The CHARTERER and CHARTERER’S party undertake to have all necessary visas and vaccinations for the countries to be visited. Under the MYBA Agreement, the charterer is accountable for the full charter fee, allowing the owner to pursue full payment if he so chooses. AYCA charter contracts, developed by the American Yacht Charter Association. The charter agreement will clearly define the terms and the charter rate. h�bbd``b`V�@���M� �8�0,� V&�`�q3@����JKH��f`bd�d100�?ûK �_ � The committee is responsible for drafting all the charter documents used by the MYBA Members, and if necessary, any changes to the MYBA Charter Agreement. Solar city Commercial Activities and Student Services Agreement. The charter agreement will clearly define the terms and the charter rate. ... Advance Provisioning Allowance) upon the payment of the charter agreement and which usually represents 30% of the charter cost. Laydays should not be confused with laytime, which is the period allowed to the charterers for loading and/or discharging without payment additional to the freight. Both the Mediterranean Yacht Brokers Association (MYBA) Standard Charter Agreement and the American Yacht Charter Association (AYCA) Recreational Bareboat Charter Agreement have force majeure provisions. There are two main types of luxury yacht charters – namely ‘all inclusive’ and ‘plus expenses’. ↑ James Clanchy and Cherine Foty “Conflicting Perceptions of Ethics in International Arbitration,” Arbitration: The International Journal of Arbitration, Mediation and Dispute Management, Vol. I don't believe that I've ever heard of a negative outcome with this contract unless there was some negligence on the part of the charterer violating the terms set forth in the charter agreement. AYCA charter contracts, developed by the American Yacht Charter Association. Neither organization will be responsible for any abuse or misrepresentation of this agreement. Laydays and the cancelling date in a charter party agreement Laydays refers to a period of specified days (e.g. Additional expenses depend on the type of contract used; MYBA and AYCA are the most common. Whichever agreement is used, it will … h޼Wmo�8�+��\!�Ŗ����v@�[0��kt���b��~��'kr���"F")�z�01V3`�FL���R�l��-Ζ9�3�1�P��@����Lh!QPL��f�:4r�4 Items that are included in the charter rate and items that are additional vary according to the terms under which the yacht operates. Most fully crewed charter yachts use a charter agreement sponsored by MYBA (Mediterranean Yacht Brokers Association) and adopted by CYBA (Charter Yacht Brokers Association) and AYCA (American Yacht Charter Association). Caribbean term contracts, developed by the Charter Yacht Brokers Association. Charter. H��UMo�0��W�(,[�䏢(टC��[`H{�R'Ͱ%E�a�)9��d0`9X�L����L���|]-f�i��A^U��K��X��S��~�X��h)�4�,��$B'1��~|��^K.��s�������|��T��NNz�}���(��B��t�E��b���C�j�'H�n!-6�x���\|�b�������`7�����ܗ�v��]�ޏo�9k`}�?���F��xP|�0*�=����Y���1��M�%�5(&�����jF��o��ۚA�svC,�Q!o�W��f^JjG���S�:Ra�ǥd�wO��[�QSp�d����们�B�td�:2VG����L������� 稄�]��~@>A�"ݑŁxx����8�J�Z��a��k��أF��I��v @�L"B�j|�`W�R��Ld��UH��1�_"����V[�eh��QI�>$�`�5r�X�$�m 1. Neither organization will be responsible for any abuse or misrepresentation of this agreement. 8. The Owner agrees that only the Central Agent may list the Vessel on YACHTFOLIO. These charter agreements are recognised on a global basis and created to represent all parties … %PDF-1.6 %���� “Jan 7/16”) during which owners must present the vessel for loading. Yacht. 1.1 The owner leases the cash charter and the charterer leases the vessel for the charter period for the charter fee. This is a Demise Charter Agreement as defined and described under U.S. Maritime Law. GA Standing Policies. Our Mission; Our History; Our Accomplishments; Membership. Standardization. 2013: New YACHTFOLIO Charter launch replacing MYBAnet’s old technology. Laydays and the cancelling date in a charter party agreement; Laydays refers to a period of specified days (e.g. Charter agreement – a signed agreement the specifies the particulars of the charter. ��8�ayҽ;5��m���>�o�y].