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ADDITIONAL RIDER CLAUSES TO / MAN INDUSTRIES (INDIA) LTD.

CONTRACT OF AFFREIGHTMENT DATED

CLAUSE 20: VESSEL DESCRIPTION NAME OF OWNERS: NAME OF DESPONENT OWNERS / CARRIER NAME OF PERFORMING VESSEL : BRIEF SPECS, SUBSTITUTE VESSEL SHOULD BE PROPERLY GEARED AND GEAR MIN 25MT SWL, AGE MAX 25 YEARS. OVERAGE PREMIUM, IF ANY, TO BE FOR OWNERS ACCOUNT. VESSEL MUST BE OPEN HATCH / BOX TYPE HOLD SUITABLE FOR DROP STOW OF 3LP COATED PIPES. SUBJECT TO REPLY TO CHARTERERS QUESTIONNAIRE IN FULL WITHIN 12 HRS OF EACH VESSEL NOMINATION FORMAT ENCLOSED

OWNERS GUARANTEE THAT VESSEL IS CREWED SUCH THAT LOADING/DISCHARGING OPERATIONS RUN 24 HOURS PER DAY AND ARE NOT HAMPERED BY BREAKS OR OTHER DOWN PERIODS IN RESPECT OF CREW. IN THE EVENT THAT A CRANE OR CRANES DONOT FUNCTION FOR A PROLONGED PERIOD OF TIME(MORE THAN 24 CONSECUTIVE HOURS), RESULTING IN THAT HOLD(S) LEFT WITH CARGO (FOR DISCHARGE) AND / OR BALANCE LOADING (FOR LOADING) WHILE OTHER HOLDS ARE COMPLETED, OWNERS SHALL HAVE THE RIGHT TO USE A SHORE CRANE IN VIEW OF CRANE FAILURE, AT THEIR COST. SUCH CRANE(S) IS OF CAPACITY COMMENSURATE WITH THE DE-COMMISSIONED CRANE. OWNERS GUARANTEE THAT VESSEL IS EQUIPPED WITH ADEQUATE OVER-SIDE LIGHTING AS DEFINED BY HER RESPECTIVE CLASS AND SHALL PROVIDE ADEQUATE ELECTRIC POWER TO ASSIST IN NIGHT OPERATIONS. IN EACH CASE FREE OF EXPENSE TO THE CHARTERERS. VESSEL TO BE EQUIPPED WITH ADEQUATE MEANS OF COMMUNICATION. VESSEL TO HAVE HIGHEST LLOYDS CLASS APPROVED OR EQUIVALENT IACS. VESSEL TO BE FULLY ISPS AND ISM APPROVED VESSEL TO MAINTAIN PROTECTION AND INDEMNITY COVER AS WELL AS HULL AND MACHINERY COVER THROUGHOUT HER EMPLOYMENT UNDER THIS CONTRACT. OWNERS TO CHECK & SATISFY THEMSELVES OF ALL REGULATIONS/RESTRICTIONS (DRAFT/ BEAM, LOA, ETC.) AT LOAD & DISCHARGE PORTS. PERFORMING VESSEL TO BE APPROVED BY SHIPPERS/RECEIVERS WITHIN 24 WORKING HOURS EXCLUDING HOLIDAYS OF NOMINATION. IF VESSEL FAILS ON SUBJECTS, THEN OWNERS TO NOMINATE A SUBSTITUTE VESSEL AS PER LAYCAN GIVEN BY THE CHARTERERS. INCASE OF

CHARTERERS REJECTION TO OWNERS VESSEL NOMINATION, VALID REASONS TO BE PROVIDED BY CHARTERERS. APPROVAL OF VESSEL NOMIATION NOT TO UNREASONABLY WITH HELD. THE VESSEL USED SHALL COMPLY WITH THE CORRECT INST ITUTE CLASSIFICATION CLAUSE OF THE INSTITUTE OF LONDON UNDERWRITERS HANDLING AND STOWAGE OF THE PIPES SHALL BE
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ADDITIONAL RIDER CLAUSES TO / MAN INDUSTRIES (INDIA) LTD. CONTRACT OF AFFREIGHTMENT DATED

