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eBook details

Title: Measures would be Taken by the Courts in Deciding Whether to Trigger the Off-Hire Clause (Report)
Author : Management Science and Engineering
Release Date : January 01, 2009
Genre: Education,Books,Professional & Technical,
Pages : * pages
Size : 91 KB

Description

1. INTRODUCTION It is commonly believed that the most critical point involved in the charterparty is the efficiency of the vessel. The reason of the charterer signing the charterparty is to utilize the full efficient vessel for affreightment. Meanwhile, the shipowner wants to earn the hire by putting the vessel under the charterparty with least risk. So, there is collision of interests between charterer and shipowner. In essence, the keystone of the collision is whether the vessel is fully efficient and how to apportion the risks between two parties.