Posillipo Technema 95S - 2006

Cancellation Policy: Personalised

Cancellation policy:
a.
i. Should the CHARTERER give notice of cancellation of this Agreement on or at any time before the commencement of the Charter Period, some or al of the Charter Fee may be retained by the OWNER determined as follows:
After this Agreement is signed but before the final instalment/deposit is due to be paid, theOWNER shall be entitled to retain the first instalment/deposit.
After any subsequent instalments/deposits are due to be paid, the OWNER shall be entitled to retain the first instalment/deposit and any subsequent instalments/deposits due.
fI any of the instalments/deposits are due to be paid but have not been paid at the time of notice of cancellation, then the OWNER shall have a claim against the CHARTERER for the amount so due.
.i Should the CHARTERER fail to pay, after having been given written notice by the OWNER, any amount due under this Agreement, the OWNER reserves the right to treat this Agreement as having been repudiated by the CHARTERER and to retain the full amount of al payments and to recover al sums unpaid and due up to the date of the repudiation.