DONE IN SUCH A WAY AS TO AVOID DAMAGE. SUITABLE SEPARATION MATERIAL SHALL BE USED TO PREVENT CONTACT WITH OTHER STEEL PARTS OF THE HOLDS. OWNERS TO ADVISE ON NOMINATION OF VESSEL THE FOLLOWING: - WHETHER VESSEL IS OWNED OR CHARTER IN - VESSEL REGISTRY CERTIFICATE - VESSEL P&I CERTIFICATE - VESSEL CERTIFICATE OF ENTRY - VESSEL CLASS CERTIFICATE - VESSEL ISM CERTIFICATE CLAUSE 21: LAYCAN PERIOD : LAYCAN: CHARTERERS TO ADVISE PREFERRED LAYCAN, WITH MUTUAL AGREEMENT BETWEEN CHARTERERS AND OWNERS, CHARTERERS TO ADVICE PREFFERED LAYCAN, CARGO QUANTITY AS PER DETAILED BOQ 10 DAYS IN ADVANCE FROM COMMENCEMENT OF 1ST DAY OF LAYCAN WITH 5 DAYS SPREAD. CARGO QUANTITY AS PER DETAILED BOQ, OWNERS WILL BE LIABLE FOR LIQUIDATED DAMAGES FOR NON-PRESENTATION OF VESSEL OR SUBSTITUTION EQUIVALENT TO ANY LOSS OR PENALTY SUFFERED BY CHARTERERS AND FREIGHT EXCESS PAID BY CHARTERERS OVER FREIGHT IN US DOLLARS MENTIONED IN CLAUSE 23 FOR ARRANGING ALTERNATE CARRIAGE IN THE EVENT OF FAILURE OF OWNERS TO PLACE VESSEL OR SUBSTITUTION AS PER LAYCAN AGREED IN CLAUSE 21. ALL COST, CLAIMS, LIQUIDATED DAMAGES AND CONSEQUENTIAL DAMAGES ARISING OUT OF SUCH ALTERNATE ARRANGEMENT WILL BE TO OWNERS ACCOUNT. CLAUSE 22: CARGO STOWAGE CARGO TO BE LOADED AND STOWED UNDER DECK ONLY. TRANSHIPMENT NOT ALLOWED. AS PART CARGO ALLOWED. PIPES OF LARGE DIMENSIONS AND HEAVY WEIGHT TO BE STOWED AT THE BOTTOM OF THE HOLD SUBJECT TO MASTERS AGREEMENT FOR SAFETY OF THE VESSEL. THE NUMBER OF LOAD BEARING (WOODEN) STRIPS ON TANK TOP AS WELL AS SEPARATOR (WOODEN) STRIPS DUE TO CHANGE IN OUTER DIA OF PIPES TO BE AS PER CHARTERERS GENERAL REQUIREMENT FOR SHIPMENT (COPY ATTACHED FOR REFERENCE). CARGO TO BE STOWED AND NESTED WITH RUBBER STRIPS SEPARATION BETWEEN EACH TIER / LAYER. LASHING / SECURING / DUNNAGE TO BE ARRANGED AT OWNERS TIME / ACCOUNT, AS PER MUTUAL SATISFACTION OF SHIPPER AND MASTER. CARGO STOWAGE TO BE AS PER MASTERS STOWAGE PLAN. STOWAGE PLAN TO BE SENT TO M/S MAN INDUSTRIES INDIA LTD TOGETHER WITH VESSELS NOMINATION AND TO BE FINALISED WITH THEIR CONSULTATION 3 DAYS PRIOR VESSEL ARRIVAL LOAD PORT.

SHIPPERS TO LOAD ONLY SOUND CARGO, MASTER HAS RIGHT TO REJECT ANY UNSOUND CARGO AND CHARTERERS TO REPLACE REJECTED QUANTITY AT THEIR TIME/COST/ACCOUNT. OWNERS TO ENSURE SAFE LOADING AND DISCHARGING OF CARGO. ANY STEVEDORE DAMAGE CAUSED TO THE PERFORMING VESSEL DURING LOADING AND/OR DISCHARGING OPERATIONS TO
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ADDITIONAL RIDER CLAUSES TO / MAN INDUSTRIES (INDIA) LTD. CONTRACT OF AFFREIGHTMENT DATED

BE ON OWNERS ACCOUNT AND IS TO BE SETTLED DIRECTLY BETWEEN THE OWNERS AND SETEVEDORES COMPANY, CHARTERERS SHALL ONLY ASSIST WITH NO OBLIGATIONS. OWNERS TO HAVE AN OPTION TO LOAD OTHER PART CARGO SUBJECT TO SEPARATION OF LOADING OF PIPES. OWNERS TO INDICATE TRANSIT TIME / VESSEL SCHEDULE AT TIME OF NOMINATION OF VESSEL.

