Londand the Documentary Committee of The Japan Shipping Exchange Inc., Tokyo

1. Shipbroker	RECOMMENDED THE BALTIC AND INTERNATIONAL MARITIME CONFERENCE UNIFORM GENERAL CHARTER (AS REVISED 1922, 1976 and 1994) (To be used for trades for which no specially approved form is in force) CODE NAME: “GENCON” Part I
	2. Place and date
3. Owners / Place of business (Cl. 1)	4. Charterers / Place of business (Cl. 1)
5. Vessel’s name (Cl. 1)	6. GT/ NT (Cl. 1)
7. DWT all told on summer load line in metric tons (abt.) (Cl. 1)	8. Present position (Cl. 1)
9. Expected ready to load (abt.) (Cl. 1)
10. Loading port or place (Cl. 1)	11. Discharging port or place (Cl. 1)
12. Cargo (also state quantity and margin in Owners’ option, if agreed: if full and completed cargo not agreed state “ part cargo” (Cl. 1)
13.Freight rate (also state whether freight prepaid or payable on delivery) (Cl. 4)	14. Freight payment (state currency and method of payment: also beneficiary and bank account) (Cl. 4)
15. State if Vessel’s cargo gear shall not be used (Cl. 5)	16. Laytime (if separate laytime for load. and disch. is agreed, fill in a) and b). If total laytime for load. and disch. , fill in c) only) (Cl. 6)
17. Shippers/Place of business (Cl. 6)		a) Laytime for loading
18. Agents (loading) (Cl. 6)		b) Laytime for discharging
19. Agents (discharging) (Cl. 6)		c) Total laytime for loading and discharging
20. Demurrage rate and manner payable (loading and discharging) (Cl. 7)	21. Cancelling date (Cl. 9)
	22. General Average to be adjusted at (Cl. 12)
23. Freight Tax (state if for the Owners’ account (Cl. 13 (c))	24. Brokerage commission and to whom payable (Cl. 15)
25. Law and Arbitration (state 19 (a), 19 (b) or 19 (c) of Cl. 19; if 19 (c) agreed also state Place of Arbitration) (if not filled in 19 (a) shall apply (Cl. 19)
	(a) State maximum amount for small claim/shortened arbitration (Cl. 19)	26. Additional clauses covering special provisions, if agreed.

It is mutually agreed that this Contract shall be performed subject to the conditions contained in this Charter which shall include Part I as well as Part II.

In the event of a conflict of conditions, the provisions of Part I shall prevail over those of Part II to the extent of such conflict.

Signature (Owners)

Signature (Charterers)

