Top Law Firm in Bangladesh

Top Law Firm in Bangladesh

Leading Law Firm in Bangladesh

Leading Law Firm in Dhaka

Standard Checklist for Shipping Contracts in Bangladesh

Bills of lading and charter parties account for the vast majority of arrangements covering the shipping of merchandise by sea. The word "charter party" derives from the Latin carta partita, which means "divided charter." It's a term that refers to three different kinds of arrangements involving the use of other people's ships. During the duration of a demise charter, the shipowner relinquishes control of the vessel to the charterer, who hires the ship's master and crew, arranges for maintenance and provisions, accepts the cargo, and behaves in much the same way as the owner.

Shipping Contracts
These are the words that should be used in a Charter Party shipping deal, if applicable.

The Vessel's Name: In the Charter Shipping contract, the name must be listed.

Period of the Charter: The voyag's length

Lay days/Cancelling: This phrase would contain both the voyage's start date and its end date.

Delivery Location: The final destination port must be specified.

Cargo history: Before embarking on the journey, it is essential to discuss the cargo's past history.

If appropriate, the location of redelivery
If necessary, bunkers on delivery and redelivery

Rate of Hire: In Bangladesh, the rate of hire, as well as the overtime work rate, must be specified in the Charter Party Shipping contract.

Owners' Payment Information: The owner's bank account information must be given.

Bunker Specifications: The bunker must have a precise design.

Product listing: A brief overview of the goods, as well as the number of items available.

Trading Limits: The voyage's limits must be stated explicitly so that the vessel does not deviate from the initial course.
Additional Provisions: All other clauses requested by the ship owner or investors in a Bangladesh Charter Party Shipping deal.

Additional provisions that should be used in a Bangladeshi shipping contract-

MASTER AND CREW: The masters and crew's powers, privileges, and responsibilities.

LIEN: Both freight, hire, sub-hire, freight, and sub-freights are responsible to the Owners for any sums owed by the Charterers.

PERFORMANCE OF THE VESSEL: The owners warrant that the vessel is and will remain capable of sustaining speeds and bunker usage for propulsion in regular operating conditions and in mild weather conditions during the Charter term.

OFF-HIRE: It should be noted that the Vessel is off-hire if there is a lack of time resulting from or in accordance with the Vessel's inability to comply with Charterers' orders (whether by delay or decrease of the Vessel's facilities or in some other way).

SUB-LET: Without direct written consent from the Owner, charterers can not sublet the vessel.

BUNKER SURVEYS: It should be remembered that charterers have the right to have their agent (which includes any independent surveyor named by charterers) audit the vessel and/or monitor freight activities and/or assess the quantity and condition of cargo, water, and residues on board, including the processing of cargo samples, assessments, etc., on their own time and cost.

OUTBREAK OF WAR: During the time of the Charter Party, either party should be able to revoke the Agreement if war or wars
 broke out.

DAMAGE: During the time of the Charter Party, either party should be able to revoke the Agreement if war or wars broke out.

LAW: It is necessary to state the legislation applies to the Agreement and when the conflict will be settled.