Commercial Maritime Law
Art. 142Status unknownSaudi ArabiaRegulation
Issued by Ministry of Investment (misa.gov.sa)
1. A charterparty shall only be established in writing, and shall include the
vessel’s name, tonnage, class, state it belongs to, lessor, and charterer, as
well as the place and time agreed upon for loading and discharge, amount
of freight, and the amount of compensation in case of delay in loading or
discharge. The contract shall also provide for whether the charterparty is for
the whole or part of the vessel, and whether it is for a specified period or for
one or more specified voyages.
2. The sale of a vessel shall not result in the termination of the charterparty.
The Arabic text is the legally binding version. The English translation is provided for guidance only.
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