Ana - 1989

Cancellation Policy: Personalised

CANCELLATION BY CHARTERER & CONSEQUENCES OF NON-PAYMENT,
DEFAULT OF PAYMENT OR FAILURE TO PAY
Should the charterer give notice of cancellation of Agreement on or at any time
before the commencement of the Charter
Period, some or all of the Charter Fee may be retained by the owner
determined as follows:
-After Agreement is signed but before the final instalment/deposit is due to be
paid, the owner 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.
If 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. Should the charterer fail to pay, after having
been given written notice by the owner, any amount due under Agreement, the
owner reserves the right to treat Agreement as having been repudiated by the
charterer and to retain the full amount of all payments and to recover all sums
unpaid and due up to the date of the repudiation.
in case of force majeure, the renter can transfer his charter for one season, and
in case of price changes, he reserves the right to the prices from the signed
contract