Becoming a signatory

Who can become a Signatory of the Sea Cargo Charter?

At present, all bulk charterers can become Signatories of the Sea Cargo Charter: those with interest in the cargo on board; those who simply charter out the vessels they charter in; as well as the disponent owners and all charterers in a charterparty chain.

The Sea Cargo Charter must be applied by Signatories in all bulk ship chartering activities that are:

  • on time and voyage charters, including contracts of affreightment and parceling, with a mechanism to allocate emissions from backhaul and ballast voyages,
  • and for voyages carried out by dry bulk carriers, chemical tankers, oil (crude and product) tankers and LNG carriers,
  • and where a vessel or vessels are of at least 5,000 gross tonnage and engaged in international trade.

In addition, the Sea Cargo Charter is applicable to parties involved in a contract for the purchase and sale of commodities, including chains or strings of such contracts, even if such parties do not assume the position of a charterer (e.g. FOB sellers or DAP buyers), but expect their contractual counterparties to become charterers. When such parties become signatories to the Sea Cargo Charter, they shall use their best endeavors to ensure that their contractual counterparties adhere to the Sea Cargo Charter.

The scope will be reviewed and may be expanded by Signatories on a timeline that is at their discretion.

How to become a Signatory?

Companies wishing to become a Signatory of the Sea Cargo Charter must submit the Standard Declaration together with the Signatory Application to the Secretariat of the Sea Cargo Charter Association. Once accepted into the Association, the Signatory will have five months to complete and submit the Signatory Self-Assessment to the Secretariat. All relevant documents are available from the Secretariat.

 

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