Overview
Shelltime 4 and ShellLNGTime – A Comparison of Shelltime 1984, Shelltime 2003 and ShellLNGTime 1 is a ready reference for those engaged in oil and gas chartering on the ever popular Shelltime forms. It provides guidance on legal aspects and discusses the wording and interpretation of charterparty clauses.
The publication provides guidance mainly on legal aspects. These charterparty forms are widely used in the market by owners and charterers both within and outside the Shell Group. This discussion of the wording and interpretation of the charterparty clauses will be of invaluable assistance to owners and charterers who are fixing tankers on these forms.
Content
PREFACE
INTRODUCTION
1. Description and condition of vessel / safety management: clause
Changes in regulations: 2003 (b) (c) and (g), ShellLNGTime (c) (d) and (j) (first sentence)
and ShellLNGTime clause 4(d)
Changes in ownership (etc.): 2003 (i), ShellLNGTime (l)
Safety management: 2003 (j) to (l), ShellLNGTime (m) to (o)
SIRE inspections: 2003 (m) / ShellLNGTime (p)
"And throughout the charter period"
2. Shipboard personnel and their duties: clause 2
3. Duty to maintain: clause 3
4. Period and trading limits (and safe places): clause 4 (and ShellLNGTime clause 7)
5. Laydays / cancelling: clause 5 / ShellLNGTime clause 7
6. Owners to provide: clause 6, ShellLNGTime clause 8
7. Charterers to provide: clause 7, ShellLNGTime clause 9 and clause 5 lines 158-161
8. Rate of hire clause 8 (2003), ShellLNGTime clause 10
9. Payment of hire clause 9 (2003), ShellLNGTime clause 11
10. Space available to charterers: clause 10, ShellLNGTime clause 12
11. Tonnage certificate: 2003 clause 11
12. Instructions and logs: clause 12, ShellLNGTime clause 13
13. Bills of lading: clause 13, ShellLNGTime clause 14
14. Conduct of vessel's personnel: clause 14, ShellLNGTime clause 15
15. Bunkers at delivery and redelivery: clause 15, ShellLNGTime clause 5 lines 144-157
and 162 to 165
16. Stevedores, pilots, tugs: clause 16, ShellLNGTime clause 17
17. Supernumeraries: clause 17, ShellLNGTime clause 18
18. Sub-letting/assignment/novation: clause 18, ShellLNGTime clause 19
19. Final voyage: clause 19, ShellLNGTime clause 20
20. Loss of vessel: clause 20, ShellLNGTime clause 21
21. Off-hire: clause 21, ShellLNGTime clause 22, and the treatment of boil-off under ShellLNGTime
Boil-off under ShellLNGTime
22. Periodical drydocking: clause 22, ShellLNGTime clause 24
23. Ship inspection: clause 23, ShellLNGTime clause 25
24. Detailed description and performance: clause 24, ShellLNGTime clause 26
("Key Vessel Performance Criteria")
25. Salvage: clause 25, ShellLNGTime clause 27
26. Lien: clause 26, ShellLNGTime clause 28
27. Exceptions: clause 27, ShellLNGTime clause 29
28. Injurious cargoes: clause 28, ShellLNGTime clause 30
29. Grade of bunkers: clause 29, ShellLNGTime clause 6
30. Disbursements: clause 30, ShellLNGTime clause 31
31. Laying-up: clause 31, ShellLNGTime clause 32
32. Requisition: clause 32, ShellLNGTime clause 33
33. Outbreak of war: clause 33, ShellLNGTime clause 34
34. Additional war expenses: clause 34, ShellLNGTime clause 35
35. War risks: clause 35, ShellLNGTime clause 36
36. Both to blame collision clause: clause 36, ShellLNGTime clause 37
37. New Jason clause: clause 37, ShellLNGTime clause 38
38. Clause Paramount: clause 38, ShellLNGTime clause 39
39. TOVALOP: replaced by "Insurance / ITOPF", 2003 clause 39, ShellLNGTime clause 40
40. Export restrictions: clause 40, ShellLNGTime clause 41
New clauses in 2003 form
41. Business principles, ShellLNGTime Clause 42
42. Drugs and alcohol, ShellLNGTime Clause 43
43. Oil major acceptability
44. Pollution and emergency response
45. ISPS Code / US MTSA 2002
Law, Litigation / Arbitration, etc.
46. Law and litigation: 1984 clause 41, 2003 clause 46, ShellLNGTime clause 46
47. Confidentiality: 2003 clause 47, ShellLNGTime clause 47
48. Construction: 1984 clause 42, 2003 clause 48, ShellLNGTime clause 48
New clauses in ShellLNGTime
49. Notices
50. Definitions
51. Additional clauses 1
52. ShellLNGTime clause 16: LNG retention / supply for operational purposes
53. ShellLNGTime clause 23: Ship to ship transfers
Appendices
I. Shelltime 4 1984
II. Shelltime 4 2003
III. ShellLNGTime 1
Details
Title: INTERTANKO Shelltime 4 and ShellLNGTime
Edition: First
Number of Pages: 178
Published Date: September 2010
Binding Format: Paperback
Author: Intertanko