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- W1535903726 abstract "As the threat of piracy has gradually grown by the early 21st century the shipping industry has been forced to find ways to handle and apportion risks. In regard of piracy this thesis treats two main risk handling tools of the shipping industry – the standard forms and insurance. Focus lies mainly with the standard form clauses on “off-hire”. Also related clauses will be brought under the light as well as insurance issues related to this. The thesis strives to answer the question whether a vessel, chartered on a time charter party, goes off-hire due to an attack by pirates. Further on it is investigated whether so called deviation – to avoid pirates – can found ground for the vessel to go off-hire. Lastly also the impact of the insurance market has on these issues is treated. The question formulation originates from the conflict of interests that has occurred along with the rise of piracy in the Horn of Africa-region and the common usage of standard form based time charter parties in the shipping industry. One of the characteristics of the time charter party is that the ship-owner provides the crew (including master) while the charterer has the right to instruct the master. Hence, the master, employed by the ship-owner, executes the orders of the charterer. Herein lays the main discrepancy in interests where the safety of the crew and large sums of money is at stake.The first chapters of the thesis – on piracy, a general view of time charter parties and a specific review of standard forms – are mainly descriptive. Here is identified the discrepancy of interests described above. Further on cases and doctrine is scrutinized for guidance in issues where the standard forms fails to give clear instructions. Since the negotiating positions of the ship-owner and the charterer are closely related to the insurance market (risks apportioned by the contract may well be insurable and vice-versa) the reader is presented with an overview of the insurance market.The thesis concludes with an analysis, where the questions posed in the introduction get answered, and a conclusion, where the conclusions of the author are presented. Among the standard forms that have been reviewed it can safely be said that a vessel suffering a pirate attack rarely go off-hire because of the pirate attack. Neither does a vessel that deviates to avoid such an attack. It must, though, be pointed out that the off-hire clauses of the standard forms in some cases are very vague and need completion with so called “rider”-clauses to get, for sure, the above stated meaning." @default.
- W1535903726 created "2016-06-24" @default.
- W1535903726 creator A5083835543 @default.
- W1535903726 date "2010-01-01" @default.
- W1535903726 modified "2023-09-27" @default.
- W1535903726 title "At the Threat of Piracy - Hire Issues in Time Charterparties" @default.
- W1535903726 hasPublicationYear "2010" @default.
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