You work for a shipowner and a charterer has asked for a Cesser Clause to be incorporated into a voyage charter party.

a) Analyse:

i. Why a charterer may wish to incorporate a Cesser clause

ii. The effect of Cesser clause

iii. The importance to your organization of a Lien clause

b) Evaluate: i. When a Cesser clause could prove advantageous to your organization.

ii. Whether or not you would recommend the incorporation of a Cesser clause