CLAUSE 23: FREIGHT AND LOADING / DISCHARGING TERMS FREIGHT RATE: USD XXXX PER WEIGHT OR MEASUREMENT, WHICHEVER IS HIGHER. TERMS: FULL LINER TERMS (HOOK TO HOOK) 100 % FREIGHT LESS COMMISSION IS PAYABLE WITHIN 5 BANKING DAYS ON RECEIPT OF OWNERS INVOICE IN US DOLLARS TO OWNERS NOMINATED USD BANK ACCOUNT, ORIGINAL BILLS OF LADING MARKED FREIGHT PREPAID AND CLEAN ON BOARD TO BE ISSUED BY THE OWNERS OR ITS AGENTS IMMEDIATELY TO SHIPPERS UPON COMPLETION OF LOADING BUT ALWAYS BEFORE BREAKING BULK. BILL OF LADING TO BE MANUALLY SIGNED, 3 ORIGINALS AND 7 NON-NEGOTIABLE COPIES DULY OFFICIALLY STAMPED BY MASTER AND/OR OWNERS AND/OR THEIR AGENTS. CBM TO BE CALCULATED AS THE SQUARE OF THE OUTER DIAMETER TIMES THE LENGTH OF PIPE AND FREIGHT IS TO BE INVOICED ACCORDINGLY ALL WAR RISK & PIRACY PREVENTION PREMIUM ON OWNERS ACCOUNT. PRIATES INSURANCE, ARMED GUARDS AND ALL OTHER PROTECTIVE MEASURES LIKE RAZOR WIRE, ETC., IF ANY TO BE FOR OWNERS ACCOUNT AT LOAD AND DISCHARGE PORT, PORT HANDLING CHARGES (PHC), IF ANY, ON SHIPPER AND RECEIVERS ACCOUNT RESPECTIVLY, BASED ON THE CUSTOM OF THE PORT. DISCHARGE RATE: OWNERS TO GIVE SEVEN DETENTION FREE DAYS BASSIS 24 HRS FROM THE DATE AND TIME DISCHARGE OPERATION COMMENCES IN ANY CASE, NO DETENTION CHARGES WILL APPLY FOR POOR LOAD RATE OR POOR DISCHARGE RATE HEAD OWNER / THEIR MANAGERS TO CONFIRM BY ISSUING A CERTIFICATE ON THEIR LETTER HEAD IN CHARTERERS WORDING THAT DESPONENT OWNERS IS DULY AUTHORISED TO COLLECT FREIGHT ON THEIR BEHALF FOR THE SAID VOYAGE(S), FAILING WHICH CHARTERERS WILL NOT BE RESPONSIBLE FOR DELAY IN REMITTANCE OF FREIGHT. FORMAT ATTACHED

CLAUSE 24: BILL OF LADING MASTER CAN CLAUSE THE MATES RECEIPT AS PER THE CLAUSE JOINTLY AGREED BETWEEN

CHARTERERS SURVEYORS & OWNERS P & I SURVEYORS. MASTER FOR THIS PURPOSE TO INFORM SHIPPER / CHARTERER ON A DAILY BASIS IN WRITING THE CLAUSE HE INTENDS TO INSERT ON THE MATES RECEIPT AND RESPECTIVE NUMBER OF PIPES AFFECTED BY SUCH CLAUSE. OWNERS ALWAYS TO RELEASE CLEAN BILLS OF LADING AGAINST CLAUSED MATES RECEIPT FOR MINOR AND NON-SUBSTANTIAL DAMAGES.
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ADDITIONAL RIDER CLAUSES TO / MAN INDUSTRIES (INDIA) LTD. CONTRACT OF AFFREIGHTMENT DATED

