WHEREBY IT IS AGREED as follows:
1. The Owner agrees to let on bare-boat charter and the Charterer agrees to charter the unattended yacht
(hereinafter called ΄the Yacht΄) for the period commencing at o’clock or thereabout on the day of and ending
at o ‘clock on day of for the sum of of which 50% is due to be paid by the Charterer
Mr./ Mrs. upon the signing of this Agreement. The balance of 50% is due and payable the latest on embarkation by
Traveler Cheques, Cash and Bank Certified Cheques. Attention please !!! NO PERSONAL CHEQUES ARE ACCEPTED.
2.The signing of this Agreement by the Owner and/ or his Agent becomes valid and binds the Owner to his obligations hereinafter mentioned only
on condition that the Owner will actually receive the sum of the payments as indicated in Clause 1 in time.
3.The Owner agrees:1200 euro insurance deposit by the charterer
A) To fit out the Yacht and to hand her to the Charterer, without crew, clean, ready for sea with all the gear and equipment
indicated in the Yacht’s brochure as well as its inventory list and in proper running and sea worthy condition at
B) To insure the Yacht and her equipment against fire, marine and collision risks and third party damage and against any and all loss or damage in
excess of and the charterer shall therefore be relieved of any and all liability which is covered by the said Policy, provided that such loss or
damage is not caused or contributed to by any act of cross negligence or willful default on his part. Should the Owner fail or elect not to effect
such insurance he shall assume the same responsibilities as if the Yacht were so insured, but he shall not be under any liability for the loss or
damage to the personal property of or for any injury to the Charterer or any person on aboard with his permission.
C. To employ every reasonable effort to insure delivery of the Yacht on the date and at the place mentioned in Clause 1 and 3 (a) here of, but if for
any cause whatsoever the yacht shall not be available, the Charterer shall have the right of choice of one of the following possibilities:
I. Provided that the following charter commitment of the Yacht allows it and that the Owner agrees to prolong the period of charter by the same
length of time by which the delivery has been delayed.
II. To leave the date of termination unchanged as in Clause 1 thereof and to be refunded by the Owner with an amount proportional to the time by
delivery was delayed at the rate corresponding to the total charter fees in Clause 1 here of.
III. If the delay of delivery exceeds one fourth (1/4) of the total charter time, to cancel this Agreement and he refunded by the owner with the total
amount paid for this charter.
In any of the events mentioned in this Clause, neither party shall be liable to pay to the other any other compensation for any loss or damage
resulting from the curtailment
4. The Charterer agrees:
a) To redeliver the Yacht to the Owner at cleaned-up along with all her equipment, in the same good condition as she was
at take-over, at the time designated in the Clause 1, unless the yacht has become a total loss. If he shall for any reason fail to deliver the Yacht at the
aforesaid date and time, to pay to the Owner demurrage at the rate of the charter price per day of this Agreement increased by fifty percent (50%)
for every day or fractional part of a day thereafter until delivery has been effected. If he leaves the yacht at any place other than the place designated
in this Clause, to pay to the Owner all expenses involved in transferring the yacht to the place of redelivery and pro-rata demurrage as above for the
number of days required for this transfer, as well as for any loss or damage not covered by the insurance policy, which may occur on or to the yacht
until she has been taken over again by the Owner.
b) To leave on deposit and as guaranty with the Owner on taking over the Yacht the to meet it whole or in part any claim by
the Owner in respect of any loss or damage to the yacht and/ or her equipment not recoverable under the policy of insurance as in Clause 3(b) hereof
and for any claim by the Owner in respect of the provisions of Clause 4(a) above. The aforesaid deposit shall be refunded to the Charterer, subject
to the provisions above, after inspection of the yacht, her gear and her by the Owner.
c) Not to use the yacht for racing or for towing other craft, except in an emergency, or generally for any purpose other than that of private pleasure
of the Charterer and his party which should include not less than 1 qualified Skipper and 1 experienced crew member, but not more than
persons in all at sea, or to accommodate aboard any person other than those shown on the crew/ passenger manifest. Not to take the Yacht neither
to allow her to be taken outside the area of the Hellinic seas nor to sublet the Yacht without the written consent of the Owner.
d) Not to allow any person on board to commit any act contrary to the custom laws of Hellas or of any country or contrary to the laws pertaining
to fishing or under water diving nor to seek and/ or take possession of objects of archeological nature or value. In any case such act is committed,
this Agreement shall there upon be terminated, but without prejudice to any rights of the Owner and that the Charterer shall carry alone any resulting responsibilities and he shall answer alone to the appropriate Authorities.
e) To take any possible preventive measure and precaution to avoid bringing the Yacht in any condition in which the Yacht will need to be towed to
any point by another vessel, but should such a necessity arise, despite of the Charterer΄s efforts, to negotiate and agree with the captain of the other
vessel on the price to be paid before allowing the yacht to be towed.
f) Not to leave a port or anchorage if the wind force is or is predicted to be over six (6) of the Beaufort scale or if the harbor Authorities have imposed
a prohibition of sailing or while the yacht has unrepaired damage or any of her vital parts such as engine, sails, rig, bilge pump, anchoring gear,
navigation lights, compass, safety equipment, ect are not in good working condition or without sufficient reserves of fuel or in general, when
weather conditions or the state of the yacht or its crew or a combination of them concerning the safety of the yacht and her crew is doubtful.
