TIME CHARTER ‘New York Produce Exchange Form ‘THIS CHARTER PARTY, made and concluded in Bremen on the 1 30” day of September 2014 2 Owners between BOCS Bremen Overseas Chartering and Shipping GmbH 3 and ms Sarah Friederich" Schifffahrtsgeselischaft mbH & Co. KG 4 owners of 5 Description the good multi-purpose Motorship WAF PASSION (prev. Safmarine Lualaba) 6 of of Sri Lanka of about 9.722 tons gross register, and 7 Vessel 4.382 tons net register, having engines of 7860 KW 8 and with hull, machinery and equipment in a thoroughly efficient 9 state, and classed GL + 100 A6 E, multipurpose dry cargo ship, 10 strengthened for heavy cargoes, equipped for carriage of containers, 11 SOLAS II-2 Reg. 19, BWW-F IW +MC E AUT, C-M PS of about 12 16.812 | 18.636 cubicmeter feet grain/bale capacity 13 and about 4 12.346 Jong/metric tons deadweight capacity fearge-and 15 ‘bunkers inliding fresh-water andl stores-netexcesding 16 Jengimettie-tene on a salt water draft of 8,20 meters 7 on summer 8 freeboard; inkisive-of permanent bunkers-which-ere-otthe capacity oFabout 19 Jongimetne-lors-of 20 tetchorbere 2 fongimettiotons-of and 22 capable of steaming fully laden, under good weather conditions up to Beaufort 23 Scale 4, Beugles- See State Seaie-+ about 24 13,2 = 13,5 knots on a consumption of about 16,0 ~ 17,0 tons + 4,8 tons aux 25 Jengémetric tons at 8,20 m draft basis clean/smooth bottom, even keel, deep 28 and currentiess water/sea, reefers excluded, wind-maxBeaufor-2andceanet 27 exceeding Douglas see-stale-2-any-eaioulatiens-shalltbe-based-onthe-enines 28 i a 29 (goed folth-bubwitheut guarantee Vessel to be maintained for this speed and 30 ‘consumation throughout the duration of this Charter Party. 31 32 Charterers BOCS Bremen Overseas Chartering and Shipping GmbH 33 end 34 35 Grarterencobthes 36 Duration ‘The Owners agree to let and the Charterers agree to hire the Vessel fromthe 37 time of delivery for a time charter period of 6 months +/- 25 days 38 within below mentioned trading limits. 39 ‘Sublet Charterers shall have liberty to sublet the vessel for all or any part of the 40 time covered by this Charter, but Charterers shalll remain responsible for the 41 fulfilment of this Charter, Acceptance of delivery by Charterers shallnot 42 constitute any waiver of Owner's obligations hereunder. 43 Delivery ‘The Vessel shall be placed at the disposal of the Charterers on dropping 44 last outward sea pilot Malabo between 1™ of October 2014 and 5" of, 45 October 2014 any time day night Sundays Holidays included 46 47 provided-in-Glause-6- Vessel on her delivery shall be ready to receive any 51 permissible cargo with clean swept holds and tight, staunch, strong and. 52 further all cargo compartments to be dry, free from rust flakes or scales, 53 free of odour and residues of previous cargoes and ready in all respects 54 page 1 of 21 - Charter Party mv WAF PASSION ~ dd 30.09.2014 Jfor the carriage of cargoes to the satisfaction of CharterersiShippers’ 55 ‘Surveyor, in case of any dispute an independent sworn surveyor to be 56 called in and his findings shall be binding for both parties. Costs of such 57 survey to be share equally. Failing which the vessel will be off hire until 58 accepted and all extra expenses incurred including port expenses and 59 stevedore standby time shall be for Owners account and in every way fitted 60 for ordinary cargo service, having water ballast and with sufficient powerto 61 ‘operate all cargo handling gear simultaneously (and with full complement of 62 officers and crew for a vessel of her tonnage), to be employed in carrying lawful 63 64 merchandise. Dangerous 6s Cargo 65 e7 68 69 Cargo 70 Exclusions Dangerous Cargo and Cargo Exclusions: as per Clause 62 nm 72 73 14 Trading ‘The vessel shall be employed world wide in lawtul trades with international 75 Limits Navigating Limits between safe ports, safe berths, safe anchorages, open 76 roadsteads and such places in West Africa where customarily logs are 77 loaded te-be-regercied-as-safe-ports and lies always safely affoat and we always accessible. Excluding