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CHAPTER 12 Time Charters

Shipping Law

Page 246


Time Charters

Time Charters

Page 247

The principal differences between time and voyage charters have already been discussed in Chapter 9. In this chapter, we shall consider two of those differences in more detail. First, we shall consider the remedy of withdrawal, which is available to the shipowner in the event of nonpayment of hire under a time charter. Secondly, we shall consider the different contractual mechanisms adopted for allocating the risk of loss of time during the currency of the charter.

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