Vessel Hire Agreement
If the full amount is not paid within the period set in the contract, the contract is terminated and the owner reserves the right to keep the amount already paid. In case of impossibility to sign the contract, this contract is considered to be concluded in advance by a tenant and both parties accept by the latter the provisions of the contract as well as the general conditions of the charter. The renter is responsible for damage caused by improper handling of the ship and its equipment. Each ship has Casco and mandatory insurance for passengers. Marine insurance is defined under the conditions set by the insurer insuring the vessel. Damage normally covered by the insurance policy, but which is not immediately reported to the insurer, is not recognized. .