Light Running Sample Clauses

The "Light Running" clause defines the conditions under which a vessel operates with minimal or no cargo on board, often for repositioning or to meet scheduling requirements. In practice, this clause outlines the responsibilities for costs, such as fuel and crew, and may specify how freight or hire is calculated during these periods when the vessel is not fully loaded. Its core function is to allocate financial and operational responsibilities between the parties when the vessel is running light, thereby preventing disputes and ensuring clarity in contractual obligations.