Subject: MY. DIVIT- FULL FIRM OFFER FOR 3 CVCs
From: Chartering2 <[email-masked]>
To: "[email-masked]" <[email-masked]>
Cc: Chartering <[email-masked]>, Chartering1 <[email-masked]>, Chartering3 <[email-masked]>, Chartering2 <[email-masked]>
Date: Fri, 19 Jul 2024 16:50:36 +0000

Dear Sir,

Good evening,

We are pleased to provide the following  full firm offer for 3 CVC Voyages.

++++++++ TO BE KEPT STRICTLY PRIVATE AND CONFIDENTIAL +++++++++

==================================================================
MT DIVIT/ FULL FIRM OFFER FOR 3 CVCs
==================================================================

CHARTERER              : PLS ADVISE FULL STYLE DETAILS
REGISTERED OWNER       : RITIKA INC

                           THE TRUST COMPLEX,AJELTAKE ROAD,AJELTAKE ISLAND,MAJURO,

                           MH96960 REPUBLIC OF MARSHAL ISLAND.
TECHNICAL OPERATORS    : SEAMASTER HONG KONG LIMITED.

                            LEVEL 76, THE CENTER,99 QUEEN'S ROAD

                            CENTRAL HONG KONG CHINA
COMMERCIAL OPERATORS   : RITIKA INC

                           THE TRUST COMPLEX,AJELTAKE ROAD,AJELTAKE ISLAND,MAJURO,

                           MH96960 REPUBLIC OF MARSHAL ISLAND.

CP FORM                 : ASBATANKVOY

CP DATE                 : XX  JULY 2024

VESSEL                  : MT DIVIT(9194139)

                          SDWT   : 99,123.0 MT

                          SDRAFT : 213.483 M

                          BUILT  : 1999

                          FLAG   : SAO TOME & PRINCIPE

Q88 - ATTACHED

LAST 3 CARGOES (ALL GRADES): HFO / 2ND LAST HFO  / 3RD LAST HFO

ITINERARY:

VESSEL CURRENTLY AT PG

FOR 3 CVCs:

===========

CARGO/GRADE(S)     : 1-2 GRADES DPP
   UPTO FULL VESSEL SAFE CAPACITY, IN CHOPT, AWVNS

LOAD PORT          : 1SP/1SB KHARG ISLAND

DISCHARGE          : 1SP/1SB QESHM ISLAND

FREIGHT RATE       : USD 600,000 FOR 1:1 BSS (FREE DA BENDS BSS)

LAYCAN             : TBA

LAYTIME            : 96 HOURS SHINC

DEMURRAGE          : USD 40,000 PER DAY PRO RATED

COMMISSION         : 2.50% ADD.COMM TO BE DEDUCTED AT SOURCE ON FREIGHT/DEADFREIGHT/DEMURRAGE + 2.50% BROKERAGE COMMISSION ON FREIGHT / DEADFREIGHT /

   DEMURRAGE, TO BE PAID BY THE OWNERS.

- CHARTERERS AGENTS' BOTH ENDS AND NOMINATED BY CHARTERER.

- DAS AT LOADPORT AND DISPORT TO BE FOR CHARTERERS' ACCOUNT AND TO BE SETTLED DIRECTLY BY THEM.

- ANY STS COST AND TIME TO BE FOR CHARTERERS ACCOUNT AND TO BE SETTLED DIRECTLY BY THEM

FREIGHT / DEMURRAGE PAYMENT: FREIGHT TO BE PAID BBB

LOADPORT DEMURRAGE/ EST. DISPORT DEMURRAGE TO BE PAID BBB. IF ANY EXTRA AMOUNT RECEIVED BY OWNERS, OWNERS SHALL REIMBURSE THE EXTRA RECEIVED DEMURRAGE AMOUNT TO CHARTERERS WITHIN 2-3 BANKING DAYS.

CARGO HEATING EXPENSES IF ANY, AND AWRP IF ANY TO BE PAID ALONG WITH FREIGHT.

CONOCO WEATHER CLAUSE TO APPLY BUT NOT APPLIED IN STS AND SEAISLAND AND OPEN SEA WHARFS.

PAYMENT TERMS: IN AED

1 USD=3.6725 AED

==========================================================

                     T E R M S

==========================================================

DUES/TAXES/WHARFRAGE/WAY LEAVE CHARGES, ANY CARGO DUES, FREIGHT TAX AND CHARGES RELATED TO TERMINAL/PORT CHARGED BY PORT AUTHORITY TO
BE CHARTERERS ACCOUNT AND TO BE SETTLED BY THE CHARTERERS ONLY.

CHARTER PARTY:

ASBATANKVOY WITH CHTRS ADDITIONAL CLAUSES AS BELOW

OTHERS:

AED PAYMENT CLAUSE

===================

ALL PAYMENTS DUE TO THE OWNER UNDER THIS CHARTER PARTY SHALL ALWAYS BE IN AED CURRENCY. OWNERS TO PROVIDE CHARTERERS WITH A COPY OF THE FREIGHT AND/OR DEMURRAGE INVOICE IN AED CURRENCY. THE EXCHANGE RATE WILL BE 1USD = 3.6725 AED.

