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RIDER CLAUSES TO THE M.V.

“BBC JUPITER” / IBC


CHARTER PARTY DATED 12TH SEPTEMBER 2023

Clause 46. Oil Pollution


Charterers shall be under no responsibility for all oil or other pollution damage (including loss of
time) and Owners shall indemnify Charterers harmless against all consequences (including fines if any
imposed on Charterers) of oil or other pollution damage.

Clause 47. Panama / Suez Canal Transit


Vessel is fully fitted for Panama / Suez Canal transit and is in possession of necessary certificates(s)
on board, in conformity with current Canal regulations / requirements, however, Suez Canal Projector
Light rental to be arranged by Charterers for their cost.

Clause 48. Blacklist


Owners warrant to the best of their knowledge that this Vessel under its present Ownership has never
called at an Israeli port and will not call at any such port prior to or during the currency of this
Charter. Owners also warrant to the best of their knowledge that this Vessel is not blacklisted by any
Arab countries.

Clause 49. Quarantine


Normal quarantine time and expenses to enter the port to be for Charterers' account, but any time of
detention and expenses for quarantine due to pestilence, illness, etc., of Master, Officers and crew to
be for Owners’ account, unless caused by ports called or cargoes carried under this Charter Party.

Clause 50. Vaccination


Owners to arrange at their expenses that Master, Officers and crew of Vessel hold valid vaccination
certificates against yellow fever, cholera or other necessary health certificates during the Charter.

Clause 51. Opening / Closing of Hatches


Providing weather and shore regulation shall permit and subject to the safety of crew, rule of local
union, if appropriate, before and upon arrival at port, Vessel's Officers / crew to shape up Vessel's
hatches, cranes and gangway in order to commence loading and/or discharging. Opening / closing of
all hatch covers shall be done by Officers / crew free of expenses, provided shore regulations permit.
Owners agree to allow crew to assist with hold cleaning simultaneous with discharge, provided port
regulations allow same. Charterers shall pay hold cleanings in accordance with Clause 36. Above
works performed by crew to be done under consideration of MLC / crew resting hours and any and all
local and legal regulations.

Clause 52. Owners’ Agents


Charterers to agree Owners to use Charterers' Agents for attending matters such as crew mail / cash
advance / freshwater supply for crew members / crew medical care etc., for which Owners to pay
actual expenses against supporting vouchers.

Clause 53. Disbursement Deductions


Charterers will not deduct any amounts and will not cover any on Owners’ behalf.

Clause 54. Detention of Vessel


Should Vessel be seized or detained or arrested or delayed by any authority during the currency of this
Charter Party, all time lost by this reason shall be treated as off-hire until the time of her release
unless such seizure or detention or arrest or delay is occasioned by any act or omission or default of
Charterers or their Agents. Any extra expense incurred by and/or during above seizure or detention or
arrest or delay to be for Owners' account, unless caused by Charterers as above, in which case such
expenses to be for Charterers' account.

Clause 55. War Risk Insurance


Charterers may trade the Vessel where war risk additional insurance premium is incurred subject to
prior consent of the Owners which not to be unreasonably withheld. Charterers paying additional war

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RIDER CLAUSES TO THE M.V. “BBC JUPITER” / IBC
CHARTER PARTY DATED 12TH SEPTEMBER 2023

risk insurances on the Vessel including normal and customary Kidnap and Ransom / blocking and
trapping insurance and crew war bonus as supported by Owners vouchers.

Clause 56. P&I Club


Owners guarantee Vessel is fully covered by a first class P&I Club which is a member of International
Group of P&I Clubs.

Clause 57. Deck Cargo - to be deleted

Clause 58. Fitting of Grabs


The Charterers have option to fit grabs on board the Vessel at their time and expense. Charterers to be
aware that Vessel is not equipped with a separate winch to open / close grabs (remote controlled grabs
only). The fitting of the grabs is to be at Charterers’ expense / risk and stowage to be in accordance
with class / Owners’ approval. Owners shall not be responsible for any losses or damage caused to the
grabs placed on board the Vessel by the Charterers, and all grab fittings to be removed by the
Charterers prior to redelivery.

In case of grabs loading / discharging the Charterers will endeavour to employ shore gang wherever
available to operate the Vessel's cranes and grabs. Should it, however, not be possible to employ shore
people, crew to operate as many cranes and grabs as possible with crew available for the purpose
subject to local authority and regulations thereof permit. Owners shall not be responsible for any
losses or damages caused by Charterers employing crews for operating cranes / grabs. The Charterers
will endeavour to have an experienced superintendent on each of these occasions.

If the rule of the port, or labour union prevent the crew from driving cranes / grabs, shore crane men /
grabs operators to be provided by the Charterers for their account.

Charterers are liable to the expenses and responsibility for the damages to the Vessel, cargo and any
third parties for the loading / discharging operation at all time, ordinary wear and tear excepted.

Owners are not to be responsible for efficiency of cargo work or any losses or damages caused by
Charterers employing crew for operating cranes / grabs.

Charterers shall pay compensation to the crews through the Captain for such work at mutually agreed
rate between Charterers and Master in accordance with cargo nature and loading / discharging port
facility / condition for loading or discharging.

Clause 59. Grab Maintenance


Grab and its accessories fitted on board to remain Charterers' property. The Owners undertake to
maintain the grabs and its accessories as per instruction manual. Owners to forward detailed report
every 3 months as to condition of grabs and maintenance performed since last report.
Charterers to pay USD 400.00 per months directly to the Vessel for the above-mentioned works.

Charterers undertake to pay all expenses in respect of repair and maintenance of the grabs and Owners
not to be responsible for any breakdown.

Clause 60. Power Clauses


The Vessel to supply free of expense to Charterers 440-volt 3 phase 60 cycles and 60 kva per crane
from the power supply panel in each crane house. Charterers have the right to fit / connect magnets,
grabs or other loading / discharging equipment customary to the trade onto Vessel's cranes and/or
power supply, but always within the manufacturers design capacity of the cranes.

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RIDER CLAUSES TO THE M.V. “BBC JUPITER” / IBC
CHARTER PARTY DATED 12TH SEPTEMBER 2023

Clause 61. Grab Discharge / Pad-loaders / Bulldozers Compass Recalibration


Owners guarantee that the tank top of the holds are free of obstructions and suitable for grab
discharge.

Owners to allow the use of payloaders / bulldozers with rubber tires in loading and discharging in
accordance with subject to Vessel's tank top strengths etc., and Master's approval, but any damage
caused by the use of this equipment to be for Charterers’ account and such damage to be repaired up
to Class standard by Charterers in their time and at their expense. Owners to allow steel tires for
discharge in Japanese ports, however any damages caused to be paid by Charterers and repairs to be
done at their time.

Clause 62. I.T.F.


Owners warrant that Vessel's crew is and always will be employed under terms / conditions
acceptable to or equal to I.T.F. or its affiliates. Any direct costs or loss of time due to Owners’ failure
to comply with above to be for Owners' account.

Clause 63. I.W.L. / I.N.L.


Subject to Owners' prior agreement and with good advance notice, Charterers may break I.W.L. /
I.N.L. with Charterers' paying extra insurance incurred as per the Owners' underwriters’ debit note.

Clause 64. Compass Recalibration


In the event of the Vessel's compass having to be recalibrated due to the use of electromagnets for
loading or discharging, then same to be for Charterers' time and expenses.

Clause 65. Grain Fitted


Vessel is grain fitted in accordance with SOLAS and latest amendments without requiring bagging /
strapping / securing when loaded with a full cargo bulk grain.

Vessel is approved for grain loading with untrimmed ends subject to the Vessel's stability
characteristics.

Clause 66. Cleaning Equipment


See inventory list as attached to Charter Party.

For general cleaning tools and materials for cargo holds cleaning to be arranged by Charterers at
Charterers' time and account.

Clause 67. Bill of Lading


In case of non-production of Bill(s) of Lading at discharge port(s), Owners are to allow discharge /
release of cargo against Charterers indemnifying Owners against all consequences arising from
Owners conforming to Charterers request in releasing cargo without original Bill(s) of Lading.

Charterers to issue single Letter of Indemnity to Owners in accordance with Owners’ P&I Club
wording (see attached pro forma) and signed by Charterers only before arrival of discharge port.

No through or liner Bills of Lading to be issued under this Charter Party.

When and if required Charterers may place one original Bill of Lading on board, against which Bill of
Lading delivery of cargo to take place on instructions received from Shippers / Charterer, and all
original Bills of Lading to be marked accordingly.

Clause 68. Cargo Exclusions with further reference to Clause 4


Charterers are allowed to carry maximum (5) dirty cargoes per annum out of salt, sulphur, scrap,
cement and cement clinker.

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RIDER CLAUSES TO THE M.V. “BBC JUPITER” / IBC
CHARTER PARTY DATED 12TH SEPTEMBER 2023

Cement and Cement Clinker


Charterers are permitted to carry three (3) shipments of cement / cement clinker per annum,
Charterers are to supply tools and relevant equipment for cleaning and to crew to assist washing down
and clean the Vessel’s holds upon completion of discharging at Charterers’ time, risk and expense.
Charterers to pay USD 400.00 per hold to crew in addition to the payment stipulated in intermediate
hold cleaning Clause.

Salt / Sulphur
Charterers may carry maximum two (2) cargoes per annum of salt and/or sulphur under the following
conditions:
a) The Charterers to instruct the crew to limewash / apply hold block to the Vessel's holds prior
to loading and to thoroughly clean the holds with fresh Water after discharge to the
satisfaction of the Master. Charterers to arrange and pay for lime and all necessary equipment
including fresh water, paint, brushes, ladders etc., and pay USD 400.00 per hold to crew in
addition to the payment stipulated in intermediate hold cleaning Clause. All time and expense
to be for the Charterer’s account. Should local shore regulations not permit limewashing by
crew, shore labour to be for Charterers’ account.

