The GENCON (General Charter Conditions) charter party is the most common standard voyage charterparty form used worldwide. Gencon first issued in This document is a computer generated GENCON form printed by Charter Party about the date indicated in Box 9, and the party mentioned as the. 5 . Uniform General Charter, or “GENCON”, is the standard form voyage charterparty most commonly used worldwide. GENCON was first issued by BIMCO in
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Then comes the all-important clause setting out the rate of freight including how, when and where it is to be paid. This wording was not included in Gencon 76 and gives some defense to Owners in case something goes wrong with the bill of lading holder.
The main Gencon forms which may create a dispute
The GENCON charter party only envisages a situation where the shippers pay for the loading and the consignees for the discharging. Dry cargoes 40 Gas cargoes 1 Liquid cargoes 6. Sign up for new offers Name. The canceling clause clause 9 of Gencon 94 or clause 10 of Gencon 76 is also updated in order to give Owners the right to ask for extension of laycan if the vessel delays and avoid a long ballast leg out of the laycan.
Gencon first issued in and then revised twice: A shipowner is, therefore, anxious to keep the time spent in loading and discharging to a minimum.
This is one of the most important changes in Gencon Next, there are boxes in which to enter the names of the parties and of course, the name of the ship details of its registered tonnages, dead weight, and any other characteristics important to the fixture, for example cubic capacity or perhaps the size of the hatches.
A word of which the precise definition is almost lost in history but for our purposes refers to the time allowed for loading, respectively discharging. Finally, the War Risks clause has been updated with the standard Voywar These are known as FIO terms free in and out implying that both loading and discharging operations are free of expense to the shipowners. Nevertheless, this information should not be taken lightly.
Some loading or discharging berths, especially those in tidal rivers where small coasters regularly load; do not have enough water alongside at low tide to allow ships to remain afloat.
Dry cargoes Liquid cargoes Gases. It will be much faster, convenient and will avoid manual typing errors or omissions. TBN Self-propelled split hopper barge built in Romania.
Therefore, without any specific clause in place, if demurrage was not paid after proper notices had been given, owners ran the risk of not being able to recover their money.
Gencon 94 removes any such limitation and the parties can claim any and pxrty damages they may have. If the ship is fixed for loading or discharging at such a place, this must be specifically agreed in the charter party, otherwise the Owners have every right to refuse padty put their vessel there.
Since the Gencon 76 and the Gencon 94 are the most used forms, here, we will focus on these two versions and will discuss the terms that make Charterers and Owners have a strong preference of one form over the other. Gencon 94 vs Gencon 76 — Differences in Part I Since the Gencon 94 is a revision of Gencon 76, in order to see their differences one needs to focus on the amendments incorporated with the revision.
Like what you’re reading? It is a general purpose agreement for the services of a ship in exchange for freight and can be used in a variety of trades.
Therefore, which of the two charter parties will be used is usually a ggencon of negotiation between the parties. Therefore, Charterers are now ultimately responsible for loading, stowing, trimming and discharge of the cargo.
Another clause which is extended in Gencon 94 is the lien clause which now includes also the lien on sub-freights to cover the cases the vessel is sub-chartererd. Clause 12 of Gencon 76 limits the indemnity for non performance of the charter party up to the amount of estimated freight.
Once in and one more time in The options in the printed clause 4 need to be carefully considered in conjunction with these details. Deck crane, towing hook. Built psrty in China. As mentioned earlier, Gencon is the most used voyage charter party worldwide. Despite the fact that such revisions were necessary in order for the terms to be updated in line gencom the standard shipping practices, each revision also included a few changes which, in fact, amended the rights and responsibilities of the parties, creating a dispute between the Owners and Cnarter on which form is fairer.
Since the Gencon 94 is a revision of Gencon 76, in order to see their differences one needs to focus on the amendments incorporated with the revision.
Linked to when time commences to count and the amount of time allowed for loading and discharging is the penalty for exceeding the agreed limits. Because of the imponderables in time for gsncon ships there is usually a span of some days between which the vessel may be presented for loading.
A ship is only earning income when she is on the move, not when she is lying idle in a port.
GENCON Charterparty | Handybulk Shipping
Subscribe to our blog articles Analytics, inspiration and fresh ideas for ship chartering community. Ship partyy is easy with us Just place your open inquiries and find suitable positions. Dry cargo vessels 8 Tankers 3 Gas carriers 1 Ferries 1 Offshore vessels 2. So clauses 5, 6 and 7 cover this dispute-prone area of time in port.