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CJ C5 Term

This document outlines the terms for a voyage charter between owners and charterers. Key details include: - The voyage is for iron ore between ports in Western Australia and Singapore/Japan - The vessel must be minimum 170,000 DWT and maximum 15 years old - Loading and discharge rates, along with freight rates and adjustments are specified - Owners must guarantee the vessel is approved for the intended ports and meets other technical and regulatory requirements

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Seung-hak Ahn
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77 views

CJ C5 Term

This document outlines the terms for a voyage charter between owners and charterers. Key details include: - The voyage is for iron ore between ports in Western Australia and Singapore/Japan - The vessel must be minimum 170,000 DWT and maximum 15 years old - Loading and discharge rates, along with freight rates and adjustments are specified - Owners must guarantee the vessel is approved for the intended ports and meets other technical and regulatory requirements

Uploaded by

Seung-hak Ahn
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as TXT, PDF, TXT or read online on Scribd
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MV.

TBN MAX 15 YEARS OLD FOR THE DURATION OF


THE VOYAGE (ALL NOMINATIONS SHALL BE SUBJECT TO CHARTERERS
RECONFIRMATION WITHIN 1 WORKING DAY AFTER NOMINATION TOGETHER
WITH CERTS/DOCS /TVQ/FMG ONLINE VETTING QUESTIONNAIRE AND
VESSEL OPERATING SPEEDS AND CONSUMPTIONS

- ANY VESSEL NOMINATED UNDER THIS AGREEMENT TO BE A MINIMUM


170,000DWT, MAX 15 YEARS)

- OWNERS: PLEASE ADVISE

- MAXIMUM OF 3 PARTIES WITHIN CHAIN


(HEADOWNER-XXX-GNS)

FULL CP CHAIN TO BE ACCEPTABLE TO CHTRS VETTING DEPT. BUT NOT TO


BE UNREASONABLE (NO STX, BOTTIGLIERI, SHAGANG, ETC....)

OWNERS AGREE TO MAINTAIN A MINIMUM PERFORMANCE SPEED OF 11 KNOTS


FOR BALLAST OR LADEN LEGS OF VOYAGE SUBJECT TO WEATHER CONDITION.
IF VESSEL FAILS TO MEET MINIMUM PERFORMANCE SPEED AT ANY TIME,
OWNERS TO PROVIDE CHARTERERS WITH VOYAGE PERFORMANCE DETAILS
FROM A RECOGNISED WEATHER ROUTING COMPANY (AWT) OR ANY
OTHER INTERNATIONALLY RECOGNISED WEATHER ROUTING AGENCY
FOR THEIR ASSESSMENT. (ANY VESSEL NOMINATED UNDER THIS AGREEMENT
TO BE A MINIMUM 170,000 DWT AND MAXIMUM 185,000 DWT.)

- OWNERS CONFIRM VSL IS RIGHTSHIP APPROVED AND NOT BLACKLISTED IN


ANY OF THE W. AUSSIE PORTS

- OWNERS GUARANTEE THAT VESSEL IS FULLY SUITABLE AND ACCEPTABLE TO


PORT HEDLAND (BOTH SHIPPERS BHPB AND FMG)/ DAMPIER / PORT WALCOTT
AND OTHER NORMAL WEST AUST IRON ORE PORTS/ PLACES.

- OWNERS GUARANTEE THAT VESSEL (AND MASTER/OFFICERS/CREW) IS/ARE


FULLY ITF ACCEPTABLE AND WILL REMAIN SO DURING COURSE OF
THIS VOYAGE.
OWNERS ARE RESPONSIBLE FOR ALL AND ANY CONSEQUENCES/ DAMAGES/
LOSSES WHATSOEVER, CONSEQUENTIAL OR OTHERWISE, WHICH CHTRS MIGHT
SUFFER SHOULD VESSEL AND /OR CREW BE FOUND OUT NOT TO BE EMPLOYED
ON TERMS WHICH ARE FULLY ACCEPTABLE TO THE ITF.

- OWNERS' BANK DETAILS: pls advise

FOR:

- A/C GNS SEOUL

- CARGO QUANTITY: 160,000MT / 10% MOLOO IRON


ORE AND/OR IRON ORE CONCENTRATES AND/OR IRON ORE FINES AND/OR IRON
ORE PELLETS AND/OR IRON ORE LUMP ORE IN BULK, ALWAYS EXCLUDING
DRI/DRIP/HBI/SPONGE IRON, TO BE LOADED/TRIMMED/DISCHARGED IN
ACCORDANCE WITH IMO REGULATIONS/RECOMMENDATIONS.