If crews assist to carry out lime-removal, Owners are not to be responsible for passing hold
survey for loading of next cargo during the entire period due to residue of lime, provided that
crew' s work to be done in the same efficient manner as if the Vessel was trading for Owners'
account.

b) If necessary, after completion of discharge, Vessel's holds to be touched up with paint at


Charterers’ time and expense to Master’s satisfaction and under his direction.

Charterers are only allowed to load bulk formed sulphur which is given exempt status from
IMO Class 4.1 (hereafter called bulk formed sulphur). In case bulk formed sulphur is loaded,
same to be loaded and carried in accordance with appropriate local regulations and IMO
recommendation. Charterers, prior to leading, to provide the Master or the Owner with a
certificate from a person recognized by the competent authority of the country of shipment
stating that the cargo is given exempt status from IMO Class 4.1.

Scrap
Charterers may carry maximum two (2) cargoes per annum of scrap, always provided same is non-
oily and excludes motor blocks and turnings (shredded scrap including HMS 1 & 2 and bonus scrap,
plate and structural scrap, and busheling is allowed) under the following conditions:

When carrying scrap, the first layers of scrap in each hold only to be released after touching onto
Vessels’ tank tops and next layer of scrap in each hold to be released as close as to the first layer of
scrap reaching up to 1 (one) meter so as to provide a cushion flooring for balance of cargo under
Master's supervision and to his satisfaction. For balance of cargo Charterers shall always pay attention
to make cargo soft landing.

Owners have option to, at Charterer’s time and expense, arrange holds condition survey before
loading and after discharging to ascertain damages to the holds, ordinary wear and tear expected. If
any damage to the holds which was examined by the above survey prior to or on / after completion of
the concerned voyage and Owners approve postponement for repair of such damage up to the next
Class’ periodical drydock, then the Charterers have option to repair the same to Owners’ satisfaction
for the Charterers' account or to make monetary settlement based on a quotation issued by a reputable
local shipyard which to be mutually agreed between the Owners and the Charterers. If Vessel's Class
requires repair of such damages which was examined by the above survey, then the Charterers shall
repair the same to her Class’ satisfaction at the convenience port with all costs / time for the
Charterers’ account.

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RIDER CLAUSES TO THE M.V. “BBC JUPITER” / IBC
CHARTER PARTY DATED 12TH SEPTEMBER 2023

Charterers’ option to use bulldozers with steel tires on top of scrap cargo for compressing purposes. It
is understood that bulldozers with steel tires are not allowed directly on top of tank top.

Petcoke
Charterers may carry maximum four (4) cargoes per annum of petcoke on the following conditions:
a) Petroleum coke mentioned herein only limited to the type of non-hazardous / non-dangerous
green delayed type and/or calcined type.

b) Such cargo to be loaded / stowed / trimmed / discharged strictly according to latest IMO
and/or any other latest regulations / rules applicable to such cargo.

c) Any additional / special washdown of holds before loading as required by Owners shall be
arranged by Charterers at their time and expenses.

d) After discharge Charterers to arrange at their expense / time any additional / special materials
(including chemical) required to carry out such hold treatment as the Master considers it
necessary.

e) Any extra expenses resulting therefrom / incurred thereby (such as hold cleaning to Master's
satisfaction / holds surveys etc.,) and/or any detention through any of the above causes are for
Charterers' account.

Concentrates
For loading concentrates, the stowage to be within Vessel's strength. All necessary separation if
required to be properly erected up to surveyor’s and Master's satisfaction at Charterers' expense and
time and cargo to be loaded, stowed, separated, trimmed and discharged etc., according to latest IMO
and other authorities' regulations. At Master's request Charterers to allow Owners to appoint P&I
surveyor or independent surveyor to supervise loading, stowing, execution of separation etc., to
surveyor’s agreement and Master's satisfaction at Charterers' time and expenses. Charterers / Shippers
prior to loading, or upon request from Owners / Master, to provide certificates stating moisture
content be less than the Transportable Moisture Limit (TML) with sampling date within 7 days prior
to loading commencement of the cargo.

In order for the Charterers to maintain a proper trading of the Vessel, should it be required by the
Charterers to get permission to carry additional dirty cargoes, Charterers might reasonably require
permission to carry same, Owners to carefully consider same and approval of carrying the cargo not to
be unreasonably withheld.

BIMCO Solid Bulk Cargoes that Can Liquefy Clause for Charter Parties 2012
(a) The Charterers shall ensure that all solid bulk cargoes to be carried under this Charter Party
are presented for carriage and loaded always in compliance with applicable international
regulations, including the International Maritime Solid Bulk Cargoes (IMSBC) Code 2009 (as
may be amended from time to time and including any recommendations approved and agreed
by the IMO).

(b) If the cargo is a solid bulk cargo that may liquefy, the Charterers shall prior to the
Commencement of loading provide the Ship's Master, or his representative with all
information and documentation in accordance with the IMSBC Code, including but not
limited to a certificate of the Transportable Moisture Limit (TML), and a certificate or
declaration of the moisture content, both signed by the Shipper.

(c) The Owners shall have the right to take samples of cargo prior to loading and, at Charterers'
request, samples to be taken jointly, testing of such cargo samples shall be conducted jointly
between Charterers and Owners by an independent laboratory that is to be nominated by
Owners. Sampling and testing shall be at the Charterer’s risk, cost, expense and time. The

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RIDER CLAUSES TO THE M.V. “BBC JUPITER” / IBC
CHARTER PARTY DATED 12TH SEPTEMBER 2023

Master or Owners’ representative shall at all times be permitted unrestricted and unimpeded
access to cargo for sampling and testing purposes.

If the Master, in his sole discretion using reasonable judgement, considers there is a risk
arising out of or in connection with the cargo (including but not limited to the risk of
liquefaction) which could jeopardise the safety of the crew, the Vessel or the cargo on the
voyage, he shall have the right to refuse to accept the cargo or, if already loaded, refuse to sail
from the loading port or place. The Master shall have the right to require the Charterers to
make safe the cargo prior to loading or, if already loaded, to offload the cargo and replace it
with a cargo acceptable to the Master, all at the Charterers' risk, cost, expense and time. The
exercise by the Master of the aforesaid rights shall not be a breach of this Charter Party.

(d) Notwithstanding anything else contained in this Charter Party, all loss, damage, delay,
expenses, costs and liabilities whatsoever arising out of or related to complying with, or
resulting from failure to comply with, such regulations or with Charterers’ obligations
hereunder shall be for the Charterers' account. The Charterers shall indemnify the Owners
against any and all claims whatsoever against the Owners arising out of the Owners
complying with the Charterers’ instructions to load the agreed cargo.

(e) This Clause shall be without prejudice to the Charterers’ obligations under this Charter Party
to provide a safe cargo. In relation to leading, anything done or not done by the Master or the
Owners in compliance with this Clause shall not amount to a waiver of any rights of the
Owners.

Log to be allowed in holds only.

Clause 69. Loading of Steel


Steel cargoes to be sufficiently dunnaged / lashed / secured and unlashed / unsecured at the Charterers'
risk, expense and time by stevedores under the supervision of the Master and up to his satisfaction.

The Owners may appoint an independent surveyor to perform a pre-loading survey of the cargo; cost
to be shared equally by Owners and Charterers.

Clause 70. Trading Exclusions / Inclusions with further reference to Clause 5


Vessel shall not be ordered to trade directly between Peoples’ Republic of China and Taiwan.

The Vessel is not allowed at any time to trade to ports / areas which are prohibited from trading and/or
sanctioned by the United Nations and/or international organization of the U.N. and/or the authorities
of the country under which flag the Vessel is flying.

If the situation in any of the excluded countries becomes normalized during the period of this Charter.
the exclusions is to be reviewed by Owners / Charterers and its approval to be undertaken by Owners'
Underwriters of hull and machinery and any revision not to be unreasonably withheld.

Equally should the political situation in the countries currently allowed to trade in this Charter Party
deteriorate to the extent that Owners might reasonably require to exclude same from trading limits,
Owners to advise Charterers, who agree to carefully consider same and not unreasonably withhold
approval to cease trading.

Clause 71. Weather Routing Clause


The Charterers may supply a recognized international independent weather bureau to advise the
Master during voyages specified by the Charterers. The Master shall comply with the reporting
procedures of the weather bureau, however, the Master remains responsible for the safe navigation
and choice of route.

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RIDER CLAUSES TO THE M.V. “BBC JUPITER” / IBC
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Evidence of weather conditions shall be taken from the Vessel's deck logs and the independent
weather bureau reports. If no agreement can be reached, then another independent weather bureau to
be used and be taken as final decision.

Clause 72. Double Banking Clause


a) The Charterers shall have the right, where and when it is customary and safe for Vessels of
similar size and type to do so, to order the Vessel to go, lie or remain alongside another
Vessel or Vessels of any size or description whatsoever or to order such Vessels to come and
remain alongside and such safe deck, wharf, anchorage or other place for trans-shipment,
loading or discharging of cargo and/or bunkering.

b) The Charterers shall pay for and provide such assistance and equipment as may be required to
enable any of the operations mentioned in this Clause safely to be completed and shall give
the Owners such advance notice as they reasonably can of the details of any such operation.

c) Without prejudice to the generality of the Charterers' rights under (a) and (b) it is expressly
agreed that the Master shall have the fight to refuse to allow the Vessel to perform as provided
in (a) and (b) if in his reasonable opinion it is not safe so to do. The Master has the right at
any time to order the other Vessel away from his Vessel or instruct his own Vessel to sail if
he considers it unsafe for Vessel to remain double banked.

d) The Owners shall be entitled to insure any deductible under the Vessel's hull policy and the
Charterers shall reimburse the Owners any additional premium(s) required by the Vessel's
Underwriters and/or the cost of insuring any deductible under the Vessel's hull policy.

e) The Charterers shall further indemnify the Owners for any costs, damage and liabilities
resulting from such operation. The Vessel shall remain on hire for any time lost including
period for repairs as a result of such operation.

