Hello,
I have following question as I am using CHR instance with P1 license and I need to move VM to the totally isolated subnet without access to Internet. What will happen when deadline date exceeded in case of license? Will it be converted to free license with 1 Mbps limit ? Or will work on P1 level on full speed but with some restrictions?

I will be very grateful for your answer

From Help page:
https://help.mikrotik.com/docs/display/ ... RLicensing

After trial period, it may move down to free but that part is not really clear.
What it does say however, is that after trial period, you can no longer upgrade. Not really useful to be in that situation.
You have to do this license application before end of trial or you need to start with a new setup.

My CHR instance has full version of P1 license not trial one so part after deadline period is important as there will be no Internet access there

I guess you should ask support@mikrotik.com to clarify what happens after 60 days of internet unavailability to licensed CHR. And report back their answer as it'll be probably interesting for a few other people.