Get the free Time Charter Party

This document constitutes a Time Charter Party agreement made on December, 1984, between National Iranian Tanker Co. and Sahara Thunder for the charter of the vessel MT DUNE. The document outlines the terms and conditions governing the charter, including the state and capabilities of the vessel, obligations of the owners and charterers, safety management, hiring rates, and additional clauses relating to performance, operational procedures, and compliance with regulations including those...

How to fill out time charter party

How to fill out time charter party

1. Begin by entering the parties involved in the time charter party, including the charterer and the shipowner.
2. Specify the details of the vessel, including name, type, and identification number.
3. Detail the duration of the charter, including start and end dates.
4. Outline the agreed hire rate and payment terms, ensuring clarity on when payments are due.
5. Include provisions for fuel consumption, maintenance responsibilities, and any additional costs.
6. Specify the port or area of operation for the vessel during the charter period.
7. Address obligations for cargo and any loading/unloading requirements.
8. Incorporate clauses on insurance and liability for loss or damage.
9. Finalize with signatures from both parties to validate the agreement.

Who needs time charter party?

1. Shipowners who want to lease their vessels for a specified period.
2. Charterers needing to hire a vessel for transportation of goods or services.
3. Freight brokers facilitating transactions between shipowners and charterers.
4. Companies involved in shipping and logistics requiring clarity on terms of vessel use.

For pdfFiller’s FAQs

Where do I find time charter party?

It's simple using pdfFiller, an online document management tool. Use our huge online form collection (over 25M fillable forms) to quickly discover the time charter party. Open it immediately and start altering it with sophisticated capabilities.

How do I edit time charter party straight from my smartphone?

The pdfFiller mobile applications for iOS and Android are the easiest way to edit documents on the go. You may get them from the Apple Store and Google Play. More info about the applications here. Install and log in to edit time charter party.

How can I fill out time charter party on an iOS device?

Install the pdfFiller iOS app. Log in or create an account to access the solution's editing features. Open your time charter party by uploading it from your device or online storage. After filling in all relevant fields and eSigning if required, you may save or distribute the document.

What is time charter party?

A time charter party is a contractual agreement in which the owner of a vessel leases it to a charterer for a specified period of time, allowing the charterer to use the vessel for their shipping needs while the owner retains responsibility for the vessel's operation and crew.

Who is required to file time charter party?

The charterer is typically required to file the time charter party, as they are the party that engages the vessel for a specified duration and will be responsible for reporting the agreement to the relevant authorities.

How to fill out time charter party?

To fill out a time charter party, parties must include essential information such as the vessel's details, duration of the charter, agreed freight rate, terms of operation, obligations of both parties, and any additional clauses specific to the agreement.

What is the purpose of time charter party?

The purpose of a time charter party is to formalize the leasing arrangement between the ship owner and the charterer, outlining the rights, responsibilities, and financial arrangements for the use of the vessel over a specified period.

What information must be reported on time charter party?

Key information that must be reported on a time charter party includes the names of the parties involved, vessel identification, charter duration, payment terms, and any special conditions that govern the agreement.