- LOAD PORT: 1-2 SBS 1-2 SPS WESTERN AUSTRALIA

- DISCHARGE PORT: 1-2 SBS 1-2 SPS SINGAPORE - JAPAN RANGE


(INTENTION CHINA)

- BASE FRT RATE - PORT HEDLAND OR PORT WALCOTT OR DAMPIER/QINGDAO


(BSS 1-1) : GROSS FREIGHT RATE IS CALCULATED AS THE AVG MINUS 2.0%
OF THE BALTIC EXCHANGE CAPESIZE INDEX ROUTE C5 FOR ACTUAL LOAD PORT
WESTERN AUSTRALIA /QINGDAO (1/1) FOR THE PUBLISHED DAYS IN THE
PERIOD 20 TO 10 DAYS (BOTH ENDS INCLUSIVE) PRIOR TO THE FIRST DAY OF
THE LAYCAN AT LOADPORT WITH ANY CARGO LOADED IN EXCESS OF 187,000 MT
(176,000 MT IF 160,000 MT / 10% DECLARED) AT HALF FREIGHT.

- LAYCAN: NOV 20-24 2016

- PERFORMING VESSEL TO BE MINIMUM 170,000 DWT

- PERFORMING VESSEL TO BE MAXIMUM 15 YEARS OLD

- LOAD RATE 80,000 MT SHINC 12 HRS TT USC ATUTC (90,000 MT FOR


DAMPIER OR PORT WALCOTT LOADING)

- DISCHARGE RATE 30,000 MT SHINC 24 HRS TT USC ATUTC WITH USD


120,000 FOR ONE (1) AND USD 160,000 FOR 2 (TWO) DISPORT(S)
GUARANTEED, WHICH SHALL BE A LUMPSUM DEDUCTION FROM INITIAL FREIGHT
WITH NO PRESENTATION OF ACTUAL VOUCHERS. PORT D/A TO BE REVIEWED AND
MUTUALLY AGREED AS REQUIRED TO STAY IN LINE WITH PREVAILING MARKET
CONDITIONS AND INDUSTRY STANDARDS.

- CHARTERERS HAVE THE OPTION TO LOAD AT OTHER PORT(S) WITHIN


WESTERN AUSTRALIA RANGE(EXCLUDING ESPERANCE AND WHYALLA) AND
DISCHARGE AT OTHER PORT(S) WITHIN SINGAPORE - JAPAN RANGE,
CHTRS SHALL ADVISE TERMS AND COSTS FOR ANY NOMINATED PORT(S)
FOR THE PURPOSE OF CALCULATING FREIGHT RATES.

- FREIGHT RATES FOR PORTS OTHER THAN THE BASE ROUTE ARE TO BE
CALCULATED ON AN OPEN BOOK BSS (BASIS ACTUAL PERFORMING VESSEL
BALLASTING FROM QINGDAO FOR TRADE VIA PORT HEDLAND or
WALCOTT/DAMPIER(PORT OF LOADING AT THAT SHIPMENT) TO QINGDAO).
THE FREIGHT RATE DIFFERENTIAL SHALL BE CALCULATED ON
THE FOLLOWING BASIS:

1. NO POSITIONING / RE-POSITIONING BENEFIT / COSTS TO BE


INCLUDED IN THE CALCULATION.
2. VESSEL TO PERFORM AT THE BELOW AVERAGE BALLAST AND LADEN SPEED
PROVIDED IN MATRIX AA. DESCRIPTION IN MATRIX AA ALSO TO BE USED
FOR FREIGHT DIFFERENTIAL CALCULATIONS AS STATED. (MATRIX AA TO BE
COMPLETED PRIOR TO CHTRS ACCEPT FOR EACH VESSEL NOMINATION) 3.
DISTANCES TO BE APPLIED AS PER THE LATEST EDITION OF NETPASS.
4. ALL WEATHER FACTORS TO BE APPLIED AT 5% REGARDLESS OF
ACTUAL CONDITIONS.
5. RIVER TRANSIT DURATIONS TO BE CALCULATED BASIS ACTUAL SOF
AT DISPORT(S).
6. BUNKER PRICES TO BE APPLIED BASIS PLATTS SINGAPORE,
10 DAYS PRIOR TO VALID NOR.

- DEMURRAGE/DESPATCH:

- OWNERS GUARANTEE EACH VSL NOMINATION IS RIGHTSHIP APPROVED FOR


THE FULL DURATION OF THIS FIXTURE AND WILL LOAD IN ACCORDANCE WITH
THE REQUIREMENTS OF THE RELEVANT PORT TERMINAL HANDBOOK.
- CHTRS NOMINATED AGENTS BENDS

- OWNERS TO PROVIDE THE LATEST FULLY COMPLETED ONLINE


QUESTIONNAIRE AND ALL VESSELS CERTIFICATES WITH
OWNERS/MANAGERS/MASTERS CONFIRMATION THAT ANY DEFICIENCIES
REPORTED HAVE BEEN RECTIFIED AND CONFIRMATION OF THE MEASURES
THAT HAVE BEEN PUT IN PLACE TO PREVENT THE SAME FROM RE-OCCURRING.

- 3.75% ADC TO CHTRS

- O/WISE AS PER THE LATEST FMG STANDARD CP AS ATTACHED LOGICALLY


AMENDED AS PER MAIN TERMS (LATEST RIO TINTO CP TO BE USED IF
LOADING AT DAMPIER OR PORT WALCOTT INCL. FRT DIFF CALCULATION TERM)

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