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.

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Written by Ship Inspection

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Breakbulk (cargo) (BB)

Breaking bulk (BB)