1.	It is agreed between the party mentioned in Box 3 as the Owners of the Vessel		6.	Laytime
	named in Box 5, of the GT/NT indicated in Box 6 and carrying about the number			* (a) Separate laytime for loading and discharging
	of metric tons of deadweight capacity all told on summer loadline states in Box			The cargo shall be loaded within the number of running days/hours as
	7, now in position as stated in Box 8 and expected ready to load under this			indicated in Box 16, weather permitting, Sundays and holidays excepted,
	Charter Party about the date indicated in Box 9, and the party mentioned as the			unless used, in which event time actually used shall count.
	Charterers in Box 4 that:			The cargo shall be discharged within the number of running days/hours as
	The said Vessel shall, as soon as her prior commitments have been completed,			indicated in Box 16, weather permitting, Sundays and holidays excepted,
	proceed to the loading port(s) or place(s) stated in Box 10 or so near thereto as			unless used, in which event time used shall count.
	she may safely get and lie always afloat, and there load a full and complete			* (b) Total laytime for loading and discharging
	cargo (if shipment of deck cargo agreed same to be at Charterers’ risk and			The cargo shall be loaded and discharge within the number of total running
	responsibility) as stated in Box 12, which the Charterers being themselves to			days / hours as indicated in Box 16, weather permitting, Sundays and holidays
	ship, and being so loaded the Vessel shall proceed to the discharging port(s) or			excepted, unless used, in which event time actually used shall count.
	place(s) stated in Box 11 as ordered on signing Bill(s) of Lading, or so near			(c) Commencement of laytime (loading and discharging)
	thereto as she may safely get and lie always afloat, and there deliver the cargo.			Laytime for loading and discharging shall commence at 13.00 hours, if notice of
				readiness is given up to and including 12.00 hours, and at 6 hours next
2.	Owners’ Responsibility Clause			working day if notice given during office hours after 12.00 hours. Notice of
	The Owners are to be responsible for loss of or damage to the goods or for			readiness at loading port to be given to the Shippers named in Box 17 or if not
	delay in delivery of the goods only in case the loss, damage or delay has been			named, to the Charterers or their agents named in Box 18. Notice of readiness
	caused by personal want of due diligence on part of the Owners or their			at the discharging port to be given to the Receivers or, if not known, to the
	Manager to make the Vessel in all respects seaworthy and to secure that she is			Charterers or their agents named in Box 19.
	properly manned, equipped and supplied or by the personal act or default of			If the loading/discharging berth is not available on the Vessel’s arrival at or off
	the Owners or their Manager.			the port of loading/discharging, the Vessel shall be entitled to give notice of
	And the Owners are not responsible for loss, damage or delay arising from any			readiness within ordinary office hours on arrival there, whether in free pratique
	other cause whatsoever, even from the neglect or default of the Owners or crew			or not, whether customs cleared or not. Laytime or time on demurrage shall
	or some other person employed by the Owners on board or ashore for whose			then count as if she were in berth and in all respects ready for loading/
	acts they would, but for this clause, be responsible, or from unseaworthiness of			discharging provided that the Master warrants that she is in fact ready in all
	the Vessel on loading or commencement of the voyage or at any time			respects. Time used in moving from the place of waiting to the loading/
	whatsoever.			discharging berth shall not count as laytime.
				If, after inspection, the Vessel is found not to be ready in all respects to load/
3.	Deviation Clause			discharge time lost after the discovery thereof until the Vessel is again ready to
	The Vessel has liberty to call at any port or ports in any order, for any purpose,			load/discharge shall not count as laytime.
	to sail without pilots, to tow and/or assist Vessels in all situations, and also to			Time used before commencement of laytime shall count.
	deviate for the purpose of saving life and / or property.			* Indicate alternative (a) or (b) as agreed, in Box 16.
4.	Payment of Freight		7.	Demurrage
	(a) The freight at the rate stated in Box 13 shall be paid in cash calculated on the			Demurrage at the loading and discharging port is payable by the Charterers at
	intaken quantity of cargo.			the rate stated in Box 20 in the manner stated in Box 20 per day or pro rata for
	(b) Prepaid. If according to Box 13 freight is to be paid on shipment, it shall be			any part of a day. Demurrage shall fall due day by day and shall be payable
	deemed earned and non-returnable, Vessel and/or cargo lost or not lost.			upon receipt of the Owners’ invoice.
	Neither the Owners nor their agents shall be required to sign or endorse Bill(s) of			In the event the demurrage is not paid in accordance with the above, the
	Lading showing freight prepaid unless the freight due to the Owners has			Owners shall give the Charterers 96 running hours written notice to rectify the
	actually been paid.			failure. If the demurrage is not paid at the expiration of this time limit and if the
	(c) On delivery. If according to Box 13 freight, or part thereof, is payable at			Vessel is in or at the loading port, the Owners are entitled at any time to
	destination it shall not be deemed earned until the cargo is thus delivered.			terminate the Charter Party and claim damages for any losses caused thereby.
	Notwithstanding the provisions under (a), if freight or part thereof is payable on
	delivery of the cargo the Charterers shall have the option of paying the freight		8.	Lien Clause
	on delivered weight/quantity provided such option is declared before breaking			The Owners shall have a lien on the cargo for freight and all sub-freight payable in
