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
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As mentioned earlier, Gencon is the most used voyage charter party worldwide. Dry cargoes Gas cargoes Liquid cargoes.
GENCON Charterparty | Handybulk Shipping
Therefore, without any specific clause in place, if demurrage was not paid after proper notices had been given, owners ran the risk of not being able to recover their money.
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 chartwr differences one needs to focus on the amendments incorporated with the revision.
Get started for free. Boxes 10, gsncon and 12 take us to the loading and discharging ports and the type and quantity of cargo to be loaded. The following have contributed to such turn: So clauses 5, 6 and 7 cover this dispute-prone area of time in port. Payment of freight clause cnarter 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 Finally, the War Risks clause has chsrter updated with the standard Voywar Built in in China.
Dry cargoes 40 Gas cargoes 1 Liquid cargoes 6. TBN Multipurpose auxiliary offshore vessel built in in China. Boxes 8 and 9 should not be overlooked; they describe the position of the ship relative to this particular charter. It will be much faster, convenient and will avoid manual typing errors or omissions. Due to this same reason, Owners usually prefer to go with the Gencon 94 form. 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.
Gencon 94 removes any such limitation and the parties can claim any and all damages they may have. A shipowner is, therefore, anxious to keep the time spent in loading and discharging to a minimum. Voyage charters Dry cargoes 34 Liquid cargoes 4 Gases 2. Additional boxes which have been inserted in Gencon 94 refer to: If the ship is fixed for loading or discharging at such a paryy, this must be specifically agreed in the charter party, otherwise the Owners have every right to refuse to put their vessel there.
Whilst some completely new chartre have been incorporated into the Gencon 94, only one clause of Gencon 76 has been deleted, i. General average clause has also been updated to include the place of GA adjustment London unless otherwise agreed and basis the updated York-Antwerp Rules Therefore, which of the two charter parties will be used is usually a point of negotiation between the parties.
Tanker barges Dry cargo barges Hopper barges Barge with ramp Sea non-selfpropelled barges Ccharter barges.
In addition there are many ways in which laytime can be expressed. Search everywhere Search in section Vessels for sale Search in section Types of vessels Search in section Terms Search in section Proformas of contracts. Like what you’re reading?
It must be remembered that 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.
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.
Gencon first issued in and then revised twice: Gencon 94 vs Gencon 76 — Differences chwrter Part I Since the Gencon 94 is a revision of Gencon 76, in order to see their differences one needs to focus on the amendments cjarter with the revision. Under English law the timely payment of demurrage is not always considered as an essential part of the charter party. 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.