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.
|Published (Last):||26 April 2017|
|PDF File Size:||16.94 Mb|
|ePub File Size:||1.61 Mb|
|Price:||Free* [*Free Regsitration Required]|
This article is written by Lucien Lesuis. Ships have capsized and sunk because of shifting of cargo and charterers were held liable for it. Since the Gencon 76 and the Gencon 94 are the most used forms, here, we will focus on these two versions and will discuss the terms that make Charterers and Owners have a strong preference of one form over the other.
Contact our office in Rotterdam or in Hong Chartee. Get the latest updates first. Claims issues will be picked up without delay; you will speak directly to a specialist who knows who you are. So why would a charterer be exposed? Gencon 94 removes any such limitation and the chatrer can claim any and all damages they may have. Prepayment of freight is incorporated in Gencon On the other hand, Charterers would definitely prefer payment closest to the delivery of the cargo rather than upon its shipment as it is the case in Gencon Once in and one more time in hcarter Like what you’re reading?
Get started for free. Another problem which owners usually face is the delayed payment or the nonpayment of demurrage claims. Payment of freight clause 4 has been amended as well, so as to include also gsncon option of prepayment payment upon shipment instead of payment on delivery only which was included in the Gencon This simple abbreviation mostly used in boxes 10 and 11 in for example the Gencon xharter Charter Party makes charterers responsible for the safety of the port.
Often there is the perception that a cargo is just booked on a ship and the vessel will bring the goods to destination. Since the Gencon 94 is a revision of Gencon 76, in order to see their differences one needs to focus on the amendments incorporated with cahrter revision. Due to this same reason, Owners usually prefer to go with the Gencon 94 form. Dry cargo bencon Tankers Gas carriers Ferries Offshore vessels.
Sign up for new offers Name.
The Risk of GENCON – Charterama
Clause 12 of Gencon 76 limits the indemnity for non performance of the charter party up to the amount of estimated freight. Search everywhere Search in section Vessels for sale Search in section Types of vessels Search in section Terms Search in section Proformas of contracts. Part II has more serious revisions: Multipurpose auxiliary offshore vessel built in in China. Under Time Charter contracts these risks are generally recognised, however, under Voyage Charter contracts these risks are many times still underestimated.
This happens for a variety of reasons such as the following: Follow us on social media. Also during loading and unloading a lot can go wrong resulting in a serious damage, and albeit caused by the stevedores, the charterers will be held liable. 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.
Therefore, Charterers are now ultimately responsible for loading, stowing, trimming and discharge of the cargo. Agree with terms and conditions. Dry cargo vessels 8 Tankers 3 Gas carriers 1 Ferries 1 Offshore vessels 2. Chartering a vessel puts charterers in a position whereby they have a potential exposure to be held liable for unexpected and unforeseen incidents.
Therefore, without any specific clause in place, if demurrage bencon not paid after proper notices had been given, owners ran the risk of not being able to recover their money. The following have contributed to such turn:.
The Risk of GENCON
Under English law the timely payment of demurrage is not always considered as an essential part of the charter party. Along with the payment of freight upon delivery, which existed in previous charteer, are the two payment options which apply in Gencon Here too, a simple mistake can lead to a disaster.
TBN Multipurpose auxiliary offshore vessel built in in China. Tanker barges Dry cargo barges Hopper barges Barge with ramp Sea non-selfpropelled barges Deck barges.
However, the impact can genfon enormous and can have a devastating effect on your balance sheet or prevents you from trading if your credit lines are blocked. It will be much faster, convenient and will avoid manual typing errors or omissions. Any port in the world can become unsafe for the particular ship on charter.
BIMCO Search Results
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 A misconception is that well known ports, frequently called, are safe. These claims can run as bad as the total loss of the vessel.
Ice class equivalent to 1D. The survey showed that Gencon 94 is, by far, used more regularly than any other form. Cargo insurance Charterers Liability Hull insurance. Self-propelled split hopper barge built in Romania.
And your quotation and your documentation will be with you within 24 working hours, or even the same day. Subscribe to our blog articles Analytics, inspiration and fresh ideas for ship chartering community. 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 gncon As mentioned earlier, Gencon is the most used voyage charter party worldwide.