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Clauses 13/14—Insurance and Repairs
14.1 One of the fundamental protections that owners will usually seek when chartering their vessel on bareboat terms is to require the charterers to arrange and pay for suitable insurances as agreed and specified in the charter. Since the charterers of a vessel on bareboat terms are also responsible for the operation and repair of the vessel there can be no question of the vessel coming “off hire” for the duration of the repairs or the charter term otherwise being extended (unless expressly so agreed between the parties).
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