Chartering of vessels
In the period of charter the vessel is in fact out of owner’s possession, and the charterer uses the vessel for his own benefit without actual control of the shipowner. Inmarine performs complex legal evaluation of charterer’s reliability and of risks related to chartering away the vessel in general. A system of legal norms on vessel’s exploitation is developed, which guarantees vessel’s satisfying technical and commercial state and a possibility to control risks of non-payment of freight, collisions and other incidents, including passing of maritime claims by third persons.
The charter (lease) contract of a vessel is void if it is transferred to the charterer (tenant) prior to its state registration by the shipowner (lessor), and if the lack of registration resulted in the impossibility of the operation of this vessel by the charterer (tenant).
Is the use of the vessel suspended on charter during the drift period?