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Charter - Withdraw Ship for Unpaid Hire

Owner's right to withdraw ship for unpaid hire under NYPE Cl. 11 - anti-technicality notice requirement.

WithdrawalHireCharter
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Formula, assumptions, and limits

Withdraw=(d>3)\text{Withdraw} = (d > 3)
SymbolMeaningUnit
ddDays overduedays

Source: BIMCO NYPE 2015 Cl. 11

In short

Owner's right to withdraw ship for unpaid hire under NYPE Cl.

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