Investor Presentaiton
Off-hire
Existing Charterparties: delays resulting by the detention of the vessel due to
non-compliance or the deviation from her route to obtain fuel, will most likely
not be covered in the bespoken clauses.
A solution to that could be to incorporate the clause 15 of the NYPE '46, but
only if there is a listed off-hire event and the 'full working if the vessel' is
prevented.
Future Charterparties: The drafting of off-hire clauses in new charterparties
should be drafted carefully.
In this respect clauses should be developed in such a way where they
anticipate any possible delay that can reasonably occur as a result of the low
sulphur fuel usage, such as possible engine break downs due to incompatible
fuel blends.
michaelkyprianou
Advocates Legal ConsultantsView entire presentation