Should the charterer give a notice of cancellation of this agreement, the charterer is free to find replacement who will take over all his rights and obligations, but with the agreement of the owner.
If the charterer is not able to find the replacement, the owner withholds
- 30% of the CHARTER FEE for cancellation up to 2 months prior to the first day of the charter period
- 70% of the CHARTER FEE for cancellation up to 1 month prior to the first day of the charter period
- 100% of the CHARTER FEE for cancellation within the last month prior to the first day of the charter period
If the owner is not able to deliver the reserved vessel as agreed in this agreement, the owner will offer to the charterer another suitable yacht of the same or better type. If the replacement is not acceptable for the charterer, he/she/it can cancel this agreement but all the payments done by the charterer will not be refunded, while other rights for compensation for the benefit of the charterer are excluded.
In case that the owner is not able to deliver another vessel of the same, similar or better type, the charterer may withdraw from this agreement within the following deadlines: 24 hours for a charter period of up to 7 days; 48 hours for a charter period longer than 7 days; 72 hours for a charter period longer than 14 days. The same deadlines are applied for the periods of waiting for repairworks that occurred during the charter period for reasons not caused by the fault of the customers. If the charterer rightfully withdraws from this agreement, all the payments done by the charterer will be refunded, or, in case that the withdrawal occurred during the charter period, the corresponding amount will be refunded to the charterer. Any other payments in favour of the charterer are excluded.
In case of a delay for reasons caused by the fault of the owner, the charterer has the right for a refund for the period of delay, as well as the right for compensation of the costs of night's accommodation if the night' accommodation is not possible on the reserved vessel or on a replacement vessel.
Should the charterer give a notice of cancellation of this agreement, the charterer is free to find replacement who will take over all his rights and obligations, but with the agreement of the owner.
If the charterer is not able to find the replacement, the owner withholds
- 30% of the CHARTER FEE for cancellation up to 2 months prior to the first day of the charter period
- 70% of the CHARTER FEE for cancellation up to 1 month prior to the first day of the charter period
- 100% of the CHARTER FEE for cancellation within the last month prior to the first day of the charter period
If the owner is not able to deliver the reserved vessel as agreed in this agreement, the owner will offer to the charterer another suitable yacht of the same or better type. If the replacement is not acceptable for the charterer, he/she/it can cancel this agreement but all the payments done by the charterer will not be refunded, while other rights for compensation for the benefit of the charterer are excluded.
In case that the owner is not able to deliver another vessel of the same, similar or better type, the charterer may withdraw from this agreement within the following deadlines: 24 hours for a charter period of up to 7 days; 48 hours for a charter period longer than 7 days; 72 hours for a charter period longer than 14 days. The same deadlines are applied for the periods of waiting for repairworks that occurred during the charter period for reasons not caused by the fault of the customers. If the charterer rightfully withdraws from this agreement, all the payments done by the charterer will be refunded, or, in case that the withdrawal occurred during the charter period, the corresponding amount will be refunded to the charterer. Any other payments in favour of the charterer are excluded.
In case of a delay for reasons caused by the fault of the owner, the charterer has the right for a refund for the period of delay, as well as the right for compensation of the costs of night's accommodation if the night' accommodation is not possible on the reserved vessel or on a replacement vessel.