	bulk and the weight/quantity can be ascertained by official weighing machine,			respect of the cargo, for freight, deadfreight, demurrage, claims for damages
	joint draft survey or tally.			and for all other amounts due under this Charter Party including costs of
	Cash for Vessel’s ordinary disbursements at the port of loading to be advanced			recovering same.
	by the Charterers, if required, at highest current rate of exchange, subject to
	two (2) per cent to cover insurance and other expenses.		9.	Cancelling Clause
				(a) Should the Vessel not be ready to load (whether in berth or not) on the
5.	Loading/Discharging Costs			cancelling date indicated in Box 21, the Charterers have the option of
	(a) Costs/Risks			cancelling this Charter Party.
	The cargo shall be brought into the holds, loaded, stowed and/or trimmed,			(b) Should the Owners anticipate that, despite the exercise of due diligence,
	tallied, lashed and/or secured and taken from the holds and discharged by the			the Vessel will not be ready to load by the cancelling date, they shall notify the
	Charterers, free of any risk, liability and expense whatsoever to the Owners.			Charterers thereof without delay stating the expected date of the Vessel’s
	The Charterers shall provide and lay all dunnage material as required for the			readiness to load and asking whether the Charterers will excercise their option
	proper stowage and protection of the cargo on board, the Owners allowing the			of cancelling the Charter Party, or agree to a new cancelling date.
	use of all dunnage available on board. The Charterers shall be responsible for			Such option must be declared by the Charterers within 48 running hours after
	and pay the cost of removing their dunnage after discharge of the cargo under			the receipt of the Owners’ notice. If the Charterers do not exercise their option
	this Charter Party and time to count until dunnage has been removed.			of cancelling, then this Charter Party is deemed to be amended such that
	(b) Cargo Handling Gear			the seventh day after the new readiness date stated in the Owners’ notification
	Unless the Vessel is gearless or unless it has been agreed between the parties			to the Charterers shall be the new cancelling date.
	that the Vessel’s gear shall not be used and stated as such in Box 15, the			The provisions of sub-clause (b) of this Clause shall operate only once, and in
	Owners shall throughout the duration of loading/discharging give free use of			case of the Vessel’s further delay, the Charterers shall have the option of
	the Vessel’s cargo handling gear and of sufficient motive power to operate all			cancelling the Charter Party as per sub-clause (a) of this Clause.
	such cargo handling gear. All such equipment to be in good working order.
	Unless caused by negligence of the stevedores, time lost by breakdown of the		10.	Bill(s) of Lading
	Vessel’s cargo handling gear or motive power – pro rata the total number of			Bill(s) of Lading shall be presented and signed by the Master as per the
	cranes/winches required at that time for the loading/discharging of cargo			“Congenbill” Bill(s) of Lading form, Edition 1994, without prejudice to this Charter
	under this Charter Party – shall not count as laytime or time on demurrage.			Party, or by the Owners’ agents provided written authority has been given by
	On request the Owners shall provide free of charge cranemen/winchmen from			the Owners to the agents, a copy of which is to be furnished to the Charterers. The
	the crew to operate the Vessel’s cargo handling gear, unless local regulations			Charterers shall indemnify the Owners against all consequences or liabilities
	prohibit this, in which latter event shore labourers shall be for the account of the			that may arise from the signing of Bill(s) of Lading as presented to the extent that
	Charterers. Cranemen/winchmen shall be under the Charterers’ risk and			the terms or contents of such Bill(s) of Lading impose or result in the imposition of
	responsibility and as stevedores to be deemed as their servants but shall			more onerous liabilities upon the Owners than those assumed by the Owners
	always work under the supervision of the Master.			under this Charter Party.
	(c) Stevedore Damage
	The Charterers shall be responsible for damage (beyond ordinary wear and		11.	Both-to-Blame Collision Clause
	tear) to any part of the Vessel caused by Stevedores. Such damage shall be			If the Vessel comes into collision with another vessel as a result of the
	notified as soon as reasonably possible by the Master to the Charterers or their			negligence of the other vessel and any act, neglect or default of the Master,
	agents and tot heir Stevedores, failing which the Charterers shall not be held			Mariner, Pilot or the servants of the Owners in the navigation or in the
	responsible. The Master shall endeavour to obtain the Stevedores’ written			management of the Vessel, the owners of the cargo carried hereunder will
	acknowledgement of liability.			indemnify the Owners against all loss or liability to the other or non-carrying
	The Charterers are obliged to repair any stevedore damage prior to completion			vessel or her owners in so far as such loss or liability represents loss of, or
	of the voyage, but must repair stevedore damage affecting the Vessel’s			damage to, or any claim whatsoever of the owners of said cargo, paid or
	seaworthiness or class before the Vessel sails from the port where such			payable by the other on non-carrying vessel or her owners to the owners of said
	damage was caused or found. All additional expenses incurred shall be for the			cargo and set-off, recouped or recovered by the other or non-carrying vessel
	account of the Charterers and any time lost shall be for the account of and shall			or her owners as part of their claim against the carrying Vessel or the Owners.
	be paid to the Owners by the Charterers at the demurrage rate.			The foregoing provisions shall also apply where the owners, operators or those
				in charge of any vessel or vessels or objects other than, or in addition to, the
				colliding vessels or objects are at fault in respect of a collision or contact.

