Substitution Clause


The substitution of the vessel is a possibility in practice. In this could be contemplated in an specific clause. Now, in order to negotiate and build a right clause is convenient to include the following provisions; a substitution for a vessel of similar size; the the number of times that the replacement can perform; the owner must notify to the charterer the option of substitution; if the new vessel is large than the original one, the extra capacity must be negotiated between the parties; in case of total loss before loading, the possibility to nominate a new vessel again before termination of window time and the possibility under loaded voyage when a total loss frustrate the root of the contract. All this provisions are explained into the analysis.

Product Code: Clause2
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Substitution Clause

Price: U$s20.00

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