
Season 3 - Episode 5 - Charterparties (Sign Fast, Think Faster)
The charterparty gets signed at speed. The ops team takes over. And the document sits in a folder until something goes wrong. In this episode, Alison breaks down how to manage charterparty risk well — even when you're moving fast. That means understanding your rider clauses, knowing what to do in the days immediately after signing, and using the life of a fixture to set yourself up better for the next one. What we cover: Why rider clauses are powerful — and why a poorly drafted one can create more ambiguity than the gap it was trying to fill The four questions to ask in a post-signing review (and why it's not a six-week exercise) The clause development file: a simple habit that changes your negotiating posture for every future fixture What the clients who manage charterparty risk well actually do differently Key concepts from this episode: Rider clauses — bespoke provisions that sit alongside the printed charterparty form. In most charterparties, they take precedence over the printed form where there's a conflict. Common inclusions: cargo-specific requirements, deviation provisions, off-hire triggers, bunker specifications, environmental compliance, and sanctions provisions. Post-signing review — a focused review of the charterparty after execution to map commercial risk. Not a due diligence exercise; a practical read with four questions: where are the commercial triggers, where are the asymmetries, where are the gaps, and what does the counterparty's performance obligation actually look like? Clause development file — an ongoing record of issues, ambiguities, and desired amendments built during the life of a fixture. The starting point for next time's negotiations. Work with Alison: If you need a charterparty reviewed — whether you signed last week or you're six months into an eighteen-month charter — Cusack & Co can help. 🌐 cusackandco.com.au📩 Reach out via LinkedIn or drop your details via the contact form: forms.office.com/r/3wV6PS9wPB Support seafarers: The Mission to Seafarers provides welfare support to crew around the world.🔗 missiontoseafarers.org The Shipping Lawyer is hosted by Alison Cusack, founder of Cusack & Co, a specialist maritime law firm. The podcast covers shipping law, maritime practice, and the commercial realities of the industry. Nothing in this podcast constitutes legal advice. If you have a specific legal issue, please seek independent advice. If you enjoyed this episode: please leave a review, subscribe, and share with colleagues in shipping, logistics, or maritime law. It helps more people find the show.