12.	General Average and New Jason Clause			expose, or may be likely to expose, the Vessel, her cargo, crew or other
	General Average shall be adjusted in London unless otherwise agreed in Box			persons on board the Vessel to War Risks; provided always that if this
	22 according to York-Antwerp Rules 1994 and any subsequent modification			Contract of Carriage provides that loading or discharging is to take place
	thereof. Proprietors of cargo to pay the cargo’s share in the general expenses			within a range or ports, and at the port or ports nominated by the Charterers
	even if same have been necessitated through neglect or default of the Owners’			the Vessel, her cargo, crew, or other persons onboard the Vessel may be
	servants (see Clause 2).			exposed, or may be likely to be exposed, to War Risks, the Owners shall
	If General Average is to be adjusted in accordance with the law and practice of			first require the Charterers to nominate any other safe port which lies
	the United States of America, the following Clause shall apply: “In the event of			within the range for loading or discharging, and may only cancel this
	accident, danger, damage or disaster before or after the commencement of the			Contract of Carriage if the Charterers shall not have nominated such safe
	voyage, resulting from any cause whatsoever, whether due to negligence or			port or ports within 48 hours of receipt of notice of such requirement.
	not, for which, or for the consequence of which, the Owners are not		(3)	The Owners shall not be required to continue to load cargo for any voyage,
	responsible, by statute, contract or otherwise, the cargo shippers, consignees			or to sign Bill(s) of Lading for any port or place, or to proceed or continue on
	or the owners of the cargo shall contribute with the Owners in General Average			any voyage, or on any part thereof, or to proceed through any canal or
	to the payment of any sacrifices, losses or expenses of a General Average			waterway, or to proceed to or remain at any port or place whatsoever,
	nature that may be made or incurred and shall pay salvage and special charges			where it appears, either after the loading of the cargo commences, or at
	incurred in respect of the cargo. If a salving Vessel is owned or operated by the			any stage of the voyage thereafter before the discharge of the cargo is
	Owners, salvage shall be paid for as fully as if the said salving Vessel or Vessels			completed, that, in the reasonable judgement of the Master and/or the
	belonged to strangers. Such deposit as the Owners, or their agents, may deem			Owners, the Vessel, her cargo (or any part thereof), crew or other persons
	sufficient to cover the estimated contribution of the goods and any salvage and			on board the Vessel (or any one or more of them) may be, or are likely to be,
	special charges thereon shall, if required, be made by the cargo, shippers,			exposed to War Risks. If it should so appear, the Owners may by notice
	consignees of owners of the goods to the Owners before delivery.”			request the Charterers to nominate a safe port for the discharge of the
				cargo or any part thereof, and if within 48 hours of the receipt of such
13.	Taxes and Dues Clause			notice, the Charterers shall not have nominated such a port, the Owners
	(a) On Vessel – The Owners shall pay all dues, charges and taxes customarily			may discharge the cargo at any safe port of their choice (including the port
	levied on the Vessel, howsoever the amount thereof may be assessed.			of loading) in complete fulfilment of the Contract of Carriage. The Owners
	(b) On cargo – The Charterers shall pay all dues, charges, duties and taxes			shall be entitled to recover from the Charterers the extra expenses of such
	customarily levied on the cargo, howsoever the amount thereof may be			discharge and, if the discharge takes place at any port other than the
	assessed.			loading port, to receive the full freight as though the cargo had been
	(c) On freight – Unless otherwise agreed in Box 23, taxes levied on the freight			carried to the discharging port and if the extra distance exceeds 100 miles,
	shall be for the Charterers’ account.			to additional freight which shall be the same percentage of the freight
				contracted for as the percentage which the extra distance represents to
14.	Agency			the distance of the normal and customary route, the Owners having a lien
	In every case the Owners shall appoint his own Agent both at the port of			on the cargo for such expenses and freight.
	loading and the port of discharging.		(4)	If at any stage of the voyage after the loading of the cargo commences, it
				appears that, in the reasonable judgement of the Master and/or the
15.	Brokerage			Owners, the Vessel, her cargo, crew or other persons on board the Vessel
	A brokerage commission at the rate stated in Box 24 on the freight, deadfreight			may be, or are likely to be, exposed to War Risks on any part of the route
	and demurrage earned is due to the party mentioned in Box 24.			(including any canal or waterway) which is normally and customarily used
	In case of non-execution at least 1/3 of the brokerage on the estimated amount of			in a voyage of the nature contracted for, and there is another longer route
	freight to be paid by the party responsible for such non-execution to the			to the discharging port, the Owners shall give notice to the Charterers that
	Brokers as indemnity for the latter’s expenses and work. In case of more			this route will be taken. In this event the Owners shall be entitled, f the total
	voyages the amount of indemnity to be agreed.			extra distance exceeds 100 miles, to additional freight which shall be the
				same percentage of the freight contracted for as the percentage which the
16.	General Strike Clause			extra distance represents to the distance of the normal and customary
	(a) If there is a strike or lock-out affecting or preventing the actual loading of the			route.
	cargo, or any part of it, when Vessel is ready to proceed from her last port or		(5)	The Vessel shall have liberty:-
	at any time during the voyage to the port or ports of loading or after her arrival			(a) to comply with all orders, directions, recommendations or advise as to
	there, the Master or the Owners may ask Charterers to declare, that they			departure, arrival, routes, sailing in convoy, ports of call, stoppages
	agree to reckon the laydays as if there were no strike or lock-out. Unless the			destinations, discharge of cargo, delivery or in any way whatsoever which
