defined); or. copy of this Charter with the Vessel’s papers on board the Vessel and undertakes that it shall, on demand, to exhibit the same to any person having business with the Charterer or the Vessel. The Owner and the Charterer shall jointly appoint an independent surveyor for the purpose of determining and recording in writing the notice by the Owner, the Charterer shall make the Vessel available for survey or inspection by the Owner’s nominated surveyor or inspector who shall be paid for by the Owner. conditions (including conditions protecting the. The Charterer may request the Owner to postpone the date of termination of the Charter under this sub-Clause for a maximum period of 3 months and such request shall not be unreasonably “ Fair Market Bareboat Charter Hire ” shall mean, the charter hire for the Vessel that would be obtained in an arm’s-length transaction between an informed and willing charterer under no compulsion to charter and an informed and willing owner under no compulsion to charter, which determination shall be made on the assumption that the Vessel is in the condition and repair in which it is required to be returned … A charterer takes on the legal obligations, is responsible for the crew, passengers carried, and others. This Master Vessel Charter Agreement (hereinafter referred to as CHARTER) is made effective as of , 2010 by and between BP America Production Company (hereinafter referred to as CHARTERER), and hereafter referred to as VESSEL OWNER). The charter agreements for the other four vessels were extended for one-year terms commencing in December 2019 and ending in December 2020. Thereafter, at charterer's option, the bareboat charter can be extended for a further one year at the rate of USD 171,717. Norwegian Sky, is registered under the Bahamas flag with Bahamian flag at the port of Nassau with Official No.731038, IMO No. the other Party requiring the other Party to appoint its arbitrator within 14 days of that notice and stating that it will appoint its own arbitrator as sole arbitrator unless the other Party Elements of a valid bareboat charter may include: 1) The charterer must have the option of selecting & All promptly remove any claims, liens or encumbrances that are at any time asserted against or imposed on the Vessel and which are alleged to have arisen at any time before or during the Charter Term. withheld. order, enter upon any place where the Vessel is located in order to take possession of the Vessel. is, where is” and, notwithstanding any term, condition, representation or warranty whatsoever (whether express or implied) to the contrary, the Charterer shall not have or assert (and hereby waives) all claims whatsoever against the Owner, Bareboat agreements side step some passenger headcount restrictions placed on charter boats. This is a bareboat charter agreement which means, among other things, that no captain is provided. OSG previously exercised its option to extend its charter for the tenth vessel that it leases from AMSC, extending that charter into 2025. In addition, the Owner may (but needed or upon termination or expiration of this Charter; and (v) shall not be provided to any third parties except upon the prior written consent of the other Party. recovery in respect of any such loss or damage, this shall not relieve the Charterer of its obligation promptly to discharge all liabilities in respect of the loss or (as the case may be) to pay all costs in respect of the full repair of the damage shall not be less than the amount specified in Part I, Clause 6. A charterer takes on the legal obligations, is responsible for the crew, passengers carried, and others. The OWNER agrees to charter the Vessel to the CHARTERER and not to enter into any other Agreement for the Charter of the Vessel for the same period. This Charter represents the final and always to its rights under Clause 13, the Owner warrants that it will not disturb, or permit any person claiming through the Owner to disturb, the Charterer’s quiet possession and enjoyment of the Vessel in accordance with this Charter. and risk of fitting, installation, removal and restoration works. 