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      Chapter

      Charter freight terms
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      Chapter

      Charter freight terms

      DOI link for Charter freight terms

      Charter freight terms book

      Charter freight terms

      DOI link for Charter freight terms

      Charter freight terms book

      ByPeter Brodie
      BookCommercial Shipping Handbook

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      Edition 2nd Edition
      First Published 2006
      Imprint Informa Law from Routledge
      Pages 3
      eBook ISBN 9781315832685
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      ABSTRACT

      If during the charter the ship or an important piece of equipment breaks down, the ship is taken off hire by the charterer. Hire money is temporarily suspended until the breakdown is repaired. In practice, hire money may continue to be paid by the charterer, and refunded after the ship comes back on hire, together with a refund covering the amount of bunkers consumed during this period. The document detailing the off hire period is called the off hire statement (see example, p. 88).

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