment must be effected 15.14–16
      • interest on unpaid hire 15.32
      • lumps sum payments 15.9–13
      • nature of obligation to effect timely payment 15.19–23
      • no set-off 15.17–18
      • rate of hire 15.4–8
      • when must termination be effected 15.31
    • lien on hires and freights (including deadfreight and demurrage) 20.23–47
    • non-payment of 31.5–7
  • history
    • use of bareboat charters II.1–3
  • identity of co-assureds 17.27–8
  • implied terms I.12
  • incurred by charterers or their agents 21.26–33
  • indemnification
    • where charterers’ conduct prejudices insurance cover 17.31–2
  • indemnity (Clause 22)
    • by charterers in favour of owners 22.33–41
      • general indemnity 22.33–8
      • indemnity against liens 22.39–40
      • indemnity in respect of loss etc. in relation to international conventions 22.41
    • general indemnity 22.6–32, 33–8
    • introduction 22.1–5
    • obligations to release vessel from arrest 22.46–54
    • by owners in favour of charterers 22.55–6
    • signature of bills of lading or other documents 22.42–5
  • information
  • infringement of laws and regulations of Flag State or places where vessel trades 11.24
  • inspection
    • Clause 14 (inspection during Charter Period)
      • documents 14.9–10
      • purpose of owners’ inspections 14.5–8
      • reasonable notice 14.3–4
      • right to inspect 14.1–2
    • delivery 3.13–19
    • surveys on delivery and redelivery 7.18–22
  • insurance
    • BARECON 89
      • insured repairs 18.5, 8
    • BARECON 2001
    • BARECON 2017 11.15–23, 17, 19.15–16
    • Clause 17 BARECON 2017
      • agreed value 17.14–18
      • approved terms and insurers 17.19
      • co-assureds 17.20–2, 27–8
      • consequences of breach 17.33–40
      • identity of co-assureds 17.27–8
      • indemnification where charterers’ conduct prejudices insurance cover 17.31–2
      • introduction 17.1–13
      • non-exclusion of liabilities of charterers and third parties 17.23–4
      • provision of information and execution of documents 17.29–30
      • risks to be insured against by parties 17.25–6
    • maintenance of I.12
  • interest of owners 21.36
  • interest on unpaid hire 15.32
  • Intermediate Claims Procedure, LMAA 33.22–3
  • international conventions, indemnity in relation to 22.41
  • International Navigating Limits “INL” 11.16–18
  • inventories (Clause 8) 8–4
  • juridical nature of lien 20.27–32
  • latent defects 3.36–43
  • late redelivery 10.10–24
  • lawful trades … lawful merchandise 11.4–13
  • legal incidents I.12–13
  • legal principles III.1–3
  • legislation, anti-corruption
    • compliance with 28.3
  • liabilities
  • lien See also lien (Clause 20); non-lien (Clause 21)
  • lien (Clause 20)
    • belonging or due to charterers or any sub-charterers 20.48–53
    • charterers’ lien 20.57–62
    • hires and freights (including deadfreight and demurrage) 20.23–47
      • bill of lading freight 20.33–5
      • juridical nature of lien 20.27–32
      • requirement of notice 20.36–47
      • subject matter of lien 20.23–6
    • introduction 20.1
    • owners’ lien 20.2–22
      • all cargoes 20.11–17
      • exercise of lien on cargoes 20.18–22
      • for any amounts due under this Charter Party 20.3–10
    • priorities 20.54–6
  • limits to indemnity 22.9–16
  • liquidated damages
  • LMAA terms
    • arbitration under full terms 33.6–19
    • Intermediate Claims Procedure 33.22–3
    • Small Claims Procedure 33.20–1
  • London arbitration
    • commencement of 33.24–6
    • under English law, choice of 33.3–5
  • loss See also total loss (Clause 19)
    • indemnity in respect of 22.41
    • time for delivery 4.21–6
    • of the vessel 31.30–5
  • lump sum payments 15.9–13
  • maintenance See also maintenance and operation (Clause 13)
    • failure to maintain 31.17–22
    • insurance, Class and flag I.12
  • maintenance and operation (Clause 13)
    • changes to vessel 13.38–9
    • EU emissions trading system 13.27–34