IN CASE OF CHARTERERS REQUIRE CLEAN BS/L AGAINST THE CLAUSED MATES RECEIPT, CHARTERERES TO PROVIDE LETTER OF INDEMNITY AS PER OWNERS P AND I CLUB FORMAT FOR ISSUANCE OF CLEAN BILLS OF LADING AGAINST CLAUSED MATES RECEIPTS, WHICH TO BE SIGNED / STAMPED BY CHARTERERS AUTHORISED SIGNATORY ON THEIR CORPORATE LETTER HEAD FOR MINOR AND NON-SUBSTANTIAL DAMAGES. IN CASE OF ANY OF THE FOLLOWING REMARKS IN THE MATE RECEIPT: 1. PIPES WERE STORED IN OPEN STORAGE YARD EXPOSED TO WEATHER PRIOR SHIPMENT. 2. SOME PIPES INNER AND OUTER SURFACE COVERED WITH DUST/DIRT. 3. ____ NOS. OF PIPES INNER SURFACE, BEVEL EDGE AND BEVEL PROTECTING RING FOUND ATMOSPHERIC RUSTY. 4. ____ NOS. OF PIPES WITH LIGHT HANDLING GEAR SCRATCHES MARKS ON THE OUTER ROLLING SURFACE AT PLACES. 5. QUALITY UNKNOWN. SAID TO BE / SAID TO WEIGH. SHIPPERS TO ISSUE L.O.I ON THEIR CORPORATE LETTER HEAD DULY SIGNED BY CHARTERER AUTHORISED SIGNATORY IN OWNERS FORMAT AND INDEMNIFY OWNERS/ DISPONENT OWNERS, MANAGERS AGENTS FOR ANY CLAIMS / LIABILITIES ARISING DUE TO SUCH REMARKS. THE MASTER/OWNERS TO BE RESPONSIBLE FOR THE NUMBER OF PIPES AS MAY BE LOADED. BILLS OF LADING TO BE ISSUED BY THE OWNERS AND CARGO FIGURES TO BE FINALISED AS PER MATES RECEIPTS ISSUED BY MASTER/CHIEF OFFICER. THE CARGO TO BE DELIVERED TO RECEIVERS ONLY AGAINST PRESENTATION OF ORIGINAL BILLS OF LADING AT THE DISCHARGE PORT. IF THE ORIGINAL OF BILL OF LADING IS NOT AVAILABLE AT THE DISCHARGE PORT PRIOR TO THE ARRIVAL OF THE VESSEL, CHARTERERES SHALL PROVIDE SUITABLE LETTER OF INDEMNITY TO OWNERS AS PER THE WORDING APPROVED BY OWNERS P AND I CLUB FOR FACILITATING DISCHARGE OF THE CARGO. SUCH LETTER SHALL BE SIGNED / STAMPED BY AUTHORISED SIGNATORY ON THEIR CORPORATE LETTER HEAD. IF THE REGAULATION AT THE DISCHARGE PORT ARE SUCH THAT IT IS MANDATORY TO PRESENT THE ORIGINAL BILLS OF LADING FOR DISCHARG OF CARGOAND THE VESSEL HAS TO WAIT DUE TO NON PRESENTATION OF ORIGINAL BILLS OF LADING, THE CONSEQUENTIAL WAITING TIME FROM THE TIME OF TENDERING OF A VALID NOTICE OF READINESS TILL THE COMMENCEMENT OF DISCHARGE OF CARGO TO BE FOR CHARTERERS ACCOUNT AND DETENTION SHALL APPLY. .

CHARTERERS WILL ISSUE SPECIFIC L.O.I (S), NAMELY, PERTAINING TO ISSUANCE OF CLEAN BILL OF LADING, COMMENCEMENT OF DISCHARGE IN THE ABSENCE OF (O)B/L AND CHANGE IN BILLS OF LADING WITH RESPECT TO MATES RECEIPT ONLY. OWNERS REQUEST FOR ANY OTHER L.O.I WILL NOT BE CONSIDERED AT A LATER DATES UNLESS IT IS REQUIRED TO BE ISSUED TO COVER OWNERS FOR ANY OTHER SPECIFIC REQUEST MADE BY CHARTERERS. BILLS OF LADING SIGNING AUTHORITY LETTER FROM HEAD OWNERS AND/OR MASTER TO BE PROVIDED TO CHARTERERS ALONGWITH THE SIGNING / RELEASING OF ORIGINAL BILLS OF

LADING. ORIGINAL BILLS OF LADING TO BE SIGNED ON BEHALF OF THE MASTER AND / OR CARRIER BY VESSEL LOCAL AGENTS AT LOADPORT. CARRIER NAME TO BE STATED ON ALL BILLS OF LADING ISSUED UNDER THIS C.O.A.

CLAUSE 25: DETENTION


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ADDITIONAL RIDER CLAUSES TO / MAN INDUSTRIES (INDIA) LTD. CONTRACT OF AFFREIGHTMENT DATED

BERTHING DELAY, IF ANY, DUE TO BAD WEATHER, SWELL, CONGESTION, ETC. WILL BE ON OWNERS ACCOUNT BOTH ENDS. DETENTION AMOUNT USD 8000/- PER DAY BASIS 4 HOOKS, PRO RATA LESS. CHARTERERS TO PROVIDE ALL REQUISITE SHIPPING DOCUMENTS TO OWNERS AGENTS AT LOAD PORT. ANY DELAY ATTRIBUTABLE TO HOOK REMAINING IDLING DUE TO WANT OF CARGO TO LOAD/DISCHARGE PORT DUE TO NON-READINESS OF DOCUMENTATION AS PER PORT NORMS SHALL COUNT AS TIME ON DETENTION.

