Off-Hire definition
Examples of Off-Hire in a sentence
All requirements of the Vessel whatsoever during or in connection with periods of Off-Hire shall be provided and paid for by Owner, notwithstanding that such requirements would otherwise be provided and paid for by Charterer under this Article 12.
The Vessel shall be Off-Hire during any such period but all compensation received with respect thereto shall be for Owner’s account.
Any time lost as a result of the Vessel’s failure to meet such required cargo liquid saturation pressure on arrival shall be for Owner’s account and the Vessel shall be Off-Hire.
Notwithstanding the foregoing, the Off-Hire Allowance may not be cumulated from year to year and may only be used in the period in which it accrues.
Without regard to any other remedy to which Charterer is entitled, if an Event of Off-Hire has occurred, all Hire shall cease to be due or payable and the Vessel shall be treated as “Off-Hire” in respect of all of the time lost (as calculated under section 14.3) as a consequence of said Event of Off-Hire.