g) When necessary, to promptly reduce canvas and not to allow the yacht to be found sailing under an amount of canvas greater than the one
insuring comfortable sailing without excessive strains and stresses on the rigging and the sails, not to sail the yacht in any area not sufficiently
covered by the charts at his disposal or without having previously studies the charts of the area and other printed aids on board thoroughly, not to
sail the yacht at night without sufficient watch on deck.
h) To keep the yacht’s logbook up to date, noting each day the port of call, the state of the yacht and its equipment, any change in the composition
of the crew when at sea regularly, the times, positions, weather conditions, sail plan and hours of engine operation.
i) To plan and to carry out the yacht’s itinerary in such a manner as to reach the port of call farthest away from the point at which the yacht must be
returned to the Owner (Turn- Around Point) within the first one third (1/3) of the charter period and that two days prior to the termination of the charter
the yacht’s port of call shall lie at a distance not greater than forty (40)N.M. from the point at which the yacht is to be returned to the owner.
k) To report by telephone or cable to the Owner at reasonable intervals the position and state of the yacht and of her passengers, as well as in the
event of any damage to the yacht.
l) To study and acquire a working knowledge of any printed matter pertaining the proper handling of the yacht and to the conditions in the cruising
area, which may be made available to him by the owner.
IT IS HEREBY FURTHER AGRRED by and between the parties hereto:
5.This agreement is entered into on the basis of the Charterer΄s competence in sailing, seamanship and navigation stated by him in writing and
in the event of any error, omission or misinterpretation in this respect being subsequently discovered, the owner shall be entitled to terminate this
Agreement forthwith and to retain the charter fees.
6.The owner (or his representatives) may require the Charterer and his crew to demonstrate their competence in handling and navigating the yacht
safely by actually operating the yacht at sea with the owner (or his representative aboard and should the Charterer and/ or his crew fail to satisfy
the owner in this respect, the owner may terminate this Agreement as stated in Clause 5 above or place aboard the yacht a seaman, if one acceptable
by both the owner and the Charterer, for as many days as the owner will consider necessary for the safety of the yacht and her passengers and any time required for this test of the Charterer’s competence and seamanship would be part of the agreed Charter period.
7.The delivery of the yacht to the Charterer will be made at the commencement of the charter period as designated in Clause 1. The time required
to demonstrate the yacht to the Charterer and to familiarize him with her should be part of the agreed charter time. The fees use of the yacht will be
granted to the Charterer after he has signed the take-over form.
8. Before signing the aforesaid form, the Charterer shall have the right to inspect the yacht, her gear and her inventory thoroughly to ascertain
that all are available in good working condition, except as may be noted thereon, but the signature of the take-over form by the Charterer shall be
deemed to imply acceptable of the yacht, which thereafter will be in the Charterer’s full, responsibility and the Charterer shall have no right to claim
in any loss of item or expense occasioned by any accident or breakdown or failure of any part of the yacht.
9. After take-over, expenditures for port-dues, water, fuels, oils and any other stores required, as well as the repair of any damage or failure that may
occur while the yacht is in the Charterer’s responsibility and which are not the result of normal and natural worn shall be made by the Charterer at his
expense, provided there has been previously obtained consent from the Owner of the technical suitability of repairs to be made. In the case of repairs
of damages or failures resulting clearly from normal and natural wear, the Charterer shall previously obtain the owner’s consent with regard to the cost
and technical suitability of these repairs and the Charterer shall collect the pertinent receipts against which he shall be refunded by the owner at the
end of the charter.
10. If any accident or damage is caused by the yacht, the Charterer shall request from the nearest port Authority to ascertain the damage or
accident and the circumstances in which it has been caused and to make a written record and statement about it and he shall notify the owner at the
the same time.
11. In the event of cancellation of the charter by the Charterer, for any reason except of as mentioned in Clause 3(c)(iii), after signing this Agreement,
all advance payments made up the date of cancellation will be retained by the owner, and the owner reserves the right to refund the said deposits
only if he succeeds in letting the yacht to another Charterer for the same period and under the same conditions. In the event that the Charterer
should elect to terminate the charter and deliver the yacht prior to the date designated in this Agreement, the owner shall not be liable to the return of
any proportional part of hire money.
12. Should the yacht become an actual or constructive total loss before or during the charter period, this Agreement shall be deemed to be at an
end the Charterer shall recover from the owner all charter monies paid in advance to the owner only in case the loss has occurred before the charter
period, or during the charter period, provided that the Charterer or his crew were not responsible for the loss.
13. The special provision, if any, set out in the Schedule hereto are fully accepted and form part of this Agreement.
14. The Agents of the owner Messrs act in good faith on behalf of both owner and Charterer but contract as Agents only and in no way pertinent
legislation of Hellas either party, except for the responsibilities provided by the pertinent legislation of Hellas.
15. In the event of any dispute arising between the parties hereto with respect to this Agreement or anything herein contained the same shall be
referred to two Arbitrators in Hellas one to be appointed by each party, whose decision shall be final or to an Umpire to be appointed by such
Arbitrators, if and when they shall disagree, the decision in such event of the Umpire to be final.