CHARTERER SHALL IN NO EVENT BE LIABLE FOR DETENTION CHARGES UNLESS THE DETENTION CLAIM, INCLUDING WITH REASONABLE DETAIL, THE SPECIFIC FACTS UPON WHICH THE CLAIM IS BASED, ARE PROVIDED BY THE OWNERS, AND HAS BEEN PRESENTED TO THE CHARTERERS, WITHIN 30 DAYS OF COMPLETION OF DISCARGE. THE DETENTION CHARGES, IF ANY, ARE TO BE REMITTED BY THE CHARTERERS WITHIN 60 DAYS of THE SUBMISSION OF LAYTIME STATEMENT, NOTICE OF READINESS, COPY OF SIGNED STATEMENT OF MASTER,AND BY THE CHARTERER OR THE RECEIVER AND/OR THEIR AGENT AT THE RESPECTIVE PORT. . CLAUSE 26: TAXES & DUES TAXES/DUES/LEVY/WHARFAGE ON CARGO TO BE FOR CHARTERERS/SHIPPERS/RECEIVERS ACCOUNT AT LOAD/DISCHARGE PORT RESPECTIVELY. TAXES/DUES/LEVY/WHARFAGE ON VESSEL, FLAG AND FREIGHT (INCLUDING FREIGHT TAX), IF ANY, AT LOAD PORT AND DISCHARGE PORT TO BE FOR OWNERS ACCOUNT. AT DISCHARGE PORT, PORT AUTHORITY CHARGES LIMITED TO VESSEL MARINE DUES AND LINER COST, IF ANY, TO BE FOR OWNERS ACCOUNT FULLY.

CLAUSE 27: LOAD / DISCHARGE PORT NOTICES MASTER TO SERVE 5 DAYS NOTICES AND 72/48/24 HOURS DEFINITE NOTICE OF ARRIVAL AT `LOAD/DISCHARGE PORT TO SHIPPERS / RECEIVERS ACCORDINGLY. MASTER TO SERVE 72/48/24 HOURS DEFINITE NOTICE OF ARRIVAL AT LOAD PORT AND 5 DAYS FOLLOWED WITH 72/48/24 HOURS DEFINITE NOTICE AT DISCHARGE PORT TO SHIPPERS / RECEIVERS ACCORDINGLY. AT RECEIVER TBN SHIPPER EMAIL: raj.gupta@maninds.org

ashutosh.miskin@maninds.org anil.mishra@maninds.org NOTICE OF READINESS TO BE TENDERED UPON ARRIVAL OF THE VESSEL WITHIN LIMITS OF LOAD PORT., AND AFTER THE VESSEL IS READY IN ALL RESPECTS AND FULLY AVAILABLE TO LOAD THE
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ADDITIONAL RIDER CLAUSES TO / MAN INDUSTRIES (INDIA) LTD. CONTRACT OF AFFREIGHTMENT DATED

INTENDED CARGO. N.O.R TO BE TENDERED BOTH ENDS BY TELEX / CABLE / FAX AS PER GENCON WWWW ATDN EXCEPT ON SUNDAYS, PORT HOLIDAYS AND CHARTER PARTY HOLIDAYS. MASTER IS TO MAKE SURE THAT VESSELS HOLDS ARE WASHED, SWEPT AND COMPLETELY CLEANED TO SHIPPERS SATISFACTION PRIOR TO TENDERING N.O.R. AT LOADPORT. INCASE VESSEL HOLDS DONOT PASS INSPECTION SURVEY BY INDEPENDENT SURVEYORS AND NOT FOUND SUITABLY CLEAN TO LOAD THE INTENDED CARGO, TIME WILL CEASE TO COUNT FROM THE TIME VESSEL HOLDS FAILED UNTIL SUCH TIME HOLDS ARE PASSED BY SURVEYORS. FRESH N.O.R TO BE TENDERED BY OWNERS ON PASSING OF HATCH SURVEY. INCASE OF DISPUTE IN THIS RESPECT, OPINION OF AN INDEPENDENT SURVEYOR TO APPLY AND TIME + COSTS OF SUCH SURVEY WILL BE TO OWNERS ACCOUNT. OWNERS TO KEEP CHARTERERS INFORMED DAILY OF VESSELS POSITION THROUGHOUT CURRENCY OF THE VOYAGE. OWNERS AGENTS BOTH ENDS (CHARTERERS RECOMMEND OWNERS APPOINT AGENTS OF THEIR CHOICE HAVING ITS OFFICE IN MUMBAI).

CLAUSE 28: SURVEYORS

CHARTERERS HAVE THE RIGHT TO APPOINT THEIR SURVEYORS AT LOAD / DISCHARGE PORT AT THEIR OWN COST. OWNERS / MASTER SHALL PERMIT & GRANT PERMISSION TO THE CHARTERERS NOMINATED SURVEYORS TO BOARD THE VESSEL TO CONDUCT SURVEY, TALLY AND SUPERVISION OF PIPES

