GENCON is a standard voyage charter party. It is a general purpose agreement for the services of a ship in exchange for freight and can be used in a variety of. Gencon, Charter Party, Chartering agreement. and particularly known also as “ Gencon ”. Gencon, first issued in and revised in and The GENCON (General Charter Conditions) charter party is the most common Due to this same reason, Owners usually prefer to go with the Gencon 94 form.
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Privacy Statement Terms of agreement Copyright 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 Part II has more serious revisions: The following have contributed to such turn: The costs for defending a case like this alone can run into hundreds of thousands of dollars, if not exceeding a million.
This article is written by Lucien Lesuis.
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Additional boxes which have been inserted in Gencon 94 refer to: Chartering a vessel puts charterers in a position whereby they have a potential exposure to be held liable for unexpected and unforeseen incidents. So why would a charterer be exposed?
This wording was not included in Gencon 76 and gives some defense to Owners in case something goes wrong with the bill of lading holder. Contact our office in Rotterdam or in Hong Kong. Get the latest updates first.
The Risk of GENCON – Charterama
The survey showed that Gencon 94 is, by far, used more regularly than any other form. This happens for a variety of reasons such cbarter the following: Due to this same reason, Owners usually prefer to go with the Gencon 94 form. Whilst some completely new clauses have been incorporated into the Gencon 94, only one clause of Gencon 76 has been deleted, i.
A misconception is that well known ports, frequently called, are safe.
The Risk of GENCON
Built in in China. Like what you’re reading? Just place your open inquiries and find suitable positions. Unfortunately, sometimes problems do occur and in that case you need quick solutions and someone who understands you. Therefore, which of the two charter parties will be used is usually a point of negotiation between the parties. Prepayment of freight is incorporated in Gencon Charterama, with offices in Rotterdam and Hong Kong, is a specialist underwriter focused exclusively on Charterers Liability insurance and Defence FDD and related business.
The canceling clause clause 9 of Gencon 94 or clause 10 of Gencon 76 is also updated in order to give Owners the right to ask for extension of laycan if the vessel delays and avoid a long ballast leg out of the laycan.
TBN Multipurpose auxiliary offshore vessel built in in China. And your quotation and your documentation will be with you within 24 working hours, or even the same day. Here too, a simple mistake can lead to a disaster. Along with the payment of freight upon delivery, which existed in previous revisions, are the two payment options which apply in Gencon We have a dedicated team of specialists who have proven track record and a long-standing experience and reputation in Charterers Liability.
Subscribe to our blog articles Analytics, inspiration cbarter fresh ideas for ship chartering community. Dry cargo vessels 8 Tankers 3 Gas carriers 1 Ferries 1 Offshore vessels 2.
These claims can run as bad as the total loss of the vessel. Dry cargoes Gas cargoes Liquid cargoes. TBN Self-propelled split hopper barge built in Romania.
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