    • financial security 13.24–6
    • flag and name of vessel 13.37
    • information to owners 13.36
    • introduction 13.1–2
    • maintenance (of Class) 13.7–16
    • maintenance (of the vessel) 13.3–6
    • new Class and other regulatory requirements 13.17–23
    • operation of vessel 13.35
    • use of vessel’s outfit and equipment 13.40–2
  • Master, employment and responsibility for I.12
  • measure of damages 10.64–77
  • mediation 33.31–3
  • mortgages (Clause 16)
    • introduction 16.1–2
    • position of mortgagee 16.10–11
    • warranty that vessel is and will remain free of mortgages 16.3–5
    • where vessel is mortgaged 16.6–9
  • name of vessel 13.37
  • negotiations 28.6
  • New Jason Clause 12.22–4
  • newly built vessels (Part III)
    • cancellation 36.40–1
    • construction stage 36.8–21
      • constructed in accordance with shipbuilding contract 36.11–13
      • inspect construction of vessel 36.20–1
      • provision of shipbuilding contract 36.8–10
      • variations 36.14–19
    • delivery
      • claims against vessel 36.33
      • deliverability under Part III Clause 2(a)(i) 36.30–1

        • Page 381
      • deliverability under shipbuilding contracts 36.25–9
      • expedited pre-delivery 36.32
      • introduction 36.22–4
    • delivery and delay under shipbuilding contract 36.34
    • introduction 36.1–7
    • liability for delay 36.36–7
    • liquidated damages for physical defects or deficiencies 36.42
    • overall scheme 36.35
    • owners’ liability for breach of shipbuilding contract leading to no delivery 36.38–9
    • shipyard guarantee/warranty of quality 36.43–6
  • no frustration 30.10–12
  • nomenclature, performance guarantee 27.4–5
  • non-compliance 3.34–5
  • non-exclusion of liabilities of charterers and third parties 17.23–4
  • non-lien (Clause 21)
    • alleged liens or encumbrances 21.23–5
    • any line 21.4–14
    • incurred by them or their agents 21.26–33
    • introduction 21.1–3
    • non-lien notice 21.37–8
    • not to suffer or permit to be continued 21.34–5
    • or encumbrance 21.15–22
    • priority over title and interest of owners 21.36
  • non-payment of hire 31.5–7
  • notices
  • notification 19.17–19
  • not to suffer or permit to be continued 21.34–5
  • novation assignment and novation (Clause 26)
  • nuclear fuels, prohibition on carriage of 11.25
  • obligations
  • oils bunkers, fuels, oils, and greases (Clause 9)
  • on demand bonds or guarantees 27.11–13
  • operating charters II.9–11
  • operation maintenance and operation (Clause 13)
  • outfit and equipment 13.40–2
  • owners
    • default of 31.23–9
    • delivery 3.3.2–12, 3.20–3
    • and designated entities 29.6–8
    • entitled to assign 26.21–2
    • form acceptable to 27.7–8
    • indemnities by charterers in favour of 22.33–41
    • indemnities by owners in favour charterers 22.55–6
    • inspections 14.5–8
    • liability for breach of shipbuilding contract 36.38–9
    • liability for defects 3.36–43
    • lien 20.2–22
    • maintenance and operation 13.36
    • non-lien 21.36
    • preservation of vessel as asset of 19.20–3
    • repairs 18.9–10
    • time for delivery 4.15–17
  • ownership of bunkers 9.3–10
  • paramount clause 12.19–21
  • Part II Clause 1 (definitions) 1–6
  • Part II Clause 2 (Charter Period) 2
    • complete control 2.10
    • full possession and absolute disposal 2.10
    • introduction 2.1–3
    • written notice 2.4–9
  • Part II Clause 3 (delivery) 3
    • delivered by owners and taken over by charterers 3.20–3
    • in every respect ready for service 3.2–4, 12
    • fair wear and tear 3.13–19
    • introduction 3.1
    • non-compliant condition 3.34–5
    • owner’s liability for latent defects 3.36–43
    • proper documentation 3.24–33
    • seaworthiness 3.2–11
  • Part II Clause 4 (time for delivery) 4
    • breach of notice provision 4.18–26
    • cancelling 5.16–22
    • newly built vessels 36.34–37
    • notices 4.5–14
      • approximate notice of delivery 4.7–10
