The OWNER of the VESSEL prior to the beginning of the CHARTER PERIOD is responsible for the delay in delivery of the VESSEL, while the OWNER is obligated to pay to the CHARTERER a refund of the CHARTER FEE, the already paid CHARTER COSTS and SECURITY DEPOSIT if the CHARTER due to the above mentioned delay decides to terminate this agreement.
In the case of the delay on the part of the OWNER the PARTIES can agree that the OWNER shall allow the CHARTERER a pro rata extension of the charter period. The costs for the days of the delay will be covered by the OWNER.
If the CHARTERER fails to re-deliver the VESSEL to the OWNER at the port of re-delivery till the expiry of the CHARTER PERIOD due to intentional delay or change of itinerary against the captain's advice or due to some other reason which was caused either by the fault of the CHARTERER and/or the GUESTS, then the CHARTERER shall pay forthwith to the OWNER by direct telegraphic transfer via the above stated account or in any other appropriate way securing instant payment to the OWNER demurrage at the daily rate plus 40% (in words: forty percent) of the daily rate and if delay in re-delivery exceeds 24 (in words: twenty-four) hours the CHARTERER shall be liable to indemnify the BROKER and thus the OWNER for any loss or damage which they will suffer by the reason of deprivation of use the VESSEL or cancellation thereof or delay in a delivery under any subsequent charter of the VESSEL.
If the re-delivery of the VESSEL is delayed by reason of FORCE MAJEURE, the re-delivery will be executed as soon as possible thereafter and in the meantime the conditions of this agreement will remain in force but without penalty or additional charge against the CHARTERER.
The OWNER of the VESSEL prior to the beginning of the CHARTER PERIOD is responsible for the delay in delivery of the VESSEL, while the OWNER is obligated to pay to the CHARTERER a refund of the CHARTER FEE, the already paid CHARTER COSTS and SECURITY DEPOSIT if the CHARTER due to the above mentioned delay decides to terminate this agreement.
In the case of the delay on the part of the OWNER the PARTIES can agree that the OWNER shall allow the CHARTERER a pro rata extension of the charter period. The costs for the days of the delay will be covered by the OWNER.
If the CHARTERER fails to re-deliver the VESSEL to the OWNER at the port of re-delivery till the expiry of the CHARTER PERIOD due to intentional delay or change of itinerary against the captain's advice or due to some other reason which was caused either by the fault of the CHARTERER and/or the GUESTS, then the CHARTERER shall pay forthwith to the OWNER by direct telegraphic transfer via the above stated account or in any other appropriate way securing instant payment to the OWNER demurrage at the daily rate plus 40% (in words: forty percent) of the daily rate and if delay in re-delivery exceeds 24 (in words: twenty-four) hours the CHARTERER shall be liable to indemnify the BROKER and thus the OWNER for any loss or damage which they will suffer by the reason of deprivation of use the VESSEL or cancellation thereof or delay in a delivery under any subsequent charter of the VESSEL.
If the re-delivery of the VESSEL is delayed by reason of FORCE MAJEURE, the re-delivery will be executed as soon as possible thereafter and in the meantime the conditions of this agreement will remain in force but without penalty or additional charge against the CHARTERER.