Clause 73. Additional Fittings


Charterers to have the option of welding pad-eyes and angles, only at the places approved by the
Master. Such works always to be carried out at Charterers’ time, account and risk subject to Owners’
prior approval and class society surveyors' approval, if necessary.

Pad-eyes and angles to be removed at Charterers' expense and in Charterers' time, including but not
limited to making good all burn area of paints, under the Master’s supervision before redelivery if
required by Owners.

Crew to help out with the work paying USD 10.00 per pad-eye removal, paint.

Clause 74. Charter Hire Rate


Charterers to pay hire at the rate of USD 13,750.00 (Thirteen Thousand Seven Hundred and Fifty
United States Dollars) daily including overtime, payable 15 days in advance.

Hire is payable every 15 days in advance including overtime into Owner’s designated account in
USD-currency on the due date.

No bunkers will be paid for on delivery but instead will pay 20 days first hire, Charterers will bunker
the Vessel for the voyage at Gibraltar / Algeciras / Ceuta and redelivery with about same quantities as
on board on delivery provided Vessel having sufficient capacity for Charterers bunker supply after
loading. Reverting.

Lauritzen bank details:


Danske Bank,
Holmens Kanal 2-12,

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RIDER CLAUSES TO THE M.V. “BBC JUPITER” / IBC
CHARTER PARTY DATED 12TH SEPTEMBER 2023

Copenhagen, Denmark.
SWIFT Code: DABADKKK
USD IBAN Account #: DK9230003001881485
Beneficiary: Lauritzen Bulkers A/S

Please reference invoice number and/or Vessel name.

Should Charterers be requested to pay to a bank account other than one of the above same must be
confirmed in writing and by phone with Lauritzen Bulkers Chartering or operations department. Such
written and oral confirmation shall include bank name, swift code, account number / Iban, beneficiary
name and the written confirmation shall be on company letterhead and with signature / chop / stamp
and an amendment to the Charter Party shall be executed accordingly before payment can be made
with releasing effect.

Clause 75
Charterer to provide the Vessel with bunkers in accordance with the present ISO Standard 8217: 2005
as mentioned below. Any future revisions of the ISO standard 8217 to supersede the present standard.
Understood if future revision i.e. 2010 standard not available 2005 allowed.

IBF 380 CST - Class RMG 380 or alternatively if only latter is available.
IBF 180 CST- Class RME 180 or alternatively if only latter is available Distillate MDO - Class DMB
maximum 0.1 % sulphur content.
Marine Gasoil - Class DMA maximum 0.1 % sulphur content if DMB is unavailable.

Vessel will follow MARPOL Annex VI with its all-time updated amendment and CARB regulation
(and whichever mandatory related regulation that may be implemented in the future if any).

Before delivery / redelivery, Charterers / Owners are allowed to bunker the Vessel in Owners’ /
Charterers’ time, provided such bunkering does not interfere with Owners' / Charterers’ operation of
the Vessel and always subject to approval of port authority.

Clause 76. Low Sulphur Gas Oil


Master shall have the liberty of using low sulphur gas oil for starting / stopping of main engines and
for maneuvering in narrow / shallow waters, canals, rivers, in and out of port, and for generator engine
in case of low load operation.

Clause 77. Itinerary of Vessel


Charterers shall undertake to keep the Owners informed during Charter period as regards itinerary of
the Vessel and names of Agent at port of call in advance.

Clause 78. Extended Port Stay / Bottom Cleaning


In the event of Charterers’ ordering the Vessel to port where the Vessel’s stay is extended to more
than 25 consecutive days, divers’ bottom inspection may be carried out, if deemed necessary by the
Owners, at Charterers' time and expense to ascertain bottom fouling.

Charterers to clean bottom at their time and expense prior to Vessel's departure from the port, if same
can be done without reasonably delay. If the underwater scrubbing is not available or cannot be
carried out at the port in question same to be carried out in Charterers' time and expense at next
convenient port. Charterers agree no claim for underperformance of the Vessel for the passage from
the port in question until underwater scrubbing is canted out to Master's satisfaction and copies of
supporting videos and photos if produced during under water cleaning shall be made available to
Owners for their examination.

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CHARTER PARTY DATED 12TH SEPTEMBER 2023

Clause 79. Adding Off-Hire Period


Should the Vessel be placed off-hire during the currency of this Charter for any reason, the Charterers
have the option of adding all or part of such off-hire period to the original period. If the Vessel is off-
hire for more than 30 consecutive days, then Charterers have the option to cancel this Charter Party.
Planned dry-docking neither to be counted to the added off-hire days nor to the cancelling off-hire
period of 30 days.

Clause 80. U.S. Customs Advance Notification / AMS Clause for Time Charter Parties
a) If the Vessel loads or carries cargo destined for the U.S. or passing through U.S. ports transit,
the Charterers shall comply with the current U.S. Customs regulations (19 CFR 4.7) or any
subsequent amendments thereto and shall undertake the role of Carrier for the purposes of
such regulations and shall, in their own name, time and expense:

i) Have in place a SCAC (Standard Carrier Alpha Code);

ii) Have in place an ICB (International Carrier Bonds);

iii) Provide the Owners with a timely confirmation of i) and ii) above; and

iv) Submit a cargo declaration by AMS (Automated Manifest System) to the U.S.
Customs and provide the Owners at the same time with a copy thereof.

(b) The Charterers assume liability for and shall indemnify, defend and hold harmless the Owners
against any loss and/or damage whatsoever (including consequential loss and/or damage)
and/or any expenses, fines, penalties and all other claims of whatsoever nature, including but
not limited to legal costs, arising from the Charterers’ failure to comply with any of the
provisions of sub-Clause (a). Should such failure result in any delay then, notwithstanding
any provision in this Charter Party to the contrary, the Vessel shall remain on hire.

(c) If the Charterers' ICB is used to meet any penalties, duties, taxes or other charges which are
solely the responsibility of the Owners, the Owners shall promptly reimburse the Charterers
for those amounts.

(d) The assumption of the role of Carrier by the Charterers pursuant to this Clause and for the
purpose of the U.S. Customs Regulations (19 CFR 4.7) shall be without prejudice to the
identity of Carrier under any Bill of Lading, other contract, law or regulation.

Clause 81. ISPS/MTSA Clause for Time Charter Parties 2005


(a)
(i) The Owners shall comply with the requirements of the International Code for the
Security of Ships and of Port Facilities and the relevant amendments to Chapter XI of
SOLAS (ISPS Code) relating to the Vessel and “the Company” (as defined by the
ISPS Code). If trading to or from the United States or passing through United States
waters, the Owners shall also comply with the requirements of the U.S. Maritime
Transportation Security Act 2002 (MTSA) relating to the Vessel and the “Owner” (as
defined by the MTSA).

(ii) Upon request the Owners shall provide the Charterers with a copy of the relevant
International Ship Security Certificate (or the Interim International Ship Security
Certificate) and the full style contact details of the Company Security Officer (CSO).

(iii) Loss, damages, expense or delay (excluding consequential loss, damages, expense or
delay) caused by failure on the part of the Owners or “the Company” / “Owner” to
comply with the requirements of the ISPS Code/MTSA or this Clause shall be for the
Owners’ account, except as otherwise provided in this Charter Party.

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(b)
(i) The Charterers shall provide the Owners and the Master with their full style contact
details and, upon request, any other information the Owners require to comply with
the ISPS Code/MTSA. Where sub-letting is permitted under the terms of this Charter
Party, the Charterers shall ensure that the contact details of all sub-Charterers are
likewise provided to the Owners and the Master. Furthermore, the Charterers shall
ensure that all sub-Charter Parties they enter into during the period of this Charter
Party contain the following provision:

“The Charterers shall provide the Owners with their full style contact details and,
where sub-letting is permitted under the terms of the Charter Party, shall ensure that
the contact details of all sub-Charterers are likewise provided to the Owners”.

(ii) Loss, damages, expense or delay (excluding consequential loss, damages, expense or
delay) caused by failure on the part of the Charterers to comply with this Clause shall
be for the Charterers’ account, except as otherwise provided in this Charter Party.

(c) Notwithstanding anything else contained in this Charter Party all delay, costs or expenses
whatsoever arising out of or related to security regulations or measures required by the port
facility or any relevant authority in accordance with the ISPS Code/MTSA including, but not
limited to, security guards, launch services, Vessel escorts, security fees or taxes and
inspections, shall be for the Charterers’ account, unless such costs or expenses result solely
from the negligence of the Owners, Master or crew. All measures required by the Owners to
comply with the Ship Security Plan shall be for the Owners’ account.

(d) If either party makes any payment which is for the other Party’s account according to this
Clause, the other party shall indemnify the paying party.

