Suspending Performance Under Bargehire – A Useful Right For Owners?

Capt. John

Under a conventional cargo time charter party, the right to suspend performance for non-payment of hire provides owners with a powerful commercial tool to leverage late hire payments. However, based on industry feedback, applying the same sanction under BARGEHIRE is impractical. A barge fixed on...

https://www.hellenicshippingnews.com/suspending-performance-under-bargehire-a-useful-right-for-owners/

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