Bargehire Terms: means the Bargehire Standard Barge Charter Party terms and Towcon Terms: means the Towcon International Ocean Towage. Page CHAPTER 6 Standard form contracts: (iv) the bimco “bargehire ” form Part A. The genesis of the “Bargehire” form The publication by BIMCO. The BIMCO BARGEHIRE 94 Standard Barge Bareboat Charter Party, as reproduced at the end of this article, is the final result of the work of the sub- committee.

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Maritime Files – Standard Barge charter party BARGEHIRE

It is important that the date of the last special survey is indicated in Box It was understood that the offshore barge industry is a highly sophisticated trade with a large volume of chartering done on a global basis. Latest market analysis For all the latest market analysis on global shipping including macro economics, tanker, container and dry bulk. In line with generally accepted legal principles sub-clauses 16 i g to 16 i i allocate the responsibilities of the Charterers and the Owners in the event the barge becomes an actual, constructive, compromised or agreed total loss.

The Clause provides for optional law systems and venues of arbitration by leaving it to the contractual parties to make their own choice in each individual case and to fill in Box 35 accordingly.

It goes without saying that this grace period is intended to be applied in exceptional situations only and it does not. Any additional premium which may result from the barge’s trading pattern shall be for the Charterers’ account.

The second paragraph of sub-clause 6 b provides that the declared delivery period shall always be within the previous declared delivery period and the number of days’ 20008 shall always be counted from the first day in the declared delivery period. Non-delivery of a barge by the Owners, or even a small delay, may have serious consequences for the Charterers, not least when they are engaged in large construction projects in the offshore industry.

However, it is possible and usual for the barge bareboat Charterers to be Bargehiree on the Owners’ insurance policies and sub-clause 16 i a accordingly provides for this.

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Bargehire Standard Barge Charter Party with Explanatory Notes – Google Books

Reference is made to the observations made under Clause 20 Redelivery regarding late redelivery by the Charterers. Read barghire latest edition now Read previous digital issues. In case the parties fail to reach bsrgehire, the matter shall be referred to arbitration according to Clause 30 Law and Arbitration. The Charterers shall therefore notify the Owners of the exact delivery date 45 days prior to 15 April, In particular, in case of short-term charters it has not been felt appropriate that renewal of class should always fall upon the Charterers.

Sub-clause 16 i In the bareboat chartering of barges, and contrary to what is usually the case as regards bareboat chartering of vessels, it is practice that the Owners arrange and keep the barge insured for marine, war, and protection and indemnity risks. Clause 7 – Cancelling Non-delivery of a barge by the Owners, or even 208 small delay, may have serious consequences for the Charterers, not least when they are engaged in large construction projects in the offshore industry. Similarily, subclauses 16 ii g to 16 ii i duly reflect the contents of bargehlre 16 i.

Law of Tug and Tow and Offshore Contracts

Unless the contractual parties have agreed under sub-clause 16 i k that the Owners shall keep the barge with unexpired classification, sub-clause 13 a provides that it is the Charterers who shall maintain the barge’s class as indicated in Box Norway and The Netherlands tend to dominate the barge owning industry within Europe, bargeihre there bargheire also a number of major owners in the UK and Germany.

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Consequently, there is no question of the barge becoming off hire, for instance, for time used for repairs and according to sub-clause 16 ii e the time on hire thus runs unabated in such events. Stay up to date? For instance, the Charterers may have an interest in covering themselves against loss of time occasioned by excessive and time-consuming repairs on account of hull damage. In this example, therefore, bwrgehire in order to comply with this provision, the Charterers, on 1 February,narrow down the delivery period to I March to 30 April, Clause 5 – Substitution It has been found useful to include a substitution provision giving the Owners a right to substitute the barge described in Part I with an equivalent barge suitable for the purpose of the charter in question.

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On the other hand, such new requirements may place an excessive burden on the Charterers, for instance, if compliance is required shortly before redelivery. According to this Clause, the Charterers undertake not to employ the barge under terms which are not in conformity with the terms of insurance without first having obtained the consent to such employment from the insurers.

The following is a brief description of the standard clauses contained in Part II giving some background explanation to the clauses in order to assist owners and other interested parties in the practical use of the charter party. In this context it may be useful to emphasise that a standard contract constitutes an integrated whole and that any changes to some of the printed clauses may destroy the over-all balance of the contract as such, a fact which should not be forgotten when attempting to amend standard clauses in Part II.

The Bulletin is a digital quarterly magazine containing all the best comment, analysis and information digests from BIMCO.

BARGEHIRE 94

Standard Statement of Facts. As in sub-clause 16 ithe possibility of placing additional insurance bargehlre both parties is also envisaged in sub-clause 16 ii t to the extent such additional insurance is permissible as already explained in regard to sub-clause 16 i above.

Priority news Press release News story Contract. 208 Escrow Agreement for Disputes. Clause 11 – Inventories and Consumable Oil and Stores This Clause provides for the drawing up of inventories and the taking over of consumable oil and stores at delivery and redelivery.

In order to minimise the risk of disputes it has been clearly stressed in which condition the Charterers must redeliver the barge.