Back in Service definition
Back in Service or "Returned to Service" means that after replacement or repair of a hard down terminal has been performed, the terminal remaining at the retail location following replacement or repair is capable of performing all terminal functions.
Examples of Back in Service in a sentence
If Charterer does not extend this Time Charter for the Extension Charter Period, subject to Shipowner's right to Place the Vessels Back in Service, Shipowner shall, as promptly as practicable following expiration of the Basic Charter Period, lay-up the Vessels and wind down its business and operations using its commercially reasonable efforts to minimize the operating and related costs incurred by it during such wind down period.