CONTRACT OF EMPLOYMENT

Between.............................hereinafter referred to as the “employer” and the following seaman,

hereinafter referred to as the “employee”.

Surname Name(s)

D.O.B.: Place of Birth: Nationality:

Marital Status: Married/Single/Divorced No. of children Tel. No:

Address:

Next of Kin: Relationship:

Passport No: D.O.Issue D.O.Expiry Place issued

PREAMBLE

Employment commences on …………………………….. with the rank

as…………………………………………………………………………,
on board the vessel under the management of the employer

Name of Vessel : ……………………………. Built: ………………….

Port of Registry: …………………………….. Flag: …………………..
GRT: …………. DWT: ………….. MAIN ENGINE: ………………….
HP: …………… CLASSIFICATION: ………………………………….

In full and final settlement of all financial claims, the Employer shall be obliged to pay the
Employee, for the previous month or pro-rata as follows:

MONTHLY SALARY IN EURO

Basic Salary EURO
Fixed Overtime EURO
Leave Pay EURO
Extra Work Allowance (if any) EURO

TOTAL SALARY EURO

CONTRACT DURATION

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 TERMS OF EMPLOYMENT

1. NATURE OF EMPLOYMENT

The employee shall be employed on board the ……………., and/or transferred to any one of the
vessels managed by the Employer, irrespective of trade of such vessels, in such position as
stipulated in the PREAMBLE of this Contract on the First Page. The period of employment is as
agreed and specified in the PREAMBLE of this contract on the first page.

The commencement of employment will be the date of departing from the Employee’s home
airport, and terminated when arriving to his/her home airport. It is understood that the Employee
will follow repatriation instructions, arranged by the employer, and should the employee make
repatriation arrangements, then the repatriation should take place immediately, after signing off,
and without any postponement.

2. DUTIES OF THE EMPLOYEE

2.1 The Employee undertakes to render his/her employment in good seamanlike manner, and
assist in any position within his/her Department, if requested by their superiors, by their
employer and/or by their representatives.

2.2 The Employee will perform, at all times, as best as he/she can, all kind of work, which shall
be requested by the Master or Officer in charge, with due diligence, and to his/her best
ability, and shall be considered as normal work, and will not be compensated by an additional
premium.

2.3 The Employee, as requested by his/her superiors, is obliged to carry-out any kind of work at
sea and in port, at all times, including Saturdays, Sundays and Holidays.

2.4 The Employee undertakes not to disclose to any person, any matters which come to his/her
knowledge during his/her employment, about the affairs of his/her employer, whether
business or otherwise, or the Owner of the vessel where he/she renders his/her employment.
This undertaking of the Employee shall be extended even after termination of this contract.

2.5 The employee undertakes to present the following documents before departing for
employment to any vessel:

a) Valid Passport
b) Valid health fitness certificate including test for Aids, Hepatitis and Syphilis
c) Valid Seaman’s Book
d) Valid certificates of competency according to position and as per Flag State
requirements, as applicable during the Term of Employment
e) Valid Certificates as per S.T.C.W. ’95 and /or as indicated in Principals Matrix.

3. NORMAL WORKING TIME AND OVERTIME WORK

3.1 Marine Personnel

Normal working hours at sea and at port shall be eight hours during weekdays and half
during Saturdays.

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3.2 Hotel Personnel
Working days are set at seven (7) per week and working hours will be according to the
vessel’s department schedule and workload.

Free time between normal work should be, as a rule, at least 6 hours. The seaman shall not be
paid-out compensation for overtime work done in the case of emergency (danger), that
directly affects the safety of the vessel, the passengers and the crew, or the necessary work
for rendering assistance to other ships or persons in immediate danger, or for the times spent
at emergency drills.

4. PAYMENT OF WAGES

The basic monthly salary and compensation for overtimes/leave pay and any additional
allowance, reduced by the amounts drawn by the employee, shall be paid during the beginning of
the following month for the accrued wages of previous month to the account denoted by the
seaman or in cash by the vessel’s Master, if circumstances permit so.

5. LEAVE AND PAYMENT OF LEAVE

The employee is entitled to have the leave, as provided for, in the PREAMBLE of this contract.
Such leave is receivable/payable as in section 4 above, or upon the termination of the contract and
payable either in cash by the Master or to the denoted account.

6. ACCOMMODATION AND MEALS

The Employer shall provide the employee with good and substantial meals and adequate
accommodation with sufficient facilities.