	Charterers have given such declaration in writing (by telegram, if necessary)			are given by Government of the Nation under whose flag the Vessel
	within 24 hours, the Owners shall have the option of cancelling this Charter			sails, or other Government to whose laws the Owners area subject, or any
	Party. If part cargo has already been loaded, the Owners must proceed with			other Government which so required, or any body or group acting with the
	same, (freight payable on loaded quantity only) having liberty to complete with			power to compel compliance with their orders or directions;
	other cargo on the way for their own account.			(b) to comply with the orders, directions or recommendations of any war
	(b) If there is a strike or lock-out affecting or preventing the actual discharging			risks underwriters who have the authority to give the same under the terms
	of the cargo on or after Vessel’s arrival at or off port of discharge and same			of the war risks insurance;
	has not been settled within 48 hours, the Charterers shall have the option of			(c) to comply with terns of any resolution of the Security Council of the
	keeping the Vessel waiting until such strike or lock-out is at and end against			United Nations, any directives of the European Community, the effective
	paying half demurrage after expiration of the time provided for discharging			orders of any other Supranational body which has the right to issue and
	until the strike or lock-out terminates and thereafter full demurrage shall be			give the same, and with national laws aimed at enforcing the same to which the
	payable until the completion of discharging, or of ordering the Vessel to a safe			Owners are subject, and to obey the orders and directions of those who
	port where she can safely discharge without risk of being detained by strike or			are charged with their enforcement;
	lock-out. Such orders to be given within 48 hours after the Master or the			(d) to discharge at any other port any cargo or part thereof which may
	Owners have given notice to Charterers of the strike or lock-out affecting			render the Vessel liable to confiscation as a contraband carrier;
	the discharge. On delivery of the cargo at such port, all conditions of this			(e) to call at any other port to change the crew or any part thereof or other
	Charter Party and of the Bill(s) of Lading shall apply and Vessel shall receive			persons on board the Vessel there is reason to believe that they may
	the same freight as if she had discharged at the original port of destination,			be subject to internment, imprisonment of other sanction;
	except that if the distance of the substituted port exceeds 100 nautical miles,			(f) where cargo has not been loaded or has been discharged by the
	the freight on the cargo delivered at the substituted port to be increased in			Owners under any provisions of this Clause, to load other cargo for the
	proportion.			Owners’ own benefit and carry it to any other port or ports whatsoever,
	(c) Except for the obligations described above, neither the Charterers nor the			whether backwards or forwards or in a contrary direction to the ordinary or
	Owners shall be responsible for the consequences of any strikes or lock-outs			customary route.
	preventing or affecting the actual loading or discharging of the cargo.		(6)	If in compliance with any of the provision of sub-clauses (2) to (5) of this
				Clause anything is done or not done, such shall not be deemed to be a
17.	War Risks (“Voywar 1993”)			deviation, but shall be considered as due fulfilment of the Contract of
(1)	For the purpose of this Clause, the words:			Carriage.
	(a) The “Owners” shall include the shipowners, bareboat Charterers,
	disponent Owners, managers or other operators who are charged with the		18.	General Ice Clause
	management of the Vessel, and the Master; and			Port of loading
	(b) “War Risks” shall include any war (whether actual or threatened), act of			(a) In the event of the loading port being inaccessible by reason of ice when the
	war, civil war, hostilities, revolution, rebellion, civil commotion, warlike			Vessel is ready to proceed from her last port or at any time during the voyage or
	operations, the laying of mines (whether actual or reported), acts of piracy,			on Vessel’s arrival or incase frost sets in after Vessel’s arrival, the
	acts of terrorists, acts of hostility or malicious damage, blockades			Master for fear of being frozen in it at liberty to leave without cargo, and this
	(whether imposed against all Vessels or imposed selectively against			Charter Party shall be null and void.
	Vessels of certain flags or ownership, or against certain cargoes or crews			(b) If during loading the Master, for fear of Vessel being frozen in, deems it
	or otherwise howsoever), by any person, body, terrorist or political group,			advisable to leave, he has liberty to do so with what cargo he has on board and
	or the Government of any state whatsoever, which in the reasonable			to proceed to any other port or ports with option of completing cargo for the
	judgement of the Master and/or the Owners, may be dangerous or are			Owners’ benefit for any port or ports including port of discharging. Any part
	likely to be or to become dangerous to the Vessel, her cargo, crew or other			cargo thus loaded under this Charter Party to be forwarded to destination at the
	persons on board the Vessel.			Vessel’s expense but against payment of freight, provided that no extra
(2)	If at any time before the Vessel commences loading, it appears that, in the			expenses be thereby causes to the Charterers, freight being paid on quantity
	reasonable judgement of the Master and/or the Owners, performance of			delivered (in proportion if lumpsum), all other conditions as per this Charter Party.
	the Contract of Carriage, or any part of it, may expose, or is likely to expose,			Party.
	the Vessel, her cargo, crew or other persons on board the Vessel to War			(c) In case of more than one loading port, and if one or more of the ports are
	Risks, the Owners may give notice to the Charterers cancelling this			closed by ice, the Master or the Owners to be at liberty either to load the part
	Contract of Carriage , or may refuse to perform such part of it as may			cargo at the open port and fill up elsewhere for their own account as under
				section (b) or to declare the Charter Party null and void unless Charterers
				agree to load full cargo at the open port.

