TTM05000 - The 75% Limit on Charters-in
Introduction
This section covers the 75% limit on time of voyage charter parties. It explains the reason for the conditions to be satisfied and how the limit is calculated. It further explains the effect of exceeding the limit.
Table of Contents
Outline and conditions
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Outline |
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Conditions to be satisfied |
Chartered-in
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What is ‘chartered-in’? |
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Charters not to be taken into account |
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Charters to be taken into account |
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Summary of what to count: |
How to calculate
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How to calculate 75% limit |
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Accounting periods of group companies |
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Example 1: Deferment of group entry if test failed |
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Example 2: Possible exclusion of group for exceeding limit |
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Example 3; All ships operated for whole accounting period |
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Example 4: Ships operated for varying periods during AP |
If 75% limit exceeded
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Effect of exceeding the 75% limit |
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Consideration of exclusion by inspector |
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Action by inspector where limit exceeded |
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Exclusion procedure |
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Exclusion procedure: Appeals |