�b%��e�i�. An alternate standard agreement for American flagged vessels may include the American Yacht Charter Association (AYCA). A newer agreement is being finalized at time of publication. The charter agreement will clearly define the terms and the charter rate. Regency is a member of MYBA and Kathleen Mullen is currently serving as President of AYCA and Treasurer of CYBA. CHARTER PARTICULARS Agreement To Let And … Other crewed yacht charters are booked with contracts created by the AYCA, which is the American Yacht Charter Association. Anthony Hall Agreement. If the charter date is longer than 6 months from the date of signing the agreement, the deposit is 25 percent. The MYBA agreement is subject to this under English Law and applies if a contract becomes absolutely impossible to perform or illegal. Sponsorship letter from one Active AYCA member. RECREATIONAL BARE BOAT CHARTER AGREEMENT PAGE 2 OF 7 PLEASE INITIAL: OWNER: _____ CHARTERER: _____ Revised 2009 CLAUSE 1. Agreement the CHARTERER warrants the medical fitness of all members of the CHARTERER's party for the voyage contemplated by this Agreement. The MYBA Charter Committee brings together professionals and experts to monitor the worldwide charter market. During my volunteer work with the maritime subcommittee of the House of Representatives and U.S. Coast Guard, I assisted in drafting and implementing the Passenger Vessel Safety Act of 1995 and drafted the first set of AYCA charter contracts in a close relationship with Admiralty Attorneys. The owner is not liable for the loss or deterioration of personal property or damage to the CHARTERER or a member of its party during the duration of this Charter, whether such a loss or violation occurs on board the yacht or elsewhere, … The IGS Library maintains a large depository collection of local ordinance codes and charters issued by California cities and counties.Below is a list of currently available codes and charters issued in loose-leaf format, with call numbers appearing immediately after each … T he history of the AYCA originated with a very specific event in late 1985-1986 when a handful of professional, independent charter brokers in New England, New York and New Jersey needed to make unique arrangements for the celebrated Tall Ships Parade of 1986.. %%EOF U.S. copywritten 2003 - AYCA . Agreement To Let And Hire A. AYCA American Yacht Charter Association brokers are recognized worldwide for their professional knowledge, their high ethical standards and their sound business practices.The membership includes some of the most experienced brokers in the industry. 568 0 obj <> endobj PLEASE INITIAL: Owner: Charterer: US Flag – Uninspected Passenger Vessel Charter Agreement Page 2 of 10 CLAUSE 1. Section 4. GA Bylaws. This document was most recently published in 2003 and all older documents should be destroyed. Changes have been made to Clause 11 in order to clarify and better reflect the existing common understanding in the industry of the duty to mitigate and Clause 24 now … Produced by AYCA - The American Yacht Charter Association and adopted by MYBA - The Worldwide Yachting Association. Endorsements from a minimum of two AYCA Clearing Houses/ and or Management Firms with whom you’ve booked charters in the past two years. AYCA Charter Contracts, developed by the American Yacht Charter Association. 631 0 obj <>stream �I)h�2I�qL��0������ɔ�HPLi\��Ki�����{_��I�G_gw��~`Z~�-�|>{����Kߨ�H|��㲨����ɉ�u�c�|�H���l�����u~����Ʃ��:����b6����{s�@g����O�}\�`H!��e]���md2���D��WQ��Q3�9�c�)L)0ʊ 2�4H����C��wF�0�w���Z�=x�F/D��]\�5شje�u�6�>���z�N�A�4�i��@��;;hb>��Q&E��g���`�⾜�Ō��Ũ����8_U��C�ꐶ ��ꚿ�Z;�6����@s���zz� �*T)�����o�������?~ Skip to main content; About AYCA. The Owner agrees to the payment terms as detailed in the MYBA or AYCA Charter Agreement. To reduce problems and provide the most protection for our clients, the AYCA … I have had the experience where an owner wanted to use his vessel during the same dates as the charterer and a duly executed and signed MYBA contract was in place. Hellas Yachting only uses trusted and recognised charter yachts and charter contracts. Below is a general guide to the types of contracts, terms and conditions used for luxury yacht charters including charters – namely ‘all inclusive’ and ‘plus expenses’. Crewed Yacht Charter Agreement . Chartering is an international industry, regulated by customs, cabotage, and business laws specific to a particular cruising area. Agreement to Let and Hire. These charter agreements are recognised on a global basis and created to represent all parties … By Christopher Anderson and Stephanie Parra, Robert Allen Law Both the Mediterranean Yacht Brokers Association (“MYBA”) Standard Charter Agreement and the American Yacht Charter Association (“AYCA”) Recreational Bareboat Charter Agreement have force majeure provisions. CHARTER PARTICULARS Your captain will keep a detailed … Operational Policies. Therefore, it is mutually agreed to by the Parties that the full possession and control of the Vessel is transferred to the CHARTERER for the Charter Period. 