Time Charter. Hire.

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Payment of hire is a primary obligation of the charterer under the terms of time charter contract. Payment of hire is an absolute obligation and is not excused by accident or inadvertence.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Igor Sterzhantov s.r.o. | Attorney Advertising

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