To protect his interest, shift the risk of time loss, the charterer turns to the off - hireclause of the time charter party.
为保护自己的利益,转嫁部分的时间损失风险,承租人往往要在期租合同中订入停租条款。
2
Primarily, the article expatiates the off-hireclause and the essential to fix it in the CP. Meantime, it describes the way to pay hire under the CP n the hire must be paid punctualy and adequately.
Under the Anti-technique clause of NYPE 93 form, if charterers fail to pay hire fully and punctually, owners shall give charterers a grace period to pay hire, but can't withdraw vessel.