783 0 obj <>/Filter/FlateDecode/ID[<6F51A51EC24E5F4EB83ECAFEB1A3913B>]/Index[766 40]/Info 765 0 R/Length 85/Prev 220371/Root 767 0 R/Size 806/Type/XRef/W[1 2 1]>>stream %PDF-1.6 %���� A. ... (Charter Yacht Brokers Association). endstream endobj startxref Most yachts cruising within international waters utilise a standardized agreement sponsored by the Mediterranean Yacht Broker Association (MYBA). The Charter Agreement - Most fully crewed charter yachts use a charter agreement sponsored by MYBA (Mediterranean Yacht Brokers Association) and adopted by CYBA (Charter Yacht Brokers Association) and AYCA (American Yacht Charter Association). CHARTER PARTICULARS . In 2000, the AYCA created a standardized yacht charter contract applicable to American flag vessels operating on a worldwide basis and all flag vessels operating in American waters. Others use what is called a bareboat demise contract. Bylaws. CHARTER AGREEMENT Page 3 of 9 The Captain, together with the Charterer, shall direct the course of the voyage and mutually reach agreements regarding the management, operation and movement of the Vessel, wind, weather and/or other circumstances permitting. 1) This variety is widely known as the “Del Monte Gold” pineapple and has been credited for the increase … AYCA Agreements may be obtained from the booking source … 0 Independent agency; budget authority and allocation. If the owner cancels, the owner refunds the full amount paid by the charterer. Items that are included in the charter rate and items that are additional vary according to the terms under which the yacht operates. The American Yacht Charter Association (AYCA) is committed to maintaining professionalism, integrity, communications and standardization in the business of the yacht charter industry. h�b```b`� Neither organization will be responsible for any abuse or misrepresentation of this Agreement. Charter fees are refunded on a pro-rata basis if the yacht is rebooked for all, or a portion of the original charter dates, less the broker's earned commission. 1� CASSA. endstream endobj 569 0 obj <>/Metadata 27 0 R/PageLayout/OneColumn/Pages 566 0 R/Perms/Filter<>/PubSec<>>>/Reference[<>/Type/SigRef>>]/SubFilter/adbe.pkcs7.detached/Type/Sig>>>>/StructTreeRoot 38 0 R/Type/Catalog>> endobj 570 0 obj <>/Font<>>>/Rotate 0/StructParents 0/Type/Page>> endobj 571 0 obj <>stream Membership Benefits; How to Apply ; Our Members; News & Events; Contact; Members Login; Our Members. US copyright 2006 – AYCA. This Agreement constitutes a demise charter of the Vessel to the CHARTERER under the maritime law of the United States. VESSEL SERVICES AGREEMENT Page 2 of 4 CLAUSE 1. The charter agreement will clearly define the terms and the charter rate. The MYBA charter contract, which was developed by the Mediterranean Yacht Brokers Association. The OWNER agrees to charter the Vessel to the CHARTERER and not to enter into any other Agreement for the … The AYCA Charter Contract now mirrors many of the clauses of the MYBA Charter Agreement and evolves alongside the regular revisions of the latter. The Owner undertakes to accept charter bookings only through the Central Agent. Board Members. AYCA AGREEMENT May be used for all US flagged, uninspected passenger vessels under one hundred (100) gross tons with either Coastwise or Registry Endorsement and a US licensed crew. Adopted by the American Yacht Charter Association and the Mediterranean Yacht Brokers Association Revised 2009. US copywritten March 2007 – AYCA. Adopted by the American Yacht Charter Association and the Medite rranean Yacht Brokers Association. endstream endobj startxref An alternate standard agreement for American flagged vessels may include the American Yacht Charter Association (AYCA). Although the … RECREATIONAL BARE BOAT CHARTER AGREEMENT PAGE 2 OF 7 PLEASE INITIAL: OWNER: _____ CHARTERER: _____ CLAUSE 1. The MYBA charter contract developed by … Lower Sproul MOU 3. AnthonyHall MOU 1. The CHARTERER hereby retains the … C�Y}���Á[��-��A�[�s�Z��f1�HM��M6�5LJ2�㔄c�2�R�s�9�P�Ѱш�HPN�"J���^��[ *m|dV&�JE\*��Y��z�cV~�~F��#����%����0�D���!i?