as per Clause 63 79 80 at 82 as the Charterers or their agents shall direct, on the following conditions: 83 Owners 1. The Owners shall provid any pay for the insurance of the vessel and for 84 to all provisions, and drinking water, garbage removal costs (including cargo 85 Provide residues) shall be borne by Charterers unless garbage (including kitchen 88 waste, general garbage, engine room waste eto) is actually discharged from 87 the vessel, compulsory immigration, cabin, deck, engine-room orother 88 necessary stores, including 89 boiler water and lubricating oil; shall pay for wages, consular shipping and 90 discharging fees of the crew ad charges for port services pertaining tothe 91 crew, shall maintain vessel's class and keep her in a thoroughly efficient state 92 in hull, hold and deck machinery and equipment with all certificates for the 93 vessel and officers and crew necessary to comply with current 4 Fegulations including ISM Code Certification at all ports of call and canals 95 for and during the service. Compulsory car transport from vessel to gates not 96 charged to owners. 97 Charterers 2. The Charterers, while the vessel is on hire, shall provide and pay for all 98 to the fuel except as otherwise agreed, port charges and pilotage compulsory 99 Provide or not, but for non-compulsory pilotage only if same required for safe 100 manoeuvring, towages, agencies, commissions, consular charges (except 101 those pertaining to individual crew members or flag of the vessel), compulsory 102 wathomen, and all other usual expenses except those stated in Clause 1, but 103 when the vessel puts into a port for causes for which the vessel is responsible, then 104 all such charges incurred shall be paid by the Owners. Fumigation ordered 105 because of illness of the crew shall be for Owners’ account. Fumigations. 106 ordered because of cargoes carried or ports visited while vessel is employed 107 under this Charter shall be for Charterers' account. Aietherfemigetioneshalt 108 ‘be for Gharterers-accountafler the-vessel-hes-beeron-cherterfore-centinueus 109 period of six months or more. 110 Charterers shall provide necessary dunnage and shifting boards, also any = 111 extra fittings requisite for a special trade or unusual cargo, but Owners shall 112, allow them the use of any dunnage and shifting boards already aboard the 113 age 2 of 21 - Charter Parly mv WAF PASSION — dd 30.09.2014 aBunkers on Delivery see Clause 29 Rate of Hire Redelivery Areas and Notices Hire Payment and Commencement Advances: vessel, itany. 114 athe Ghartorers-on-delivery- andthe Owners-on-redelivery-chaltiake-ever 115 end pey-foraitfuctend-dieset siLremeining-on-beatthe-revectasherounder 116 The vessels shaltbe-delivercd-withe 117 JongimetriottessoFebeitabthe price oHastinveizeperion 118 tone-otdieceteiterthe pree-eHestinvelee 119 pertonaThewessebchallberedelvered with: 120 tons-o-fueloilatthe-priee-oflastinvelee-perton: 124 aang —— a ‘Same-tone-apphy-thvoughoutthie-clause} 423 4. The Charterers shat! nay for the use and hire of the vessel at the rate 124 et day pro rata, inoluding 125 ‘overtime, payable 15 days in advance deityror ce 128 ‘slotee_oh ——_—surnmer ressoate_poreatendenmont 128 ‘commencing on and from the day and time of her delivery as aforesaid, and at 130 and after the same rate for any part of day menth; hire shall continue until the 131 hour of the day of her redelivery based on GMT in like good order and 132 condition, ordinary wear and tear excepted, to the Owners (unless vessel lost) 133 et on dropping last outward sea North ContinentiGibraltar-UK- 134 Range, port in charterers' option, 135 1 137 Unless otherwise mutually agreed 138 ‘Charterers shall give Owners not less than 21/18/10 approximate days 139 Notice of vessel's expected date of redelivery and probable port and 6/3/1140 days definite notice of redelivery and port. wat 1 143 5, Payment of hire shall be made so as to be received by Owners ortheir 144. designated payee at: see Clause 61 145, in United States Currency, in funds available to the Owners onthe