Increase Speed Clause


At the moment to include into the charter a clause about “Speed Increase”, there are several situations that must be included. Some of them are as follows;  the formula to calculate the speed increase; the documents and books where the parties can recover this information; the stage of the voyage and the percentage of the voyage the charterer need to increase the charter speed; the rate of freight at each unit of measurement the improvement on speed and if same is included in Part I or under Worldscale;  the situation where the vessel is prevented to improve the speed; contrary situation where the owner need to improve the speed of the vessel; the rate of demurrage in case the speed was improved

Product Code: Clause4
Availability: In Stock

Increase Speed Clause

Price: U$s20.00

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