CHARTER PARTIES

GENCON Charter Party

(Click on GENCON to see the comments made by Bimco)

Note
The description of the voyage charter agreement GENCON is taken as a reference; and where appropriate or necessary clauses from other charter parties will be quoted.

Introduction

CLAUSE 1

It is agreed between the party mentioned in Box 3 as the Owners of the Vessel	1
named in Box 5, of the GT/NT indicated in Box 6 and carrying about the number	2
of metric tons of deadweight capacity all told on summer loadline stated in Box	3
7, now in position as stated in Box 8 and expected ready to load under this	4
Charter Party about the date indicated in Box 9, and the party mentioned as the	5
Charterers in Box 4 that:	6
The said Vessel shall, as soon as her prior commitments have been completed,	7
proceed to the loading port(s) or place(s) stated in Box 10 or so near thereto as	8
she may safely get and lie always afloat, and there load a full and complete	9
cargo (if shipment of deck cargo agreed same to be at the Charterers' risk and	10
responsibility) as stated in Box 12, which the Charterers bind themselves to	11
ship, and being so loaded the Vessel shall proceed to the discharging port(s) or	12
place(s) stated in Box 11 as ordered on signing Bills of Lading, or so near	13
thereto as she may safely get and lie always afloat, and there deliver the cargo.	14

Each charter party starts with an introduction in which the contracting parties and the most important elements of the agreement are presented.

The modern GENCON charter party in box layout has, as already mentioned, two parts, viz. part I, the box part that contains all the details of the ship and the voyage and part II, the text part with the printed clauses, which contain the terms and conditions, which were agreed between the parties.

The elements which are to be taken into consideration in clause 1 of the GENCON charter party (box layout) are:

-   the name and the address of the contracting parties (box 3 and 4);
-   the name and a short description of the ship (box 5, 6 and 7);
-   the position of the ship (box 8);
-   the date the ship is expected to load (box 9);
-   the loading and charging ports or places (box 10 and 11);
-   the cargo (box 12);
-   the freight (box 13 and 14);

Other important particulars are:

- the name and the address of the Shipbroker (box 1);
- the date and the place where the charter party was concluded (box 2).

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