Vessel Description
Owner warrants that, as of the date and time of Vessel delivery hereunder and during the Charter Term, the Vessel and its equipment will have the particulars, capabilities, and capacities as shown in Appendix A hereto ("Appendix A"), Appendix A being deemed incorporated and made an integral part of the Charter. Should there be any conflict between the particulars, capabilities, and capacities shown in Appendix A and any other provision within a Clause of the Charter, the particulars, capabilities, and capacities as specified in the Clause of the Charter shall prevail to the extent of the conflict.
Vessel Drawings
Owner shall provide Charterer with two copies of the following plans for the Vessel prior to delivery, or as soon thereafter as practicable:
General Arrangement Plan
Capacity Plan
Midships Plan
Piping Arrangement in Pumproom, including profile and plan views
Manufacturer's Cargo Pump Performance Curves
Results of Sea Trials (if the Vessel is a Newbuilding)
Cargo System Diagram
Mooring Plan, arrangement and details
Hire
Payment of Hire
Charterer shall pay hire for the use of the Vessel in United States dollars per day, Payments shall or pro rata for part of a day. Payments shall be made monthly, by the tenth (10th) day of the calendar month for which the hire payment is due, to:
CHASE MANHATTAN BANK
NEW YORK, NEW YORK
ACCOUNT OF: ______________
ACCOUNT NO.: _______________
be made by electronic funds transfer, without discount or adjustment except as specified in Clause or elsewhere in the Charter, commencing with the date and hour (UTC) the Vessel is placed at Charterer's disposal as specified in Clause Error: Reference source not found and continuing to the date and hour (UTC) the Vessel is redelivered to Owner at the expiration or any termination of the Charter, except as may otherwise be provided in the Charter. Any hire paid in advance and not earned shall be returned to Charterer at once by Owner and/or by any party to whom Owner may have permissively assigned the hire hereunder. Owner, in any event, shall be jointly and separately responsible, along with any such assignee, for such return of hire. In no event will initial payment of hire be made until the Vessel is placed at Charterer's disposal as provided in the Charter. Charterer shall not be responsible for any delay or error by Owner's bank in crediting Owner's account with hire, provided Charterer has made proper payment of hire within the time permitted under Clause , including, without limitation, the grace period specified in Clause
Hire Rate for Firm Period
$24,450 per day pro rata for one year time charter. Hire includes all overtime, extra victualling, and communications expenses.
Hire Rate for Optional Period(s)
There are no optional periods under the Charter.
Hire Rate for Off-Hire Extensions
The daily rate of hire for any extended period due to off-hire in accordance with Clause …. shall be the rate that was in effect at the time of the off-hire.
Additional Payment
Yearly COFR/OPA costs, if any, for Owner's account. U.S. P&I surcharges for Charterer’s account.
Deductions
Charterer shall be entitled to deduct from hire payments any:
disbursements for Owner's account, including commissions thereon;
lay-up savings calculated in accordance with Clause ….previous overpayments of hire, including the value of past off-hire;
amounts representing expenses incurred by Charterer relating to off-hire periods ("Related Off-Hire Expense");
amounts representing the value of off-hire periods and Related Off-Hire Expense anticipated to occur during the month or other period for which a payment of hire to be is made, it being understood and agreed that Charterer shall not be required to make a monthly advance or other payment of hire if Vessel is, on the due date for payment, off-hire;
any sums due pursuant to Clause Error: Reference source not found;
claims pursuant to Clause....., and;
other sums to which Charterer is entitled under the Charter.