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When, if ever, may a ship-owner remove a vessel due to a charterer's failure to pay hire on time? What, if any, test does the

When, if ever, may a ship-owner remove a vessel due to a charterer's failure to pay hire on time? What, if any, test does the court use to determine whether or not a payment was made on time?

What is the meaning of the above sentences? Discuss and suggest examples.

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