This Charter may be extended upon the request of either Party for a maximum of two (2) consecutive terms after the Initial Term, The bareboat charter agreement is a rental contract between the charterer and the owner of the boat. the same at its cost and in its time. of the circumstances or events referred to in paragraphs (i) to (xi) above, the Owner may, by notice to the Charterer immediately, or on such date as the Owner may specify, withdraw the Vessel from the Charterers service and/or Either Party may terminate this Charter following the total loss of the Vessel subject and without prejudice to the Charterers 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. Charter Term the Charterer shall pay the Owner hire (Charter Hire) calculated in accordance with the following formula which shall be payable at the end of each calendar month in accordance with Appendix 1: Note: Stipulated Value shall have an initial value of [*] and shall, for the purpose of calculating Charter Hire throughout the Charter Term, be reducing monthly at the rate of [*]. condition of the Vessel and an inventory of the Vessels main parts and equipment at the redelivery of the Vessel under this Charter. total loss includes the actual, agreed, constructive or compromised total loss or destruction of the Vessel. To find a great boat, please feel free to call us at +1-305-758-2500 or visit our bareboat charter page. case may be, shall also apply to and for the benefit of: This Charter shall be governed by and construed in accordance with English law and any dispute or claim arising under, out of or in The reference shall be to a panel of three EXECUTION OF AGREEMENT: The OWNER and CHARTERER, whose signatures need not be affixed to the same copy of the YACHT CHARTER PARTY AGREEMENT, may transmit the Agreement by facsimile or other electronic means. Dine aboard under the stars…or ashore at our island’s favorite Tiki Huts. copy of this Charter with the Vessels 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. 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 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, capture, detention, restraint or other seizure of the Vessel and the consequences thereof or from acts of piracy, warlike operations or other hostile acts against or affecting the Vessel, whether there be a declaration of war or not, and against any [*]: THE CONFIDENTIAL PORTION HAS BEEN OMITTED PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT AND THE OMITTED MATERIAL HAS BEEN FILED SEPARATELY WITH THE COMMISSION. area prohibited by the Vessels flag state or any of the Vessels insurers. All time relating to repair or replacement works, including time expended in any deviation from the Vessels itinerary, shall be for the Charterers account. permit to be asserted against or imposed upon the Vessel, any claims, liens or other encumbrances of any nature whatsoever, and the Charterer shall so notify any entity or person which has dealings with the Vessel including (without limitation) Download Guide highest limit of liability available for pollution risks, and any risks against which it is compulsory to insure by reason of the Vessels operations (including financial security in respect of third party liabilities) in such amounts, on such Items like premium beverages, any extra fuel, berthing fees and communications come at an additional cost. In witness whereof the parties have caused this charter to be executed by their duly authorised signatories on day of august 2010. 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