      • definite notice of delivery 4.11–14
    • vessel employed consistently with any notices given 4.15–17
    • window for delivery 4.1–4
  • Part II Clause 5 (cancelling) 5
    • claims for damages 5.23–31
    • revised delivery date 5.16–22

      • Page 382
    • simple right to cancel 5.1–15
      • accrual of the right 5.1–7
      • effect of termination 5.13–15
      • exercise of charterer’s right to cancel 5.8–12
  • Part II Clause 6 (familiarisation)
  • Part II Clause 7 (surveys on delivery and redelivery)
    • basic provision 7.1–3
      • alternatives to Clause 7 7.14–17
      • effect of agreement between surveyors as to condition 7.10–13
      • sources of conflict at time of surveying vessel 7.4–9
    • divers’ inspections 7.18–22
  • Part II Clause 8 (inventories) 8–4
  • Part II Clause 9 (bunkers, fuels, oils, and greases) 9–2
  • Part II Clause 10 (redelivery)
    • condition on redelivery 10.38–77
      • Class certificates 10.62–3
      • fair wear and tear 10.39–57
      • measure of damages for breach of obligations of condition 10.64–77
      • relationship with Clause 13 10.58–61
    • notices of redelivery 10.30–37
    • place of redelivery 10.25–29
    • time and place of redelivery 10.2–24
  • Part II Clause 11 (trading restrictions)
    • breach or infringement of laws and regulations 11.24
    • employment in conformity with terms of contracts of insurance 11.15–23
    • introduction 11.1–3
    • lawful trades … lawful merchandise 11.4–13
    • nuclear fuels or radioactive products or waste 11.25
    • remedies for breach of 11.26–37
    • trading limits states in Box 14 11.14
  • Part II Clause 12 (contracts of carriage)
    • carriage of goods 12.1–27
      • Both-to-Blame Collision Clause 12.25–7
      • cargo claimant sues wrong party 12.10–18
      • New Jason Clause 12.22–4
      • paramount clause 12.19–21
      • role of bareboat charterer 12.3–9
    • passenger tickets 12.28–9
    • remedies against charterers for failing to incorporate required clauses 12.30–1
  • Part II Clause 13 (maintenance and operation)
    • changes to vessel 13.38–9
    • EU emissions trading system 13.27–34
    • financial security 13.24–6
    • flag and name of vessel 13.37
    • information to owners 13.36
    • introduction 13.1–2
    • maintenance (of Class) 13.7–16
    • maintenance (of the vessel) 13.3–6
    • new Class and other regulatory requirements 13.17–23
    • operation of vessel 13.35
    • use of vessel’s outfit and equipment 13.40–2
  • Part II Clause 14 (inspection during Charter Period)
    • documents 14.9–10
    • purpose of owners’ inspections 14.5–8
    • reasonable notice 14.3–4
    • right to inspect 14.1–2
  • Part II Clause 15 (hire)
    • anti-technicality provision 15.24–30
    • commencement of obligation to pay charter hire 15.2–3
    • final payment of hire 15.33
    • how payment must be effected 15.14–16
    • interest on unpaid hire 15.32
    • lumps sum payments 15.9–13
    • nature of obligation to effect timely payment 15.19–23
    • no set-off 15.17–18
    • rate of hire 15.4–8
    • when must termination be effected 15.31
  • Part II Clause 16 (mortgages)
    • introduction 16.1–2
    • position of mortgagee 16.10–11
    • warranty that vessel is and will remain free of mortgages 16.3–5
    • where vessel is mortgaged 16.6–9
  • Part II Clause 17 (insurance)
    • agreed value 17.14–18
    • approved terms and insurers 17.19
    • co-assureds 17.20–2, 27–8
    • consequences of breach 17.33–40
    • identity of co-assureds 17.27–8

      • Page 383
    • indemnification where charterers’ conduct prejudices insurance cover 17.31–2
    • introduction 17.1–13
    • non-exclusion of liabilities of charterers and third parties 17.23–4
    • provision of information and execution of documents 17.29–30
    • risks to be insured against by parties 17.25–6
  • Part II Clause 18 (repairs)
    • breach of 18.19–24
    • insured repairs 18.2–10
      • right of reimbursement under owners’ insurance 18.9–10