	Port of discharge
	(a) Should ice prevent Vessel from reaching port of discharge the
	Charterers shall have the option of keeping Vessel waiting until the re-
	opening of navigation and paying demurrage, or ordering the Vessel to a safe
	and immediately accessible port where she can safely discharge without risk of
	detention by ice. Such orders to be given within 48 hours after the Master or the
	Owners have given notice to Charterers of the impossibility of reaching port
	of destination.
	(b) If during discharging the Master for fear of Vessel being frozen in deems
	it advisable to leave, he has liberty to do so with what cargo he has on board and
	to proceed to the nearest accessible port where she can safely discharge.
	(c) On delivery of the cargo at such port, all conditions of the Bill(s) of Lading shall
	apply and Vessel shall receive the same freight as if she had discharged at
	the original port of destination, except that if the distance of the substituted port
	exceeds 100 nautical miles, the freight on the cargo delivered at the substituted
	port to be increased in proportion.
19.	Law and Arbitration
*	(a) This Charter Party shall be governed by and construed in accordance with
	English law and any dispute arising out of this Charter Party shall be referred to
	arbitration in London in accordance with the Arbitration Acts 1950 and 1979 or
	any statutory modification or re-enactment thereof for the time being in force.
	Unless the parties agree upon a sole arbitrator, one arbitrator shall be
	appointed by each party and the arbitrators so appointed shall appoint a third
	arbitrator, the decision of the three-man tribunal thus constituted or any two of
	them, shall be final. On the receipt by one party of the nomination in writing of
	the other party’s arbitrator, that party shall appoint their arbitrator within
	fourteen days, failing which the decision of the single arbitrator appointed shall
	be final.
	For disputes where the total claimed by either party does not exceed the
	amount stated in Box 25** the arbitration shall be conducted in accordance
	with the Small Claims Procedure of the London Maritime Arbitrators
	Association.
*	(b) This Charter Party shall be governed by and construed in accordance with
	Title 9 of the United States Code and the Maritime Law of the United States and
	should any dispute arise out of this Charter Party, the matter in dispute shall be
	referred to three persons at New York, one to be appointed by each of the
	parties hereto, and the third by the two so chosen; their decision or that of any
	two of them shall be final, and for purpose of enforcing any award, this
	agreement may be made a rule of the Court. The proceedings shall be
	conducted in accordance with the rules of the Society of Maritime Arbitrators,
	Inc..
	For disputes where the total amount claimed by either party does not exceed
	the amount stated in Box 25** the arbitration shall be conducted in accordance
	with the Shortened Arbitration Procedure of the Society of Maritime Arbitrators,
	Inc..
*	(c) Any dispute arising out of this Charter Party shall be referred to arbitration at
	the place indicated in Box 25, subject to the procedures applicable there. The
	laws of the place indicated in Box 25 shall govern this Charter Party.
	(d) If Box 25 in Part I is not filled in, sub-clause (a) of this Clause shall apply.
*	(a), (b) and (c) are alternatives; indicate alternative agreed in Box 25.
* *	Where no figure is supplied in Box 25 in Part i, this provision only shall be void but
	the other provisions of this Clause shall have full force and remain in effect.

