The word SUBJECTS in shipping speak is a shortened way of saying
Subject to "charterers approval" within 24 hours
Subject to "Stem in order" within 2 days
Subject to "my dog not eating my homework"..
You can have 'subjects' in any kind of negotiation. When I bought a house recently the agreement was 'subject to pest inspection' - withing 3 days. Another popular one is 'subject to finance' - 7 days.
So the key here is that 99 percent of the terms and conditions are agreed and now we are just waiting on the 'subjects' before the deal is confirmed. During the waiting period (on subjects) it is not ok to try and re-negotiate the terms and conditions already agreed. That is frowned upon in just about any negotiation...to be sure!
Hope this helps
VS - "Every day above ground is a good day" - Scarface
- The Virtual Shipbroker
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