Charter - Off-Hire Deduction
Off-hire deduction from a time-charter hire payment when the vessel is not fully available - per NYPE / Baltime clauses.
Hire off-hire deduction
9,000USD
Bunker deduction
2,480USD
Total off-hire credit
11,480USD
Formula, assumptions, and limits
NYPE Cl. 15 includes the bunker consumed during off-hire. Off-hire causes: breakdown, deficiency of crew, default of officers. Owners can rebut with proof of mitigation.
Symbol legend
| Symbol | Meaning | Unit | Source |
|---|---|---|---|
| Daily hire | USD/day | CP fixture | |
| Off-hire duration | h | SOF |