Clause 82. War Risks Clause for Time Chartering 2013 (CONWARTlME 2013)
(a) For the purpose of this Clause, the words:

(i) “Owners” shall include the ship-Owners, bareboat Charterers, disponent Owners,
managers or other operators who are charged with the management of the Vessel, and
the Master; and

(ii) “War Risks” shall include any actual, threatened or reported:


war, act of war, civil war or hostilities; revolution; rebellion; civil commotion;
warlike operations; laying of mines; acts of piracy and/or violent robbery and/or
capture / seizure (hereinafter “Piracy”); acts of terrorists; acts of hostility or malicious
damage; blockades (whether imposed against all Vessels or imposed selectively
against Vessels of certain flags or Ownership, or against certain cargoes or crews or
otherwise howsoever), by any person, body, terrorist or political group, or the
government of any state or territory whether recognised or not, which, in the
reasonable judgement of the Master and/or the Owners, may be dangerous or may
become dangerous to the Vessel, cargo, crew or other persons on board the Vessel.

(b) The Vessel shall not be obliged to proceed or required to continue to or through, any port,
place, area or zone, or any waterway or canal (hereinafter “Area”), where it appears that the
Vessel, cargo, crew or other persons on board the Vessel, in the reasonable judgement of the
Master and/or the Owners, may be exposed to War Risks whether such risk existed at the time
of entering into this Charter Party or occurred thereafter. Should the Vessel be within any
such place as aforesaid, which only becomes dangerous, or may become dangerous, after
entry into it, the Vessel shall be at liberty to leave it.

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(c) The Vessel shall not be required to load contraband cargo, or to pass through any blockade as
set out in sub-Clause (a), or to proceed to an Area where it may be subject to search and/or
confiscation by a belligerent.

(d) If the Vessel proceeds to or through an Area exposed to War Risks, the Charterers shall
reimburse to the Owners any additional premiums required by the Owners' insurers and the
costs of any additional insurances that the Owners reasonably require in connection with War
Risks.

(e) All payments arising under sub-Clause (d) shall be settled within fifteen (15) days of receipt
of Owners’ supported invoices or on redelivery, whichever occurs first.

(f) If the Owners become liable under the terms of employment to pay to the crew any bonus or
additional wages in respect of sailing into an Area which is dangerous in the manner defined
by the said terms, then the actual bonus or additional wages paid shall be reimbursed to the
Owners by the Charterers at the same time as the next payment of hire is due, or upon
redelivery, whichever occurs first.

(g) The Vessel shall have liberty:

(i) to comply with all orders, directions, recommendations or advice as to departure,


arrival, routes, sailing in convoy, ports of call, stoppages, destinations, discharge of
cargo, delivery, or in any other way whatsoever, which are given by the government
of the nation under whose flag the Vessel sails, or other government to whose laws
the Owners are subject, or any other government of any state or territory whether
recognised or not, body or group whatsoever acting with the power to compel
compliance with their orders or directions;

(ii) to comply with the requirements of the Owners’ insurers under the terms of the
Vessel’s insurance(s);

(iii) to comply with the terms of any resolution of the Security Council of the United
Nations, the effective orders of any other Supranational body which has the right to
issue and give the same, and with national laws aimed at enforcing the same to which
the Owners are subject, and to obey the orders and directions of those who are
charged with their enforcement;

(iv) to discharge at any alternative port any cargo or part thereof which may expose the
Vessel to being held liable as a contraband Carrier;

(v) to call at any alternative port to change the crew or any part thereof or other persons
on board the Vessel when there is reason to believe that they may be subject to
internment, imprisonment, detention or similar measures.

(h) If in accordance with their rights under the foregoing provisions of this Clause, the Owners
shall refuse to proceed to the loading or discharging ports, or any one or more of them, they
shall immediately inform the Charterers. No cargo shall be discharged at any alternative port
without first giving the Charterers notice of the Owners’ intention to do so and requesting
them to nominate a safe port for such discharge. Failing such nomination by the Charterers
within 48 hours of the receipt of such notice and request, the Owners may discharge the cargo
at any safe port of their own choice. All costs, risk and expenses for the alternative discharge
shall be for the Charterers’ account.

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(i) The Charterers shall indemnify the Owners for claims arising out of the Vessel proceeding in
accordance with any of the provisions of sub-Clauses (b) to (h) which are made under any
Bills of Lading, waybills or other documents evidencing contracts of carriage.

(j) When acting in accordance with any of the provisions of sub-Clauses (b) to (h) of this Clause
anything is done or not done, such shall not be deemed a deviation, but shall be considered as
due fulfilment of this Charter Party.

Clause 83
Deleted.

Clause 84. Piracy Clause for Time Charter Party 2009


Vessel is allowed to trade via Suez Canal / Gulf of Aden, however any security measurements like
armed guards / EWRI and any further security precautions in accordance with BMP 5 or latest
amendment etc., to be for Charterers’ account.

(a) The Vessel shall not be obliged to proceed or required to continue to or through, any port,
place, area or zone, or any waterway or canal (hereinafter “Area”) which, in the reasonable
judgement of the Master and/or the Owners, is dangerous to the Vessel, her cargo, crew or
other persons on board the Vessel due to any actual, threatened or reported acts of piracy
and/or violent robbery and/or capture / seizure (hereinafter “Piracy”), whether such risk
existed at the time of entering into this Charter Party or occurred thereafter. Should the Vessel
be within any such place as aforesaid which only becomes dangerous, or is likely to be or to
become dangerous, after her entry into it, she shall be at liberty to leave it.

(b) If in accordance with sub-Clause (a) the Owners decide that the Vessel shall not proceed or
continue to or through the Area they must immediately inform the Charterers. The Charterers
shall be obliged to issue alternative voyage orders and shall indemnify the Owners for any
claims from holders of the Bills of Lading caused by waiting for such orders and/or the
performance of an alternative voyage. Any time lost as a result of complying with such orders
shall not be considered off-hire.

(c) If the Owners consent or if the Vessel proceeds to or through an Area exposed to the risk of
Piracy the Owners shall have the liberty:

(i) to take reasonable preventative measures to protect the Vessel, her crew and cargo
including but not limited to re-routeing within the Area, proceeding in convoy, using
escorts, avoiding day or night navigation, adjusting speed or course, or engaging
security personnel or equipment on or about the Vessel;

(ii) to comply with the orders, directions or recommendations of any underwriters who
have the authority to give the same under the terms of the insurance;

(iii) to comply with all orders, directions, recommendations or advice given by the
Government of the Nation under whose flag the Vessel sails, or other Government to
whose laws the Owners are subject, or any other Government, body or group,
including military authorities, whatsoever acting with the power to compel
compliance with their orders or directions; and

(iv) to comply with the terms of any resolution of the Security Council of the United
Nations, the effective orders of any other Supranational body which has the right to
issue and give the same, and with national laws aimed at enforcing the same to which
the Owners are subject, and to obey the orders and directions of those who are
charged with their enforcement;

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and the Charterers shall indemnify the Owners for any claims from holders of Bills of
Lading or third parties caused by the Vessel proceeding as aforesaid, save to the
extent that such claims are covered by additional insurance as provided in sub-Clause
(d)(iii).
(d) Costs

(i) If the Vessel proceeds to or through an Area where due to risk of Piracy additional
costs will be incurred including but not limited to additional personnel and
preventative measures to avoid Piracy, such reasonable costs shall be for the
Charterers’ account.

Any time lost waiting for convoys, following recommended routeing, timing, or
reducing speed or taking measures to minimise risk, shall be for the Charterers’
account and the Vessel shall remain on hire;

(ii) If the Owners become liable under the terms of employment to pay to the crew any
bonus or additional wages in respect of sailing into an area which is dangerous in the
manner defined by the said terms, then the actual bonus or additional wages paid shall
be reimbursed to the Owners by the Charterers;

(iii) If the underwriters of the Owners’ insurances require additional premiums or


additional insurance cover is necessary because the Vessel proceeds to or through an
Area exposed to risk of Piracy, then such additional insurance costs shall be
reimbursed by the Charterers to the Owners;

(iv) All payments arising under sub-Clause (d) shall be settled within fifteen (15) days of
receipt of Owners’ supported invoices or on redelivery, whichever occurs first.

(e) If the Vessel is attacked by pirates any time lost shall be for the account of the Charterers and
the Vessel shall remain on hire.

(f) If the Vessel is seized by pirates the Owners shall keep the Charterers closely informed of the
efforts made to have the Vessel released. The Vessel shall remain on hire throughout the
seizure and the Charterers’ obligations shall remain unaffected, except that hire payments
shall cease as of the ninety-first (91st) day after the seizure and shall resume once the Vessel
is released. The Charterers shall not be liable for late redelivery under this Charter Party
resulting from seizure of the Vessel by pirates.

(g) If in compliance with this Clause anything is done or not done, such shall not be deemed a
deviation, but shall be considered as due fulfilment of this Charter Party. In the event of a
conflict between the provisions of this Clause and any implied or express provision of the
Charter Party, this Clause shall prevail to the extent of such conflict, but no further.

(h) K&R (Kidnap and Ransom) insurance policy should always be purchased by Charterers and
presented to Owners for Charterers' account if Owners allowed for trading to aforementioned
areas.

Clause 85. BIMCO E.U. Advance Cargo Declaration Clause for Time Charter Parties 2010
(a) If the Vessel loads cargo in any E.U. port or place destined for a port or place outside the E.U.
(“Exported”) or loads cargo outside the E.U. destined for an E.U. port or place or passing
through E.U. ports or places in transit (“Imported"), the Charterers shall, for the purposes of
this Clause, comply with the requirements of the E.U. Advance Cargo Declaration
Regulations (the Security Amendment to the Community Customs Code, Regulations
648/2005; 1875/2006; and 312/2009) or any subsequent amendments thereto and shall, in
their own name, and in their time and at their expense:

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(i) Have in place an EORI number (Economic Operator Registration and Identification);

(ii) Provide the Owners with a timely confirmation of (i) above as appropriate; and

(iii) Where the cargo is being:

1. Exported: Submit, or arrange for the submission of, a customs declaration for export
or, if a customs declaration or a re-export notification is not required, an exit
summary declaration; or

2. Imported: Submit, or arrange for the submission of, an entry summary declaration.

Unless otherwise permitted by the relevant customs authorities, such declarations


shall be submitted to them electronically.

