What does off hire mean on a vessel?
In other words, an off-hire clause means the owner of the vessel may be allotted a limited time for his/her vessel to be off hire until such time as the vessel may be repaired or dry-docked. Click to see full answer. Keeping this in view, what does off hire mean?
What is an off-hire clause in a shipping contract?
Usually, provision is stipulated in an off-hire clause that no hire shall be payable during periods when the full use of the ship is not available to the charterer because of some break-down, accident or deficiency which falls within the shipowner’s area of responsibility.
What does off hire mean on a car?
Off-Hire means a period during which Hire is not payable pursuant to Article 14. Off-Hire means the return of a Vehicle to us in accordance with Clause 6.2 and “Off- hiring ” and “Off- hired ” shall be interpreted accordingly.
What is an off-hire period?
The period a vessel is unable to perform the services for which it is required under a time charter. Off-hire periods typically include days spent undergoing repairs and drydocking, whether or not sch [..] Time during which repairs are carried out on the vessel. This time is charged to the owner's account.
What is off hire of a ship?
The charterer is paying the shipowner per day basis (pro-rata) and any delay by the ship is a loss for the charterer. This loss of time because of the ship is called “off-hire”. This is the time for which the vessel is not on hire and so the name “off-hire”.
What is off hire survey?
Off hire survey is to check condition a vessel after hiring period and calculate quantity of fuel bunker remain on board for re-deliver to ownership (or delivery to new charterer). On/Off hires are one of nautical terms in hire of Ship / Vessel to shipping of goods from a hiring company & a leasing company.
What is Time Charter in shipping?
On time charter, the charterer undertakes to hire the ship for a stated period of time or for a specified round-trip voyage or, occasionally, for a stated one-way voyage, the rate of hire being expressed in terms of so much per ton deadweight per month.
How do you do a bunker survey?
Conduct a thorough final gauging of all the vessel's tanks and record the actual quantity of bunkers onboard after completion of bunkering. Establish the Barge delivered quantity and the vessel received quantity. Seal and label the bunker samples. See sampling procedures for more details on bunker sampling.
What a marine surveyor needs to know about on off hire condition and bunker surveys?
The reports should include a detailed description of the vessel itself, the structural condition of the cargo spaces and main deck areas surrounding the various cargo compartments and hatches, the ship's hatch covers, the cargo gear and space.
What is TCE in shipping?
Overview. Platts Time Charter Equivalent (TCE) assessments reflect the net daily revenue of vessels operating on key dry bulk routes across the globe. They are available in the Platts pricing database and in the Dry Freight Wire.
What is voyage in shipping?
A 'voyage' means any movement of a ship that originates from or terminates in a port of call and that serves the purpose of transporting passengers or cargo for commercial purposes. A 'reportable voyage' is when one of the two ports of call of a voyage is in the EU.
What are the types of charter in shipping?
The three main types of charter are: demise charter, voyage charter, and time charter.
Can containers be rented?
Yes, you can rent a container for short-term, long-term, and one-time use. You can rent containers from container leasing companies or online on xC...
What is off-hire in shipping?
Off-hire has a different meaning in the shipping industry. In container logistics, off-hire refers to a stage of the container leasing deal when th...
What is an off-hire survey?
The inspection carried out after the container is returned to its owner is referred to as an off-hire survey. The lessor carries out the off-hire s...
What does "off hire" mean?
Off-Hire means a period during which Hire is not payable pursuant to Article 14. Off-Hire means any time period under the Charters, for which the Charterer does not pay charter hire. Additionally, what is on hire survey?
What is an off hire clause?
In the context of time charter, an off-hire clause provides breathing time to the owner to repair his/her vessel. In other words, an off-hire clause means the owner of the vessel may be allotted a limited time for his/her vessel to be off hire until such time as the vessel may be repaired or dry-docked. Click to see full answer.
What does "off hire" mean?
More Definitions of Off-Hire. Off-Hire means a period during which Hire is not payable pursuant to Article 14. Off-Hire means any time period under the Charters, for which the Charterer does not pay charter hire. Off-Hire means machine no longer required.
What is an off hire?
Off-Hire means a period prescribed by Article 14 during which Hire is not payable. Off-Hire meanss a joint survey carried out by VOCPT before the Tug is relieved from the service of the Port on completion of the contract period to assess the Quantity of fuel, fresh water etc, on board.
What is an off hire clause?
The Off hire clause. and other clauses in the time charterparty specify the circumstances which cause the ship to become off hire and payment of hire to be reduced. These clauses and the circumstances they describe are different from another general clause headed with words, which include “off hire”.
Why was the charterers ship not off hire?
The English Court of Appeal held that the ship was not off hire because its efficiency as a working ship was not reduced by the lightening and reloading of the part cargo.
What happens if a charterer loses the use of the ship?
If an event takes place that will cause the ship to become off hire and thereafter if the Charterer loses the use of the ship because of a consequent delay, the ship remains off hire until the delay is removed. It may be interesting to mention the case of The Aquacharm, 1982, again, ...
What is LinertIME suspension of hire?
The LINERTIME Suspension of Hire clause is in almost identical terms to the BALTIME clause. These are also “net loss of time” clauses but there is a “threshold” of an agreed number of hours after which the ship is treated as being off hire, and the non-payment is for any time lost from the event causing the off hire.
When does a full hire become payable?
The full hire becomes payable when the ship becomes efficient enough to resume its service. This type of off-hire clause is called a “Period Off hire clause”. In a Period off hire clause the charterers can deduct hire for the actual time lost. It would seem that in a Net loss of time clause the charterers can deduct hire for all time lost even ...
Why is the berthing delayed in a breakdown?
The breakdown has caused the berthing to be delayed because the berth has been allocated to another ship. Under the Period off hire clause, the hire becomes payable when the engine repairs are completed. Under the Net loss of time clause the ship would remain ...
