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Code word for this Charter Party "SHELLTIME4 " Issued December 1984 amended December 2003 Time Charter Party LONDON 20 IT IS THIS DAY AGREED between of (hereinafter referred to as "Owners.

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Filling out the Shelltime4 form can be straightforward when you have the right guidance. This guide will take you through each section of the form step by step, ensuring you provide all necessary information accurately.

Follow the steps to complete the Shelltime4 form effectively.

  1. Use the ‘Get Form’ button to secure a copy of the Shelltime4 document, which you can then open in your chosen editing platform.
  2. Begin by filling in the date of agreement at the top of the form. Ensure to specify the appropriate party names for 'Owners' and 'Charterers'.
  3. Provide details of the vessel being chartered including its complete name and specifications as required under Clause 1 of the charter.
  4. In the section concerning the vessel's condition, check the boxes or include information as outlined, confirming its fitness to operate under the charter agreements.
  5. Fill out the crew requirements by detailing the number of personnel onboard, including all relevant certifications as specified in Clause 2.
  6. Complete the hire details by specifying the daily rate and total estimated hire period. Ensure it agrees with the payment terms mentioned in the contract.
  7. Include information on trading limits by stating applicable ports or regions where the vessel will operate during the charter period.
  8. Review and confirm the obligations for both Owners and Charterers listed throughout the form, ensuring that the commitments are accurately represented.
  9. At the conclusion of the form, provide your contact information, and both parties should sign off to confirm the agreement.
  10. Once all information is accurately filled and verified, save your changes, download the final version, and make sure to print or share the document as necessary.

Begin filling out your Shelltime4 form online today to ensure a smooth chartering process.

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There are three main types of charters – voyage charter, time charter, and demise charter. The demise charter is often known as a bareboat charter, and grants ownership or possession of the vessel to the charterer subject to certain time-bound conditions.

The voyage charter is the most common. Under this method a ship is chartered for a one-way voyage between specific ports with a specified cargo at a negotiated rate of freight.

The three most common types of charter contracts are the voyage charter, the time charter, and the demise (or bareboat) charter.

The Shelltime 4 form, clause 21(a), provides. for a net loss of time clause as follows: “On each and every occasion that there is loss of. time (whether by way of interruption in the. vessel's service or, from reduction in the vessel's.

In time chartering, the charterer is responsible for selecting a crew, paying charges that arise during the voyages, and arranging for provisions to ensure smooth operations at every port of call. They must intimate the planned route to the owners in advance.

The shipowner continues to control the navigation and management of the vessel, but its carrying capacity is engaged by the charterer. There are four principal methods of chartering a tramp ship—voyage charter, time charter, bareboat charter, and “lump-sum” contract. The voyage charter is the most common.

: Under a time charter party, the time charterer typically hires a vessel's services for a specified period, for example, "about 90 days". Under the time charter concept, the time charterer pays to hire at a daily rate for the use of the vessel.

The three main types of charter are: demise charter, voyage charter, and time charter.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
Privacy Notice
Legal Hub
Content Takedown Policy
Bug Bounty Program
About Us
Blog
Affiliates
Contact Us
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate WorkFlow
DocHub
Instapage
Social Media
Call us now toll free:
+1 833 426 79 33
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232