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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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Igor Sterzhantov s.r.o. | Attorney Advertising

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Igor Sterzhantov s.r.o. on:

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