Common use of Arrest Clause in Contracts

Arrest. Should the vessel be arrested during the currency of this Charter at the suit of any person having or purporting to have a claim against or any interest in the vessel, hire under this Charter Party shall not be payable in respect of any period whilst the vessel remains under arrest or remains unemployed as a result of such arrest and the Owners shall reimburse to the Charterers any expenditure which they may incur under this Charter in respect of any period during which by virtue of the operation of the Clause no hire is payable. This Clause shall not apply should the arrest be caused through any fault on the part of the Charterers.

Appears in 5 contracts

Samples: Genco Shipping & Trading LTD, Genco Shipping & Trading LTD, Genco Shipping & Trading LTD

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