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2 The CAP is applicable to oil tankers, bulk carriers, LPG carriers and chemical tankers of 15 years of age and above, and may well be used for ships at other ages and for other types of ships.

Berth Charterparty Vs Port Charterparty In a Port Charterparty, the ship will be considered arrived when the ship has reached the fiscal and geographical limits of the port, and laytime will begin to count ingly. In a Berth Charterparty, laytime will not commence until the ship has reached its designated berth.

CAP is a voluntary, thorough verification of the condition of the vessel at the time of inspection. The main purpose is to document the quality of aged vessels and to make it possible to judge the vessel based on its current condition rather than its age.

CAP1 is the maximum rating corresponding to ?very good? actual condition of ship (or ship's components and elements). CAP2 corresponds to ?good? actual condition of ship (or ship's components and elements). CAP3 corresponds to ?satisfactory? actual condition of ship (or ship's components and elements).

(1) CAP-HULL RATING. (a) Rating Level 1 : "Very Good Condition" Items examined and measured found with only superficial reductions from "as new" or current rule scantlings. No maintenance or repair required.

CAS is a mandatory statutory survey scheme that Category 2 and Category 3 (non-double hull) oil tankers must satisfactorily complete (with no outstanding recommendations) by 15 years of age or by the first intermediate or renewal survey due after 5 April 2005, which ever occurs later, in order to trade to their ...

It refers to the period within which the ship is expected to arrive at the port and be ready to load or discharge cargo. This period is typically given as a range of dates. For example, a Laycan of 1st June to 10th June means the ship is expected to arrive between these dates.