Rider clauses to Carter party dated 12/08 2002 of MV Dmitriy Donskoy

Clause.26 Hire payment at rate USD 6 000.00 per day pro-rata less to be made to: JSC MURMANSK SHIPPING COMPANY.

First hire and next hire to be paid every 15 days. When payment is due Charterers are to send Owners a telex statement showing breakdown of hire and value date of remittance.

If Charterers make deductions from last hire remittance is respect of any anticipated Owners expenses incurred by Charterers agents, Charterers should advise owners by telex of a deyailid backup statement showing how the amount is arrived at.

Clause.27 Charterers have the right to withhold from charter hire during the period of this charter such amount due to them for non disputed off-hire including non disputed speed/performance claims and owners disbursements, but proper supporting vouchers to be sent to Owners promptly.

The timely and full payment of hire shell be a condition of of this Charter Party and owners shell be entitled to consider any default in payment as a repudiatorry breach of this Carter Party. Where there is a failure for any reason to make punctual and proper payment of hire the Charterers shell be given two banking days notice to rectify the failure and, if so rectified within those two days following Owners notice, the payment shell stand as punctual and proper. If, however, the Charterers fail to rectify their failure within two banking days the Owners shell have the continuing right to withdraw the vessel from the Charterers service at any time prior to the receipt of full payment of such hire, which right shell not be waived or lost by delay in its exercise and which right shell be without prejudice to ane rights the Owners may otherwise have under the charter.

Clause.28 Additionally to, hire, Charterers to pay USD 1 000 per month prorata to Master. Master/Crew.