      • under earlier iterations of BARECON 18.5–8
    • introduction 18.1
    • time for repairs 18.15–18
    • uninsured repairs 18.11–14
  • Part II Clause 19 (total loss)
    • actual total loss 19.4–5
    • agreed or compromised total loss 19.10
    • charterers’ liability for damages 19.11–14
    • claims against third parties 19.24–7
    • constructive total loss 19.6–9
    • definition 19.3
    • execution of documents 19.28–9
    • insurance 19.15–16
    • introduction 19.1–2
    • notification 19.17–19
    • preservation of vessel as asset of owners 19.20–3
  • Part II Clause 20 (lien)
    • belonging or due to charterers or any sub-charterers 20.48–53
    • charterers’ lien 20.57–62
    • hires and freights (including deadfreight and demurrage) 20.23–47
      • bill of lading freight 20.33–5
      • juridical nature of lien 20.27–32
      • requirement of notice 20.36–47
      • subject matter of lien 20.23–6
    • introduction 20.1
    • owners’ lien 20.2–22
      • all cargoes 20.11–17
      • exercise of lien on cargoes 20.18–22
      • for any amounts due under this Charter Party 20.3–10
    • priorities 20.54–6
  • Part II Clause 21 (non-lien)
    • alleged liens or encumbrances 21.23–5
    • any line 21.4–14
    • incurred by them or their agents 21.26–33
    • introduction 21.1–3
    • non-lien notice 21.37–8
    • not to suffer or permit to be continued 21.34–5
    • or encumbrance 21.15–22
    • priority over title and interest of owners 21.36
  • Part II Clause 22 (indemnity)
    • by charterers in favour of owners 22.33–41
      • general indemnity 22.33–8
      • indemnity against liens 22.39–40
      • indemnity in respect of loss etc. in relation to international conventions 22.41
    • general indemnity 22.6–32, 33–8
    • introduction 22.1–5
    • obligations to release vessel from arrest 22.46–54
    • by owners in favour of charterers 22.55–6
    • signature of bills of lading or other documents 22.42–5
  • Part II Clause 23 (salvage) 23.1–8
  • Part II Clause 24 (wreck removal) 24.1–4
  • Part II Clause 25 (general average)
  • Part II Clause 26 (assignment and novation)
    • generally 26.1
    • owners entitled to assign 26.21–2
    • position of charterers 26.2–16
      • absence of consent 26.11–15
      • no prohibition on other employment 26.16
      • not to be unreasonably withheld 26.7–10
    • sale of vessel 26.17–20
  • Part II Clause 27 (performance guarantee)
    • a form acceptable to the owners 27.7–8
    • guarantee 27.9–10
    • introduction 27.1
    • nomenclature 27.4–5
    • on demand bonds or guarantees 27.11–13
    • quality of security 27.6
    • relevant entity 27.2
    • relevant legal principles 27.3
  • Part II Clause 28 (anti-corruption) 28.1–2
    • application to negotiations 28.6
    • compliance with legislation during performance 28.3
    • consequences of breach 28.4–5
  • Part II Clause 29 (sanctions and designated entities) 29.1
    • additional protections 29.9–11
    • owners’ and charterers’ warranties 29.6–8
    • scope and application 29.2–5
  • Part II Clause 30 (requisition/acquisition)
  • Part II Clause 31 (contractual rights of termination)
  • Part II Clause 32 (repossession)
    • application 32.1–2
    • authorised representative 32.21–2
    • nature of charterers’ obligations 32.7–16
    • nature of charterers’ possession 32.17–20
    • time and place of repossession 32.3–6
  • Part II Clause 33 (dispute resolution)
    • arbitration under LMAA full terms 33.6–19
    • BIMCO Dispute Resolution Clause 2017 33
    • challenging the award 33.27–30
    • commencement of London arbitration 33.24–6
    • introduction 33.2–1
    • LMAA Intermediate Claims Procedure 33.22–3
    • LMAA Small Claims Procedure 33.20–1
    • choice of London arbitration under English law 33.3–5
    • mediation 33.31–3
  • Part II Clause 34 (notices) 34.1–6
  • Part II Clause 35 (partial validity) 35.2
  • Part II Clause 36 (entire agreement) 35.3–5
  • Part II Clause 37 (headings) 35.6–10
