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INVITATION TO BID AND TERM OF REFERENCEINVITATION TO BID AND TERM OF REFERENCE (TOR) Mid-Term Time Charter Vessel Procurement 1(one) Unit Small I LPG/C Pressurized Layman 22 24 September 2018 No.

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How to fill out mid term time charter

01

Determine the specific start and end dates for the mid term time charter.

02

Agree on the charter rate and payment terms with the other party.

03

Review and negotiate the terms and conditions of the charter agreement.

04

Fill out the necessary documentation accurately and completely.

05

Have both parties sign the charter agreement and retain copies for your records.

Who needs mid term time charter?

01

Shipping companies or vessel owners who want to lease their vessel for a specific time period.

02

Companies or individuals who need to transport goods or materials and prefer to lease a vessel rather than own one.

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What is mid term time charter?

A mid term time charter is a contract for the hire of a vessel for a specific period of time, typically between 6 months to 2 years.

Who is required to file mid term time charter?

The party responsible for the vessel, such as the owner or operator, is required to file the mid term time charter.

How to fill out mid term time charter?

The mid term time charter should be filled out by providing details of the vessel, the duration of the charter, the agreed upon rates, and any other relevant terms and conditions.

What is the purpose of mid term time charter?

The purpose of a mid term time charter is to establish a contractual agreement for the hire of a vessel for a specific period of time.

What information must be reported on mid term time charter?

The mid term time charter should include information about the vessel, the duration of the charter, the rates, and any other relevant terms and conditions.

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