Altamar 64 - 2006

Cancellation Policy: Personalised

Cancellation by owner:
d) If prior to the commencement of the Charter Period as set out in Page One of this Agreement, the OWNER tenders notice of
cancellation via the Broker and if the cancellation is by reason of force majeure , the remedy in (b) above shall apply.
e) If the cancellation is for any reason, other than force majeure , the CHARTERER shall be entitled to immediate repayment without
interest of the full amount of all payments made by him under the terms of this Agreement and shall in addition be entitled to
liquidated damages from the OWNER to be calculated and paid forthwith on the following scale:
i) thirty (30) days or more before commencement of the Charter Period, an amount equivalent to twenty "ve percent (25%) of the
Charter Fee.
ii) more than fourteen (14) days but less than thirty (30) days before commencement of the Charter Period, an amount equivalent
to thirty "ve percent (35%) of the Charter Fee.
iii) fourteen (14) days or less before commencement of the Charter Period, an amount equivalent to "fty percent (50%) of the
Charter Fee.