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SUPPLYTIME 2017 what’s new | what’s changed?

This document highlights the changes in the SUPPLYTIME 2017 contract, including revisions to the knock-for-knock provisions, the exclusion of certain losses, fuel specifications, and maintenance days. It provides a comprehensive overview of the modifications made to the contract.

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SUPPLYTIME 2017 what’s new | what’s changed?

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  1. SUPPLYTIME 2017what’s new | what’s changed? Anna Wollin Manager, Contracts and Clauses MLA Committee – Offshore Industries, 2 May 2018

  2. ST17 what’s new | what’s changed • Knock for knock • Excluded losses • Fuel • Maintenance Days

  3. ST17 what’s new | what’s changed Knock for knock

  4. ST17 what’s new | what’s changed Subclause 14(b)(i) 2005 Knock for knock - Owners “Notwithstanding anything else contained in this Charter Party excepting Clauses 6(c)(iii), 9(b), 9(e), 9(f), 10(d), 11, 12(f)(iv), 14(d), 15(b), 18(c), 26 and 27, the Charterers shall not be responsible for loss or damage to the property of any member of the Owners’ Group, including the Vessel….”

  5. SUPPLYTIME 2017 | EXPANDED DEFINITIONS OF OWNERS’ AND CHARTERERS’ GROUPS ST17 OWNERS’ GROUP ST17 CHARTERERS’ GROUP PARENT COMPANY PARENT COMPANY OWNERS CHARTERERS CONTRACTORS RELATED AND AFFILIATED COMPANIES SUBSIDIARY COMPANIES SUBSIDIARY COMPANY RELATED AND AFFILIATED COMPANIES CONTRACTORS CUSTOMERS CO-VENTURERS SUB-CONTRACTORS SUB-CONTRACTORS CO-VENTURERS CONTRACTORS SUB-CONTRCATORS PARTY LIABILITY FOR PROPERTY AND EMPLOYEES

  6. ST17 what’s new | what’s changed Subclause 14(a)(ii) 2017 Knock for knock - Charterers “…the Owners shall not be responsible for loss of, or damage to, or any liability arising out of anything towed by the Vessel, any cargo laden upon or carried by the Vessel or her tow, any property of any member of the Charterers’ Group, whether owned or chartered, including their Offshore Units, or for personal injury or death of any member of the Charterers’ Group or of anyone onboard anything towed by the Vessel, arising out of or in any way connected with the performance or non-performance of this Charter Party whatsoever and in any circumstances,…” A Turtle Offshore SA and Another v Superior Trading Inc (The “A Turtle”) [2009] 1 Lloyd's Rep. 177

  7. ST17 what’s new | what’s changed

  8. ST17 what’s new | what’s changed Subclause 14(c) 2005 – Consequential Damages Ferryways NV v Associated British Ports [2008] 1 Lloyd's Rep 639

  9. ST17 what’s new | what’s changed Subclause 14(c) 2005 – Consequential Damages  “Neither party shall be liable to the other for any consequential damages whatsoever arising out of or in connection with the performance or non-performance of this Charter Party, and each party shall protect, defend and indemnify the other from and against all such claims from any member of its Group as defined in Clause 14(a).” “Consequential damages shall include, but not be limited to, loss of use, loss of profits, shut-in or loss of production and cost of insurance, whether or not foreseeable at the date of this Charter Party.”

  10. ST17 what’s new | what’s changed Subclause 14(b) 2017 – Excluded losses “…neither party shall be liable to the other for: (i) any loss of use (including, without limitation, loss of use or the cost of use of property, equipment, materials and services including without limitation, those provided by contractors or subcontractors of any tier or by third parties), loss of profits or anticipated profits; loss of product; loss of business; business interruption; loss of or deferral of drilling rights; loss, restriction or forfeiture of licences, concession or field interest; loss of revenue, shut in, loss of production, deferral of production, increased cost of working; cost of insurance; or any other similar losses whether direct or indirect; and (ii) any consequential or indirect loss whatsoever; arising out of or in connection with the performance or non-performance of this Charter Party…” Transocean Drilling UK Ltd v Providence Resources Plc, The Arctic III [2016] 2 Lloyd's Rep 51

  11. ST17 what’s new | what’s changed Subclause 10(d) 2005 – Bunkers “Liability – The Charterers shall be liable for any loss or damage to the Owners caused by the supply of unsuitable fuels or fuels which do not comply with the specifications and grades set out in Box 19(iv)…”

  12. ST17 what’s new | what’s changed Subclause 10(e) 2017 – Fuel “Compliance – The Vessel’s Chief Engineer, or nominee, may at any time before or during the loading of any fuel, stop the loading if such person reasonably believes that it does not comply with Subclause 10(d) until such time as the Charterers or the fuel supplier have reasonably demonstrated their compliance with Subclause 10(d). The Vessel shall remain on hire during any stoppage of loading under this Clause.”

  13. ST17 what’s new | what’s changed Subclause 13(c)(i) 2017 – Maintenance “Maintenance – Notwithstanding Subclauses 13(a) and 13(c)(ii), the Owners shall be entitled to twenty-four (24) hours on hire per month or pro rata, which shall be cumulative, from the commencement of the charter period for the purposes of maintenance, survey, repair and dry-docking (Maintenance Days).” “Using, or not using Maintenance Days shall be the Owners decision alone and they shall give the Charterers reasonable notice of their intention to use such days and how many. Hire shall not be payable for accumulated Maintenance Days not used by the Owners. However, hire for any Maintenance Days which, at the Charterers’ request, have not been used shall be payable on redelivery or earlier termination of the Charter Party.”

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