Common use of Loss of Vessel Clause in Contracts

Loss of Vessel. 20. Should the vessel be lost, this charter shall terminate and hire shall cease at noon (GMT) on the day of her loss; should the vessel be a constructive total loss, this charter shall terminate and hire shall cease at noon (GMT) on the day on which the vessel’s underwriters agree that the vessel is a constructive total loss; should the vessel be missing, this charter shall terminate and hire shall cease at noon (GMT) on the day on which she was last heard of. Any hire paid in advance and not earned shall be returned to Charterers and Owners shall reimburse Charterers for the value of the estimated quantity of bunkers on board at the time of termination, at the price paid by Charterers at the last bunkering port. Off-hire

Loss of Vessel. 20. Should the vessel Vessel be lost, this charter Charter shall terminate and hire shall cease at noon (GMT) on the day of her loss; should the vessel Vessel be a constructive total loss, this charter Charter shall terminate and hire shall cease at noon (GMT) on the day on which the vesselVessel’s underwriters agree that the vessel Vessel is a constructive total loss; should the vessel Vessel be missing, this charter Charter shall terminate and hire shall cease at noon (GMT) on the day on which she was last heard of. Any hire paid in advance and not earned shall be returned to Charterers and Owners shall reimburse Charterers for the value of the estimated quantity of bunkers on board at the time of termination, at the price paid by Charterers at the last bunkering port. Off-hire.

Loss of Vessel. 20. Should the vessel vessels be lost, this charter shall terminate and hire shall cease at noon (GMT) on the day of her the loss; should the vessel vessels be a constructive total loss, this charter shall terminate and hire shall cease at noon (GMT) on the day on which the vessel’s vessels’ underwriters agree that the vessel is vessels are a constructive total loss; should the vessel vessels be missing, this charter shall terminate and hire shall cease at noon (GMT) on the day on which she was they were last heard of. Any hire paid in advance and not earned shall be returned to Charterers and Owners shall reimburse Charterers for the value of the estimated quantity of bunkers on board at the time of termination, at the price paid by Charterers at the last bunkering port. Off-hire

Loss of Vessel. 20. Should the vessel Vessel be lost, this charter Charter shall terminate and hire shall cease at noon (GMT) on the day of her loss; should the vessel Vessel be a constructive total loss, this charter Charter shall terminate and hire shall cease at noon (GMT) on the day on which the vesselVessel’s underwriters agree that the vessel Vessel is a constructive total loss; should the vessel Vessel be missing, this charter Charter shall terminate and hire shall cease at noon (GMT) on the day on which she was last heard of. Any hire paid in advance and not earned shall be returned to Charterers and Owners shall reimburse Charterers for the value of the Private and Confidential estimated quantity of bunkers on board hoard at the time of termination, at the price paid by Charterers at the last bunkering port. Off-hire.

Loss of Vessel. 20. Should the vessel be lost, this charter shall terminate and hire shall cease at noon (GMT) on the day of her the loss; should the vessel be a constructive total loss, this charter shall terminate and hire shall cease at noon (GMT) on the day on which the vessel’s underwriters agree that the vessel is a constructive total loss; should the vessel be missing, this charter shall terminate and hire shall cease at noon (GMT) on the day on which she was last heard of. Any hire paid in advance and not earned shall be returned to Charterers and Owners shall reimburse Charterers for the value of the estimated quantity of bunkers on board at the time of termination, at the price paid by Charterers at the last bunkering port. Off-hire

Loss of Vessel. 20. Should the vessel Vessel be lost, this charter shall terminate and hire shall cease at noon (GMT) on the day of her loss; should the vessel Vessel be a constructive total loss, this charter shall terminate and hire shall cease at noon (GMT) on the day on which the vessel’s Vessel's underwriters agree that the vessel Vessel is a constructive total loss; should the vessel Vessel be missing, this charter shall terminate and hire shall cease at noon (GMT) on the day on which she was last heard of. Any hire paid in advance and not earned shall be returned to Charterers and Owners shall reimburse Charterers for the value of the estimated quantity of bunkers on board at the time of termination, at the price paid by Charterers at the last bunkering port. Off-hire.

Loss of Vessel. 20. Should the vessel Vessel be lost, this charter Charter shall terminate and hire shall cease at noon (GMT) GMT on the day of her loss; should the vessel Vessel be a constructive or compromised total loss, this charter Charter shall terminate and hire shall cease at noon (GMT) GMT on the day on which the vesselVessel’s underwriters agree that the vessel Vessel is a constructive or compromised total loss; should the vessel Vessel be missing, this charter Charter shall terminate and hire shall cease at noon (GMT) GMT on the day on which she was last heard of. Any hire paid in advance and not earned shall be returned to Charterers Charterer and Owners Owner shall reimburse Charterers Charterer for the value of the estimated quantity of bunkers and marine gas oil on board at the time of termination, at the price paid by Charterers Charterer (or by Owner for Charterer’s account) at the last bunkering port. Off-hireplace of supply.

Loss of Vessel. 20. Should the vessel Vessel be lost, this charter Charter shall terminate and hire shall cease at noon (GMT) GMT on the day of her loss; should the vessel Vessel be a constructive or compromised total loss, this charter Charter shall terminate and hire shall cease at noon (GMT) GMT on the day on which the vesselVessel’s underwriters agree that the vessel Vessel is a constructive or compromised total loss; should the vessel Vessel be missing, this charter Charter shall terminate and hire shall cease at noon (GMT) GMT on the day on which she was last heard of. Any hire paid in advance and not earned shall be returned to Charterers Charterer and Owners Owner shall reimburse Charterers Charterer for the value of the estimated quantity of bunkers and marine gas oil on board at the time of termination, at the price paid by Charterers Charterer (or by Owners for Charterer’s account) at the last bunkering port. Off-hireplace of supply.

Loss of Vessel. 20. Should the vessel be lost, this charter shall terminate and hire shall cease at noon (GMT) on the day of her loss; should the vessel be a constructive total loss, this charter shall terminate and hire shall cease at noon (GMT) on the day on which the vessel’s underwriters agree that the vessel is a constructive total loss; should the vessel be missing, this charter shall terminate and hire shall cease at noon (GMT) on the day on which she was last heard of. Any hire paid in advance and not earned shall be returned to Charterers and Owners shall reimburse Charterers for the value of the estimated quantity of bunkers on board at the time of termination, at the price paid by Charterers at the last bunkering port. Off-hire