15. As a result, all 10 bareboat charter agreements with AMSC have now been extended for additional periods. contributions or other sums payable in respect of the Vessel’s insurances and shall renew all insurances on a timely basis. constitute a termination event under this paragraph (iv) if the terms of the readjustment, rescheduling, moratorium, composition, proceeding or (as the case may be) other arrangement have been previously approved in writing by GHK (hereinafter Elements of a valid bareboat charter … appoints its arbitrator within the 14 days so specified. You are solely responsible for all aspects of Vessel operation including sailing, provisioning, mooring, anchoring, fueling and navigating. Charter shall be effective and commence as of the Effective Time defined in Part I, Clause 7(a) and shall continue uninterrupted until 31 December, 2012 (the “Initial Term”). any moratorium in respect of any debts of the Charterer or any composition or any arrangement with creditors of the Charterer or any similar proceeding or other arrangement by which any substantial part of the assets of the Charterer is made subject This BUSINESS COMBINATION AGREEMENT (this “Agreement”), dated as of [•], 2016, is by and among FMC Technologies, Inc., a Delaware corporation (“FMCTI”), FMC Technologies SIS Limited, a private limited company incorporated under the laws of England and Wales and a wholly owned subsidiary of FMCTI (“Topco”), and Technip S.A., a French … For these purposes the Owner may, without prior demand or the need for any legal process or repairers, suppliers, or providers of towage services or necessaries to the Vessel. At any time after the occurrence of any appointed by agreement. condition of the Vessel and an inventory of the Vessel’s main parts and equipment at the redelivery of the Vessel under this Charter. of others. this Charter the term “fair wear and tear” shall mean and include only the following: (i) thinning of paint due to the action of time and elements; (ii) scuffing of paint by rubber tired vehicles and properly fendered tugs; Party will not disclose same without the prior written consent of the other Party during or after expiry of the Charter Term of and after the expiration or termination of this Charter. The object of the rental is to allow the charter guest to use the boat for a specific period for leisure purpose. If at any point during the Initial Term, First Extension Term (if exercised) or Second Extension Term (if exercised) the As a result, all 10 bareboat charter agreements with AMSC have now been extended for additional periods. Coast Guard regulations (46 C.F.R. This transaction represents a significant non-cash transaction that occurred during the year ended December 31, 2019. The Fleet Bareboat Charter Agreement details the responsibilities of CMAL and the Operator and the process required for statutory, owner’s and charterer’s upgrades. RECREATIONAL BARE BOAT CHARTER AGREEMENT PAGE 2 OF 7 PLEASE INITIAL: OWNER: _____ CHARTERER: _____ Revised 2009 CLAUSE 1. classification or regulatory requirements or otherwise, the Charterer shall arrange for the relevant works to be carried out during the Charter Term and all related costs and time shall be for the Charterer’s account. “total loss” includes the actual, agreed, constructive or compromised total loss or destruction of the Vessel. the same at its cost and in its time. necessary, in accordance with best practice, and so as not to diminish the value or to adversely affect the classification or insurance status of the Vessel; and. A failure to make charter payments upon the date due. Bareboat Charter. MASTER VESSEL CHARTER AGREEMENT . Recreational Bareboat Charter Agreement Page 2 of 9 CLAUSE 1. There are legal differences between a bareboat charter and other types of charter arrangements, commonly called time or voyage charters. namely 1 January 2013 to 31 December 2013 (the “First Extension Term”) and 1 January 2014 to 31 December 2014 (the “Second Extension Term”) provided that: (a) the Charter shall only be For the avoidance of doubt and The sales price was $29.0 million per vessel, and we have the option to purchase this vessel beginning at the end of the fifth year of this agreement through the end of the eighth year of the agreement, at market based prices. state, order and condition. Elements of a valid bareboat charter may include: 1) The charterer must have the option of selecting & A bareboat charter (sometimes called a charter by demise or demise charter, particularly by lawyers) i) is a contract for the hire of a vessel for an agreed period during which the charterers acquire most of …              day of August 2010. 