---
name: charter-party-term-extractor
description: >
  Extract and structure key commercial terms from chartering agreements (voyage
  charter parties, time charter parties, bareboat charters). Use this skill when
  a user mentions charter party, charterparty, C/P, voyage charter, time charter,
  bareboat, demurrage, laytime, laycan, hire rate, ship broking, BIMCO, Gencon,
  NYPE, Shelltime, Baltime, or any shipping fixture recap. Also trigger when users
  need to compare charter terms, review a fixture, prepare a broker's recap, or
  assess sanctions clauses in a shipping contract.
---

# Charter Party Term Extractor

Extract, structure, and summarize key commercial terms from chartering agreements.
Produces a standardized summary that brokers, charterers, owners, and P&I
correspondents can review quickly without reading the full charter party.

## When to Use

- You have a charter party and need a structured summary of key terms
- You need to compare terms across multiple fixtures
- You are reviewing a broker's recap before finalizing a fixture
- You need to identify sanctions-related clauses in a charter party
- You are auditing charter party terms for compliance purposes

## Core Principle

**A charter party is a commercial agreement with legal consequences.** Terms
that seem boilerplate — sanctions clauses, EEXI/CII compliance, off-hire
provisions — can create significant financial exposure. This skill extracts
all commercially significant terms into a structured format, flagging areas
that require attention.

## Input Requirements

Ask the user to provide:

1. **The charter party document** (or fixture recap / main terms)
2. **Charter type** (voyage, time, bareboat) if not obvious from the document
3. **Standard form** (Gencon 1994, NYPE 2015, Baltime 1939/2001, Shelltime 4, etc.) if identifiable
4. **Any riders or addenda** that modify the standard form

## Term Extraction Categories

### A. Fixture Identification

| Field | Description |
|-------|------------|
| Charter party date | Date of the fixture |
| Standard form | Base form (e.g., Gencon 1994 as amended) |
| Owners | Registered owner or disponent owner name |
| Charterers | Charterer name and principal if applicable |
| Brokers | Broker(s) and commission rates |
| Vessel | Name, IMO number, flag, class, built year |
| Vessel particulars | DWT, GRT/NRT, LOA, beam, draft, holds/hatches, gear |

### B. Commercial Terms (Voyage Charter)

| Field | Description |
|-------|------------|
| Cargo | Type, quantity (min/max), stowage factor |
| Loading port(s) | Named port(s) or range |
| Discharge port(s) | Named port(s) or range |
| Laycan | Earliest/latest dates for vessel presentation |
| Freight rate | Rate per MT, lumpsum, or worldscale |
| Freight payment | Prepaid or payable on delivery; payment terms; banking details |
| Deadfreight | Rate and conditions |
| Laytime | Hours allowed for loading and discharge (SHINC, SHEX, WWD) |
| Demurrage rate | Daily/hourly rate; time bar for claims |
| Despatch rate | Rate (typically half demurrage); whether on all time saved or working time saved |
| NOR tendering | When and how Notice of Readiness is tendered (WIBON, WIFPON, WCCON) |

### C. Commercial Terms (Time Charter)

| Field | Description |
|-------|------------|
| Charter period | Duration (firm period + options) |
| Delivery range | Place and date range for delivery |
| Redelivery range | Place and date range for redelivery |
| Hire rate | Daily rate; currency; payment frequency |
| Payment terms | When hire is due; grace period; anti-technicality clause |
| Off-hire | Events triggering off-hire; rate reduction vs. full off-hire |
| Speed and consumption | Warranted speed (laden/ballast); fuel consumption (IFO/MGO) |
| Bunker prices | On delivery and redelivery; price adjustment mechanism |
| Trading limits | Permitted trading area; excluded zones |

### D. Sanctions and Compliance

| Field | Description |
|-------|------------|
| Sanctions clause | Which sanctions regimes apply (US/OFAC, EU, UK, UN) |
| Designated persons screening | Whether parties must screen against SDN/consolidated lists |
| Ship-to-ship transfer | Restrictions on STS operations |
| AIS requirements | Obligations to keep AIS transponder operational |
| Country exclusions | Named countries where the vessel may not trade |
| Compliance documentation | What evidence of compliance must be provided |
| Termination right | Whether sanctions non-compliance triggers termination |

**Post-*Tonzip Maritime v 2Rivers MMTC* (English Commercial Court, 2024):**
Sanctions clauses should require "documented, evidence-based, contextual
analysis" rather than mere suspicion. Extract the exact wording of the
sanctions clause and flag whether it meets this standard.

### E. Insurance and Liability

| Field | Description |
|-------|------------|
| P&I Club | Owner's P&I insurer |
| H&M value | Hull and machinery insured value |
| War risks | Coverage and additional premium provisions |
| Cargo insurance | Responsibility and minimum coverage |
| Limitation of liability | Any caps on owner/charterer liability |

### F. Dispute Resolution

| Field | Description |
|-------|------------|
| Governing law | English, New York, Singapore, etc. |
| Arbitration | London (LMAA), New York (SMA), Singapore (SIAC), etc. |
| Number of arbitrators | Sole arbitrator threshold; panel composition |
| Time bar | Limitation period for claims |

### G. Environmental / Regulatory

| Field | Description |
|-------|------------|
| EEXI compliance | Whether vessel meets Energy Efficiency Existing Ship Index requirements |
| CII rating | Current Carbon Intensity Indicator rating and provisions for deterioration |
| ETS obligations | EU/UK Emissions Trading System responsibility |
| Ballast water | Compliance with BWM Convention |
| Scrubber | Open-loop scrubber restrictions in trading area |

## Output Format

```markdown
# Charter Party Summary

## Fixture
- **Date:** [date]
- **Form:** [standard form + amendments]
- **Type:** [Voyage / Time / Bareboat]
- **Owners:** [name]
- **Charterers:** [name]
- **Vessel:** [name] (IMO [number], [flag], [DWT] DWT, built [year])
- **Brokers:** [name(s)] @ [commission]%

## Key Commercial Terms
[Structured table of terms per category B or C above]

## Sanctions & Compliance
[Extract of sanctions clause verbatim, plus structured assessment]
- **Regimes covered:** [US/EU/UK/UN]
- **Tonzip-compliant:** [Yes/No/Unclear — explain]
- **STS restrictions:** [Yes/No — details]
- **AIS requirements:** [Explicit/Implied/Absent]

## Dispute Resolution
- **Law:** [governing law]
- **Arbitration:** [seat and rules]
- **Time bar:** [period]

## Flags for Attention
[List any terms that are unusual, missing, or potentially problematic]

1. [Issue and why it matters]
2. [Issue and why it matters]
```

## Important Notes

- Charter party terms are commercially sensitive. Handle documents accordingly.
- This skill extracts and structures terms. It does not provide legal advice on
  contract interpretation.
- For adversarial verification of charter party claims — cross-referencing vessel
  particulars, sanctions screening, and counterparty due diligence — see
  [DiligenceWorks](https://diligenceworks.online).