Charter Party

TECHNOLOGICAL UNIVERSITY OF PANAMA

REGIONAL CENTER PANAMÁOESTE

FACULTY OF CIVIL ENGINEERING

LIC. MARITIME AND PORT OPERATIONS

II SEMESTER

MARITIME BUSINESS COURSE II

TOPIC:

CHARTER PARTY

DESIGNED FOR:

CESAR DIAZ

PRESENTED BY:

HERRERA, IRVIN

KENNION, KADIR

VIVERO, ERIKA

DATE

NOVEMBER 7, 2013.

INTRODUCTION

We will know in the nineteenth century as the need arises to unite a global document for better communication, and then know as it developed a centralized system.

Explain that it is a charter party, which is a document that records the agreement between a shipowner and a charterer for the carriage of certain goods and which must set out the terms of that contract.

We also visit the various charter parties such as:

Time charter

Voyage charter

Bareboat charter.

CHARTER History

Nineteenth Century: The ship dueos entirely trust their captains and the scheme was decentralized by the lack of good communications. The same charges were dueos of shipowners and vessels were not very expensive (wood hull).

TWENTIETH CENTURY: Since ships are iron / steel and formed the POOL (group of investors) to finance and pay for the purchase of a boat .With improved communications, the system becomes more centralized.

The charter is consensual contract does not require formalities for perfection. However, traditionally always been verified originally written in books and then ship specific documents as "letters - headings' , signed in duplicate and modern history of the charter party .

This evolution culminated in the French Ordinance colbertina , derives the current regulation in Articles 652 et seq . of C. C. , under which the policy is set as the document that , having spread in duplicate , signed by the parties, will contain personal items ( shipowner, charterer and master ) , real ( against the vessel and its place , loading and freight) and circumstantial ( of place, time , etc. . ) such as loading and unloading ports , stays and demurrage, etc. .

In our legal coexist charter party and bill of lading , with a common tendency to carry out the transport but different specific purposes , while the charter is a typical expression of the charter and its conditions , knowledge of merely reveals shipment receipt of the goods and the consequent obligation to deliver it to the destination .

The charter would be one of the oldest legal institutions , dates back to Babylonian law .

The primary purpose of the ship is obviously the transport of persons and goods by sea , whether goods or dependents own owner thereof, or other persons to whom it provides such a service with his ship.

Most often, the owner and operator of the ship engaged in foreign transport operations , either by making it available to interested parties for them to use in carrying out these operations, or without delivering the ship , merely collect the goods delivered by the senders in the port of loading for transport to the port of destination and deliver them to their respective consignees .

In practice, all foreign shipping goods made in the interest of third parties given the generic name of charter, thereby making it somewhat difficult to define this contract in the absence of a univocal concept of such expression , broadly equivalent to shipping, which in principle can be defined by saying that it is the shipping contract .

But , however , it is necessary to be more specific , and under this broad sense, we must distinguish three quite different concepts , namely the lease or rental of vessel, the charter itself, and the transport of goods by sea.

CHARTER Party

Document which set out the agreement between a shipowner and a charterer for the carriage of certain goods and which must set out the terms of that contract.

There are various policies as MEDCON ( for

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