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.