CLAUSE 29: FORCE MAJEURE EITHER PARTY TO THIS AGREEMENT SHALL NOT BE CONSIDERED IN DEFAULT IN THE PERFORMANCE OF THEIR OBLIGATIONS AS PER THE CONTRACT, SO LONG AS SUCH PERFORMANCE IS PREVENTED OR DELAYED FOR REASONS, SUCH AS ACTS OF GOD, EARTHQUAKE, TSUNAMI, TYPHOON OR CYCLONE (EXCEPT MONSOON), FLOODS, LIGHTENING, LAND-SLIDE, FIRE OR EXPLOSION, PLAGUE OR EPIDEMIC, STRIKES, LOCKOUTS ACCEPTED BY PORT AUTHORITIES, SABOTAGE, BLOCKAGES, WAR, RIOTS, INVASION, ACT OF FOREIGN ENEMIES, HOSTILITIES (WHETHER WAR BE DECLARED OR NOT), CIVIL WAR, CIVIL DISTURBANCE, SHORTAGE AND / OR UNAVAILABILITY AND / OR INTERRUPTIONS OF TRANSPORT SERVICE DUE TO DELUGE RESULTING FROM INCESSANT RAIN, POWER FAILURES, PARAPHERNALIA BREAK DOWN, COMPLIANCE WITH ANY ORDER, ACT OR ANY REGULATION OF ANY GOVERNMENT OR GOVERNMENT AGENCY OR LOCAL AUTHORITY INCLUDING PORT & CUSTOMS, REBELLION, REVOLUTION, INSURRECTIONS OR MILITARY USURPED POWER OR CONFISCATION OR TRADE EMBARGOES OR DESTRUCTION OR REQUISITION BY ORDER OF ANY GOVERNMENT OR ANY PUBLIC AUTHORITY OR BY REASONS BEYOND THE CONTROL OF THE PARTIES. THE PROOF OF EXISTENCE OF FORCE MAJEURE SHALL BE PROVIDED BY THE PARTY CLAIMING IT TO THE SATISFACTION OF THE OTHER. EITHER PARTY TO THIS AGREEMENT SHALL NOTIFY EACH OTHER ABOUT THE OCCURRENCE OF THE FORCE MAJEURE EVENTS AND PROVIDE THE OTHER WITH THE DETAILS OF THE ARISING AND CEASING OF THE IMPEDIMENT. AT THE END OF THE IMPEDIMENT THE AGGRIEVED SHALL PROVIDE JUSTIFICATORY DOCUMENTATION COUNTER SIGNED BY THE LOCAL CHAMBER OF COMMERCE.

SHOULD ONE OR BOTH OF THE PARTIES BE PREVENTED FULFILMENT OF THE CONTRACTUAL OBLIGATION BY A STATE OF FORCE MAJEURE LASTING CONTINUOUSLY FOR A PERIOD OF SIX WEEKS THE TWO PARTIES SHALL CONSULT EACH OTHER REGARDING THE FUTURE IMPLEMENTATION OF THE CONTRACT. THE MERE SHORTAGE OF LABOUR, MATERIALS OR
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ADDITIONAL RIDER CLAUSES TO / MAN INDUSTRIES (INDIA) LTD. CONTRACT OF AFFREIGHTMENT DATED

UTILITIES SHALL NOT CONSTITUTE FORCE MAJEURE UNLESS CAUSED BY CIRCUMSTANCES WHICH ARE THEM SELVES, FORCE MAJEURE.. THE AGGRIEVED PARTY SHALL ENDEAVOUR TO PREVENT, OVER COME OR REMOVE THE CAUSES OF FORCE MAJEURE. NO GROUND FOR EXEMPTION CAN BE EVOKED IF THE AGGRIEVED FAILED TO GIVE TIMELY NOTICE BY PROTEST LETTER AND SUBSEQUENTLY SUPPORTED BY DOCUMENTARY EVIDENCE. IN CASE OF ANY DISPUTE BETWEEN OWNERS AND CHARTERERS, THE SAME BE RESOLVED ONLY THROUGH THE DISPUTE MECHANISM PROVIDED IN THE TERMS OF THE C.O.A / INTERNATIONALLY ACCEPTED NORMS OF MARITIME PRACTICE AND NOT THROUGH ANY OTHER MEANS. IN CASE OWNERS RESORT TO OTHER MEANS, THE C.O.A CAN BE ABROGATED AT NO COST / CLAIM TO THE CHARTERER, BY ANY WITH 15 DAYS NOTICE. FREIGHT ON EVERY SHIPMENT IS PAYABLE AS DUE AND REMAINS THE SAME FOR THE DURATION OF THE C.O.A. NEITHER PARTY SHALL CLAIM ANY COMPENSATION / DAMAGES / DETENTION FROM THE OTHER PARTY ON ACCOUNT OF THE FORCE MAJEURE. CLAUSE 30: INCORPORATED STANDARD CLAUSES FOLLOWING CLAUSES TO BE INCORPORATED TO THIS CHARTER PARTY / Bs/L AND FORM PART OF IT: NEW JASON CLAUSE GENERAL PARAMOUNT CLAUSE BOTH TO BLAME COLLISION CLAUSE BIMCO ISPS CLAUSE HIMALAYA CLAUSE

IN ACCORDANCE / PREVAILING AT THE TIME OF SHIPMENT, WITH MODIFICATIONS AND REENACTMENTS THEREOF; SAME TO THE EXTENT NECESSARY TO GIVE EFFECT TO THE PROVISIONS OF THIS CLAUSE.