1 2 3 . Avenue Limited, as owner (the “Owner”) of the vessel described in Part I of this Charter (the “Vessel”, which expression includes all appurtenances, equipment, necessaries, parts and spares belonging or relating to Society”) with classification † 1A1 Passenger Ship EO. As part of the transaction, the Company will make monthly payments of $164,250 under a nine and a half year bareboat charter agreement with the buyers, which the Company has the option to extend for a further six months. BAREBOAT CHARTER AND OPTION TO PURCHASE of the Casino Cruise Ship PALM BEACH PRINCESS THIS BAREBOAT CHARTER and Option to Purchase (hereinafter "Charter") made. Accordingly, the Vessel shall be deemed delivered and taken over strictly “as The reference shall be to a panel of three information about either Party or any of their respective parent, subsidiary, affiliated, related or joint venture companies, customers, operations and the like, shall be treated as “Confidential Information” by the other Party and such TONNAGE TAX SCHEME (Sec 115-V to Sec 115-VZC) 1. consideration of [*] paid by the Charterer to the Owner (the receipt and sufficiency of which is hereby acknowledged), the Owner grants to the Charterer an option (the “Purchase Option”) to purchase the Vessel at any time during the terms and conditions contained in Part II on the following pages are hereby fully incorporated by reference into and form an integral part of this Charter. outside of the country in which mailed), postage prepaid, return receipt requested, (iii) by a generally recognized overnight courier service which provides written acknowledgment by the addressee of receipt, or (iv) by facsimile or other Other than what was already stated in these Terms, the Client shall also be liable: - to be nautically and navigationally skilled for the Vessel charter, otherwise he shall be liable to accept a skipper according to the effective Price List of Charter-Operator, - to have all required licenses for operating the Vessel in case of bareboat charter, - not to leave the Vessel to the third party, - not to transport persons or goods for … ensure that all sums receivable in respect of any partial loss and damage relating to the Vessel shall be applied promptly to discharge all liabilities in respect of the loss or (as the case may be) to pay all costs in respect of full repair of as at [*] (for determining such condition, the on-hire survey conducted in relation to the charter period immediately preceding the Charter Term shall be used as a reference), fair wear and tear Charter (hgreboaQ Operation: A valid (bareboat) charter is an agreement where the charterer has use of the vessel for a period of time and is considered the owner. The Charterer further agrees to defend, indemnify and hold harmless the Owner against all loss, damage and cost resulting from any arrest, area prohibited by the Vessel’s flag state or any of the Vessel’s insurers. FORM 6-K . indemnify and hold harmless the Owner and the other beneficiaries of such insurance to the extent it or any of them suffers or incurs any loss, damage, liability, cost in consequence of such failure, act or omission. agreed total loss value specified in Part I, Clause 6 less the amount of any insurance proceeds received by the Owner from the Vessel’s insurers in respect of such total loss. For the RYA Day Skipper certificate/license you must do the RYA Day skipper online theory course ($394) (NauticEd offers this course) as well as complete a 5 day practical training at an RYA training facility. all risks usually insured against by first class and prudent owners and operators of passenger vessels including marine risks, hull and machinery risks, war risks, excess risks, protection and indemnity risks with full standard coverage up to the As skipper you are fully responsible for the yacht and its crew. condition. sec. From time to time upon reasonable of persons and/or loss of or damage to property arising from or incident to such use or operation, whether such injuries or deaths involve the Charterer’s employees or others and whether such loss or damage involves property of the Charterer or The (iii) shall not be produced or copied, in whole or in part, except as necessary for its authorized use under this Charter; (iv) shall be returned to the other Party upon request, or destroyed, together with all copies, when it is no longer Charter Agreements means, with respect to each Tug Boat, the applicable Contract of Bareboat Charter Party, dated as of October 30, 1998, by and between Amerada Hess Shipping Corporation and Seller, as modified by the applicable Novation Agreement, dated as of July 20, 2001, by and among Amerada Hess Shipping Corporation, Seller and HOVIC. Bareboat charter (BCC) – Hiring of ships for a stipulated period on terms which gives charterer possession and control of ship. B. The arbitration shall be conducted in accordance with the London Maritime Arbitrators Association Terms current at the time when the arbitration proceedings are commenced. The Charterer agrees that the Owner shall not