Unknown Gideon - 1997

If, for any other reason, the Charterer cannot overtake the vessel and wishes to cancel the reservation, the Charterer could find another party to undertake all the duties and liabilities deriving from the present Agreement, instead. Should he not find such other party, the Owner/Lessor is entitled to keep:

- 50% charter rate in case of cancelling the Agreement, at the latest, 4 weeks before the charter date,

- full charter rate amount in case of cancelling the Agreement within 4 weeks before the charter date.