(b) The Charterers assume liability for and shall indemnify, defend and hold harmless the Owners
against any loss and/or damage and/or any expenses, fines, penalties and all other claims of
whatsoever nature, including but not limited to legal costs, arising from the Charterers’ failure
to comply with any of the provisions of sub-Clause (a). Should such failure result in any delay
then, notwithstanding any provision in this Charter Party to the contrary, the Vessel shall
remain on hire.

(c) The assumption of the role of Carrier by the Charterers pursuant to this Clause and for the
purpose of the E.U. Advance Cargo Declaration Regulations shall be without prejudice to the
identity of Carrier under any Bill of Lading, other contract, law or regulation.

Clause 86. BIMCO U.S. Security Clause


If the Vessel calls in the United States. including any U.S. territory, the following provisions shall
apply with respect to any applicable security regulations or measures:
Notwithstanding anything else contained in this Charter Party all costs or expenses arising out of or
related to security regulations or measures required by any U.S. authority including, but not limited
to, security guards, launch services, tug escorts, port security fees or taxes and inspections, shall be for
the Charterers’ account, unless such costs or expenses result solely from the Owners' negligence.

Clause 87. Calling Longview


When Vessel calling Longview, Owners should be exempted from any unreasonable requests of third
parties in respect to loose gear as long as fully class maintained and duly certified as required for
trading West Coast of Canada and West Coast of U.S.A. Charterers to cover 50 percent of such
unreasonable costs if they should occur.

Clause 88. Switch Bill(s) of Lading Clause


If so required, Master / Owners to authorize in writing to the Charterers to switch Bill(s) of Lading at
a mutually agreed place at Owners' representative / Agent office at Charterers’ cost against Charterers'
Letter of Indemnity in Owners’ P&I Club wording. The original Letter of Indemnity and the first
issued full set (first set) Original Bill(s) of Lading to be surrendered to Owners’ head office, if no
local represent is available, in which case a copy of the null and void stamped BL and the AWB will
be provided to Owners by email before issuance and releasing of the new (second set) Bill(s) of
Lading.

The signed Letter of Indemnity and the draft copies of second set Bill(s) of Lading marked “Clean on
Board", "Freight Prepaid" or "Freight to be collected" or "Freight Payable as per Charter Party" and
marked with different Shippers / Receivers / notify party than those in the first set Bill(s) of Lading, to
be pre-approved by Owners which not to be unreasonably withheld. Charterers to indemnify the
Owners against all consequences.

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Clause 89.
With Owners’ prior approval, which not to be unreasonable withheld, Charterers are allowed to load
and or discharge in rain provided Letter of Indemnity for same as per attachment.

Clause 90. Asian Gypsy Moth Clause


When Charterers direct the Vessel to the area infested by Asian Gypsy Moth during high risk period
which designated by U.S.A. / Canadian authorities, Charterers shall at Charterers’ time and expense,
undertake to arrange a certificate issued by an appropriate authority of such area / port certifying that
the Vessel is free from infestation by Asian Gypsy Moth or its eggs and thereby Owners shall not be
held liable for any consequences at the next destined ports.

In case the Vessel has traded at high-risk ports during high risk period for Asian Gypsy Moth in Far
Eastern Russia, Japan, China or South Korea within six months prior redelivery, Charterers shall
arrange the inspection to obtain a quarantine proof certificate at their account.

Clause 91. BIMCO 2020 Fuel Transition Clause for Time Charter Parties
(a) Definitions

For the purpose of this Clause:

“Carriage Ban Date” means 1 March 2020.

“Carriage Ban” means the prohibition of the carriage for use of Non-Compliant Fuel as of the
Carriage Ban Date.

“Compliant Fuel” means any fuel that meets the Sulphur Content Requirements with effect
from the Effective Date.

“Effective Date” means 1 January 2020.

“Non-Compliant Fuel” means any fuel with a sulphur content of more than 0.50%.

"Sulphur Content Requirements" means any sulphur content and related requirements as
stipulated in MARPOL Annex VI (as amended from time to time) and/or by any other
applicable lawful authority.

(b) Requirements

(i) Before the Effective Date, the Charterers shall have supplied the Vessel with fuel so
that on the Effective Date the Vessel shall have sufficient Compliant Fuel to reach the
nearest bunkering port where Compliant Fuel is available.

(ii) No later than the Carriage Ban Date there shall be no Non-Compliant Fuel carried for
use by the Vessel.

Together sub-Clauses (b)(i) and (ii) are the “Requirements”.

Notwithstanding the Carriage Ban, Owners and Charterers shall cooperate and use
reasonable endeavours so that no later than the Effective Date there shall be no Non-
Compliant Fuel carried for use by the Vessel.
(c)
(i) In order to meet the Requirements, the Charterers shall at their risk, time and cost
ensure that any Non-Compliant Fuel remaining on board after the Effective Date shall
be discharged from the Vessel’s bunker tanks until such tanks are free of liquid and

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pumpable fuel latest by the Carriage Ban Date or the redelivery date of the Vessel,
whichever occurs first; and

(ii) in respect of the bunker tanks that are free of liquid and pumpable fuels, Owners shall
at their risk, time and cost ensure that such tanks are fit to receive Compliant Fuel,
taking into account the type of Compliant Fuel that will be loaded into such bunker
tanks.

Compliant Fuel shall not be loaded into a Vessel’s bunker tanks until the steps
described above in sub-Clauses (c)(i) and (c)(ii) have been carried out in respect of
such bunker tanks.

Once bunker tanks are fit in accordance with sub-Clause (c)(ii), no Non-Compliant
Fuel shall be loaded into such bunker tanks.

(d) Disposal of Non-Compliant Fuel - In respect of Non-Compliant Fuel, if any, which needs to
be discharged from the Vessel in accordance with sub-Clause (c)(i), Charterers shall dispose
of such fuel in accordance with any applicable local regulations at Charterers’ risk, time and
cost.

(e) Segregation - Unless otherwise agreed between Owners and Charterers, each supply of
Compliant Fuel shall be bunkered into empty tanks within the Vessel’s natural segregation.

Clause 92. BIMCO 2020 Marine Fuel Sulphur Content Clause for Time Charter Parties
(amended)
(a) For the purpose of this Clause, "Sulphur Content Requirements" means any sulphur content
and related requirements as stipulated in MARPOL Annex VI (as amended from time to time)
and/or by any other applicable lawful authority.

(b) The Charterers shall supply fuels to permit the Vessel, at all times, to comply with any
applicable Sulphur Content Requirements. All such fuels shall meet the specifications and
grades set out in this Charter Party.

The Charterers also warrant that any bunker suppliers, bunker craft operators and bunker
surveyors used by the Charterers in relation to the supply of fuels under a) above, shall
comply with the Sulphur Content Requirements.

The Charterers shall indemnify, protect, defend and hold harmless the Owners from any and
against all losses, damages, liabilities, delays, deviations, claims, fines, costs, expenses,
demands arising out of the Charterers’ failure to comply with this sub-Clause (b), and the
Vessel shall remain on hire throughout.

(c) The Owners warrant that the Vessel shall comply with the Sulphur Content Requirements.

Subject to the Charterers having supplied the Vessel with fuels in accordance with sub-Clause
(b), the Charterers shall not otherwise be liable for any losses, damages, liabilities, delays,
deviations, claims, fines, costs, expenses, demands arising out of the Owners’ failure to
comply with this sub-Clause (c).

Clause 93. Sales Clause


No intention to sell the Vessel within first 4 months’ Time Charter after initial delivery.

Thereafter Owners have the option to sell the Vessel with the Time Charter by giving 45 days’ notice,
if applicable to Charterers subject to Charterers’ approval of new Owners which acceptance is not to

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be unreasonably withheld. Vessel is not to change Ownership, flag, class etc., during a voyage. Full
style of Buyers and schedule of sale to be noticed to Charterers at same time.

The Buyers - as New Owners - to assume all responsibilities, obligations, title risk, interest and/or
rights under the Charter Party for the balance period. Current Owners - as Sellers - shall undertake all
obligations and/or liabilities of the Owners under the Charter Party which are outstanding for
settlement before change of Ownership and perform same in accordance with Charter Party.

Charterers and Current Owners are to endeavour to settle the outstandings immediately after change
of Ownership. The responsibility to change at the time of delivery from current Owners (as Sellers) to
Buyers (as New Owners) which to be evidenced by the "Protocol of Delivery and Acceptance”.

Current Owners to mail a copy of this document soonest after delivery to Charterers. The transfer of
the Vessel not to interfere with Charterers’ cargo operations and Vessel to be off-hire for any time lost
due to change of Ownership, flag, change of documentation etc. Vessel to be physically delivered to
new Owners free of cargo.

Clause 94. Termination Clause


Owners / Charterers option to terminate the Charter with four (4) months written notice to the other
party.

Notice of termination by Owners or Charterers can be made earliest four (4) months after delivery of
Vessel.

On issuing or receiving written notice of termination, Charterers have four (4) months to redeliver the
Vessel to Owners, e.g. if Owners give notice say at the end of 4th month, then the four month notice
period would mean redelivery end of 8th month and e.g. if notice given at the end of 6th month, then
the four month period would mean redelivery at the end of 10 th month.

Clause 95. EEXI Transition Clause for Time Charter Parties 2021
No modifications to Vessel engines output will be performed before / during this Time Charter.

