Outbreak of War. If war or hostilities break out between any two or more of the following countries: U.S.A., the countries or republics having been part of the former U.S.S.R (except that declaration of war or hostilities solely between any two or more of the countries or republics having been part of the former USSR shall be exempted), P.R.C., U.K., Netherlands, then both owners and charterers shall have the right to cancel this charter.
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Sources: Time Charter, Time Charter Party