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It is further agreed that Charterer shall not require said vessel to be in
operation for more than an average of tyenty»{20),daysper, month computed each
quarter during the term of the charter. By way of explanation, it is the
. intention that the crew of the’vessel shall not be required to operate satd
vessel more than twenty (20) days per month; however, it is understood that on
some occasions, trips of a long time will be required and thus, the total
number of days will be averaged out over each quarter.
ARTICLE VILLI
DISABILITY OF VESSEL .
In the event that the vessel shall be disabled, damaged, or delayed by breakdown
of machinery, fire, grounding, collision, or other cause not attributable to
the negligence of Charterer or its employees, then, in that event, the prorcta
daily charter rate computed on a monthly basis shall be immediately suspended
.until such time as the vessel again becomes available for Charterer's use.
Further, in the event that the vessel is lost or damaged, or otherwise disabled
and the disability is such that the vessel cannot be repaired within forty-five
(45) days following such disability, Charterer at its election may terminate
the charter forthwith.
ARTICLE IX
MAINTENANCE
Owner shall, at its own expense, maintain the vessel excluding special equipment
placed aboard by Charterer during the term of the charter.
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ARTICLE X
COSTS OF SURVEYS
The necessary survey prior to commencement of the charter shall be paid for by
Owner and the survey conducted upon the return of the vessel shall be paid by
Charterer, not to exceed $500.00 per survey.
ARTICLE XI
INSURANCE
Owner shall procure hull and protection indemnity insurance.
The amount of
the hull insurance shall. be designated by the Owner and the protection indemnity
insurance shall have limits of $1,000,000.00. Owner shall, in addition to the
above insurance, procure an umbrella policy for the Owner's and vessel's
protection in the amount of $1,000,000.00.
Charterer shall be solely responsible for any damage to Charterer's enuipment
provided the same is not ‘caused by reason of the negligence of Owner or Owner's
agents or employees.
.