Virtual Arrival Clause for Voyage Charter Parties

Following the adoption of the Slow Steaming Clauses for Time and Voyage Charter Parties, the Working Group continues work on a virtual arrival clause. It was originally the intention to address the concept of ‘Virtual Arrival’ in the voyage charter party version of the Slow Steaming Clause, but in order to keep the clauses simple, the Working Group has decided to create a separate free-standing Virtual Arrival Clause. It is expected that a final clause will be ready for adoption in Spring 2013.