�M��i-�h��xKd�Od$�.��X��YȖ�ʲ��ɢE�0;��}*m�A ^�mhJHy0�-n��7]���.n�(bo�]c�~�:���w��P���e_e��j;)pd�;�4�c�и��q�h�"�+�'�c��gd���s�. This includes evolving charter regulations in popular destinations and advising any relevant changes or issues to other departments within MYBA. Lower Sproul MOU 1. Both the Mediterranean Yacht Brokers Association (MYBA) Standard Charter Agreement and the American Yacht Charter Association (AYCA) Recreational Bareboat Charter Agreement have provisions on the case of force majeure. US FLAG - UNINSPECTED PASSENGER VESSEL CHARTER AGREEMENT - PAGE 1 OF 8 NAME OF VESSEL: Length: Type : Official Number: Insurance Limits for … Managers. The captain will … Adopted by the American Yacht Charter Association and the Mediterranean Yacht Brokers Association. unamended AYCA Recreational Bareboat Charter Agreement 2015 (subject to and conditional upon the inclusion of the AYCA Vessel Services Agreement 2015 under which the crew employed by the charterer shall be the same crew customarily employed by the Assured), or. Only if the courts or the arbitrators for the contract decided to be more … 766 0 obj <> endobj Under the Pineapple Sales Agreement (“Agreement”), Del Monte provided INPROTSA with “MD-2” pineapple seeds free of cost. An alternate standard agreement for American flagged vessels may include the American Yacht Charter Association (AYCA). h�bbd``b`v @�� H���XK@@\G�DLqo��8���@Bm5�;H�=�! Revised 2010. Neither organization will be responsible for any abuse or misrepresentation of this agreement. THE CHARTER AGREEMENT. This includes evolving charter regulations in popular destinations and advising any relevant changes or issues to other departments within MYBA. Therefore, the OWNER shall deliver and, during the Charter Period, the CHARTERER shall accept, full possession, command, and navigation of the Vessel. In instances where you have a force majeure clause in a contract, very often the courts are reluctant to find that frustration applies because there has already been consideration of force majeure. �'tE�E *�_L��L=�4��e����{5�+M���-:\.�~A���m�[���"�^��$ڹT��Q���"J�Ic���g�W�d��1��4��o��T��}�" �����\�. GA Operational Policies Standing Policies as Passed by the Graduate Assembly Delegates. Agreement To Retain. Yacht. Particulars include payment schedules and policies and define the rights and obligations of all parties in contingency Charter rate – the rate at which the yacht is chartered for. AYCA charter contracts, developed by the American Yacht Charter Association. To cover expenses, an Advance Provisioning Allowance (APA) is collected upfront and forwarded to the captain who is accountable for expenditures. @�h(#s/�PFZ���~` ��? The MYBA Charter Committee is very pleased to announce that the new 2017 MYBA Charter Agreement is now online on the MYBA E-Contract website, www.myba-econtract.com. Article XVIII of the City Charter. Her salon and 4 queen cabins are well appointed with a fresh nautical feel of Navy and White linens. Neither organization will be responsible for any abuse or misrepresentation of this agreement. AYCA membership is earned with a minimum of 7 years selling private yacht vacations plus 3 qualified professional references. Items that are included in the charter rate and items that are additional vary according to the terms under which the yacht operates. The charter rate generally only covers the hire of the yacht and the crew and the owner’s insurance. 7. 0 The Roots of AYCA. These various luxury yacht charter contracts cover everything from the yacht’s weekly rate to usage of the water toys to the conduct that is expected of charter clients. The owner bumped the charter & used his … “Jan 7/16”) during which owners must present the vessel for loading. These established brokers were booking clients to charter a variety of yachts to view the parade in New York Harbor and … Most yachts regardless of size will … The force majeure provisions in the two agreements are similar, as are the contractual consequences should a force majeure event occur. It is the responsibility of the Owner to ensure that the Vessel is fully insured at all times and that the underwriters are aware that the Vessel is being chartered and have endorsed the policy accordingly. Caribbean term contracts, developed by the Charter Yacht Brokers Association. The committee is responsible for drafting all the charter