What is fixture note in shipping?

In the chartering market, the bloông xã trading is usually done through brokers. They possess wide business connection channels, they are able to provide advisory information for the owners of shipping, & provide vessels for the charterers, so as to promote both sides to lớn choose suitable negotiators. Once the transaction succeeds, the broker will get paid. Except ship chartering business, the ship broker also takes agency of shipping giao dịch, shipping agency và other businesses. Their main function is to provide the most appropriate và the best business for the client, lớn provide market condition, the credit of các buổi tiệc nhỏ và the response khổng lồ the client"s consultation, to lớn solve difficulties for mediation between both parties.Bạn sẽ xem: Fixture note

It has the following characteristics:

(1)It is tramp ships, which has no fixed lines, loading và discharging port as well as sailing schedule.

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(2)It has no fixed freight rates.

(3)The bill of lading in charter transportation is not an independent file. The bill of lading issued by the ship is generally the short size bill of lading with front contents only, & it is indicated with "ALL TERMS ANDCONDITIONS AS PER CHARTER PARTY" or "FREIGHT PAYABLE AS PER CHARTER PARTY".This kind of bill of lading is bound by charter các buổi party. Unless specially stipulated in the credit, banks are unwilling to lớn accept this kind of bill of lading.

(4)During the process of charter transportation, shipping port fees, handling charges và shipment delay are divided và calculated according lớn the contract, while regular operation costs in liner transport are all paid by the ship owner.

(5)Charter ships are mostly used for transportation of large cargo in international trade.

1. Ship Chartering Market

Ship chartering is mostly made in Chartering market. In Chartering market, all ship owners are suppliers of ships, while lessees are ships" demanders. In the age of developed communication giải pháp công nghệ, ship chartering business made by the two parties are mainly made through telephone,telex, telegram, fax or other modern means of communication.

2. Ship chartering broker

In the international chartering market, deals of ship chartering are usually not negotiated by the ship owner và the lessee in person, but handled and signed by the authorized chartering brokers. The chartering agents, who know the chartering market very well, are proficient in the chartering business and have rich knowledge & experiences in chartering as well, serve as a liên kết intermediary over the entire chartering transaction process và play an important role in putting through the giảm giá khuyến mãi.

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3. Chartering Inquiry

4. Chartering Price

Quotation can also be called offer. After the ship owner receives the inquiry of lessee from the chartering broker, và through cost estimation or comparison with other inquires, the owner issues the shipping condition & freight rate or rental rate that he/she could offer to lớn the lessee through the chartering broker.

The main nội dung of quotation, except for the reply và requirement khổng lồ the enquiry, is primarily about the rent (freight rate) level và the selected contract of renting boats and the modification and supplement of the clause. The quotation can be divided into lớn "hard quotation" và "conditional quotation". "Hard quotation" is an unchangeable quotation in quotation conditions. The inquirer must give sầu a reply of renting acceptance to lớn the quotation of the offerer within the limited time, when the valid time expires, which shall be null and void. On the contrary, "conditional quotation" is a quotation in which quotation conditions can be changed.

5. Chartering Counter-bid

Counter-bid is also called the counter offer. It refers lớn that in the case of conditional quotation, the lessee makes modifications or additions và deletions to the unacceptable conditions of the quotation conditions with the ship owner, or proposes his own conditions. Counter-bid means that the inquirer refuses the quotation of the offerer and starts a new quotation. Therefore, the shipowner may accept all counter-bids of the charterer, or may accept parts of counter-bids và makes counter-bid or new quotation for the disagreed parts. Such a reply or a new quotation to the counteroffer conditions is called recounter offer or anti-offer.

6. Firm Offer for Chartering

During a chartering transaction, through several counter offers and recounter offers, if both parties agree with the chartering contract clause, one các buổi party in the khung of firm offer can require the other buổi tiệc ngọt to make a decision whether they can conclude a giảm giá khuyến mãi or not. During the process of firm offer, the necessary clauses in the chartering contract shall be listed, and the clauses agreed by both parties and conditions which are not yet finalized shall be confirmed in the firm offer. At the same time, the valid period shall be specified in the firm offer, và requirement on whether to accept the firm offer or not should be made for counterpart & reply should be made within the specified valid period. If no reply is made within the valid period, the quoted firm offer shall be null & void. Likewise, during the valid period, the buổi tiệc ngọt who gives a firm offer cannot cancel or change it, and cannot also give sầu a firm offer lớn the third party at the same time.

7. Booking Acceptance

Acceptance is also called the acceptance of offer. It refers that one các buổi party makes a clear promise to lớn the conditions listed in the firm offer within the valid period. Hereto, the chartering contract is made. In principle, acceptance is the last stage of the chartering procedure. After acceptance, a chartering negotiation shall come lớn an kết thúc.

Chartering Confirmation Letter

Chartering Acceptance is the last stage of chartering program, & after that a chartering business shall clinch a deal. Usually, both parties shall sign a "fixture note". The "fixture note" has no unified format, but its content shall menu the main clauses in detail promised by the shipowner và the lessee during the negotiation. After the fixture note is signed by the both concerning parties, both parties shall keep one for future reference.

8. Chartering Contract

Standard Chartering Contract Model

When the ship company operates aperiodic ships, each contract is required to be signed with the lessee for each transaction. For their respective sầu interests, it is necessary for both parties to deliberate the clauses of the chartering contract thành phầm by cửa nhà when concluding a contract. In this way, it is bound to cause a time-consuming negotiation, which is not conducive to lớn promote to lớn make a giảm giá khuyến mãi. In order to lớn simplify the procedure of signing of chartering contract, and quicken the signing process as well as save sầu costs caused by signing the chartering contract, & also to lớn danh sách some clauses of one"s own self-interest inkhổng lồ the contract so as to maintain one"s interest, in the international shipping market, some shipping monopoly groups, large shipping companies, or shipper monopoly organizations, successively compile the chartering contract models which are available lớn the charterers for choice and serve as the basis for negotiation contract clauses. Main clauses which were drawn up in advance are listed in chartering contract mã sản phẩm. In order khổng lồ bring convenience lớn both parties of the chartering contract for deleting, adding, modifying and supplementing the clauses listed in the Model through correspondence, every chartering contract mã sản phẩm sets a code for its Mã Sản Phẩm name, compiles a code for each clause, và composes a line sequence number before(or after) each line of text. So in the process of negotiating a ship chartering contract, it is only needed khổng lồ simply specify the code of the chosen mã sản phẩm và the opinions khổng lồ increase, delete và change the nội dung of line x, article x in the correspondence. So the clauses agreed by both parties can be made more rapidly. Although adopting chartering contract size facilitates greatly drafting of chartering contract articles, the forms are mostly made unilaterally by the Shipping party or some shpping monopolies representing interests of the Shipping buổi tiệc ngọt, thus many articles would not be in favor of the Lessee, which must be considered in chartering contract norm selection. There are many ship chartering contract models: standard voyage chartering contract representative sầu template "GENCON", fixed-term chartering contract representative template "NYPE", bareboat chartering contract representative template "BARECON".