Notwithstanding any other provision in this Charter Party, the Owners and the Charterers (the
"Parties") agree as follows:

"EEXI" means the Energy Efficiency Existing Ships Index as set out in MARPOL Annex VI (as
amended from time to time).

"EEXI Regulations" means RESOLUTION MEPC.328(76) - AMENDMENTS TO MARPOL


ANNEX VI (2021 REVISED MARPOL ANNEX VI) implementing EEXI and associated guidelines
and/or any subsequent amendments.

"EEXI Modifications" means any physical or technical modifications required to bring the Vessel in
compliance with the EEXI Regulations.

"Effective Date" means the Vessel’s next annual, intermediate or renewal survey, whichever comes
first, on or after 1 January 2023.

(a) The Parties acknowledge and accept that the Vessel is required to comply with the EEXI
Regulations from the Effective Date and that this may require EEXI Modifications.

(b) In the event that EEXI Modifications are required, these shall be completed by the Owners
prior to the Effective Date.

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(c) This sub-Clause (c) shall only apply where the EEXI Modifications are limited to an Engine
Power Limitation (EPL) or Shaft Power Limitation (SHAPOLI):

(i) The specification of such modifications and the estimated new maximum speed and
corresponding consumption figures of the Vessel shall be determined by the Owners
and the Charterers shall be informed in writing by the Owners without undue delay.

(ii) The Owners shall use their reasonable endeavours to plan and effect such
modifications during the Vessel’s service without any loss of time to the Charterers.
However, pursuant to sub-Clause (a), the Owners shall have the right to take the
Vessel out of service to effect such modifications.

(iii) Upon request and without undue delay the Charterers shall provide an itinerary for
the Vessel and shall update the Owners in case of any changes. The Owners shall
give the Charterers not less than three (3) weeks’ written notice of the anticipated
timeframe and location of such modification works.

(iv) The Owners shall be responsible for and bear the cost of such modifications including
procurement, purchase, payment, installation and any trials associated therewith. Any
actual loss of time to the Vessel (including bunkers consumed during such time) due
to the installation and trials of such modifications (including deviation, if any) shall
be for the Owners’ account.

(v) As soon as reasonably possible following the implementation of such modifications,


the Owners shall notify the Charterers in writing of the new maximum speed and
corresponding consumption figures of the Vessel and other consequential changes to
the Vessel’s description. The Owners shall as soon as practicably possible notify the
Charterers in writing of the date from which the Vessel’s power is certified to be
limited and from this date the new maximum speed and corresponding consumption
figures shall, if lower than the existing warranted maximum figures, replace those
existing warranted maximum figures. Other consequential changes to the Vessel
description shall be logically amended as from the same date. Any reduction in the
Vessel’s maximum speed and corresponding consumption shall be within the
Vessel’s performance curve derived from the Charter Party’s existing warranted
figures. All other warranted speed and consumption figures shall remain unchanged.

(vi) The Charterers shall not order the Vessel to prosecute voyages at a speed which
would exceed the new maximum speed when implemented under this sub-Clause (c).

(d) EEXI Modifications other than or in addition to EPL or SHAPOLI shall be subject to the
Charterers' prior agreement and approval, which shall not be unreasonably withheld or
delayed by the Charterers.

Clause 96. CII Operations Clause for Time Charter Parties 2022
Not applicable for this Time Charter.

Notwithstanding any other provision in this Charter Party, the Owners and the Charterers (the
"Parties") agree as follows:

“Agreed CII” means the values in gCO2/(dwt.nmile)* set out in sub-Clause (d).

“CII” means Carbon Intensity Indicator, as provided for in the MARPOL Carbon Intensity
Regulations.

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“CII Rating” means the Vessel’s attained operational carbon intensity rating, expressed as a rating
from A-E, in a calendar year, as calculated in accordance with the MARPOL Carbon Intensity
Regulations.

“C/P Attained CII” means the CII value in gCO2/(dwt.nmile)* attained by the Vessel, applying any
regulatory correction factors and voyage adjustments applicable to the Vessel and excluding fuel
consumed and distance travelled during off-hire periods in excess of [___] accumulated days (if left
blank, zero (0) days shall apply), measured in the relevant calendar year from the start of the calendar
year to date or, if the Charter Party begins during a calendar year, from date of the Vessel's delivery
under the Charter Party to date.

"Delivery Attained CII" means the CII value in gCO2/(dwt.nmile)* attained by the Vessel for the
calendar year to date as calculated at the time of delivery into the Charter Party.

“Effective Date” means 1 January 2023.

“MARPOL Carbon Intensity Regulations” means the regulations contained in Chapters 1, 2 and 4 of
Revised MARPOL Annex VI which relate to “Regulations on the Carbon Intensity of International
Shipping” and Resolution MEPC.328(76) implementing the CII and any associated guidelines and/or
subsequent amendments, including the Ship Energy Efficiency Management Plan (SEEMP).

"Projected Attained CII" means the C/P Attained CII extrapolated over the remainder of the relevant
calendar year (or the Charter period should redelivery be sooner than the end of the calendar year) and
used to demonstrate the trajectory of the Vessel's C/P Attained CII.

“Required CII” means, for each relevant calendar year of the Charter period, the middle point of CII
Rating level C equivalent to the required annual operational CII set out in Regulation 28.6 of the
MARPOL Carbon Intensity Regulations or as otherwise specified in the Guidelines for the MARPOL
Carbon Intensity Regulations.

*use gross tons (gt) instead of DWT, where applicable to the Vessel type.

(a) The Parties acknowledge and accept that as from the Effective Date the Vessel is required to
comply with the MARPOL Carbon Intensity Regulations and that this Clause shall govern the
relationship between the Parties and their obligations relating to those regulations.

(b) During the Charter Party, the Parties shall cooperate and work together in good faith to:

(i) share any findings and best practices that they may identify on potential
improvements to the Vessel’s energy efficiency; and

(ii) collect, share and report on a daily basis any relevant data that may assist the
monitoring and assessment of the Vessel's compliance with the MARPOL Carbon
Intensity Regulations and for planning prospective voyages.
(c)
(i) As from the Effective Date or date of the commencement of the Charter Party,
whichever is the later, the Charterers shall:

(1) operate and employ the Vessel (including the planning of voyages and supply
and selection of fuel) in a manner which is consistent with the MARPOL
Carbon Intensity Regulations and sub-Clause (c)(i)(2),

(2) not permit the C/P Attained CII to exceed the Agreed CII by the end of each
relevant calendar year or, if the Charter period or period remaining under this

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CHARTER PARTY DATED 12TH SEPTEMBER 2023

Charter Party is less than a full calendar year, by the time of redelivery, but
always subject to the provisions of sub-Clause (g).

(ii) Any existing warranties as to despatch, speed and consumption or to maintain the
Vessel's description provided for elsewhere in the Charter Party shall continue to
apply to the Charter Party. In the event of any breach of such warranties, the
Charterers shall be entitled to pursue a separate claim against the Owners, save that
any such breach shall not be relied upon by the Charterers as a basis to avoid meeting
their obligations under this Clause, including where sub-Clause (g) has been validly
invoked.
(d)
(i) The Agreed CII by calendar year shall be as follows:

Year Agreed CII values* Corresponding to a predicted CII Rating


2023
2024
2025
2026

* BIMCO recommends that Parties agree that the Agreed CII values should be the
Required CII or better, consistent with the MARPOL Carbon Intensity Regulations.

(ii) Where the Parties fail to agree in writing the Agreed CII for the relevant calendar
year(s) of the Charter period or otherwise fail to populate the above table with such
values for the relevant calendar year(s), then the Parties expressly agree and
acknowledge that the default Agreed CII for the Vessel shall, subject to sub-Clause
(d)(iii), be the Required CII.

(iii) If the Charter Party extends beyond 31 December 2026 the Parties shall review and
incorporate the Agreed CII in accordance with any new annual carbon intensity
targets under the MARPOL Carbon Intensity Regulations as set by the IMO for the
remaining calendar years under the Charter Party.

(iv) Upon delivery, the Owners shall provide the Charterers with the Delivery Attained
CII together with details of the types and quantities of fuels consumed and distance
travelled to date for the current calendar year. The data provided to the Charterers
pursuant to this sub-Clause shall, to the best of the Owners' knowledge, be accurate
and complete.
(e)
(i) The Charterers may at their discretion provide, in writing to the Master, orders or
instructions to adjust the Vessel’s speed or RPM (main engine Revolutions Per
Minute) to meet a specified time of arrival, or closest thereto, at a particular
destination or to proceed at a specified main engine fuel consumption, which shall
constitute the Charterers’ orders with which the Master shall comply, but subject
always to:

(1) the Charterers complying with their obligations under this Clause; and

(2) the Master’s obligations in respect of the safety of the Vessel, crew and cargo
and the protection of the marine environment.

(ii) The Charterers shall not be entitled to request an adjustment of speed or consumption
or RPM outside the existing safe operational limits of the Vessel or which shall result

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RIDER CLAUSES TO THE M.V. “BBC JUPITER” / IBC
CHARTER PARTY DATED 12TH SEPTEMBER 2023

in the Vessel’s engine(s) and/or equipment operating outside the manufacturers’ /


designers’ recommendations as published from time to time.