have any liability whatsoever to the Charterer if the Vessel should prove to be unsuitable for the Charterer’s purposes for any reason whatsoever, or if the A bareboat charter or demise charter is an arrangement for the chartering or hiring of a ship or boat, whereby no crew or provisions are included as part of the agreement; instead, the people who rent the vessel from the owner are responsible for taking care of such things. BAREBOAT CHARTER: This charter shall be at all times construed as a bareboat charter and / or a demise charter, and pursuant thereto CHARTERER should keep the Yacht in good repair and will surrender the Yacht at the termination of the charter free and clear of all indebtedness, liens or other charges of any type whatsoever. The term bareboat charter signifies an arrangement for the hiring of a boat or ship without crew and the people renting the boat from the owner are responsible for appointing the crew and making other arrangements. … About Form 6-K. tm2037752d1_6k.htm FORM 6-K Zoom In Zoom Out. Both Parties shall also consider the terms and conditions of The OWNER shall pay the Broker’s commission on the original Charter and the Broker may retain any commission due on the replacement Vessel. Clause 1. SAFE BULKERS, INC. Form 6-K (Filer) Published: 2020-08-05 16:12:07 Submitted: 2020-08-05 Period Ending In: 2020-08-05. This Charter may be extended upon the request of either Party for a maximum of two (2) consecutive terms after the Initial Term, encumbrances arising out of the ownership or operation of the Vessel before the Charter Term and the chartering of the Vessel under this Charter, the Charterer shall not be responsible for any claims, liens or encumbrances asserted or imposed on the Parties’ being that the Vessel shall be hired and operated by the Charterer on a bareboat basis. Upon execution by the Parties, the existing charter shall terminate on 30 June 2010 without further rights and liability on the part of the Parties (save as the rights, liabilities and obligations The Owner shall be deemed to have delivered the Vessel to the Charterer as of [*]. Charter, the Charterer shall become obliged to pay to the Owner (a) all Charter Hire due and payable but unpaid as of the termination date; (b) any sums, other than Charter Hire, due and payable but unpaid as of the termination date; and 3. The charterer generally pays for all operating expenses, including fuel, crew, maintenance, repairs, and P&I and hull insurance. Charterer according to their respective interests and taking into account any payment previously made by the Charterer to the Owner in respect of the loss. A charterer takes on the legal obligations, is responsible for the crew, passengers carried, and others. give effect to this Clause. Licensed and experienced sailors can take a bareboat charter vacation with us and sail the islands of Malta and beyond. For the avoidance of doubt, if any loss STEALTHGAS INC. extended for one (1) year each time; (b) any extension shall be subject to the mutual consent of the Parties; (c) the requesting Party shall, at least [*] prior to the expiry of the current term (the Initial Term or the First in the Comprehensive Environmental Response, Compensation and Liability Act of 1980, as amended; the Resource Conservation and Recovery Act, as amended; the Toxic Substances Control Act, as amended; the Hazardous Materials Transportation Act, as [*]: THE CONFIDENTIAL PORTION HAS BEEN OMITTED PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT AND THE OMITTED MATERIAL HAS BEEN FILED SEPARATELY WITH THE COMMISSION. consequences of civil war, revolution, rebellion, insurrection or civil strife affecting the Vessel. A typical charter operation is where a particular boat ride or time period is advertised and usually a cost per person is involved. For the avoidance … GLOBUS MARITIME LTD. Form 6-K (Filer) Published: 2020-12-04 16:32:50 Submitted: 2020-12-04 Filing Agent: TOPPAN MERRILL/FA Period Ending In: 2020-12-04. Scorpio Tankers Inc. and Subsidiaries . a total loss. Charte partie utilisée dans l affrètement coque nue (bareboat ou demise charter) : BARECON A (document standard) et BARECON B (navire neufs ). A valid (bareboat) charter is an agreement where the charterer has use of the vessel for a period of time and is considered the owner. Extension Term and the Second Extension Term and “Charter Term” shall be construed to include the Initial Term and, as may be applicable, the First Extension Term and the Second Extension Term. OSG previously exercised its option to extend its charter for the tenth vessel that it leases from AMSC, extending that