CLAUSE 31: DISPUTE RESOLUTION ALL TERMS OF THIS CONTRACT TO BE TREATED STRICTLY CONFIDENTIAL AND ARE NOT TO BE DISCLOSED TO ANY THIRD PARTY, EXCEPT TO LAWYERS AND/OR ARBITRATORS. NO CLAIMS INCLUDING DEADFREIGHT, DETENTION AND DEMURRAGE OF ANY OTHER SHIPMENT OR ANY OTHER C.O.A OR ANY OTHER DISPUTE NOT IN RELATION TO THIS C.O.A, SHALL BE COMBINED WITH, SHIPMENTS UNDER THIS C.O.A AND OWNERS SHALL NOT HAVE ANY RIGHTS IN RESPECT THEREOF ON CARGOS SHIPPED UNDER INDIVIDUAL SHIPMENTS OF THIS C.O.A. (A) THIS CONTRACT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH ENGLISH LAW AND ANY DISPUTE ARISING OUT OF OR IN CONNECTION WITH THIS CONTRACT SHALL BE REFERRED TO ARBITRATION IN SINGAPORE IN ACCORDANCE WITH THE LMAA OR ANY STATUTORY MODIFICATION OR RE-ENACTMENT THEREOF, SAME TO THE EXTENT NECESSARY TO GIVE EFFECT TO THE PROVISION OF THIS CLAUSE.

THE ARBITRATION SHALL BE CONDUCTED IN ACCORDANCE WITH THE LONDON MARITIME ARBITRATORS ASSOCIATION (LMAA) TERMS CURRENT AT THE TIME WHEN THE ARBITRATION PROCEEDINGS ARE COMMENCED. PLACE OF ARBITRATION SHALL BE SINGAPORE AND ENGLISH LAW TO APPLY.
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ADDITIONAL RIDER CLAUSES TO / MAN INDUSTRIES (INDIA) LTD. CONTRACT OF AFFREIGHTMENT DATED

THE REFERENCE SHALL BE TO THREE ARBITRATORS. A PARTY WISHING TO REFER A DISPUTE TO ARBITRATION SHALL INTIMATE OTHER PARTY OF THEIR INTENTION OF ENTERING INTO ARBITRATION. WITHIN 14 DAYS OF SUCH INTIMATION, BOTH PARTIES TO APPOINT THEIR OWN ARBITRATORS WHO IN TURN WILL APPOINT UMPIRE ARBITRATOR WHOS JUDGEMENT WILL BE FINAL AND BINDING ON BOTH PARTIES. IN CASE WHERE NEITHER THE CLAIM NOR ANY COUNTERCLAIM EXCEEDS THE SUM OF USD. 50,000/- (OR SUCH OTHER SUM AS THE PARTIES MAY AGREE) THE ARBITRATION SHALL BE CONDUCTED IN ACCORDANCE WITH THE LMAA SMALL CLAIMS PROCEDURE PREVAILING AT THE TIME WHEN THE ARBITRATION PROCEEDINGS ARE COMMENCED. (B) NOTWITHSTANDING THE ABOVE, THE PARTIES MAY AGREE AT ANY TIME TO REFER TO MEDIATION ANY DIFFERENCE AND/OR DISPUTE ARISING OUT OF OR IN CONNECTION WITH THIS CONTRACT. IN THE CASE OF A DISPUTE IN RESPECT OF WHICH ARBITRATION HAS COMMENCE UNDER THE ABOVE, THE FOLLOWING SHALL APPLY: (I) EITHER PARTY MAY AT ANY ;TIME OR FROM TIME TO TIME ELECT TO REFER THE DISPUTE OR PART OF THE DISPUTE TO MEDIATION BY SERVICE ON THE OTHER PARTY OF A WRITTEN NOTICE (THE MEDIATION NOTICE) CALLING ON THE OTHER PARTY TO AGREE TO MEDIATION. (II) THE OTHER PARTY SHALL THEREUPON WITHIN 14 CALENDAR DAYS OF RECEIPT OF THE MEDIATION NOTICE CONFIRM THAT THEY AGREE TO MEDIATION, IN WHICH CASE THE PARTIES SHALL THEREAFTER AGREE A MEDIATOR WITHIN A FURTHER 14 CALENDAR DAYS, FAILING WHICH ON THE APPLICATION OF EITHER PARTY A MEDIATOR WILL BE APPOINTED PROMPTLY BY THE ARBITRATION TRIBUNAL (THE TRIBUNAL) OR SUCH PERSON AS THE TRIBUNAL MAY DESIGNATE FOR THAT PURPOSE. THE MEDIATION SHALL BE CONDUCTED IN SUCH PLACE AND IN ACCORDANCE WITH SUCH PROCEDURE AND ON SUCH TERMS AS THE PARTIES MAY AGREE OR, IN THE EVENT OF DISAGREEMENT, AS MAY BE SET BY THE MEDIATOR. (III) IF THE OTHER PARTY DOES NOT AGREE TO MEDIATE, THAT FACT MAY BE BROUGHT TO THE ATTENTION OF THE TRIBUNAL AND MAY BE TAKEN INTO ACCOUNT BY THE TRIBUNAL WHEN ALLOCATING THE COST OF THE ARBITRATION AS BETWEEN THE PARTIES. (IV) THE MEDIATION SHALL NOT AFFECT THE RIGHT OF EITHER PARTY TO SEEK SUCH RELIEF OR TAKE SUCH STEPS AS IT CONSIDERS NECESSARY TO PROTECT ITS INTEREST. (V) EITHER PARTY MAY ADVISE THE TRIBUNAL THAT THEY HAVE AGREED TO MEDITATION. THE ARBITRATION PROCEDURE SHALL CONTINUE DURING THE CONDUCT OF THE MEDIATION BUT THE TRIBUNAL MAY TAKE THE MEDIATION TIMETABLE INTO ACCOUNT WHEN SETTING THE TIMETABLE FOR STEPS IN THE ARBITRATION. (VI) EACH PARTY SHALL BEAR ITS OWN COSTS INCURRED IN THE MEDIATION AND THE PARTIES SHALL SHARE EQUALLY THE UMPIRES COST AND EXPENSES. (VII) THE MEDIATION PROCESS SHALL BE WITHOUT PREJUDICE AND CONFIDENTIAL AND NO INFORMATION OR DOCUMENTS DISCLOSED DURING IT SHALL BE REVEALED TO THE TRIBUNAL EXCEPT TO THE EXTENT THAT THEY ARE DISCLOSABLE UNDER THE LAW AND PROCEDURE GOVERNING THE ARBITRATION.

