OUR EXPERIENCE

Development of standard contracts of charter and sale of river passenger vessels for river excursion shipping line

The client, «Russian Cruises» LLC has addressed us for development of individual contracts of sale and purchase and of charter of river fleet in an unseaworthy condition. The charter has been planned to include set-off of freight payments against expenses for repair works on chartered vessels with later purchase of these vessels by the charterer. 

Our services in the case

Three universal and individual contracts for time charter, bareboat charter and sale and purchase of vessels have been drafted. A mechanism of set-off of freight payments against expenses for repair works on the vessel into a seaworthy state has been created. Control methods for the charterer in relation to crew activities have been introduced. Risks of demurrage of vessels and shortfall of fuel have been eliminated.