Chartering Terms & Conditions
EFFECTIVE DATE: JUNE 11, 2026 | STANDARD PROTOCOL ID: CT-2026-V1
1. Charter Agreement Framework
All commercial voyages and vessel charters operated by Liage Maritime are governed by the standard ASBATANKVOY tanker charter party form, except where explicitly amended by our bespoke Rider Clauses. Contracts are executed under the legal jurisdiction of the Maritime Law Association.
The Charterer warrants that all cargo nominated for transit meets the exact flashpoint, viscosity, and chemical safety criteria disclosed at the time of nomination. Cargo variations require a minimum of 72 hours prior written approval from the vessel operator.
2. Freight Rates & Laytime Calculations
Freight rates are calculated based on the prevailing Worldscale (WS) market indices at the time of fixture execution. Payments must be settled in US Dollars (USD) via telegraphic transfer to the nominated bank account within five (5) business days of completing cargo loading.
Laytime allowance is standardized at 72 hours total for loading and discharging combined. Demurrage rates are assessed on a daily running basis, pro-rata, and are governed by standard tanker demurrage terms. Notifications of laytime commencement (Notice of Readiness) are accepted at all hours, berth or no berth (WIBON).
3. Vessel Nominations & Vetting Requirements
Liage Maritime warrants that all nominated vessels hold valid Certificates of Fitness, classification society records (DNV/ABS/Lloyds), and have been successfully vetted under the Ship Inspection Report Programme (SIRE).
Should a nominated vessel fail vetting by a major energy procurement company or port authority prior to laydays, Liage Maritime retains the right to nominate an equivalent replacement vessel of comparable DWT and class within 48 hours without penalty.
4. Cargo Loading & Discharging Operations
Independent third-party inspectors, jointly nominated by Charterer and Vessel Operator, shall gauge and sample all cargo tanks before and after loading/discharging. These measurements form the definitive basis for Bill of Lading figures.
Vessel crews monitor pump performance, manifold pressures, and vapor recovery systems continuously. Charterers must ensure shore receiving facilities meet the required pressure thresholds (minimum 100 PSI at ship's manifold) to avoid delay during discharge.
Need Custom Chartering Provisions?
Our legal team can draft custom clauses matching specific cargo specifications, port rotations, or long-term contract frameworks.
Contact Legal Department →