Charter Party Agreement
Maritime contract covering vessel rental, cargo transportation, crew responsibilities, route specifications, and liability allocation for commercial shipping and vessel charter services.
Key Clauses
Scope of Services
Defines the specific services, deliverables, and performance standards required under the agreement.
Compensation and Payment
Establishes fee structures, payment schedules, invoicing procedures, and late payment penalties.
Term and Termination
Sets the agreement duration, renewal options, and conditions under which either party may terminate.
Confidentiality
Protects proprietary information and trade secrets shared between the parties during the engagement.
Indemnification
Allocates liability and requires each party to hold the other harmless from specified claims and damages.
Use This Template
When You Need This
- Commercial shipping company chartering vessel for cargo transportation route
- Oil company securing tanker charter for petroleum product delivery
- Cruise line chartering additional ship for seasonal passenger service
- Government agency chartering vessel for military or research mission