7. MEDICAL CARE AND SICKNESS WAGES

7.1 If the employee suffers an illness or injury whilst in the service of the employer, irrespective
of whether at the time of suffering the illness or injury he/she is on-board or ashore (provided
that such illness or injury was not due to a willful act or default or misbehaviour of the
employee, and that illness or injury were not intentionally concealed by the employee at the
time of his/her engagement), the employee shall be entitled to all necessary medical care until
he/she is cured, or until the permanent nature of the sickness, or the resulting incapacity has
been determined, or until the seaman is returned to the port from where he/she were signed
on, or until he/she is repatriated to his/her domicile. In the case of death, any transportation
and burial expenses shall be borne by the Employer. The Employer does not provide pension
coverage.

7.2 The Employer shall not, at any time, be obliged to pay the employee with regard to his/her
medical care, cash benefits and allowances any amount for any period beyond the sixteenth
week from the date of the incident giving rise to such claims or beyond the date of his/her
repatriation whichever comes later.

7.3 The Employer undertakes to provide insurance giving cover to claims by the crewmembers.
This insurance cover should ensure that the employee receives cash benefits, equal to his/her
basic wage for not more than sixteen (16) weeks.

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7.4 If the health condition of the employee, at a written request of the physician, requires
professional medical escort during repatriation, the costs of the escort shall be borne by the
Employer.

7.5 The Employer will provide the employee with ordinary dental examination, dental extractions
during employment but excluding filings and/or cosmetic repairs.

8. INSURANCE AGAINST ACCIDENT AT WORK

8.1 The Employer undertakes to insure the employee against the risk of Death, missing at sea or
permanent disability caused by accident during the time of his/her employment. Such
insurance cover shall commence from the time of he/she travels from his/her domicile to
meet the vessel until the time he/she arrives back to his/her domicile, if the repatriation has
followed immediately after the termination/expiration of the employment. Period, while the
employee is on leave, and/or on sick leave, are excluded from such insurance cover. The
amounts of such insurance will be:

a) In the case of death due to accident or missing at sea – up to USD 50,000.

b) In the case of permanent disability due to accident based on the degree of disability as
follows:

DEGREE OF DISABILITY (%) RATE OF COMPENSATION

100 50,000
75 37,500
60 30,000
50 25,000
40 20,000
30 15,000
20 10,000
10 5,000

8.2 The terms of the above insurance policy, are governed by the condition of such cover as
negotiated and concluded by the Employer with the relevant insurance company. All claims
against the insurance company must be governed by the said conditions.

8.3 Notwithstanding, his/her claim against the insurers, the employee expressly waives all claims
of his/her or his/her heirs for compensation of damage due to death or permanent disability
which he/she suffered during his/her engagement against his/her employer, the Owner of the
vessel, the Master, members of the crew or any other servant or agent of the above-named
persons unless his/her death or permanent disability has been caused by a willful act of any of
the above-named persons. Pension coverage is not provided by the Employer.

9. INSURANCE OF PERSONAL EFFECTS

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The Employer undertakes to insure and keep insured all personal effects of the employee against
total or partial loss or damage to loss or stranding of the vessel, being for Officers and Staff up to
the maximum of US$ 3,000.- excluding cash and valuables, which are not covered.

10. NATURAL DEATH

In the case of natural death of the employee, the next of kin of the deceased will be compensated
with an amount of USD 50,000.-

11. COST OF EMBARKATION AND REPATRIATION

11.1 The Employer shall bear or reimburse respectively to the employee, the air-ticket costs as
from his departure from his country to the port of joining the ship.

11.2 The Employer shall pay the employee, after termination of his contract, the
corresponding part of his/her basic monthly wages as well as unused leave as per
paragraph 5 and shall arrange for, and bear costs for, the employee’s repatriation to his/her
home airport.

12. TERMINATION AND/OR EXTENSION OF THE CONTRACT

12.1 The employee is employed subject to a probationary period of three (3) months. Should
the Employer terminate this contract, due to the employee not being capable of performing
his/her duties, during the probationary period, the employer will not be liable to any form of
compensation other than full settlement of accrued wages.

12.2 Should the employee terminate the contract before expiry of this contract period, the
employee is obliged to bear the costs of his/her repatriation and those of his/her substitute.