  • Part II Clause 381 (singular/plural) 35.11
  • Part III (newly built vessels)
    • cancellation 36.40–1
    • construction stage 36.8–21
      • constructed in accordance with shipbuilding contract 36.11–13
      • inspect construction of vessel 36.20–1
      • provision of shipbuilding contract 36.8–10
      • variations 36.14–19
    • delivery
      • claims against vessel 36.33
      • deliverability under Part III Clause 2(a)(i) 36.30–1
      • deliverability under shipbuilding contracts 36.25–9
      • expedited pre-delivery 36.32
      • introduction 36.22–4
    • delivery and delay under shipbuilding contract 36.34
    • introduction 36.1–7
    • liability for delay 36.36–7
    • liquidated damages for physical defects or deficiencies 36.42
    • overall scheme 36.35
    • owners’ liability for breach of shipbuilding contract leading to no delivery 36.38–9
    • shipyard guarantee/warranty of quality 36.43–6
  • Part IV (purchase option)
  • partial validity (Clause 35) 35.2
  • passenger tickets 12.28–9
  • payment
    • commencement of obligation to pay charter hire 15.2–3
    • final payment of hire 15.33
    • how payment must be effected 15.14–16
    • interest on unpaid hire 15.32
    • lump sum 15.9–13
    • nature of obligation to effect timely payment 15.19–23
    • non-payment of hire 31.5–7
  • performance guarantee (Clause 27)
  • performance of the charterparty
    • compliance with anti-corruption legislation during 28.3
  • physical defects or deficiencies 36.42
  • place of delivery 3.20–3
  • place of redelivery 10.25–29
  • place of repossession 32.3–6
  • position of charterers 26.2–16
  • position of mortgage 16.10–11
  • position vis-à-vis third parties I.12
  • pre-delivery arbitrations 36.32
  • preservation of vessel as asset of owners 19.20–3
  • price 9.11–12
  • priorities
  • prohibition on other employment 26.16
  • proprietary nature of a bareboat charter III.342–7
  • purchase option (Part IV)
  • purpose of owners’ inspections 14.5–8
  • quality
  • quantum meruit 11.29–35
  • radioactive products or waste, prohibition on carriage of 11.25
  • rate of hire 15.4–8
  • readily accessible berth or mooring 3.20–3
  • reasonable notice 14.3–4
  • reasonable time 6.12–15
  • redelivery See also surveys on delivery and redelivery (Clause 7)
    • condition on redelivery 10.38–77
      • Class certificates 10.62–3
      • fair wear and tear 10.39–57
      • measure of damages for breach of obligations of condition 10.64–77
      • relationship with Clause 13 10.58–61
    • notices of redelivery 10.30–37
    • place of redelivery 10.25–29
    • time and place of redelivery 10.2–24
  • regulatory requirements, new 13.17–23
  • reimbursement 18.9–10
  • release vessel from arrest 22.46–54
  • relevant entity 27.2
  • relevant legal principles
    • performance guarantee 27.3
  • relief against forfeiture 31.52–3
  • remedies
    • against charterers for failing to incorporate required clauses 12.30–1
    • availability of equitable remedies I.12
    • for breach of Clause 11 11.26–37
  • remoteness 22.27–32
  • repairs (Clause 18)
    • breach of 18.19–24
    • insured repairs 18.2–10
      • right of reimbursement under owners’ insurance 18.9–10
      • under earlier iterations of BARECON 18.5–8
    • introduction 18.1
    • time for repairs 18.15–18
    • uninsured repairs 18.11–14
  • repossession
    • Clause 32
      • application 32.1–2
      • authorised representative 32.21–2
      • nature of charterers’ obligations 32.7–16
      • nature of charterers’ possession 32.17–20
      • time and place of repossession 32.3–6
    • contractual rights of termination 31.54–5
  • requisition/acquisition (Clause 30)
  • responsibility
    • Master and Crew I.12
  • revised delivery date 5.16–22
  • rights
  • risks to be insured against by parties 17.25–6
  • sale of the vessel 26.17–20
  • salvage (Clause 23) 23.1–8
  • sanctions and designated entities (Clause 29) 29.1
  • scope
    • Designated Entities Clause 29.2–5
