What does redelivery mean in a time charter and what are its implications?

• A. Redelivery refers to the vessel's fuel calculations
• B. The vessel is returned to the owner at the end of the charter period in agreed condition; hire ends and adjustments settle
• C. Redelivery is the start of the charter
• D. Redelivery is the transfer of cargo ownership

Answer: (B)

Redelivery means returning the vessel to the owner at the end of the charter, under the terms of the charter party. The vessel is handed back in the agreed condition, with normal wear and tear excepted, and with the agreed level of bunkers/fuel. When redelivery occurs, the hire ends and final accounts are settled, including any adjustments for fuel on board versus fuel to be delivered and other pre‑agreed post-hire items. This process makes clear what the owner receives back and what the charterer owes or is owed as the vessel leaves charterer’s control.