TTM05120 | The 75% limit on charters-in: Chartered-in

Charters to be taken into account

Charters otherwise than on bareboat charter terms

In practice, charters which are not bareboat charters (and which will therefore need to be taken into account in applying the 75% limit) will normally be either ‘time charters’ (see TTM15120) or ‘voyage charters’ (see TTM15130) from a third party.

Ship operating in offshore sector not disregarded

However, a qualifying vessel working in the UK sector of the Continental Shelf and subject to the special rules for offshore activities remains a qualifying vessel for the purposes of the 75% limit for all periods both within and outside the North Sea.

References