ANATOMY OF SHIPPING 1)WAN SARAANNISA BINTI MOHD RIDZUAN LOPEZ 2)MUHAMMAD ALIF IRFAN BIN MOHD AZMAN 3)MOHAMMAD SHAHRIL BIN MOHAMMAD ALI 4)MOHAMAD HAIRUL BIN EDY

CHARTER PARTIES & CONTRACT OF AFFREIGNMENT

CHARTER PARTIES A CONTRACT BETWEEN THE OWNER OF A VESSEL AND THE CHARTERER IN CHARTER PARTY, THE VESSEL IS RENTED (IN FULL/ IN PART)FOR ONE OR MORE VOYAGES OTHER NAMES IS CHARTER AGREEMENT OR CHARTER CONTRACT

BAREBOAT/DEMISE CHARTER TYPE OF CHARTER BAREBOAT/DEMISE CHARTER VOYAGE CHARTER TIME CHARTER DOCK CHARTER

CONTRACT OF AFFREIGHTMENT A GENERIC TERM WHICH COVERS ALL CONTRACTS FOR THE CARRIAGE OF GOODS BY SEA. USED IN A MORE LIMITED SENSE WHEN IT MEANS A CONTRACT, WHICH THE SHIPOWNER PROMISES TO STATISFIES THE CHATERER`S NEED FOR TRANSPORT CAPACITY OVER PERIOD OF TIME, OFTEN ONE YEAR OR SEVERAL YEARS.

CHARACTERISTICS OF COA COA CAN OFTEN BE RELATED VOYAGE CHARTER CARGOES CARRIED UNDER COA ARE USUALLY BULK/LIQUID CARGOPES THE RISK OF DELAY IN SAILING SHOULD BE BORNE BY THE SHIPOWNER THE FREIGHT SHOULD BE CALCULATED BASED ON THE QUANTITY OF CARGO THE PARTITION OF COST OF LOADING/DISCHARGE IS USUALLY AS SAME AS THAT OF VOYAGE CHARTERING

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