Common use of HIRE PAYMENT Clause in Contracts

HIRE PAYMENT. Notwithstanding the provisions of Clause 9 of the Shelltime 4 form, Charterer shall: (a) not be responsible for any delay or error by Owner’s bank in crediting Owner’s account provided that Charterer has made proper and timely payments; and (b) be responsible for any delay or error caused by Charterer’s bank.

Appears in 7 contracts

Samples: Additional Terms (OSG America L.P.), Additional Terms (OSG America L.P.), Additional Terms (OSG America L.P.)

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