due date 148, every 16 days sermbmenthly in advance, and for the last 18 days haltmonth or 147 part of same the approximate amount of the hire, and should same not cover 148, the actual time, hire shall be paid for the balance day by day as itbecomers due, 149 Iso required by the Owners. Failing the punctual and regular peyment of this hire, 150 (fon any breach of this Charter, the Owners shall notify the Charterers in writing 154 of such failure. Within two banking days the Charterers shall pay the amount 152 due, failing which the Owners shall have the right to suspend the performance 163 of any or all of their obligations under this T/C and/or to withdraw the vessel. 154 Without prejudice to any claims they (the Owners) may otherwise have on the 155, Charterers. Throughout any period of suspended performance under this 188 Clause, the vessel is to be and shall remain on hire. The Charterers undertake to. 157 Indemnity the Owners in respect of any liabities incurred by the Owners under 158 the bill of lading, waybill or any other contract of carriage as a consequence of 159 the Owners proper suspension of and/or withdrawal from any.or all of their 160. obligations under this Charter Party, 161 FFime-chall-eount from 7-A-M-on-the-working-day following thaton- 162 Wwhioh-wiilen-netee-etreadiness-has-boen-givente-Gharorers-eriheiragents 163 bs i - 164 using she-vescetet-enee-in-which-ease-the-vessetmil-be-on-hire-fromine-com- 165 smencementetwore 168 167 Cash for vessel's ordinary distjursements at any port may be advanced, 168 as required by the Captain, by the Charterers or their agents and such 169 advances shall be deducted from the hire. The Charterers, however, shall inno 170 way be responsible for the application of such advances. m1 172 age 9 of 21 - Charter Party mv WAF PASSION — dd 30.00.2014Berths Spaces Available Prosecution of Voyages Bills of Lading Conduct of Captain ‘Supercargo and Meals Ventilation Continuation Laydays! Cancelling 6. Vessel shall be loaded and discharged in any safe dock or at any 173 safe berth/anchorage or safe place that Charterers or their agents may direct, 174 provided the vessel can safely lie always afloat at any time of tide, exceptat 175, such places where itis customary for similar size vessels to safely lie aground. 176 W7 7. The whole reach of the vessel's holds, decks/hatch covers, and 178 usual places of loading (not more than she can reasonably and safely stow and 179 carry), also accommodations for supercargo, if carried, shall be at the 180 Charterers’ disposal, reserving only poper and sufficient space for the ship's 181 officers, crew, tackle, apparel, furniture, stores and fuel. 182 8. The Capiain shall prosecute his voyages with due despatch, and shall 183 render all customary assistance with ship's crew and boats. The Captain 184 (although appointed by the Owners) shall be under the orders and directions of 185 the Charterers as regards employment and agency; and Charterers are to 186 perform all cargo handling at their risk and expense under the supervision ane 187 esponsibility of the Captain. 138 1 190 Bills of Lading: as per Clause 41 491 192 193 194 195 196 9, The Captain and the officers at least shall be conversant in 197 English. if the Charterers shall have reason to be dissatisfied with the conduct 198 of the Captain or officers, the Owners shall, on receiving particulars of the 199 comptaint, investigate the same, and, if necessary, make a change in the 200 appointments. 201 202 203 204 205 208 207 10. The Charterers are entitled to appoint a supercargo at their risk and 208 ‘expense, who shall accompany the vessel and see that voyages are 209 prosecuted with due despatch. He is to be furnished with free suitable 210 ‘accommodation as onboard and same fare as provided for Captain's table, 211 Gherterers-are-paying-al-the-tate-ef —per day ‘Owners shal vitual pilots and customs officers, and also, when authorized by 213 Charterers or their agents, shall victual tally clerks, stevedore’s foremen, etc. 214 Charterers are paying at the rate of see Clause 38 per meat for such 215 victualling. 