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A contract includes some clauses as follows:“1.Time & location of delivery of the vessel: no later than 12:00 am of 1April, 2012, one safe port of Shanghai;2.Charter Period: 2 years, 3 months more or less in Charterer’s option;23. Place of redelivery of the vessel: one safe port of Mainland China orof Japan, or Singapore;3. Trade limit: Asia Pacific area;4. Cargos: all lawful cargoes excluding dangerous or dirty cargoes;5, Hire: USD11, 000 /day, paid in the 15 th day of each month.6. All details as per NYPE1993.”Based on the information provided, what type of contract ofaffreightment is it likely to be?

Question

A contract includes some clauses as follows:“1.Time & location of delivery of the vessel: no later than 12:00 am of 1April, 2012, one safe port of Shanghai;2.Charter Period: 2 years, 3 months more or less in Charterer’s option;23. Place of redelivery of the vessel: one safe port of Mainland China orof Japan, or Singapore;3. Trade limit: Asia Pacific area;4. Cargos: all lawful cargoes excluding dangerous or dirty cargoes;5, Hire: USD11, 000 /day, paid in the 15 th day of each month.6. All details as per NYPE1993.”Based on the information provided, what type of contract ofaffreightment is it likely to be?

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Solution

Based on the information provided, the contract of affreightment is likely to be a time charter contract.

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