What are the rights and debts of the parties in time chart agreement?
1- Collector’s debt: Collector undertakes the technical management of the ship.
1.1- He is responsible for; Being ready in the predefined place.
1.2- Keeping ship suitable for journey and the conditions during agreement period.
2- Technical management of the ship:
2,1- Technical management of the ship belongs to the person in charge.
2.2- Captain is expected to abide by all the rules decided on the time chart agreement during agreement period.
Source: Turkish Trade Law
Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither MuhasebeNews nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.