216 11. The Charterers shall furnish the Captain from time to time with all 27 requisite instructions and sailing directions, in writing, and the Captain shall 218 keep full and correct deck and engine logs of the voyage or voyages in 219 English, which are to be patent to the Charterers or their agents, and furnish 220 the Charterers, their agents or superoargo, when required, with a true copy of 221 ‘such deck and engine logs, showing the course of the vessel, distance run and 222 the consumption of fuel. 223 12. The Captain shall use due diligence in caring for the ventilation of the 224 cargo. 225 further period of 27 228 14, Ifrequired by Charterers, time shall not commence before 1" of October 220 2014 and should vessel not have given written 230 notice of readiness on or before 5" of October 2014 but not 231 age 4 of 21 - Charter Party mv WAF PASSION — dd 90.09.2014 -later than 4 P.M., Charterers or their agents shall have the option of cancelling 232 this Charter at any time not later than the day of vessel's readiness. 233 of 15. In the event of the loss of time from deficiency and/or default of and/or 234 Hire ‘or sabotage by officers or crew or deficiency of stores, fre, breakdown 235, of, or damages to, hull, machinery or equipment, grounding, detention by 236 average accidents to ship or cargo unless resulting from inherent vice, quality 237 ‘or defect of the cargo, drydocking for the purpose of examination or painting 238 bottom, or by any other similar cause except as a result of default or 239 ‘omission of Chartorers, sub Charterers or their agents preventing the full 240 working of the vessel, the payment of hire and overtime, if any, shall cease for 241 the time thereby lost. Should the vessel deviate or put back during a voyage 242 contrary to the orders or directions of the Charterers, for any reason other than 243 accident to the cargo, the hire is to be suspended from the time of her 244 deviating or putting back until she is again in the same or equidistant position 245 from the destination and the voyage resumed there from. All fuel used by the 246 vessel while off hire shall be for Owriers' account as per last stem plus the 247 port charges, pilotages and other expenses incurred in the period the vessel is off hire. In the event of the vessel 248 being driven into port or to anchorage through the stress of weather, trading to 249 shallow harbors or to rivers or ports with bars, any detention of the vessel 250 and/or expenses resulting from suct detention, shall be for the Charterers 254 ‘account. If upon the voyage the speed be reduced by defect in, or breakdown 252, Of, any part of her hull, machinery of equipment, the time so lost, and the cost 253 cf any extra fuel consumed in consequence thereof as per last stem, and all 254 directly checked extra expenses shall be deducted from the hire. 255 Total 16. Should the vessel be lost, money paid in advance and not earned 256 Loss (reckoning from the date of loss or Being last heard of) shall be returned tothe 257 Charterers at once. ! 258 Exceptions ‘The act of God, enemies, fire, restraint of princes, rulers and people, 250 and all dangers and accidents of the seas, rivers, machinery, boilers and 260 steam navigation, and errors of navigation throughout this Charter, aways 264 mutually excepted f 262 i 263 264 i 265 266 Liberties ‘The vessel shall have the liberty to Sail with or without pilots, to tow and to 267 be towed, to assist vessels in distress, and to deviate for the purpose of 268 saving life and property. 