Hire payment in time charters: a condition or not – a legal perspective
Shipping and Freight Resource
APRIL 22, 2021
In this article we are going to look at some particulars of time charters and, in particular, New York Produce Exchange Form 1993 (NYPE 1993) recommended by BIMCO and FONASBA. The core issue of each time charter is payment of hire, time, amounts and manner of which brings various disputes between the parties on a regular basis.
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