Days off hire

Days off-hire are the periods under a time charter when hire stops accruing because the vessel cannot fully perform the service, transferring the cost of the lost time from charterer to owner. The off-hire clause (NYPE clause 17, BALTIME clause 11) lists the triggers: breakdown of machinery, deficiency of crew, drydocking, detention, or any cause preventing efficient working. Off-hire runs either net (only time actually lost) or on a period basis depending on the wording. Bunkers consumed during off-hire are usually for the owner’s account, and the charterer deducts the off-hire amount from the next hire payment via the hire statement.