Hire payment in time charters: a condition or not – a legal perspective
Shipping and Freight Resource
APRIL 22, 2021
In this article we are going to look at some particulars of time charters and, in particular, New York Produce Exchange Form 1993 (NYPE 1993) recommended by BIMCO and FONASBA. It is an optional clause of the contract which the shipowner may choose whether to exercise it or not.
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