Lesson 3: Time Charter Parties and Bareboat Charter Parties Flashcards

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1
Q

Charterer’s obligation to pay hire

A
  • it is payed at a daily rate and payable in advance
  • ## Has to be on time and on the right amount
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2
Q

Off-hire

A

the point in time when the ship’s hire permanently ceases under the time charter in which the clause is found

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