Time Charter Firm Offer Example

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 HANDYBULK YAGMUR (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 HANDYBULK YAGMUR 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 HANDYBULK YAGMUR 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

Account: HandyBulk
Requirement: Supramax – Ultramax
Delivery: West Africa (WAFR)
PPT (Prompt) Onwards – 30th June
1 TCT (Time Charter Trip) with bulk harmless cargo for duration abt 35 days
Redelivery: Baltic – Conti (Continent) Range
3.75% ADC (Address Commission)

 

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