CHARTERER'S RIGHTS & OBLIGATIONS :
Payments: The Charterer agrees to hire the Yacht and
shall pay the charter fee and any other agreed charges by means specified
in this Agreement.
Delivery/Redelivery: The Chaterer agrees to embark and disembark
at the ports stated on this agreement. The Charterer shall redeliver the yacht
to the Owner free of any debits incurred for the Charterer's account during the
charter period and in as good condition as when delivery was taken, except the
fair wear and tear arising from ordinary use.
Cruising Area: The charterer shall restrict the cruising of
the yacht to within the cruising area.
Maximum Number of Persons: The Charterer shall not at anytime
during the charter period permit more that the maximum number of persons in the
charter party, excluding crew, to sleep and eat regularly on board the Yacht.
Where children are taken on board the Charterer shall be fully responsible for
their safty, conduct and entertainment and no member of crew shall be called
upon or be in any way responsible for their safty or entertainment.
Terms: The charter hire shall cover only those items set out
on the Agreement.
Delay in delivery: If, for any reason other than Force Majeure,
the Charterer fails to redeliver the Yacht to the Owner at the port of redelivery,
the Charterer shall pay to the Owner demurrage at the daily rate, subject always
to the Owner's rightto recover further or additional loss or damage, if any thereby
Insurance : The Charterer shall be responsible to the Owner
for any loss, damage or injury caused by any wilful or negligent acts of himself
or his guests and shall give prompt notice to the Owner of any event which may
give rise to a claim. The Owner advise the Chareterer to have an additional insurance
for himself and his guests if the valid one is found inadequate.
Breakdown or Disablement: If the Yacht is lost or so extensively
disable the the Yacht cannot be repaired within 24 hours or period of seventh
of the charter period, whichever is longer or cannot be replaced by a similar
yacht, The Charterer may terminate this Agreement and by notice to the Owner,
an as soon as practical after such termination the charter fee be refunded by
the Owner pro-rata for that part of the Charter period which commenced after
the time of loss or disablement.
Use of the Yacht: Charterer shall use the Yacht exculisively
as a pleasure vessel for the use os himselfs and his guests. The Charterer shall
ensure that; No pets or animals brought on board with a prior permission, no
narcotics shall be carried on board or use in the Yacht, the use by him and his
guests shall not cause any nuissance or offence to any person, him and his guests
shall comply with the Law and Regulations of any country into whose waters the
Yacht shall cruise and enter during the course of this Agreement, any bonded
stores or other merchandise which may be aboard the Yacht are cleared through
the customs before being taking ashore. If the Charterer or his guests commit
any offence contrary to the Law and Regulations of any other which results in
any member of the crew or the Yacht being detained, fined or imprisoned, arrested
or sized, the Charterer shall indemnify the Owner against all loss, damage and
expence incurred by the Owner as a result and the Owner may by notice to the
Charterer terminate this Agreemenet forthwith.
Non Assignment: The Charterer shall not assign this agreement
or sub-let the yacht without the consent in writing of the Owner.
OWNER'S RIGHTS AND OBLIGATIONS
Agreement to Let: The Owner shall let the Yacht for Charter
period and agrees not to enter into any other agreement for the same period.
Delivery: The Owner shall deliver the Yacht to the port delivery
in full working order, clean and good condition and ready for service.
Crew: The Owner shall provide a properly qualified Captain approved
by the insurers of the Yacht and a properly qualified crew.
Air-condition: The Owner shall let the use A/C for max.5 hours
per day. Any dispute in connection with the interpretation and full fillment
of this Agreement shall be decided by arbitration. Each party shall appoint their
own arbitrator whose decision will be final and binding. This Agreement shall
be governed and constructed in accordance with the Laws of Turkey.