(f) From the Effective Date, the Owners shall:

(i) ensure that the Vessel is in a technical condition to be operated in a manner which
minimises fuel consumption, including but not limited to:

(1) maintaining the Vessel, its engines and hull, and any of its equipment
relevant to the Vessel’s energy efficiency, in accordance with the Charter
Party and the MARPOL Carbon Intensity Regulations / SEEMP, subject to
any express provisions elsewhere in the Charter Party that place maintenance
obligations on the Charterers, and reporting any associated deficiencies to the
Charterers;

(2) when passage planning, adjusting the Vessel’s trim and operating the
Vessel’s main engine(s) and auxiliary engine(s);

(3) making optimal use of the Vessel’s navigation equipment and any additional
aids provided by the Charterers, such as weather routing, voyage optimisation
and performance monitoring systems; and

(4) unless otherwise instructed by the Charterers, proceeding by the most fuel-
efficient route, but the Master may deviate from the route if he has reasonable
grounds to believe that such a route shall compromise the safe navigation of
the Vessel or the safety of the Vessel, crew or operation of equipment.

(ii) monitor and calculate the actual consumption of the Vessel on a daily basis and
provide the Charterers with details of the types and quantities of fuels consumed and
distance travelled as required by the Charterers and any other relevant data the
Charterers may reasonably request for the purpose of this Clause. This data shall be
used to calculate the C/P Attained CII value which shall be compared against the
Agreed CII for the relevant calendar year or Charter period and shared with the
Charterers. The Owners undertake that the data provided to the Charterers pursuant to
this sub-Clause shall, to the best of their knowledge, be accurate and complete; and

(iii) comply with the SEEMP, provided always that the Charterers adhere to their
obligations under this Clause.

g. If, at any time, during the period of this Charter Party, Charterers are to give the Vessel
instructions that would result In the Vessel to lose her Agreed CII rating, then the Parties will
mutually discuss options to bring the Vessel back onto the Agreed CII rating.

If at the end of the Charter Party Period the Vessel will be redelivered by the Charterers with
a CII rating lower than the Agreed CII, and the same is not caused by any reasons wherefore
the Owners are responsible under this Charter Party, then Charterers will pay Owners 2% of
the annual Charter Party rate (excluding any other costs, expenses, whatsoever howsoever
payable by Charterers under the C/P) when the Vessel will be redelivered in Q1 or Q4 (Jan,
Feb, March or Oct, Nov, Dec) or 1% of the annual Charter Party rate (excluding any other
costs, expenses, whatsoever howsoever payable by Charterers under the C/P) when the Vessel
will be redelivered in Q2 or Q3 (Apr up to and including Sept) as full and final settlement of
any and all claims from the Owners against the Charterers whatsoever and howsoever caused,
arising out of, or in relation to Owners performing voyages in accordance with Charterers’
instructions and/or the Vessel's CII rating and/or Charterers’ breach of this Clause.

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RIDER CLAUSES TO THE M.V. “BBC JUPITER” / IBC
CHARTER PARTY DATED 12TH SEPTEMBER 2023

i. In so far it is within Charterer's control the Charterers shall ensure that the terms of
the Bills of Lading, Waybills or other documents evidencing contracts of carriage
issued by or on behalf of the Owners provide that compliance by the Owners with this
Clause does not constitute a breach of the contract of carriage. The Charterers shall
indemnify the Owners against all consequences and liabilities that may arise from
Bills of Lading, Waybills or other documents evidencing contracts of carriage being
issued as presented to the extent that the terms of such Bills of Lading, Waybills or
other documents evidencing contracts of carriage impose or result in breach of the
Owners' obligation to proceed with due despatch or are to be held to be a deviation or
the imposition of more onerous liabilities upon the Owners than those assumed by the
Owners pursuant to this Clause.

Clause 97. BIMCO Bunker Quality Control Clause for Time Chartering amended
(1) The Charterers shall supply bunkers of a quality suitable for burning in the Vessel's engines
and auxiliaries and which conform to the specification(s) mutually agreed under this Charter.

(2) At the time of delivery of the Vessel the Owners shall place at the disposal of the Charterers,
the bunker delivery note(s) and any samples relating to the fuels existing on board.

(3) During the currency of the Charter the Charterers shall ensure that bunker delivery notes are
presented to the Vessel on the delivery of fuel(s) and that during bunkering representative
samples of the fuel(s) supplied shall be taken at the Vessel's bunkering manifold or bunker
barge whichever is applicable at the place of bunkering and sealed in the presence of
competent representatives of the Charterers and the Vessel.

(4) The fuel samples shall be retained by the Vessel for 90 (ninety) days after the date of delivery
or for whatever period necessary in the case of a prior dispute and any dispute as to whether
the bunker fuels conform to the agreed specification(s) shall be settled by analysis of the
sample(s) by (…….) or by another mutually agreed fuels analyst whose findings shall be
conclusive evidence as to conformity or otherwise with the bunker fuels specification(s).

(5) The Owners reserve their right to make a claim against the Charterers for any damage to the
main engines or the auxiliaries caused by the use of unsuitable fuels or fuels not complying
with the agreed specification(s). Additionally, if bunker fuels supplied do not conform with
the mutually agreed specification(s) or otherwise prove unsuitable for burning in the Ship’s
engines or auxiliaries the Owners shall not be held responsible for any reduction in the
Vessel's speed performance and/or increased bunker consumption nor for any time lost and
any other consequences.

Clause 98. BIMCO Sanctions Clause for Time Charter Parties 2020 (amended)
(a) For the purposes of this Clause:

“Sanctioned Activity” means any activity, service, carriage, trade or voyage subject to
sanctions imposed by a Sanctioning Authority.

“Sanctioning Authority” means the United Nations, European Union, United Kingdom,
United States of America or any other applicable competent authority or government.

“Sanctioned Party” means any persons, entities, bodies, or Vessels designated by a


Sanctioning Authority.

(b) Owners warrant that at the date of this Charter Party and throughout its duration they, the
registered Owners, bareboat Charterers, intermediate disponent Owners, managers, the Vessel
and any substitute are not a Sanctioned Party.

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RIDER CLAUSES TO THE M.V. “BBC JUPITER” / IBC
CHARTER PARTY DATED 12TH SEPTEMBER 2023

(c) Charterers warrant that at the date of this Charter Party and throughout its duration they and
any sub-Charterers, Shippers, Receivers and cargo interests are not a Sanctioned Party.

(d) If at any time either party is in breach of sub-Clause (b) or (c) above then the party not in
breach may terminate and/or claim damages resulting from the breach.

(e) Charterers shall not give any orders for the employment of the Vessel which involves a
Sanctioned Party or a Sanctioned Activity.

(f) If the Vessel is already performing an employment which involves a Sanctioned Party or is a
Sanctioned Activity, without prejudice to any other rights that may be available in sub-Clause
(d) above, Owners shall have the right to refuse to proceed with the employment and
Charterers shall be obliged to issue alternative voyage orders within forty-eight (48) hours of
receipt of Owners’ notification of their refusal to proceed. If Charterers do not issue such
alternative voyage orders Owners may discharge any cargo already loaded at any safe port or
place (including the port or place of loading). The Vessel shall remain on hire throughout and
Charterers shall be responsible for all additional costs and expenses.

(g) If in compliance with sub-Clause (f) above anything is done or not done, such shall not be
deemed a deviation, but shall be considered due fulfilment of this Charter Party.

(h) Charterers shall indemnify Owners against any and all claims brought by the Owners of the
cargo and/or the holders of Bills of Lading, Waybills or other documents evidencing contracts
of carriage and/or sub-Charterers against Owners by reason of Owners’ compliance with such
alternative voyage orders or discharge of the cargo in accordance with sub-Clause (f) above.

(i) Charterers shall procure that this Clause shall be incorporated into all sub-Charters and Bills
of Lading, Waybills or other documents evidencing contracts of carriage issued pursuant to
this Charter Party.

Clause 99. BIMCO U.S. Anti-Drug Abuse Act 1986 Clause for Time Charter Parties 2013
In pursuance of the provisions of the U.S. Anti-Drug Abuse Act 1986, or any re-enactment thereof,
the Charterers warrant to exercise the highest degree of care and diligence in preventing unmanifested
narcotic drugs and marijuana to be loaded or concealed on board the Vessel.

Non-compliance with the provisions of this Clause shall amount to breach of warranty for the
consequences of which the Charterers shall be liable and shall hold the Owners, the Master and the
crew of the Vessel harmless and shall keep them indemnified against all claims whatsoever which
may arise and be made against them individually or jointly.

Furthermore, all time lost and all expenses incurred, including fines, as a result of the Charterers'
breach of the provisions of this Clause shall be for the Charterers' account and the Vessel shall remain
on hire.

Should the Vessel be arrested as a result of the Charterers' non-compliance with the provisions of this
Clause, the Charterers shall at their expense take all reasonable steps to secure that within a
reasonable time the Vessel is released and at their expense put up bail to secure release of the Vessel.

The Owners shall remain responsible for all time lost, and all expenses incurred, including fines, in
the event that unmanifested narcotic drugs and marijuana are found in the possession or effects of the
Vessel's personnel.

Clause 100. U.S. Trade - Unique Bill of Lading Identifier Clause


The Charterers warrant that each transport document accompanying a shipment of cargo destined to a
port or place in the United States of America shall have been endorsed with a unique Bill of Lading

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RIDER CLAUSES TO THE M.V. “BBC JUPITER” / IBC
CHARTER PARTY DATED 12TH SEPTEMBER 2023

identifier as required by the U.S. customs regulations (19 CFR part 4 section 4.7A) including
subsequent changes, amendments or modifications thereto, not later than the first port of call.

Non-compliance with the provisions of this Clause shall amount to breach of warranty for the
consequences of which the Charterers shall be liable and hold the Owners harmless and shall keep
them identified against all claims whatsoever which may arise and be made against them.

Furthermore, all time lost and all expenses incurred including fines as a result of the Charterers breach
of the provisions of this Clause shall be for the Charterers’ account.

Clause 101. Covid-19 Crew Change Clause


Owners are allowed to deviate for purpose of crew change with Charterers’ prior consent, which not
to be unreasonable withheld.

