Cancelling a time charter can be achieved by changing contract status to Cancelled.
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However, if moving the status to Cancelled cause issues, then this can be a result of a voyage being linked to the Time Charter contract. Steps to keep in mind prior to cancelling the TC contract:
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To cancel a Time Charter (TC) contract, change the contract Status to Canceled.
If changing the Status to Canceled causes issues, a voyage might be linked to the TC contract. Check the following before canceling a TC contract:
Make sure all scheduled voyages linked to the TC have been deleted.
A voyage with the Status Canceled must still be deleted prior to canceling its linked TC In/TC Out.
It is good practice to cancel a
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TC Out prior to
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canceling a TC In.