Time Charter Firm Offer Example

Main terms of a firm offer at a Time Charter:

• Reply by: (place and time limit) • For account of: (name and background of charterers) • The ship's name and particulars: (description) • Name of shipowner: (full style) • Delivery: (when/where ready, arrival pilot station - aps or passing "x") • Laydays/ Laycan: • Duration: • Trading area: (e.g., worldwide, Atlantic Basin) • Intended trade: • Cargo and trading exclusions: • Hire rate: (daily, per metric ton - pmt, lump sum; when, where, and how paid) • Redelivery: (when/where ready, dropping outwards pilot - dop or passing "x") • Commissions: (address/brokerage) • Charter party form to be used • Subjects: (detail/stem/shippers' -receivers' approval/owner's- charterer's board of directors' approval)

Time Charter Example:

Owners would like to offer firm for reply today, March 30, 2022, 09:00 HRS London time as follows:

• MV HANDY HANDAN (built, type, class, flag, etc.) • Account: Cargill • Owners: HandyBulk LLC • Delivery: AFSPS Piraeus ATDNSHINC • Laycan: May 15-30,2022,00:01-23:59 HRS LT • Period: 1 year T/C, always within thirty days MOL INCHOP • Trading: Worldwide Trading and always within INL, via GSP(s), GSB(s), GSA(s), AAAA. • Trading and cargo exclusions to be discussed and mutually agreed with c/p details • Intended Trade: Atlantic Ports WOG • Hire Rate: $15,000 PDPR • Commissions: 2.5% Address Commission + 1.25% NYS • Redelivery: DLOSP 1 SP ARAG range • All other terms and conditions to be discussed and mutually agreed as per Cargill pro forma/executed c/p dd 06.30.2020 • Subjects (detail/stern/shippers-receivers’ approval/owner’s- charterer’s board of directors’ approval)

This example of a firm offer for a time charter concerns the MV HANDY HANDAN for delivery upon Arrival at the First Sea Pilot Station (AFSPS) in Piraeus Any Time of Day and Night, Sundays and Holidays Included (ATDNSHINC).

The arrival is estimated May 15-30, 202022. The charter period is one year, always within thirty days More or Less (MOL) In Charterers’ Option (INCHOPT).

The ship may trade worldwide within International Navigating Limits (INL), via Good Safe Ports (GSP), Good Safe Berths (GSB), and Good Safe Anchorages (GSA), Always Accessible and Always Afloat (AAAA).

Potential trading exclusions and cargo exclusions must be mutually discussed between the parties and agreed in the Charterparty.

The intended trading of the MV HANDY HANDAN is in the Atlantic Ocean With-out Guarantee (WOG), and the hire rate is $15,000 Per Day Pro Rata (PDPR).

Commissions payable by the shipowner are 2.5% Address Commission (ADDCOM) and 1.25% shipbrokerage to NYS.

Redelivery of the ship to take place upon Dropping the Last Outward Sea Pilot (DLOSP) in a safe port in the Antwerp-Rotterdam-Amsterdam-Ghent (ARAG) range.

All other terms and conditions to be discussed and mutually agreed as per the Pro-Forma Charterparty. The firm offer is subject to details, including Subject To Enough Merchandise (STEM), shippers’ and receivers’ approval, and the approval of the board of directors of the charterer.

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Trip Time Charter Firm Offer Example 1

 

Trip Time Charter Firm Offer Example 2

ACCT: HandyBulk RQ: Supramax - Ultramax LAYCAN: 09-14 JUNE DELY: APS KAKINADA RE-DELY: W.AFR PICO (NON HRA) 1TCT WITH H'LESS BAGS DURATION: ABT 60-65 DAYS WOG 3.75 PCT ADCOM HERE

Trip Time Charter Firm Offer Example 3

ACCT: HandyBulk 50K – 55K DWT Cargo: Bulk Agris Delivery: ECSA Redelivery: Dakar-Nouakchott Range Laycan:  26-30 June 2023 Duration: abt 30-35 days 3.75 PCT ADC

Trip Time Charter Firm Offer Example 4

-ACCT: HANDYBULK -NEED SMX OR UMX, VESSEL CRANE UPTO 30MT -LAYCAN: 25TH MAY-5TH JUNE,2023 -DEL 1SP THAILAND TO SOUTH CHINA RANGE -DURATION: 70 DAYS WOG -INTEND TO TRANSPORT STEEL CARGO FROM SOUTH EAST ASIA AND FAR EAST TO US GULF -REDEL 1SP TAMPA TO VERACRUZ RANGE -NYPE 93 -ADD 3.75%

Trip Time Charter Firm Offer Example 5

ACCT: HandyBulk 60K – 65K dwt Cargo: Fertilisers Delivery: W. Med / Gib Redelivery: East Africa Laycan: 26 May - 5 June 2023 Duration: abt 35 days wog 3.75 PCT ADC

Trip Time Charter Firm Offer Example 6

ACCT: HandyBulk 47/63K DWT/GRD/GRABS-MAX 25 YRS DELY APS SALALAH 20/25 JUNE TCT WITH BLK HMLESS MINERALS REDELY VIETNAM 2.5PCT ADD PAST H-CHART CAN DO VOYAGE RELET CAN DO 2/3 LL FOR THE RIGHT VESSEL

Period Time Charter Firm Offer Example 1

ACCT: HandyBulk 20/35,000 dwt, max 30 yrs old, grd Del Med / Bsea range Laycan Ppt/Onw Dur abt 1 year Nype 3,75 ttl comm

Period Time Charter Firm Offer Example 2

- ACCT HANDBULK - HANDYMAX/TRY SUPRAMAX - LAYCAN: 30 JUNE ONW - DELY: EMED - RE-DELY: WW - DURATION: ABT 12 MONTHS - 3.75 PCT ADCOM HERE

Period Time Charter Firm Offer Example 3

ACCT HANDBULK SD/BOX TYPE MAX 20 YEARS OLD GRAB-FITTED DEL: MED – CONT RANGE 45 /50.000 DWAT MIN 6 MONTH – UP TO 1 YEAR RDEL: WW LAYCAN : MAY/JUNE 3,75 TTL ADD COMM

Period Time Charter Firm Offer Example 4

ACCT HANDBULK DEL: WCI/ PG RANGE REDEL: WW DWT: 40,000 MT - 60,000 MT DWT GEARED/GEARLESS WORKABLE CARGO: HARMLESS BULK CARGO DURATION: 6 + 6 MTHS LAYCAN : PROMPT ADCOM: 3.75%

Period Time Charter Firm Offer Example 5

ACCT HANDBULK SUPRA/ULTRA MAX 25 YEARS OLD GRAB-FITTED DEL: CONTINENT UP TO 1 YEAR RDEL: WW LAYCAN : JUNE ONW 3,75 TTL ADD COMM

Period Time Charter Firm Offer Example 6

ACCT: HANDYBULK 30/35,000 DWT GRD DEL SINGAPORE/ JAPAN RANGE LAYCAN PPT/ONW DUR ABT 1 YEAR NYPE 3,75 TTL COMM

 

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