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 TC Out prior to canceling a TC In.