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26 Loss of the Ship; Frustration of the Charter

Time Charters

26 Loss of the Ship; Frustration of the Charter Loss of the Ship; Frustration of the Charter “102. 16.That should the Vessel be lost, money paid in advance and not earned (reckoning from the date of loss or being last heard of) shall be 103. returned to the Charterers at once… ” 26.1 This chapter deals with the consequences of the loss of the ship, and also other circumstances in which the parties to a time charter may be discharged automatically under the doctrine of frustration.

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Devices

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