Time Charter. Description of the vessel

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Description of the vessel, naturally, is very important to both sides of charterparty contract, because it outlines particulars and characteristics of the subject-matter of contract. Therefore charterers have a right to insist on punctual compliance with these provisions. In their turn the shipowners must tender the actual ship as per description in charter and, in the absence of a clearly drafted substitution clause, they are neither bound nor entitled to tender another ship.

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