CHAPTER Four.pptCHAPTER4-⑴DefinitionAtimecharterpartyisacontractunderwhichtheshipownerprovidesadesignatedmannedshiptothecharterer,.⑵contentsAtimecharterpartymainlycontainsthenameoftheshipowners,thenameofthecharterers;thename,nationality,class,tonnage,capacity,speedandfuelconsumptionoftheship;thetradingarea;theagreedservice,thecontractualperiod,thetime,placeandconditionsofdeliveryandredeliveryoftheship;thehireandthewayofitspaymentandotherrelevantmatters.(3)FormsByfarthelargestnumberoftimechartersarefixedonthebasisoftheNewYorkProduceExchange(NYPE)(TheNewYorkProduceExchangeTimeCharter-Revised14September1993).DescriptionofVesselandCargoThetimecharterpartydiffersfromthevoyagecharterpartywhichisratheranagreementforcarriageofacertaincargo,,thetimecharterparty,mostlyingeneralterms,,,flag,classification,portofregistry,deadweight,capacity,construction,speed,fuelconsumption,nationality,
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