269 Arbitration 417. Should any dispute arise between the Owners and the Charterers, the 270 matter in dispute shall be referred to Arbitration un Hamburg in accordance 271 with GMAA terms and conditions, proceedings to be held in EngHish German 272 Janguage thee-persons-atNew-Yerk-omte-be— 273 eppeinted by -caoh-of the parties herete-and-thethird- by thetwe-sechesen; 274 their desision-orthatoranytwe-eFthem-shal-be-fnebancfortne-pumpese-of 275 enforcing eny award thicagreementmay-bemedeeruieettheGeurt The 276 srbiratrs shall be eommarsiimenisonversertwih-shiping rears chipping 277 men/shipping lawyers. This Charter Party shall be governed and constructed in accordance with German law. 28 Liens 18. The Owners shail have a lien upon all cargoes and all sub-freights for 280 ‘any amounts due under this Charter, including general average contributions, 281 and the Charterers shall have a lien’on the ship for all monies paid in advance 282 and not eamed, any overpaid hire ot excess deposit to be retumed at once. 283 Charterers will not suffer, nor permit to be continued, any lien or encumbrance 284 incurred by them or their agents, which might have priority over the title and 285 interest of the Owners of the vessel, 286 Salvage 19. All derelicts and salvage shall be for Owners’ and Charterers' equal 287 benefit, after deducting Owners’ and Charterers’ expenses and crew's 288 proportion. 289 page 6 of 21 - Charter Party mv WAF PASSION — dd 20.09.2014 ( &General General Average shall be adjusted in Hamburg, according to York-Antwerp 290 Average Rules 291 1974 and any amendments thereto, at-sueh-pertor place-in-the-United-Gtates 292 esmaypeselecied bythe: 293 Gynots-end-as-to-matiors not-provided forsy- these Aules_ensordingtathe 994 fews-and-isege-etthe-porte-Newverkrinsuetradiustmentdisbursementsin 295 : : a 388 _provating-en the dates made-and cowancestordamagetscmgeciomedie 297 foreign eurreney chal-be-converted-atine rate preveling-onthetestdeyof 298. cicoharge-atthe-pert-or place-ef final disharge-of-suoh-damaged-eargefrom 209 Fequired:-by-the-Ownere-mustbe-furnished-befere-delivery-ofthe-geeds—Guek 301 the-pleos-of aajustmentin- the neame-ottheadiusiorpending-settementetthe 305 generataverage-end refines or oredit batenees Fenyrsheltbe padi United 309 Stetes-meney- Hire shall not contribute to General Average. 310 ‘York-Antwerp Charterers shall procure that all bills of lading issued during the currency of 311 Rules the Charter will contain a provision to the effect that general average shall be 312 adjusted according to York-Antwerp Rules 1974 and any amendments 313 thereto and will include the "New Jason Clause” as per Clause 23. 314 Drydocking In the event of drydocking or other necessary measures to maintain the 315 efficiency of the vessel, defteieney-ofmenorOwnersstores-breakdewnof 316 machinery-demage-te-hultor ether aecident-either continuing for more than 12 317 consecutive hours, no hire shall be paid in respect of any time lost thereby 318 during the period in which the vessel is unable to perform the service 319 immeciately required. Any hie pad in advance shall be adjusted accordingly | 320 oF Gherler-Owners-shalt- give-Gherterers-twe-epproximate-dates-avaiiablefer 322 dy-coatsi-mantacwradvense 323 324 325 326 327 Cargo 21. Owners shall maintain the cargo-handiing gear for the duration of this 328 Gear Charter Party in a thoroughly efficient condition working simultanoously at 329 the speeds and capacity of the ship which is as follows: see Clause 28 330 331 providing gear (for all derricks and cranes) capable of lifting capacity as de- 332 scribed. Owners shall also provide on the vessel for night work sufficient lights 333 to work all hatches simultaneously as on board, bttaltadltionaliightsover 334 ‘The Charterers shall have the 335 use of any gear including ropes, falls and blocks on board ofthe vessel. If 336 required by Charterers, the vessel shall work night and day and all cargo- 337 handling gear shall be at Charterers' disposal during loading and discharging. 