Voyage Charters
Page 925
Chapter 37
Laydays – Cancelling
| 25. LAYDAYS. Laytime shall not commence before the date stipulated in Part I, except with the Charterer’s sanction. Should the Vessel not be ready to load by 4.00 o’clock P.M. (local time) on the cancelling date stipulated in Part I, the Charterer shall have the option of cancelling this Charter by giving Owner notice of such cancellation within twenty-four (24) hours after such cancellation date: otherwise this Charter to remain in full force and effect. |
37.1 This clause contains two distinct parts: the first sentence relates to the commencement of laytime, and the rest of the clause relates to the charterer’s option of cancellation if the chartered vessel is late and the cancelling date is missed.