Extension of Period. Any loss of time during which the vessel is off hire shall count as part of the charter period. The Charterers, however, in its option shall be able to add any or all of the off hire time to the period of the charter as an extension of the charter period. Cargo Operations
Appears in 9 contracts
Samples: Pool Agreement (Gener8 Maritime, Inc.), Participation Agreement (Gener8 Maritime, Inc.), Participation Agreement (Gener8 Maritime, Inc.)
Extension of Period. Any loss of time during which the vessel is off hire shall count as part of the charter period. The Charterers, however, in its option shall be able to add any or all of the off hire time to the period of the charter as an extension of the charter period. Cargo Operations.
Appears in 2 contracts
Samples: Pool Agreement (Gener8 Maritime, Inc.), Participation Agreement (Gener8 Maritime, Inc.)
