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MEO CLASS 1 · ORAL QUESTION 24

Q10- What are provided by charterer in Time Charter party and what is provided by the owner?

Answer

TC-
1.Fuel oil bunker
2.to pay hire amnt at specified rate until delivery
3.cash is to be paid in advance in the specified currency.

4.to redeliver the vessel in the same condition,subject to fair wear and tear.

Port / canal dues
Cargo Insurance

Owner-
1.crew provision and wages
2.Insurance and stores,lubes,greases
3.maintenanace of the vessel
4.vessel to be seaworthy at contract signed and exercise” due diligence”