(VIII) THE PARTIES AGREE THAT THE OTHER WORK UNDER THE CONTRACT OF AFFREIGHTMENT HAS NOT BEEN COMPLETED AT THE TIME OF REFERENCE OF THE DISPUTE TO ARBITRATION, THE WORK SHALL CONTINUE DURING THE ARBITRATION PROCEEDINGS WITHOUT ANY HINDRANCE.

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ADDITIONAL RIDER CLAUSES TO / MAN INDUSTRIES (INDIA) LTD. CONTRACT OF AFFREIGHTMENT DATED

CLAUSE 32: NOTICES & DECLARATIONS ANY NOTICES, DECLARATIONS AND OTHER DOCUMENTATIONS, WHICH EITHER PARTY, MAY BE REQUIRED TO GIVE OR MAKE TO THE OTHER PARTY SHALL UNLESS OTHER WISE SPECIFICALLY PROVIDED HEREIN, BE SUFFICIENTLY GIVEN OR MADE IF DELIVERED BY COURIER OR SENT BY TELEGRAM OR BY FACSIMILE TRANSMISSION TO THE OTHER PARTY.

CLAUSE 33: STATUTORY CLAUSE IF THE PROVISIONS OF THE PRINTED CLAUSES CONFLICTS WITH THE RIDER CLAUSES, THE RIDER CLAUSES TO APPLY. CHARTER PARTY TERMS SHALL ALWAYS SUPERRIDE BILL OF LADING TERMS, WHENEVER CONTRADICTORY TYPE WRITTEN CLAUSES OR AMENDMENTS SHALL PRINCIPALLY OVER RULE THE PRINTED TEXT OF GENCON CHARTER PARTY.

CLAUSE 34: ANNEXURES CHARTERERS QUESTIONNAIRE, BILL OF LADING DRAFT AS PER L/C REQUIREMENT, GENERAL REQUIREMENTS FOR SHIPMENTS, AS ENCLOSED SHALL FORM INTEGRAL PART OF THIS CHARTER PARTY / CONTRACT OF AFFREIGHTMENT CLAUSE 35: REIMBURSEMENT OWNERS WILL REIMBURSE ACTUAL COST TO CHARTERER(S) UPTO TWO PERSONS SUPERVISING CARGO LOADING OPERATION AT RAS AL KHAIMAH PORT,UAE AND DISCHARGING OPERATIONS AT CHITTAGONG PORT. SUCH COST WILL INCLUDE AIRFARE, HOTEL AND LOCAL TRANSPORT PER VOYAGE UPTO A MAXIMUM OF US $ 5000 PER VOYAGE

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Signature (Owners)

Signature (Charterers)

MAN INDUSTRIES (INDIA) LTD.

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