documents used by the MYBA Members, and if necessary, any changes to the MYBA … There are two types of AYCA contracts; 'Uninspected' and the 'Bareboat/Services' which is a pair of agreements. Copies of insurance documents … (a) Notwithstanding Article VII of the Charter, and except as provided in section 14(b), 14(i) or 14(k), the Police Accountability Board, its staff and the Director of Police Accountability shall be … Approximately a year ago, on 19 December 2019, the First Chamber of the Supreme Court of Costa Rica recognized an ICC arbitration award rendered on 10 June 2016 by a tribunal seated in Miami. unamended AYCA Recreational Bareboat Charter Agreement 2015 (subject to and conditional upon the inclusion of the AYCA Vessel Services Agreement 2015 under which the crew employed by the charterer shall be the same crew customarily employed by the Assured), or. These various luxury yacht charter contracts cover everything from the yacht’s weekly rate to usage of the … Neither organization will be responsible for any abuse or misrepresentation of this agreement. ii) more than fourteen (14) days but less than thirty (30) days before commencement of the Charter Period, an amount equivalent to thirty five percent (35%) of the Charter Fee. GA Charter. Under the MYBA Agreement, the charterer is accountable for the full charter fee, allowing the owner to pursue full payment if he so chooses. Purpose. Laydays should not be confused with laytime, which is the period allowed to the charterers for loading and/or discharging without payment additional to the freight. The dispute arose out of an exclusive pineapple sales agreement entered between Del Monte International GmbH (Swiss) and INPROTSA (Costa Rican) in May 2001. Most yachts cruising within international waters utilise a standardized agreement sponsored by the Mediterranean Yacht Broker Association (MYBA). 2009: MYBA joins ICOMIA with access to IMO and funds a consultant to attend all the meetings. The agreement specifies the particulars of the charter, payment schedules, cancellation policies and defines the rights and obligations of all parties in contingencies. U.S. copyrigh t 2003 - AYCA. h�b```��" ��1� �����'#u[�D���.�8����d%��x�C�KK�Ӧ����W�\g{�0���7y�8���;�6���4=�g�۷%O%B̷�k�}��\�ؐ��P�D �@��JE�� �@���X�:~� �SU;��b ��5>���M�8ר-���ĥ /i��������0e�`R2��e��4H �30K�@�Ϩ�5����4'��dxP30G�AC�@� �X� Lower Sproul MOU 2. Yacht. 583 0 obj <>/Filter/FlateDecode/ID[<20D1864B49D22646A930D46D6F10189E>]/Index[568 64]/Info 567 0 R/Length 80/Prev 120906/Root 569 0 R/Size 632/Type/XRef/W[1 2 1]>>stream Carol Kent - President Jenny Trotter - Vice … 2017 MYBA Charter Agreement now online Monday 17 April 2017. 805 0 obj <>stream This is probably the most used contract in the industry. Managers. For XXL Yachts: some Giga Yachts use special documents, particularly when they are under SOLAS (Safety Of Life At Sea) … • Agree to abide by AYCA By-Laws and proposed procedures.Applicant must have the reputation of having a strong financial basis, and must be known to adhere to the highest level of business practices, including, but not limited to, the use of escrow accounts for the safekeeping of client's funds. %%EOF These charter agreements are recognised on a global basis and created to represent all parties upholding the highest of ethical and technical standards. It is recommended that, wherever possible, the most recent edition of either the MYBA Charter Agreement or the AYCA Charter Agreement shall be used and adhered to. Items that are included in the charter rate and items that are additional vary according to the terms under which the yacht operates. Defining a voyage charter; During a loaded voyage … Revised 2010. The current situation. U.S. copyright 2003 – AYCA, Neither organization will be held responsible for any abuse or misrepresentation of this agreement. A.Y.C.A. CHARTER AGREEMENT - PAGE 1 OF 7. MYBA and AYCA Agreements call for the owner to pay the charterer liquidated damages for cancellation due to causes other than Force Majeure. 