What is probably the most commonly defined trading area in time charters for a vessel trading worldwide?

“Worldwide within Institute Warranty Limits”.Β 

This prohibits the vessel from entering the major areas of the world prone to icing, and from carrying Indian coal during a specified period within a defined zone. (For more information see Insurance Warranties in Section G. )


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In respect of trading limits, what other document should a time charter not conflict with?

How might a shipowner fixing his ship on time charter seek to protect himself from action by the International Transport Workers’ Federation (ITF)?