Common use of Rate of Hire Clause in Contracts

Rate of Hire. Subject as herein provided, charterers shall pay for the use and hire of the vessel at USD …………( ) per day, and pro rata for any part of a day, from the time and date of her delivery (UTC time) to charterers until the time and date of redelivery (UTC time) to owners. However additional USD 5,000 (five thousand) per thirty days for communication/cable only.

Appears in 2 contracts

Sources: Time Charter, Time Charter Party