2024 Charterers option meaning

Charterers option meaning

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August undefined, 2024

WebApr 6, 2024 · C. CHOPT (Charterer's option) < Back to Glossary Index. If the charterers have an option to nominate any detail in a charter, for example, the “tolerance” percentage of the quantity of cargo to be loaded, this abbreviation is used in fixture telexes and other … Rule 27 : Vessels not under command or restricted in their ability to manoeuvre / … WebExample: “Charterers’ agents bends” which would mean that Charterers’ agents would be responsible for vessel agency at both the load and discharge port. Bill of lading (B/L) ... The exercise of an option contained in a contract by one party to cancel, or repudiate, the contract. For example, many charter parties and other contracts of ...

Deadfreight Calculation and Example HandyBulk

Webtr.v. char·tered, char·ter·ing, char·ters. 1. To grant a charter to; establish by charter. 2. To hire or lease by charter: charter an oil tanker. 3. To hire (a bus or airplane, for example) for the exclusive, temporary use of a group of travelers. WebCharterer’s Purchase Option means the purchase option in respect of the Vessel granted to the Charterer and exercisable in accordance with and subject to clause 36 of the … flow edition

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WebJul 28, 2024 · Charterer Someone who wants to rent a ship, either to transport cargo or passengers, is called a charterer. The cargo may or may not belong to the charterer. The … Web· CHTRS = Charterers · CIF = Cost, Insurance & Freight. Seller pays all these costs to a nominated port or place of discharge. · COA = Contract of Affreightment Owners agree to accept a cost per revenue ton for cargo … WebCharter parties are charter agreements between the shipowner and the charterer, who is typically the exporter and shipper. The cargo tolerance MOLCO, MOLCHOP or … greek in fort worth

Shipping Abbreviations

WebCHOPT – Charterers Option. CHTRS – Charterers. CIF – Cost, Insurance & Freight. Seller pays all these costs to a nominated port or place of discharge. COA – Contract of Affreightment – Owners agree to accept a cost per revenue ton for cargo carried on a specific number of voyages. COACP – Contract of Affreightment Charter Party WebReversible laytime - an option given to the charterer to add together the time allowed for loading and discharging. Where the option is exercised the effect is the same as a total … greeking copy text copyWebJan 1, 2014 · The charterers instructed the vessel to proceed to New Orleans to load. Upon arrival, it was deemed by the US Coast Guard to be a “High Interest Vessel” which was a term used to describe vessels calling for the first time in America post 11th September 2001. greek infrastructure

"Web1. To grant a charter to; establish by charter. 2. To hire or lease by charter: charter an oil tanker. 3. To hire (a bus or airplane, for example) for the exclusive, temporary use of a … " - Charterers option meaning

Charterers option meaning

Webcharterers of a new readiness date and to ask whether charterers will exercise their option of cancelling the charterparty or to agree to a new cancellation date. Charterers’ option must be declared within 48 hours after receipt of owners’ notice. If charterers do not exercise their rights to cancel, the charterparty shall be WebAug 20, 2024 · There are three important elements concerning chartering: The owner: He who puts his vessel or a part of the vessel at the disposal of another party for the carriage of cargo. The charterer: He who hires the …

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WebNov 30, 2024 · MOLCHOPT = More or Less Charterers Option(to load cargo). MOLOO = More or Less Owners Option(to load cargo) MT = Metric Ton (bulk cargo are loaded in metric tonnes). M/V = Motor Vessel( term used to indicate ship) NAABSA = Not Always Afloat But Safely Aground(ports to have sufficient draft so that if its gets ground it can … WebThe charterparty is a legal contract of employing a vessel. In shipping matters, it is a highly important document since it allocates obligations, rights, duties, liabilities, risks, earnings,...

WebCrew Evaluation System Test на этой странице в сфере «Deck Operational Oil Tanker» содержит 687 вопросов, на которые надо дать ответ без возможности вернуться и изменить его, поэтому, советуем внимательно читать ... Webmeans. Charterers Option. Abbreviation is mostly used in categories: Chartering Maritime Shipping Transportation Business. Rating: 12. 12 votes.

WebDec 1, 2007 · In a recent arbitration the tribunal had to consider whether the exercise of an option of a “further 6 months in direct continuation” had been validly made and from … WebSynonyms of charter 1 : a written instrument (see instrument entry 1 sense 5) or contract (such as a deed) executed in due form 2 a : a grant or guarantee of rights, franchises, or …

WebOption allowed to a voyage charterer to load up to a certain quantity, normally expressed as a percentage or a number of tons, over or under a quantity specified …

WebCharter parties sometimes state the duration of the contract as being for a minimum or maximum period. A typical clause reads "minimum 11 months/maximum 13 months." … greeking me athens toursWebThe charterers responded that they were entitled to wait until the ship had arrived at the load port. The Court of Appeal agreed with them. The owners were bound to send the ship to the load port, and the charterers could not be called upon to exercise their option until the ship had arrived there. flow edit clipsWebTerm often found in charter parties stipulating that the charterer is to only order the vessels to ports or places where the vessel will not touch bottom, or where the … greeking for layoutsWebCharterers Option: CHTRS: Charterers: CIF: Cost, Insurance & Freight. Seller pays all these costs to a nominated port or place of discharge. CKD: Completely knocked down: COA: Contract of Affreightment – Owners agree to accept a cost per revenue tonne for cargo carried on a specific number of voyages. CIP: Carriage and Insurance paid to… flow editor javaWebWhat is MOLCHOPT meaning in Chartering? 2 meanings of MOLCHOPT abbreviation related to Chartering: Vote. 3. Vote. MOLCHOPT. More Or Less Charterers Option + 1. flow editor githubWebcharterers option. charterers: cif: cost, insurance & freight. seller pays all these costs to a nominated port or place of discharge. coa: contract of affreightment – owners agree to accept a cost per revenue ton for cargo carried on a specificnumber of voyages. coacpcob. cod. cogsa. cons. cop. cp (or c/p) cpd. cpt. cqd. crob. crn. cst. ctr greek information factsWebcharterer. noun [ C ] uk / ˈtʃɑːtərə r/ us. TRANSPORT. a person or company that rents a plane or ship: The "carrier" could refer to the owner of the vessel or the charterer, or … greek influences