charter into 2025. For the purposes of the insurance cover to be arranged and maintained by the Charterer, the agreed total loss value The agreement also provides the Company with options to repurchase the vessel beginning on the fifth anniversary of the sale and until the end of the bareboat charter agreement. obligation and liability to pay the agreed total loss value to the Owner and any other sums due to the Owner under this Charter but not paid as of the date of termination of this Charter. The Charterer shall immediately notify the Owner of any circumstance or occurrence in consequence of which the Vessel is likely to become during the Charter Term excepted. Bareboat Charter or “charter” means the contract for the lease or sub-lease of a ship, for a stipulated period of time, by virtue of which the Charterer acquires full control and complete possession of the ship, including the right to appoint her master and crew for the duration of the charter but excluding the right to sell or mortgage the ship: the time of sending the aforesaid extension notice and at all times before the expiry of the current term. REPORT OF FOREIGN PRIVATE ISSUER … The Charterer shall at its own cost and risk crew, manage, maintain, navigate, operate, insure, victual, fuel, provision, supply and Elements of a valid bareboat charter … The Charterer arrested, captured, detained, restrained or otherwise seized the Charter will immediately notify the Owner in writing and, at the Charter’s cost and risk, take all such steps (whether by posting bail or otherwise) as may be required to procure In case of inconsistency between the terms and conditions contained in Part I and Part II of storage, recycling, handling, transportation, release, threatened. Before inception of this Charter and upon the Owner’s request from time to time during the Charter Term, the Charterer shall provide the Owner with such documentation and information as the Owner may The bareboat charter agreement is a rental contract between the charterer and the owner of the boat. So for example tourist boats at pier 39 offer a 2 hour ride at a per person rate. Each Charterer’s use of the Vessel or otherwise. 0001193125-16-595116.txt : 20160519 0001193125-16-595116.hdr.sgml : 20160519 20160519060841 ACCESSION NUMBER: 0001193125-16-595116 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 9 CONFORMED PERIOD OF REPORT: 20160518 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Departure of Directors or Certain Officers; Election … Suresave offer a range of Travel insurance options which can be arranged on-line through the SURESAVE link on the front page of our website I HAVE ARRANGED MY TRAVEL / TRIP CANCELLATION INSURANCE YES NO initial Oceanic Insurance Brokers offer an optional Bareboat Hirer’s Liability insurance. In the event of either Party using an attorney or attorneys, the prevailing Party shall be entitled to receive payment of all reasonable and properly documented legal costs and expenses. of commercial shipping and offshore assets. In addition, the Company has extended the respective charters for the M/V "Gas Amazon" and the M/V "Gas Marathon". by written notice delivered [*] before the end of the Charter Term. Additionally, the OWNER shall have insurance coverage against liabilities caused by the use of watersports equipment, as per paragraph 3 in clause 7 of this Charter Agreement. If any improvements, capital expenditures, structural changes or new equipment should become necessary, whether by reason of new damage or (as the case may be) replacement of parts or equipment so as to put the Vessel back into the condition required by this Charter. * (4) Sir Ivor is employed under a bareboat charter until May 2009 at the rate of USD 163,636. The Owner shall retain no possession or control of or over the Vessel during the Charter Term, the agreed intention of the Party protects its own proprietary or confidential information which it does not wish to disclose; (ii) shall be used by such Party only to perform its responsibilities, including, without limitation, the services pursuant to this Charter; Vessel is not purchased pursuant to Part I Clause 7(f), the Charterer shall redeliver the Vessel to the Owner at the end of the Charter Term at a safe berth in a safe port on [*]. A. The latest edition of this contract is BARECON 2017. The lease financing bears interest at LIBOR plus a margin of 3.20% and is expected to be repaid in 28 equal quarterly repayments of approximately $0.4 million per vessel. minimum total loss value of the Vessel shall be (see Part II, Clause 4) [*]. 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