Clause.29Charterers to inform administration of the ports of call that all disbursements accounts are to be presented/sent to Cherters name. All Masters requirements as to service or agency for vessel are to be given on behalf of Charters. Cash and other Owners expenses advances to be deducted from the hire.

Charterers undertake to obtain from all persons furnishing supplies, necessaries or services to the vessel during the currency of this charter a statement/certificate confirming :

(a) that the supplies, necessaries or services have been pre-paid of that the person furnishing the supplies, necessaries or services is relaying solely on the credit of the Charterers

(b) that any lien against the vessel is waived.

The vessel shell not be obliged to accept any supplies, necessaries or services ordered by the Charterers unless there is first delivered to the master or Chief Officer a suitably worded and executed written waiver of lien along the following lines, the vessel always remaining on hire and the Charterers undertaking to indemnify Owners against all and consequences of any delays, including but not limited to any liability anchored towards third parties.

Waiver wording:

The under signed hereby request that the (vessel name) accept (described supplies, necessaries, services) and in consideration of the vessel accepting such supplies, necessaries or services the undersigned hereby resents and warrants:

(1) that the aforesaid supplies, necessaries or services heave been furnished on the exclusive credit of the Charterers of the vessel and not on the credit of the vessel or her Owners;

(2) that the aforesaid supplies, necessaries or services have been fully paid for or suitable credit arrangements have been made with the Charterers of the vessel;

(3) that the undersigned claims no maritime lien or other tight on or other tight on or against the vessel or the Owners and any such claim, lien or right against the vessel in respect of such supplies, necessaries or services is irrevocably waived

(4) that the undersigned is and entitled to make, enter into and execute this statement on behalf of ( name of supplier )

Charters to provide Owners with full details (name tel.fax) of their bunker suppliers and Charterers shell instruct their bunker suppliers to keep Owners advised of any out standing monies due for bunkers delivered to vessel. Charterers hereby authorized Owners to contact bunker suppliers directly at any time in order to receive information regarding Charters debts, if any.

Clause.30Charterers tohave the option of loading deck cargo at there risk and expense but always at masters description in respect of vessels safety/

Shipments of dangerous goods, labeled and stowed according to IMO/MOPOG regulations, is to be agreed upon with the masters and approved by Owners.

Owners will inform Charters about all eventual changes which reflect to transport of dangerous immediately upon receiving of such facts.

Clause.31Charterers to ensure that bunkers supplied during the currency of this charter shall be compatible with those bunkers already on board the vessel. Charterers to supply intermediate Marin Gas Oil within ISO 8217:1996(E) designation DMA,except Sulfur which should be max – 0,5% and Cetane number which should be min-45. IFO 180 CST RME 25. Specification of bunkers to be given to Master/Chief Engineer for their acceptance prior to delivery.

Clause.32Upon fixing of vessel, the Owners or Master to give Charterers notice of delivery by telex.

Clause.33Trading limits : As per vessels class. A) Arabian gulf, B) Libya, C) Congo, E) Sierra Leone, F) Yemen, G) All war or war-like risk zones, H) Nigeria

Clause.34 Period of validity of the present Charter 2+2+8 months in Charterers option Charterers should officially declare their intention to continue the charter, 15 days prior to the expiration of each period. Failure to do so, will result in Owners right to withdraw the vessel at the end of the respective period.

Clause.35New Jason Clause, Both-to-Collision Clause, BIMCO Standard war Risks Clause for Time Charters 1993, General Paramount Clause, General Average Clause, BIMCO Stowaways Clause for the Time Charters to apply and form a part of this Charters Party and all Bills of Lading issued thereunder.

Clause.36 Any banks charges on the Owners territory to be for the Owners account, the seam on the Charterers territory to be for the Charterers account.

Clause.37 Description of vessel:

Appendix 3

Clause.38 Master to follow charterers instructions regarding regular reports and radio information. All expenses for vessels communications with Charterers and/or their agents and servants via vessels Inmarsat-C telex system and/or other radio stations will be reimbursed by Charterers with next hire payment after receipt of calls/telexes supported by copies of radio station bills.

Additional private phone calls; phone, fax, telex, with Owners; all other parties are not relate to Charterers should be paid by Owners.