Despondent or Head Owners Stated as Owners under TC Out Contract?
Question
Under a Time Charter (TC) Out, who should be stated as the Owners - the Despondent Owners or the Head Owners (with whom the despondent owners have a contract)?
Answer
In a Time Charter (TC) Out contract the Despondent Owners are to be entered as Owners and not the Head Owners with whom a TC In contract is made.
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