Allow for novation of TC
13
votes
There is no provision for a novation of a time charter.
Ie. if the charterer or (disponent) owner want's to novate a different company/entity to perform a running TC. Currently the TC contract should be closed out and a new one should be created, this is unnecessary work and can be avoided.
Under consideration
contracts
operations
Suggested by:
Vincent Van de Walle
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Upvoted: 21 Nov, '23
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Comments: 0