Charterparties 3 Main Parts:
- Main Terms
- Rider Clauses
- Preamble: This is just a general outline to the charterparty and includes:
- Place where the contract is made: This is essential because, in the absence of a clause to the contrary, any disputes arising under the charter will be settled according to the law of the country where the contract is made. This is not usually the business abode of the principals concerned but very often the country where the principal broker carries out his business.
- Date of charterparty : This is the date when the negotiations are concluded i.e. all ‘subjects’ are lifted.
- Names and addresses of the contracting parties.
- The name of the ship: In chartering, the ship’s name is always on the charterparty and no substitutions are allowed unless agre
- Main Terms: – these are printed clauses which differ between varying types of charterparty, depending on the trades for which they are used. Much of the negotiation between owners and charterers is concentrated on which words to delete from the printed clauses, to be replaced by Rider Clauses (see below).
- Details or ‘Rider Clauses’: which have been specifically ag If there is any conflict with the printed words in the Main Terms, the Rider Clauses will always prevail. These Rider Clauses can be very many or just a few, depending on the nature of the trade and on the type of charter, the relationship between the parties and the necessity to alter the printed clauses.