Clause 102. BIMCO North American Advance Cargo Notification Clause for Time Charter
Parties 2016
1. U.S. Notification Requirements for Time Charter Parties

(a) If the Vessel loads or carries cargo destined for the U.S. or passing through U.S. ports in
transit, the Charterers shall comply with the current U.S. Customs regulations (19 CFR 4.7) or
any subsequent amendments thereto and shall undertake the role of Carrier for the purposes of
such regulations and shall, in their own name, time and expense:

(i) Have in place a SCAC (Standard Carrier Alpha Code);

(ii) Have in place an ICB (International Carrier Bond);

(iii) Provide the Owners with a timely confirmation of (i) and (ii) above; and

(iv) Submit a cargo declaration by AMS (Automated Manifest System) to the U.S.
Customs and provide the Owners at the same time with a copy thereof.

(b) The Charterers assume liability for and shall indemnify, defend and hold harmless the Owners
against any loss and/or damage whatsoever (including consequential loss and/or damage)
and/or any expenses, fines, penalties and all other claims of whatsoever nature, including but
not limited to legal costs, arising from the Charterers’ failure to comply with any of the
provisions of sub-Clause (a). Should such failure result in any delay then, notwithstanding
any provision in this Charter Party to the contrary, the Vessel shall remain on hire.

(c) If the Charterers' ICB is used to meet any penalties, duties, taxes or other charges which are
solely the responsibility of the Owners, the Owners shall promptly reimburse the Charterers
for those amounts.

(d) The assumption of the role of Carrier by the Charterers pursuant to this Clause and for the
purpose of the U.S. Customs Regulations (19 CFR 4.7) shall be without prejudice to the
identity of Carrier under any Bill of Lading, other contract, law or regulation.

2. Canadian Notification Requirements for Time Charter Parties

(a) As between Owners and Charterers, Charterers shall be deemed to be the Conveyance
Operating Carrier for the purposes of the Canada Customs Act and any related regulations,
memorandums or notices issued by the Canada Border Services Agency (“CBSA”).

(b) Subject to sub-Clause (c) below, Charterers will be responsible for obtaining a Marine Carrier
Code (Bonded or Non-Bonded) as may be required and for providing the CBSA with the

24
RIDER CLAUSES TO THE M.V. “BBC JUPITER” / IBC
CHARTER PARTY DATED 12TH SEPTEMBER 2023

Advance Commercial Information by Electronic Data Interchange or otherwise on a timely


basis.

(c) When the Vessel calls at a port in Canada other than as instructed by Charterers, Owners shall
provide Charterers with all information necessary for the timely and accurate submission of
Advance Commercial Information to the CBSA.

(d) Each party shall indemnify the other party for any and all fines, penalties, expenses, loss,
damage, delay or any other claim, including attorney’s fees, arising from its failure to comply
with this Clause.

(e) For the avoidance of doubt, nothing contained in this Clause is intended to vary any other
provision of this Charter as to responsibility for cargo and identity of Carrier.

25
RIDER CLAUSES TO THE M.V. “BBC JUPITER” / IBC
CHARTER PARTY DATED 12TH SEPTEMBER 2023

INT GROUP A
STANDARD FORM LETTER OF INDEMNITY TO BE GIVEN IN RETURN FOR
DELIVERING CARGO WITHOUT PRODUCTION OF THE ORIGINAL BILL OF LADING

To: [insert name of Owners] [insert date]


The Owners of the [insert name of ship]
[insert address]

Dear Sirs

Ship: [insert name of ship]


Voyage: [insert load and discharge ports as stated in the Bill of Lading]
Cargo: [insert description of cargo]
Bill of Lading: [insert identification numbers, date and place of issue]

The above cargo was shipped on the above ship by [insert name of Shipper] and consigned to [insert
name of Consignee or party to whose order the Bill of Lading is made out, as appropriate] for delivery
at the port of [insert name of discharge port stated in the Bill of Lading] but the Bill of Lading has not
arrived and we, [insert name of party requesting delivery], hereby request you to deliver the said
cargo to [insert name of party to whom delivery is to be made] or to such party as you believe to be or
to represent [insert name of party to whom delivery is to be made] or to be acting on behalf of [insert
name of party to whom delivery is to be made] at [insert place where delivery is to be made] without
production of the original Bill of Lading.

In consideration of your complying with our above request, we hereby agree as follows: -

1. To indemnify you, your servants and Agents and to hold all of you harmless in respect of any
liability, loss, damage or expense of whatsoever nature which you may sustain by reason of
delivering the cargo in accordance with our request.

2. In the event of any proceedings being commenced against you or any of your servants or
Agents in connection with the delivery of the cargo as aforesaid, to provide you or them on
demand with sufficient funds to defend the same.

3. If, in connection with the delivery of the cargo as aforesaid, the ship, or any other ship or
property in the same or associated Ownership, management or control, should be arrested or
detained or should the arrest or detention thereof be threatened, or should there be any
interference in the use or trading of the Vessel (whether by virtue of a caveat being entered on
the Ship's registry or otherwise howsoever), to provide on demand such bail or other security
as may be required to prevent such arrest or detention or to secure the release of such ship or
property or to remove such interference and to indemnify you in respect of any liability, loss,
damage or expense caused by such arrest or detention or threatened arrest or detention or such
interference, whether or not such arrest or detention or threatened arrest or detention or such
interference may be justified.

4. If the place at which we have asked you to make delivery is a bulk liquid or gas terminal or
facility, or another ship, lighter or barge, then delivery to such terminal, facility, ship, lighter
or barge shall be deemed to be delivery to the party to whom we have requested you to make
such delivery.

5. As soon as all original Bills of Lading for the above cargo shall have come into our
possession, to deliver the same to you, or otherwise to cause all original Bills of Lading to be
delivered to you, whereupon our liability hereunder shall cease.

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RIDER CLAUSES TO THE M.V. “BBC JUPITER” / IBC
CHARTER PARTY DATED 12TH SEPTEMBER 2023

6. The liability of each and every person under this indemnity shall be joint and several and shall
not be conditional upon your proceeding first against any person, whether or not such person
is party to or liable under this indemnity.

7. This indemnity shall be governed by and construed in accordance with English law and each
and every person liable under this indemnity shall at your request submit to the jurisdiction of
the High Court of Justice of England.

Yours faithfully
For and on behalf of
[insert name of Requestor]
The Requestor

.......................................
Signature

27
RIDER CLAUSES TO THE M.V. “BBC JUPITER” / IBC
CHARTER PARTY DATED 12TH SEPTEMBER 2023

LETTER OF INDEMNITY

Date:

To: The Owners and/or Disponent Owners of the M/V…….

Dear Sirs,

Ship: [insert name of ship]


voyage: [insert load and discharge ports as stated in the Bill of Lading]
Cargo: [insert description of cargo]
Bill of Lading: [insert identification number, date and place of issue]

WHEREAS the above-mentioned cargo has been loaded on the above ship by [insert name of
Shipper] and consigned to [insert name of Consignee] for delivery at the port of [insert name of
discharge port stated in the Bills of Lading], and

WHEREAS we, being the Charterers, Messrs. ................................... , and the cargo Receivers,
Messrs. ............................ , have requested Owners to instruct the Master to discharge cargo during
rain and/or rainy conditions at the port of ...................... .

WHEREAS, We hereby undertake jointly and severally all below obligations, waving all our rights to
bring any claim against the above mentioned Owners (and disponent Owners), their Vessel, servants
and Agents and to hold all of the parties mentioned herein harmless in respect of any cargo claim
whatsoever, including potential / alleged cargo claim(s) that ends as a result of our above request,

In consideration of your complying with our above request, we hereby agree:

1. To indemnify you, your servants and Agents and to hold all of you harmless in respect of any
cargo claims, liability, loss, damage or expense of whatsoever nature which you may sustain
as a result of the above-mentioned instructions to proceed and discharge the cargo during
rainy and/or rainy weather.

2. In the event of any proceedings being commenced against you or any of your servants or
Agents in connection with the said wet condition of cargo as aforesaid (including, if
applicable, proceedings commenced by cargo interests of other cargo loaded at in the same
hold(s) which may be effected by sweat condensation / wetness etc.,) to provide you or them
on demand with sufficient funds to defend the same.

3. If, in connection with the condition of the cargo as aforesaid, the ship, or any other ship or
property in the same or associated Ownership, management or control, should be arrested or
detained or should the arrest or detention thereof be threatened, or should there be any
interference in the use or trading of the Vessel (whether by virtue of a caveat being entered on
the Ship’s registry or otherwise howsoever), to provide on demand such bail or other security
as may be required to prevent such arrest or detention or to secure the release of such ship or
property or to remove such interference and to indemnify you in respect of any liability, loss,
damage or expense caused by such arrest or detention or threatened arrest or detention or such
interference, whether or not such arrest or detention or threatened arrest or detention or such
interference may be justified.

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RIDER CLAUSES TO THE M.V. “BBC JUPITER” / IBC
CHARTER PARTY DATED 12TH SEPTEMBER 2023

4. The liability of each and every person under this indemnity shall be joint and several and shall
not be conditional upon your proceeding first against any person, whether or not such person
is party to or liable under this indemnity.

5. This indemnity shall be governed by and construed in accordance with English law and each
and every person liable under this indemnity shall at your request submit to the jurisdiction of
the High Court of Justice of England.

Yours faithfully
For and on behalf of
Charterers
[insert name of Charterers]

.......................................
Signature
Name:
Title:

Yours faithfully
For and on behalf of
Receivers
[insert name of Receivers]

.......................................
Signature
Name:
Title

29

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