What is NYPE?

NYPE 93. The NYPE charter form is a very popular one and most commonly used for dry cargo vessels. It was first published by the New York Produce Exchange in 1913 and was amended successively in 1921, in 1931 and in 1946.

What is charter party its contents?

A charterparty (sometimes charter-party) is a maritime contract between a shipowner and a “charterer” for the hire of either a ship for the carriage of passengers or cargo, or a yacht for pleasure purposes. Charter party is a contract of carriage of goods in the case of employment of a (charter boat).

What is a voyage charter party?

: a charter party whereby the owner of a ship agrees to transport a full shipload of cargo owned or furnished by another person with the ship’s crew and master in control of the navigation.

What is NYPE? – Related Questions

What are the 3 types of charter?

Types of Charters. The three most common types of charter contracts are the voyage charter, the time charter, and the demise (or bareboat) charter.

Who pays what in a voyage charter?

Well, with a voyage charter, nearly all costs are covered by the ship owner. These include costs relating to staffing, berthing, loading, unloading, and fuel. They cover these costs by charging the charterer a fee for leasing the vessel. The amount of money paid by the charterer can be determined in two ways.

What are the 4 types of voyage planning?

There are four stages of Voyage Planning that are, Appraisal, Planning, Execution and Monitoring that logically follow each other. An appraisal of all information available must be made before detailed plans can be drawn up and a plan must be in existence before tactics for its execution can be decided upon.

What is the purpose of a charter party?

charter party, contract by which the owner of a ship lets it to others for use in transporting a cargo. The shipowner continues to control the navigation and management of the vessel, but its carrying capacity is engaged by the charterer.

What are the characteristics of voyage charter?

Voyage Charter Parties generally contain the following key agreements: The type of cargo to be carried is agreed in advance. The ports to be visited are agreed in advance. It is the responsibility of the shipowner, not the charterer, to give instructions to the master.

What is the main purpose of voyage planning?

Voyage planning is a process that helps optimize ship routes, maintain crew safety, and coordinate traffic in and out of busy ports and harbors. Voyage planning takes an average of 3.5 hours per vessel, according to Maritime Executive.

What is the purpose of voyage policy?

A voyage policy, or marine cargo insurance, covers losses incurred to a ship’s contents during a journey. A voyage policy is used mainly by exporters who need to ship only occasionally or only in small amounts of cargo. Exporters who ship routinely generally use open cover marine insurance.

When should voyage planning be done?

What is the Passage Planning Process? Passage planning, also known as voyage planning, is the procedure a crew must comply with before relocating a ship from one mooring to another. It comprises a theoretical planning stage before the departure as well as a practical implementation stage during navigation.

What is voyage Management System?

Voyage management system utilizes the standard daily reports based on meteocean data, hydrodynamics, real-time data, and energy efficiency from your vessel to generate comprehensive data and valuable insights about the main systems, e.g. hull, propulsion and electric power, fuel consumption, and operations.

What is the difference between time and voyage policy?

A time policy is valid for a specified period, generally a year. Its contract lays down the precise minute when the cover comes into effect and when it terminates. While a voyage policy insures the cargo in transit from one place to another, a time policy insures it for a definite period.

What should be included in voyage planning?

The appraisal will include details from:
  • Chart Catalogue.
  • Charts.
  • Ocean Passages of The World.
  • Routeing Charts.
  • Admiralty Sailing Directions.
  • Admiralty List of Lights and Fog Signals.
  • Admiralty List of Radio Signals.
  • Tide Tables.

What is voyage orders?

Voyage Order automatically calculates a route for the selected vessel, visualizes the route on a chart, and provides information about the voyage. The voyage information includes Total Distance, Planned Time of Departure (PTD), Required Sea Speed, Time to Go (TTG), and Planned Time of Arrival (PTA).

What is the hybrid of voyage and time policy?

Mixed policy: It is hybrid of Voyage and Time policy where the insurance policy covers risk during a particular voyage for a specified time period. It is more applicable in case of cargos.

Is voyage planning essential?

voyage planning is necessary for all types of vessels on all types of voyages, and. the plan’s scope should be based on all information available, should be “berth to berth,” including when under pilotage, and the plan includes the execution and the monitoring of progress.

How do you calculate voyage time?

Calculate elapsed time of voyage: (Distance traveled is divided by the speed to find time in hours.) (Divide the hours by 24 to find the number of days.)

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