338 In the event of disabled cargo-handling gear, or insufficient power to operate 339, the same, the vessel is to be considered after a time of one hour off hire to the 340 extent that time is actually lost to the Charterers and Owners to pay any 341 directly related extra expenses including stevedore stand-by charges 342 ‘occasioned thereby. If required by the Charterers, the Owners are to bear the 343 cost of hiring shore gear in lieu thereof in which case the vessel to remain on 344 hire, provided substitute shore equipment is capable of handling cargo at 345, least the same rate as vessel's cranes. If a breakdown on one crane 346 ‘occurs and the other cranes are continuing working only the realtime 347 behind the normal ETS which was announced latest during normal 348 ‘operation has to be considered as off hire. 349, page 6 of 21 - Charter Party mv WAF-PASSION — dd 30.09.2014 QsCrow ‘Overtime Clauses Paramount New Both-to- Blame Collision Clause New Jason Clause War 22. jnteuof any overtime payments to-otivers-and-orewterworltordered- by 350 Ghartorers-oF their agents -Gharerers- chal py Owners 351 permentorpre-rate 352 23. The following clause is to be included in all bills of lading issued 353 hereunder: 354 This bill of lading shall have effect subject to the provisions of the 355 Carriage of Goods by Sea Act of the United States, the Hague Rules, orthe 356 Hague Visby Rules, as applicable, or such other similar national legislation as 357 may mandatorily apply by virtue of origin or destination of the bills of ading 358 which shall be deemed to be incorporated herein and nothing herein contained 359 shall be deemed a surrender by the carrier of any of ts rights or immunities or 360 an increase of any of its responsiblities or liabilities under said applicable Act. If 361 any term of the bill of lading be repugnant to said applicable Actto any extent, 362 such term shall be void to that extent, but no further 363 ‘This Charter is subject to the following clauses all of which are to be 364 included in all bills of lading issued hereunder: 365 If the ship comes into collision with another ship as a result of the negligence 368 of the other ship and any act, neglect or default of the master mariner, pilotor 367 the servants of the carrier in the navigation or in the management of the ship, 358 the owners of the goods carried hereunder will indemnify the carrier against all 360 loss or liability to the other or non carrying ship or her owners insofar as such 370 loss or liability represents loss of, or damage to, or any claim whatsoever of the 371 ‘owners of said goods, paid or payable by the other or non carrying ship or her 372 ‘owners to the owners of said goods and set off, recouped or recovered by the 373 other or non carrying ship or her owners as part of their claim against the 374 carrying ship or cartier. 375 The foregoing provisions shall also apply where the owners, operators or 376 those in charge of any ships or objects other than, or in addition to, the colliding 377, ships or objects are at fault in respect to a collision or contact. 378 In the event of accident, danger, damage or disaster before or after 379 ‘commencement of the voyage resulting from any cause whatsoever, whether 380 due to negligence or not, for which, or for the consequences of which, the 381 carrier is not responsible, by statute, contract, or otherwise, the goods, 382 shippers, consignees, or owners of the goods shall contribute with the carrier in 383 general average to the payment of any sacrifices, losses orexpenses ofa 384. general average nature that may be made or incurred and shall pay salvage 385 land special charges incurred in respect of the goods. 386 if salving ship is owned or operated by the carrier, salvage shall be paid 387 for as fully as if salving ship or ships belonged to strangers. Such deposit as the 388 carrier or his agents may deem sufficient to cover the estimated contribution of 389 the goods and any salvage and special charges thereon shall, of required, be 390 made by the goods, shippers, consignees or owners of the goods to the carrier 391 before delivery. 