Charter - Off-Hire Grace Period

Off-hire grace period before cost deductible - typically 6 hours for machinery issues under NYPE Cl. 15.

Off-hireCharterNYPE

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This calculator requires JavaScript to compute its result. The formula, symbols, and regulatory sources are shown in the Formula section below.

Formula, assumptions, and limits

h_{ded} = \max(h_{off} - h_{grace}, 0)

Symbol	Meaning	Unit
$h$	Hours of off-hire	h

Source: BIMCO NYPE 2015

Off-hire grace period before cost deductible - typically 6 hours for machinery issues under NYPE Cl.