    • familiarisation 6.6–11
  • seaworthiness 3.5–11
  • security, quality of 27.6
  • set-off
  • shipbuilding contract
    • constructed in accordance with contract 36.11–13
    • deliverability under 36.25–9
    • delivery and delay under 36.34
    • inspect vessel during construction 36.20–1
    • liaise and cooperate in all matters 36.16–19
    • provision of 36.8–10
    • variations 36.14–15
  • shipyard guarantee/warranty of quality 36.43–6
  • signature of bills of lading or other documents
    • indemnity against consequences or liabilities arising from 22.42–5
  • singular/plural (Clause 38) 35.11
  • Small Claims Procedure, LMAA 33.20–1
  • specifications
    • newly built vessels 36
  • statutory implied terms I.12
  • sub-charter 26
  • sub-charterers
  • subject matter of lien 20.23–6
  • surveys on delivery and redelivery (Clause 7)
    • basic provision 7.1–3
      • alternatives to Clause 7 7.14–17
      • effect of agreement between surveyors as to condition 7.10–13
      • sources of conflict at time of surveying vessel 7.4–9
    • divers’ inspections 7.18–22
  • technicality anti-technicality provision
  • termination See also cancelling/termination; contractual rights of termination (Clause 31)
  • terms and conditions
  • third parties
    • claims against 19.24–7
    • position vis-à-vis I.12
  • time See also time for delivery (Clause 4)
  • time for delivery (Clause 4) 4
    • breach of notice provision 4.18–26
    • cancelling 5.16–22
    • newly built vessels 36.34–37
    • notices 4.5–14
      • approximate notice of delivery 4.7–10
      • definite notice of delivery 4.11–14
    • vessel employed consistently with any notices given 4.15–17
    • window for delivery 4.1–4
  • title, priority over 21.36
  • tortious and other rights and liabilities III.348–50
  • total loss (Clause 19)
    • actual total loss 19.4–5
    • agreed or compromised total loss 19.10
    • charterers’ liability for damages 19.11–14
    • claims against third parties 19.24–7
    • constructive total loss 19.6–9
    • definition 19.3
    • execution of documents 19.28–9
    • insurance 19.15–16
    • introduction 19.1–2
    • notification 19.17–19
    • preservation of vessel as asset of owners 19.20–3
  • trading restrictions (Clause 11)
    • breach or infringement of laws and regulations 11.24
    • employment in conformity with terms of contracts of insurance 11.15–23
    • failure to comply with 31.8–12
    • introduction 11.1–3
    • lawful trades … lawful merchandise 11.4–13
    • nuclear fuels or radioactive products or waste 11.25
    • remedies for breach of 11.26–37
    • trading limits states in Box 14 11.14
  • triggers

    • Page 387
  • uninsured repairs 18.11–41
  • unpaid hire, interest on 15.32
  • unreasonably withheld 26.7–10
  • use of bareboat charter
    • finance leases II.4–8
    • historical overview II.1–3
    • operating charters II.9–11
  • use of vessel, depriving of 31.24–6
  • use of vessel’s outfit and equipment 13.40–2
  • value See agreed value
  • vessel
  • waiver 31.47–51
  • warranty
    • that owners and charterers are not designated entities 29.6–8
    • shipyard guarantee/warranty of quality 36.43–6
    • that vessel is and will remain free of mortgages 16.3–5
  • war risks 11.19–23
  • wear and tear
  • wreck removal (Clause 24) 24.1–4
  • written notice 2.4–9
  • wrong party
    • cargo claimant sues wrong party 12.10–18

The rest of this document is only available to i-law.com online subscribers.

If you are already a subscriber, click Log In button.

Copyright © 2026 Maritime Insights & Intelligence Limited. Maritime Insights & Intelligence Limited is registered in England and Wales with company number 13831625 and address 5th Floor, 10 St Bride Street, London, EC4A 4AD, United Kingdom. Lloyd's List Intelligence is a trading name of Maritime Insights & Intelligence Limited.

Lloyd's is the registered trademark of the Society Incorporated by the Lloyd's Act 1871 by the name of Lloyd's.