Owner’s right to withdraw ship for unpaid hire under NYPE Cl. 11 - anti-technicality notice requirement.
Formula
$$ \text{Withdraw} = (d > 3) $$
Symbol legend
| Symbol | Meaning | Unit | Source |
|---|---|---|---|
| $d$ | Days overdue | days | CP terms |
Sources
- BIMCO NYPE 2015 Cl. 11.
Owner’s right to withdraw ship for unpaid hire under NYPE Cl. 11 - anti-technicality notice requirement.
$$ \text{Withdraw} = (d > 3) $$
| Symbol | Meaning | Unit | Source |
|---|---|---|---|
| $d$ | Days overdue | days | CP terms |