12.3 If the vessel is lost either constructive or total loss, sold, laid-up or if the management
contract between the Employer (crew managers) and the Owners, has been either cancelled,
terminated or completed, and the employer is not in a position to provide the employee with
employment under the same conditions, the Employer may terminate this contract provided
that the Employer shall bear the costs to the employee to direct repatriation to his/her
domicile. In addition the employee is entitled to one month’s extra basic wage, unless
arrangements have been made for the employee to join another vessel to complete his/her
contract, in which case the employee shall be entitled to only the earned salary until the date
of joining the other vessel.

12.4 After the expiration of the contract, the Employer shall have the right to hold the
employee aboard the ship until the ship arrives at a convenient port, being at Owner’s
discretion. The Employer may make use of his right up to 30 days. If the ship fails to reach a
convenient port within those 30 days and the employee does not wish to extend his/her
contract, the Employer shall be obliged to make it possible for the employee to return to
his/her home airport and shall pay-out any compensation for the unused leave and arrange to
bear the costs of repatriation from the first port that the Master and the employee consider as
appropriate.

12.5 If the two contracting parties agree, this contract may be extended beyond the end of the
ship’s trading period, with the same terms and conditions as contained in this contract, for a
period to be mutually agreed.

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13. EXTRAORDINARY CASES OF TERMINATION OF CONTRACT

This contract may be terminated before the expiry date in the following extraordinary cases:

13.1 Termination of the employee

If the Employer or his/her representatives do not follow the contractual obligations.
If the vessel is sailing or making preparations to sail into a declared war zone(s) and the
employee has not given his/her written consent accepting such a voyage.

If the ship carries an illegal cargo.

In the case that the Contract is terminated because of one of the above stated reasons, and
the Employer is not in the position to offer employment on another ship to the employee
under the same conditions, the employee is entitled to one month’s extra net basic salary
upon termination of employment, costs of his/her repatriation and pro-rata compensation
for his/her unused leave.

13.2 Termination by the Employer if the employee is involved in:

a) Breach of contract by not following his/her contractual obligations.

b) Criminal offence of any other offence against any other law.
c) Embezzlement of vessel’s property.
d) Willful damage to the vessel’s property or to the vessel’s cargo.
e) Breach of discipline and disobedience.
f) Gross negligence in performance of duties.
g) Action jeopardizing the safety of the vessel and/or her cargo.
h) Smuggling.
i) Repeated drunkenness on duty or drunkenness that considerably spoils relations
between crewmembers and customary order and discipline of the vessel.
j) Grave misconduct.
k) Possession of narcotics and/or firearms.
l) Desertion, willful and permanent leaving of the vessel or missing the vessel due to
late return from shore leave.
m) Possession of any quantity of alcohol unless declared to the Master.
n) Purchase of any alcohol from ashore without the approval of the Master.
o) Consumption of any alcohol during four hours before, or on duty.

Professional conduct must be observed at all times whether during working hours/whilst
on duty or not. Personal relationship’s must be kept discreet and not become public knowledge.
Said relationships should not, in any way, interfere with the running of the vessel nor lead to
deterioration of the duties of either party. Any such breach will be deemed to be ground for
termination of the contract forthwith.

Unauthorized use of unoccupied cabins by any member of the crew will be deemed ground
for termination of the contract forthwith.

If the contract is terminated because of any of the above-mentioned clauses, the Employee shall
bear the costs of his/her repatriation and the costs of his/her replacement any pre-joining
expenses incurred.

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14. SERVICE CERTIFICATE

The employer or the Master of the vessel respectively are obliged to issue a Certificate of Service
in the English language to the employee upon signing-off, stating the reason and date of
discharge.

15. INCOME TAX

The employee is solely responsible to pay his/her income-tax obligations, if any, to his/her
country of residence and he/she shall keep the employer as well as the Owners of the vessels in
which he/she has offered his/her services during the course of this contract, harmless from any
claims or liabilities which may arise out of his/her obligations.

16. JURISDICTION

Any disputes that may arise from the contract should be resolved between the employee and the
employer directly. Should the parties not reach an agreement, then it can be taken to a mutually
agreed arbitrator. In the event of deadlock then the dispute will be tried in a Court of Law in
Cyprus.

17. FINAL PROVISION

There are three copies of this contract, one of which to be kept by the employee, one by the
Master and the other to be kept on the company’s file. All contracts are to be duly signed, dated
(stamped by the company) with each page being initialed by both parties to the contract.

I the undersigned have read, understood and agree upon the condition of my employment as
written above and in the attached pages, I also agree to obey the Owners and Ship’s Rules and
Regulations.

Date:

The Crew Agent The Employee

…………….. …………………….

Final Acceptance by the Company

……………………………