This paper constitutes a review of the most important aspects of commercial risks arising from charterparties, operations and claims issues. That means the risks allocated between the shipowner and the charterer throu...This paper constitutes a review of the most important aspects of commercial risks arising from charterparties, operations and claims issues. That means the risks allocated between the shipowner and the charterer throughout the chartering process （pre-fixture, fixture, execution of charter, post-fixture, claims handling）, from a financial, operational and legal perspective. The interpretation of the above mentioned matters is considered of critical importance in chartering practice. The analysis is seen from a commercial stand point. Therefore, it is mostly addressed to the shipping practitioners, maritime economists, academics, students and researchers who seek to form a comprehensive view on the subject. It may also form a basis for further study on chartering aspects （legal, economic, managerial and practical）.展开更多
The charterparty is a legal contract of employing a vessel. In shipping matters, it is a highly important document since it allocates obligations, rights, duties, liabilities, risks, earnings, costs and profits betwee...The charterparty is a legal contract of employing a vessel. In shipping matters, it is a highly important document since it allocates obligations, rights, duties, liabilities, risks, earnings, costs and profits between the contracted parties, namely, the shipowner and the charterer. The interpretation of the above mentioned matters, as well as the understanding of charterparty terms, is considered of critical importance in chartering practice. Therefore, this paper constitutes a review of the most important aspects arising from charterparties in the main types of charter. The present study is based on shipping practices followed in accordance with the English Common Law throughout the chartering process （pre-fixture, fixture, execution of the charter, post fixture）. This is a synopsis about the distribution of the liabilities and expenses between the shipowner and the charterer in the most representative types of charter. The analysis is seen from a commercial stand point. Therefore, it is mostly addressed to the shipping practitioners, maritime economists, academics, students and researchers who seek to form a comprehensive view on the subject. It may also form a basis for further study on chartering aspects （legal, economic, managerial and practical）.展开更多
In recent years, the world economic situation and container shipping industry has been fluctuated drastically, which has complicated the liner shipping companies＇ operation. The conventional issue of overcapacity due...In recent years, the world economic situation and container shipping industry has been fluctuated drastically, which has complicated the liner shipping companies＇ operation. The conventional issue of overcapacity due to the ＂equipment battle＂, and the destructive competition have further stimulated the operating intricacy within the container sector. That would be interesting to explore the chartering strategies of CMA CGM （Compagnie Maritime d＇Affretement Compagnie Generale Maritime） in such a volatile market as any capacity adjustment dictates a line＇s profit line. Nevertheless, the usefulness of ship chartering is not only confined to the operational level but also the strategic level. Throughout the analysis of CMA CGM＇s fleet trend, fleet deployment as well as chartering activities, it can illustrate the above concepts and observe a little bit further about the strategic movement of CMA CGM.展开更多
Putting an aircraft on a charter operator’s certificate may incur expenses for the initial inspections that are required to demonstrate its compliance with FAA standards for commercial service.Both the aircraft and c...Putting an aircraft on a charter operator’s certificate may incur expenses for the initial inspections that are required to demonstrate its compliance with FAA standards for commercial service.Both the aircraft and crew must conform to the charter operator’s approved operating limitations.展开更多
文摘This paper constitutes a review of the most important aspects of commercial risks arising from charterparties, operations and claims issues. That means the risks allocated between the shipowner and the charterer throughout the chartering process （pre-fixture, fixture, execution of charter, post-fixture, claims handling）, from a financial, operational and legal perspective. The interpretation of the above mentioned matters is considered of critical importance in chartering practice. The analysis is seen from a commercial stand point. Therefore, it is mostly addressed to the shipping practitioners, maritime economists, academics, students and researchers who seek to form a comprehensive view on the subject. It may also form a basis for further study on chartering aspects （legal, economic, managerial and practical）.
文摘The charterparty is a legal contract of employing a vessel. In shipping matters, it is a highly important document since it allocates obligations, rights, duties, liabilities, risks, earnings, costs and profits between the contracted parties, namely, the shipowner and the charterer. The interpretation of the above mentioned matters, as well as the understanding of charterparty terms, is considered of critical importance in chartering practice. Therefore, this paper constitutes a review of the most important aspects arising from charterparties in the main types of charter. The present study is based on shipping practices followed in accordance with the English Common Law throughout the chartering process （pre-fixture, fixture, execution of the charter, post fixture）. This is a synopsis about the distribution of the liabilities and expenses between the shipowner and the charterer in the most representative types of charter. The analysis is seen from a commercial stand point. Therefore, it is mostly addressed to the shipping practitioners, maritime economists, academics, students and researchers who seek to form a comprehensive view on the subject. It may also form a basis for further study on chartering aspects （legal, economic, managerial and practical）.
文摘In recent years, the world economic situation and container shipping industry has been fluctuated drastically, which has complicated the liner shipping companies＇ operation. The conventional issue of overcapacity due to the ＂equipment battle＂, and the destructive competition have further stimulated the operating intricacy within the container sector. That would be interesting to explore the chartering strategies of CMA CGM （Compagnie Maritime d＇Affretement Compagnie Generale Maritime） in such a volatile market as any capacity adjustment dictates a line＇s profit line. Nevertheless, the usefulness of ship chartering is not only confined to the operational level but also the strategic level. Throughout the analysis of CMA CGM＇s fleet trend, fleet deployment as well as chartering activities, it can illustrate the above concepts and observe a little bit further about the strategic movement of CMA CGM.
文摘Putting an aircraft on a charter operator’s certificate may incur expenses for the initial inspections that are required to demonstrate its compliance with FAA standards for commercial service.Both the aircraft and crew must conform to the charter operator’s approved operating limitations.
