The GENCON (General Charter Conditions) charter party is the most common standard voyage charterparty form used worldwide. Gencon first issued in This document is a computer generated GENCON form printed by Charter Party about the date indicated in Box 9, and the party mentioned as the. 5 . Uniform General Charter, or “GENCON”, is the standard form voyage charterparty most commonly used worldwide. GENCON was first issued by BIMCO in
|Published (Last):||4 October 2017|
|PDF File Size:||19.12 Mb|
|ePub File Size:||12.68 Mb|
|Price:||Free* [*Free Regsitration Required]|
The following paety contributed to such turn:. As a general rule, all the details which will eventually be inserted in the boxes of Part I of the charter-party are negotiable, and most will feature at some stage in the offers and counter-offers which are traded back and forth during the negotiations.
Then comes the all-important clause setting out the rate of freight including how, when and where it is to be paid.
Get the latest updates first. So clauses 5, 6 and 7 cover this dispute-prone area of time in port. Another clause which is extended in Gencon 94 is the lien clause which now includes also the lien on sub-freights to cover the cases the vessel is sub-chartererd.
Subscribe to our blog articles Analytics, inspiration and fresh ideas for ship chartering community. Dry gencno Gas cargoes Liquid cargoes.
It must be remembered genncon all charter parties emerge from negotiations between Owners and Charterers, usually through one or more brokers, and the resulting agreement may well require amendments to some of the printed clauses.
The GENCON charter party only envisages a situation where the shippers pay for the loading and the consignees for the discharging.
Along with the payment of freight upon delivery, which existed in previous revisions, are the two payment options which apply in Gencon Search everywhere Search cnarter section Vessels for sale Search in section Types of vessels Search in section Terms Search in section Proformas of contracts.
General average clause has also been updated to include the place of GA adjustment London unless otherwise agreed and basis the charer York-Antwerp Rules Next, there are boxes in which to enter the names of the parties and of course, the name of the ship details of its registered tonnages, dead weight, and any other characteristics important to the fixture, gehcon example cubic capacity or perhaps the size of the hatches. TBN Multipurpose auxiliary offshore vessel built in in China.
Since the Gencon 76 and the Gencon 94 are the most used forms, here, we will focus on these two versions and will discuss the terms that make Charterers and Owners have a strong preference of one form over the other. Therefore, without any specific clause in place, if demurrage was not paid after proper notices had been gejcon, owners ran the risk of not being able to recover their money.
The main Gencon forms which may create a dispute
As mentioned earlier, Gencon is the most used voyage charter party worldwide. If, however, an owner gives an expected readiness for box 9 and then subsequently takes on some intervening business which makes the ship much later than originally intended, he is guilty of misrepresentation.
In addition, as the GENCON is designed for non-specialised trades, both parties to the contract may well insist on certain additional clauses particular to their requirements to be attached to the standard form. Some loading or discharging berths, especially those in tidal rivers where small coasters regularly load; do not have enough water alongside at low tide to allow ships to remain afloat. In extreme cases, such misrepresentation could be grounds for the charterer to cancel the contract, and the date when this could take effect is shown in box These are known as FIO terms free in and out implying that both loading and discharging operations are free of expense to the shipowners.
A crucial point in connection with the freight is the question of which party should be responsible for the costs and risks of loading and discharging the cargo. With this change, the clause is less wide and the chances for a strike or lock-out to fall within this generic exclusion are definitely less than in Gencon Since the Gencon 94 is a revision of Gencon 76, in order to see their differences one needs to focus on the amendments incorporated with the revision. Built in in China. Linked to when time commences to count and the amount of time allowed for loading and discharging is the penalty for exceeding the agreed limits.
TBN Self-propelled split hopper barge built in Romania. The following have contributed to such turn: Note also from the printed clause that the Owners expect the charterers to be responsible for putting right any stevedore damage noted by the Master during cargo handling operations. It is a general purpose agreement for the services of a ship in exchange for freight and can be used in a variety of trades.
Agree with terms and conditions. The options in the printed clause 4 need to be carefully considered in conjunction with these details. Despite the fact that such revisions were necessary in order for the terms to be updated in line with the standard shipping practices, each revision also included a few changes which, in fact, amended the rights and responsibilities of the parties, creating a dispute between the Owners and Charterers on which form is fairer.
Therefore, Charterers are now ultimately responsible for loading, stowing, trimming and discharge charger the cargo. A word of which the precise definition is almost lost in genxon but for our purposes refers to the time allowed for loading, respectively discharging.
Prepayment of freight is incorporated in Gencon Indemnity for excess liabilities arising under the bills of landing. The sum negotiated for this is inserted in box 20 and governed by clause 7. Because of the imponderables in time for merchant ships there is usually a span of some days between which the vessel may be presented for loading.
Just place your open inquiries and find suitable positions. Dry cargoes Liquid cargoes Gases. Get started for free. Payment of freight clause 4 has been amended as well, so as to include also the option of prepayment payment upon shipment instead of payment on delivery only which was included in the Gencon A ship is only earning income when she is on the move, not when she is lying idle in a port.