Common use of Calculation of Time Lost Clause in Contracts

Calculation of Time Lost. (a) The time lost shall be calculated from the commencement of the loss of time, deviation or putting back until the Vessel is again in a fully efficient state, is again ready and positioned in all respects for service under this Charter and is in a position not less favorable in all respects for the performance of the service required of the Vessel by Charterer than that at the commencement of the loss of time, deviation or putting back. In case of dry-docking pursuant to Article 15, time lost shall (unless otherwise agreed) continue from the day and hour of the deviation to proceed to the dry-dock port until the Vessel is again in the same or equivalent position. Any period of time the Vessel is in lay-up pursuant to Charterer’s orders under Article 10 shall not be considered time for dry-docking. (b) Time lost for purposes of this Article 14 shall also include time lost in order to prepare the Vessel to return to service hereunder, including inerting, purging and cooling in excess of that undertaken at normal loading. (c) For the purposes of determining time lost, service given or distance made good by the Vessel while Off-Hire shall be taken into account.

Calculation of Time Lost. (a) The time lost shall be calculated from the commencement of the loss of time, deviation or putting back until the Vessel is again in a fully efficient state, is again ready and positioned in all respects for service under this Charter and is in a position not less favorable favourable in all respects for the performance of the service required of the Vessel by Charterer than that at the commencement of the loss of time, deviation or putting back. In case of dry-docking pursuant to Article 15, time lost shall (unless otherwise agreed) continue from the day and hour of the deviation to proceed to the dry-dock port until the Vessel is again in the same or equivalent position. Any period of time the Vessel is in lay-up pursuant to Charterer’s orders under Article 10 shall not be considered time for dry-docking. (b) Time lost for purposes of this Article 14 shall also include time lost in order to prepare the Vessel to return to service hereunder, including inerting, purging and cooling in excess of that undertaken at normal loading. (c) For the purposes of determining time lost, service given or distance made good by the Vessel while Off-Hire shall be taken into account.