6. Charter yacht rates may vary according to the season, peak charter periods, special events and holidays, the number of charter guests, and the region in which the yacht is operating. To be eligible and to remain a Member, Charter Brokers and Charter Managers must have a clear record of adherence to high ethical standards within … The ECT – and the ongoing discourse surrounding its modernisation – has been the subject of several recent Kluwer Arbitration Blog posts. Others use what is called a bareboat demise contract. US copywritten March 2007 – AYCA. In addition, some countries have a compulsory documents required by the region’s or area’s local authorities. Adopted by the American Yacht Charter Association and the Mediterranean Yacht Brokers Association. Items that are included in the charter rate and items that are additional vary according to the terms under which the yacht operates. Page 2 of 4 A.Y.C.A. 85, Issue 2 (2019) p. 185 (‘New arbitration communities are developing on the internet around the Kluwer Arbitration Blog and OGEMID, for example.For Professor Emmanuel Gaillard, such fora “strongly … AYCA the (American Yacht Charter Association), FYBA (Florida Yacht Brokers Association) are often used for charters in American waters and the MYBA – Mediterranean Yacht Brokers Association plus expenses terms are also widely used in the Caribbean for the larger yachts. The treaty most frequently invoked for this purpose is the Energy Charter Treaty (ECT), an international multilateral investment agreement which has the aim of promoting international cooperation in the energy sector. The charter agreement will clearly define the terms and the charter rate. e`a`����ǀ |@ ���� ���oF�̡���g>�x���z]�ɓg�̙s��I���te@ ���(H��FV�D�CJ������v9h��+a`\ Rt�0�r H�20.��l�p7�20^]Q�8 � ��*� Everything else is extra, including provisions and fuel. James Graham-Cloete, Thompson Westwood & White Yachts: “We were about 50% up on bookings by the end of February for the 2020 season and 50% up as a company compared to the year before. Charter Fee. If the charter is within 6 months from the date of signing the agreement, we will require a 50 percent deposit. An active member may retain his or her active membership if he or she moves to a role managing crewed charter brokers or charter managers. The final payment, as well as the Advanced Provisioning Allowance (APA) for non-inclusive charters, is made 45 days before the charter date begins. U.S. copyrigh t 2003 - AYCA. Both the Mediterranean Yacht Brokers Association (MYBA) Standard Charter Agreement and the American Yacht Charter Association (AYCA) Recreational Bareboat Charter Agreement have force majeure provisions. iii) fourteen (14) days or less before commencement of the Charter Period, an amount equivalent to fifty percent (50%) of the Charter Fee. endstream endobj 767 0 obj <>/Metadata 49 0 R/Outlines 79 0 R/Pages 762 0 R/StructTreeRoot 84 0 R/Type/Catalog>> endobj 768 0 obj <>/MediaBox[0 0 612 792]/Parent 763 0 R/Resources<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI]/XObject<>>>/Rotate 0/StructParents 0/Tabs/S/Type/Page>> endobj 769 0 obj <>stream 0001193125-16-529996.txt : 20160405 0001193125-16-529996.hdr.sgml : 20160405 20160405062731 accession number: 0001193125-16-529996 conformed submission type: defa14a public document count: 4 filed as of date: 20160405 date as of change: 20160405 effectiveness date: 20160405 filer: company data: company conformed name: virgin america inc. central index key: 0001614436 standard … CDBG Partners with rural cities and counties to improve the lives of their low- and moderate-income residents through the creation and expansion of community and economic development opportunities in support of livable communities. THE CHARTER AGREEMENT. Signed the Heidelberg Agreement in 1994 through which the city undertook to reduce its CO 2 emissions by 20% over the period to 2005 in re lation to 1987 levels. Neither organization will be responsible for any abuse or misrepresentation of this agreement. Adopted by the American Yacht Charter Association and the Medite rranean Yacht Brokers Association. Regency is a member of MYBA and Kathleen Mullen is currently serving as President of AYCA and Treasurer of CYBA. The charterer complained in the correct way during the charter, the charter continued, ended and still negotiations were taking place for an amount of compensation to the charterer – therefore the amount that was being claimed continued to be held in the client account of the stakeholder under the MYBA Charter Agreement. The Big Dog is a spacious, bright and airy 62 ft catamaran. Yacht. Your agreement’s force majeure clause is the key provision to understanding risk allocation due to a delay or cancellation caused by COVID-19.