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BIMCO STANDARD CONTRACT OF AFFREIGHTMENT FOR DRY BULK CARGOES CODE NAME GENCOA 1. Shipbroker PART I 2. GENCOA Standard Contract of Affreightment Terms a The total quantity to be shipped shall be within the limits and at the option of the party stated in Box 8. Place and date of Contract 3. Ow ners indicate name address and telex number 4. Charterers indicate name address and telex number 5. Description of Cargoes Cl* 1 7. Discharging Port s or Range s Cl* 1 8. Total Quantity /Number of...

How to fill out affreightment contract form

How to Fill Out a Contract of Affreightment?

1. Start by gathering all necessary information: To fill out a contract of affreightment, you will need to collect relevant details about the parties involved, such as their names, addresses, and contact information. Additionally, gather information about the cargo being transported, including its quantity, type, and any specific requirements.
2. Define the terms and conditions: Clearly outline the terms and conditions of the contract, including the duration of the agreement, the agreed upon freight rate or payment terms, liability and insurance provisions, and any additional clauses specific to the cargo or transportation method.
3. Specify the responsibilities of each party: Clearly define the responsibilities of the shipper/consignor and the carrier, including loading and unloading procedures, packaging requirements, and any required permits or documentation. It is crucial to include any special instructions or considerations to ensure smooth operations.
4. Include dispute resolution mechanisms: To protect both parties, it is important to include mechanisms to resolve disputes that may arise during the execution of the contract. This could involve specifying arbitration or mediation procedures, or the jurisdiction under which any legal action would be taken.
5. Review and finalize the contract: Carefully review the contract to ensure accuracy and coherence. Make sure all parties involved have agreed to the terms and conditions, and that any necessary signatures are obtained. It is recommended to seek legal advice or consult with professionals experienced in contract law before finalizing the document.

Who Needs a Contract of Affreightment?

1. Shipping Companies: Shipping companies, both large and small, often require contracts of affreightment to establish legal agreements with cargo owners or shippers. These contracts ensure that both parties are protected, and provide a clear framework for the transportation of goods.
2. Cargo Shippers: Individuals or companies looking to transport their goods by sea, river, or inland waterways may require a contract of affreightment. This contract ensures that their cargo is transported safely, efficiently, and in accordance with their specific requirements.
3. Freight Forwarders: Freight forwarders, acting as intermediaries between shippers and carriers, may utilize contracts of affreightment to facilitate the transportation of goods. These contracts help establish responsibilities and obligations between the different parties involved.
4. Logistics Providers: Companies specializing in logistics services may require contracts of affreightment to formalize their agreements with shippers or carriers. These contracts help outline the terms and conditions of transportation and provide legal protection to all parties involved.

In summary, filling out a contract of affreightment involves gathering necessary information, defining terms and conditions, specifying responsibilities, including dispute resolution mechanisms, and finalizing the document. This contract is necessary for shipping companies, cargo shippers, freight forwarders, and logistics providers to establish legal agreements and ensure smooth transportation operations.

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What is affreightment contract?

An affreightment contract is a legal agreement between a shipowner and a shipper, outlining the terms under which cargo will be transported by sea.

Who is required to file affreightment contract?

Typically, the shipper or freight forwarder is required to file the affreightment contract with the relevant authorities.

How to fill out affreightment contract?

To fill out an affreightment contract, you need to provide information such as the names of the shipper and shipowner, details of the cargo, shipping routes, and payment terms.

What is the purpose of affreightment contract?

The purpose of an affreightment contract is to establish clear terms and conditions for the transportation of goods, ensuring both parties understand their rights and responsibilities.

What information must be reported on affreightment contract?

The information that must be reported on an affreightment contract includes the names of the parties, description of the cargo, shipping dates, terms of payment, and any specific conditions or instructions.