392 War Risks (CONWARTIME 2004) 393 (2) For the purpose of this Clause, the words: 394 (i) "Owners" shall include the shipowners, bareboat charterers, disponent 395 ‘owners, managers, or other operators who are charged with the management 306 of the vessel, and the Master; and 397 398 (“War Risks" shall include any actual, threatened or reported: 399 war; act of war; civil war; hostilities; revolution; rebellion, civil commation; 400 warlike operations; laying of mines; acts of piracy; acts of terrorists; acts of 401 hostility or malicious damage; blockades (whether imposed against all 402 vessels or imposed selectively against vessels of certain flags or ownership 403 or against certain cargoes or crews or otherwise howsoever); by any person, 404 body, terrorist or political group, or the Government of any state whatsoever, 405 which, in the reasonable judgement of the Master andlor the Owners, may | 406 be dangerous or are likely to be or to become dangerous to the Vessel, her 407 ‘cargo, crew or other persons on board the Vessel. 408 age 7 of 21 - Charter Party mv WAF PASSION — dd 30.09.20141 \4{b) The Vessel, unless the written consent of the Owners be first obtained 410 shall not be ordered to or required to continue to or through, any port, place, 411 area or zone (whether of land or sea), or any waterway or canal, where it a2 appears that the Vessel, her cargo, crew or other persons on board the 413 Vessel, in the reasonable judgement of the Master and/or the Owners, may 414 be, or are likely to be, exposed to War Risks, Should the Vessel be within any 415 such place as aforesaid, which only becomes dangerous, oris likely tobe or 416 to become dangerous, after her entry into it, she shall be at liberty to leave it, 417 () The Vessel shall not be required to load contraband cargo, or to pass 418 throough any blockade, whether such blockade be imposed on all vessels, or 419 is imposed selectively in any way whatsoever against vessel of certain flags 420 ‘or ownership, or against certain cargoes or crews or otherwise howsoever, or 421 to proceed to an area where she shall be subject, or is lixely to be subject toa 422 belligerent's right of search and/or confiscation. 423 (@) () The Owners may effect war risks insurance in respect of the Hull and 425 Machinery of the Vessel and their other interests (including, but not limited to, 426 loss of earings and detention, the crew and their Protection and Indemnity 427. Risks), and the premiums and/or calls therefore shall be for their account. 428 (id) Ifthe Underwriters of such insurance should require payment of premiums 429 and/or calls because, pursuant to the Charterers’ orders, the Vessel is wi or is due to enter and remain within, or pass through any area or areas which 431 ate specified by such Underwriters as being subject to additional premiums 432 because of War Risks, then the actual premiums and/or calls paid shall be 433 reimbursed by the Charterers to the Owners at the same time asthe next 434 payment of hire is due, or upon redetivery, whichever occurs first. 435 (€) If the Owners become liable under the terms of employmentto pay tothe 437 crew any bonus or additional wages in respect of sailing into an area which is 438 dangerous in the manner defined by the said terms, then the actual bonus or 439 additional wages paid shall be reimbursed to the Owners by the Charterers at 440 the same time as the next payment of hire is due, or upon redelivery, a1 whichever occurs first. 442 443, (f) The Vessel shall have liberty: 444 (j) to comply with all orders, directions, recommendations or advise as to 445 departure, arrival, routes, sailing in convoy, ports of call, stoppages, 446 destinations, discharge of cargo, delivery, or in any other way whatsoever, 447 which are given by the Goverment of the Nation under whose flag the Vessel 448 sails, or other Government to whose laws the Owners are subject, or any 449 other Government, body or group whatsoever acting with the power to compel 450 compliance with their orders or directions; 451 452 (ii) to comply with the order, directions or recommendations of any war risks 453 underwriters who have the authority to give the same under the terms of the 454 war risks insurance; 455 456 ) to comply with the terms of any resolution of the Security Council ofthe 457. United Nations, the effective orders of any other Supranational body which 458 has the right to issue and give the same, and with national laws aimed at 459 enforcing the same to which the Owners are subject, and to obey the orders 480 and directions of those who are charged with their enforcement; 461 462 (iv) to discharge at any other port any cargo or part thereof which may render 483 the Vessel liable to confiscation as a contraband carrier, 484 465 (v) to call at any other port to change the crew or any part thereof or other 466 persons on board the Vessel when there is reason to believe that they may be 487 page 8 of 21 - Charter Party my WAF PASSION — dd 30.09.2014subject to internment, imprisonment or other sanctions. 