Posts tagged: lay up

Lay up returns or cancelling returns only on Hull and Machinery policies

2 March 2009

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As freight rates and trade volumes have dropped, an increased number of vessels are being laid-up whilst owners reduce costs and sit out the current downturn. Some estimates suggest this is affecting up 9% of the world container fleet. So, what’s the most premium efficient way to manage a lay-up? The Institute Time Clauses – [...]

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