Charter Party Drafting Service
The phrase “our word is our bond” has been the cornerstone of transportation for many years for all those parties involved in chartering.
The concerned trading parties used to carry out an unequivocally objective commercial transaction, namely the chartering of a merchant ship, only through verbal commitment.
Nowadays, despite the -still- binding nature of the verbal arguments in the shipping industry, it is imperative that same will be also supplemented with relevant documented evidence in order for the agreements to be sealed.
The charter party is therefore a mandatory document for carrying out shipments.
Polinoe provides a charter party drafting service by qualified and experienced personnel which meets any individual needs. Our services are essential to Companies with heavy workload and limited resources which need to be allocated in several tasks.
Polinoe specializes in the holistic preparation and handling of your charter party contracts, with particular attention to detail and due consideration of the agreed delivery time.
Charter party drafting procedure:
- Fixture Recap, Proforma cp, Vessel’s additional description/questionnaire or any other required file must be sent to Polinoe through email.
- Our specialized Charter Party Drafting department creates the charter party on your behalf.
- A new entry will be created for each fixture adding all the parties involved as members in order to have access to the document anytime, anywhere, with any device type connected to internet. Print the charter party at your place. Add your comments into Polinoe’s Platform comments section and the creator will be informed and will proceed accordingly.
Choosing Polinoe’s charter party drafting service (as opposed to just their platform) offers some distinct advantages, particularly for those who need expert assistance in creating these complex legal documents. Here’s a breakdown:
1. Maritime Law Expertise:
- Specialized Knowledge: Polinoe likely employs or partners with maritime law experts who possess in-depth knowledge of charter party agreements, relevant regulations, and industry best practices. This ensures that the drafted documents are legally sound and protect the interests of all parties involved.
- Up-to-Date with Regulations: Maritime law is constantly evolving. Polinoe’s experts stay abreast of the latest changes in regulations and case law, ensuring that the drafted charter parties are compliant and up-to-date.
2. Reduced Risk and Liability:
- Minimizing Disputes: Expert drafting can significantly reduce the risk of disputes arising from ambiguous or incomplete clauses. Polinoe’s service aims to create clear, comprehensive agreements that minimize potential conflicts.
- Protecting Interests: Their expertise helps ensure that the charter party adequately protects the client’s interests, whether they are a shipowner or a charterer. This includes appropriate allocation of risks and liabilities.
3. Time and Cost Efficiency:
- Saving Time and Resources: Drafting a charter party from scratch can be a time-consuming and resource-intensive process. Polinoe’s service allows clients to outsource this task to experts, freeing up their own time and resources to focus on other core business activities.
- Avoiding Costly Errors: Errors in a charter party can lead to significant financial losses. By using a professional drafting service, clients can avoid these costly mistakes and potential legal battles.
4. Tailored Solutions:
- Customized Agreements: Polinoe can tailor the charter party to the specific needs and requirements of each individual transaction. This includes considering the type of vessel, the cargo being transported, the voyage route, and other relevant factors.
- Negotiation Support: In some cases, Polinoe may also offer support in the negotiation of charter party terms, helping clients achieve the best possible outcome.
5. Access to ASBA Forms (and potentially others):
- Standardized Forms: Given their collaboration, Polinoe can utilize ASBA’s widely recognized and respected charter party forms as a basis for drafting, ensuring a strong foundation for the agreement. They may also have access to other standard forms depending on their partnerships.
When is this service particularly useful?
- Complex Transactions: When dealing with complex chartering arrangements, such as those involving specialized vessels or unusual cargo, expert drafting is crucial.
- Lack of In-House Expertise: Companies that lack in-house legal or chartering expertise can benefit significantly from outsourcing this task to Polinoe.
- High-Value Deals: In high-value transactions, the cost of a professional drafting service is a small price to pay for the peace of mind and risk mitigation it provides.
By choosing Polinoe’s charter party drafting service, clients can benefit from expert knowledge, reduced risk, time and cost efficiency, and tailored solutions, ensuring that their charter party agreements are robust and protect their interests.
At our charter party drafting department, we employ professionals with a wealth of experience in maritime law and chartering practices. With our highly experienced drafting team and dedicated platform, your charter parties are always readily available, drafted using official industry-standard forms for accuracy and compliance.
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