468 469 (g) If in accordance with their rights under the foregoing provisions of this 470 Clause, the Owners shall refuse to proceed to the loading or disché 471 ports, or any one or more of them, they shall immediately inform the 472 ‘Charlerers. No cargo shall be discharged at any alternative port without first 473 giving Charterers notice of the Owners’ intention to do so and requesting 474 them to nominate a safe port for such discharge. Falling such nomination by 475 the Charterers within 48 hours of the receipt of such notice and request, the 476 ‘Owners may discharge the cargo at any sate port of their own choice. 477 (h) If in compliance with any of the provisions of sub-clauses (b) to (g) ofthis 479 ‘Clause anything Is done or not done, such shail not be deemed a deviation, 480 but shall be considered as due fulfilment of this Charter Party. 481 482 ico 24, General lee Clause 483 (a) The Vessel shall not be obliged to force ice but, subject to the Owners’ 484 approval having due regard to its size, construction and class, may follow ice- 485 breakers, 486 487 (b) The Vessel shall not be required to enter or remain in any icebound port or 488 area, nor any port or area where lights, lightships, markers or buoys have 489 been or are about to be withdrawn by reason of ice, nor where on account of 480 ice there is, in the Master's sole discretion, a risk that, in the ordinary course 491 of events, the Vessel will not be able safely to enter and remain at the portor 492 area or to depart after completion of loading and discharging. Ion account of 493 ice, the Master in his sole discretion considers it unsafe to proceed to, enter 494 ‘or remain at the place of loading or discharging for fear of the Vessel being 495. frozen in and/or damaged, he shall be at liberty to sail to the nearest ice-free 496 and safe place and there await the Charterers' instructions. 497 498 (c) Any delay or deviation caused by or resulting from ice shall be for the 499 Charterers’ account and the Vessel shall remain on hire. 500 501 (2) Any additional premiums and/or calls required by the Vessel’s underwriters 502 due to the Vessel entering or remaining in any icebound port or area, shall be 503, for the Charterers' account. 504 505 Navigation 25. Nothing herein stated is to be construed as a demise of the vessel to 506 the Time Charterers. The Owners shall remain responsible for the navigation 507 of the vessel, acts of pilots and tug boats, insurance, crew and all other 508 similar matters, same as when trading for their own account. 509 Commissions 26, A-commission-of ————pereentis-payable-by the 510 ‘vessetand-Owners-to-on-hire-camec-ancpeicunderthis-Gherter-encetse 511 wper-any-continualion-orextoncion-of-thie-Chartor 512 Address 27. Arreddress-eommicsion-ot ———pereentie peyablete-en-hire-eamed 513 end-paid-under-this-Charter- 514 515 Rider Rider Clauses 28 to 68 as attached hereto are incorporated into this Charter. 516 517 518 519 520 page 9 of 21 - Charter fe 3:shalt procure that this Clause shall be incorporated into all sub-charters and Bills jsusd pursuant to this Charter Party. 67. Bunker Fuel Testing ‘Owners have a contract with Viswan fuel testing program. The cost of USDollar 200,00 plus courier charges per analysis will be shared with Charterers basis 60 : 60. The analysis report is also to be shared betwoon Owners and Charterers. 68.P.&C Clause ‘The fixture is to be kept strictly private and confidential by all parties concerned. page 21 of 21 - Charter Party mv WAF PASSION ~ dd 30.09.2014 (\.