Subject to insurance. This is one restriction in a charterparty that is not really relevant to the making of the formal contract in the same way that the other "subjects" are.
Subject financing. This qualification can be used by a charterer to indicate that he is attempting to finance a transaction for which he needs a ship, for example, he wishes to purchase a quantity of bulk cargo such as sugar, and needs a ship to transport it. It can also be used by a purchaser of a ship before confirming that he can complete the purchase.
Subject to . . . Many other examples can be cited of the use of "subjects" and both owners and charterers and their middlemen, the shipbrokers, do have considerable imagination to invent and introduce new situations which are meant to influence the enforceability of a time charter or a voyage charter.
Subject to strike and lockout clause. In a similar manner to "subject to dry-docking clause", this qualification indicates that the parties are in agreement to all the terms provided one party accepts the wording of a clause setting out the rights and responsibilities of the parties should the event mentioned take place.
Subject to licence being granted. This term is used in negotiations as regards the chartering of a vessel at a time when owners are not free to commit their vessel for a certain employment without having obtained the approval of competent authorities. Consequently, a charterparty issued under such condition is not effective until such licence has been definitely granted.