in

Breakdown clause

Breakdown clause. Time charterparties contain a clause providing that if the ship is unavailable for the charterer’s use because there is loss of time as a result of “…breakdown or damages to hull, machinery or equipment…” (among other causes) payment of the hire money to the shipowner ceases for all or some of the time lost.

Share this:

Written by Ship Inspection

Leave a Reply

    Breakbulk (cargo) (BB)

    Breaking bulk (BB)