lay-up definition
lay-up means any vessel not on an assigned route or designated as an extra service vessel, and shall not include spare vessels.
lay-up means to anchor or moor a ship which is temporarily withdrawn from service;
lay-up means a vessel that is not on contract, At Sea, underway, or in operation and is held in readiness with a view to obtaining a contract for task.
More Definitions of lay-up
lay-up means mooring a ship at a protected anchorage, shutting down substantially all of its operating systems and taking measures to protect against corrosion and other deterioration.
lay-up means the lay-up for a period of more than 3 months during which the Vessel is moored in a secured location and all her systems are shut down with minimum ongoing maintenance to prevent deterioration of the Vessel’s hull structure and machinery. During this period, a specialist lay-up crew may be employed and/or only watchmen may be appointed by a contracted ‘housekeeping’ company to be selected by the Owner.
lay-up means where a vessel or Vessel (as the case may be) ceases trading and is put out of commission for a period of time (either by way of hot lay-up, cold lay-up or otherwise).
lay-up means taking your yacht out of active ser- vice and decommissioning it for the period of time as shown in the declarations. Lay-up can include either storage on land or afloat.