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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 Consultants
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