NO DEDUCTION WILL BE APPLIED FOR CASH PAYMENT.

CHARTERERS TO HAVE THE OPTION TO PAY FROM 3RD PARTY (FROM OTHER UAE ACCOUNT IN AED), ALWAYS SUBJECT TO OWNERS CLEARANCE/APPROVAL
AND SAME NOT TO BE WITHHELD UNREASONABLY. NOTED, BUT CHARTERERS HAVE TO COMPLY TO PROVIDE REQUIRED TRADE LICENSE/ ANY OTHER DOCS REQUESTED BY OUR BANK BEFORE 3-4 DAYS FROM THEIR REMITTANCE DATE.

DOCS WHICH ENDANGER CHARTERER TRADE CANNOT BE PROVIDED TO THE BANK, UNLESS IT IS APPROVED BY BOTH PARTIES SO AS BOTH
ACCOUNT TO BE PROTECTED- MINIMUM TRADE LICENSE TO BE GIVEN TO BANK, IF 3RD PARTY REMITTANCES ON BEHALF OF CHARTERERS

DEVIATION CLAUSE

===================

ANY DEVIATION FOR SHOWING LOADPORT AS OTHER THAN ACTUAL LOAD PORT FOR REDOCUMENTATION PURPOSES SHALL BE ON CHARTERERS ACCOUNT
AND ALL EXTRA BUNKERS CONSUMED AS COMPARED TO A DIRECT PASSAGE FROM LOADPORT TO DISPORT SHALL BE PAID BEFORE COMPLETION OF DISCHARGE AS PER MASTER STATEMENT, MUTUALLY AGREE BY CHTRS, ALSO EXTRA SAILING TIME CONSUMED SHALL BE PAYABLE AT DEMURRAGE RATE AS COMPARED
TO A DIRECT SAILING ROUTE TO BE PAID BEFORE COMPLETION OF DISCHARGE. IF VESSEL IS REQUIRED TO WAIT AT ANY PORT THEN ALL SUCH PORT COSTS SHALL BE DIRECTLY SETTLED BY CHARTERERS AND TIME CONSUMED TO COUNT AS LAYTIME/ALL BUNKER CONSUMED TO BE ON CHARTERS' A/C. ALL SUCH PAYMENT TO BE MADE TO OWNERS BEFORE COMMENCMENT OF DISCHARGE(BBB).

PLS NOTE VSL WILL NOT PERFORM ANY LOADING OR DISCHARGE IN OMAN - ONLY CARGO
SAMPLING WILL BE DONE (IF REQUIRED BY CHARTERERS) IN UAE PORT/OPL OR OMAN PORT/OPL AT CHARTERER'S EXPENSE. ALL TIME FROM VESSEL DROP ANCHOR AWAITING CHARTERER'S APPOINTED SURVEYOR UNTIL SURVEYOR DEPARTS FROM VESSEL AND VESSEL SAILS OFF, TIME SHALL COUNT AS LAYTIME OR DEMURRAGE ON CHARTERERS ACCOUNT IF LAYTIME ALREADY EXPIRED.

SPECIAL PROVISIONS

===================

CHTRS REQUIRE NN BL FOR CUSTOM PURPOSE WITH LOAD PORT AS IRAQ AND CARGO WILL BE DISCHARGED BASED ON LOI IN OWNERS PNI CLUB WORDINGS ON CHRTRS LETTERHEAD DULY SIGNED AND STAMPED. ALL COSTS & TIME RELATED TO SWITCHING OF DOCUMENTS TO BE FOR CHARTERERS ACCOUNT & TO BE SETTLED DIRECTLY BY THEM.

CHARTERERS WILL OBTAIN THE RESPECTIVE PORT CLEARANCE FOR THE SAME. THUS, THE VESSEL HAS TO DECLARE THE LAST PORT AS PER PORT CLEARANCE AT THE DISCHARGE PORT"

IN ORDER FOR B/L SWITCHING, CHTRS CAN INSTRUCT THE VSL TO WAIT AT A SUITABLE ANCHORAGE EN-ROUTE DISCHARGE PORT IN CHOPT WITHOUT DEVIATION.
ANY SUCH WAITING TIME SHALL COUNT AS LAY TIME AND ANY PORT COSTS, IF INCURRED, SHALL BE ON CHTR'S ACCOUNT, IF NEEDED OR REQUESTED BY THE CHARTERER ANY DEVIATION/TIME/BUNKER IN REGARDS TO SHOW FOR SWITCH DOCUMENT WILL BE ON CHARTERER'S ACCOUNT AND SAME TO BE PAID ALONG WITH FREIGHT BBB. LOI WORDING WILL BE BASED ON OWNER'S PNI CLUB WORDING WITHOUT BANK GUARANTEE, WHICH WILL BE PRINTED ON CHTR'S LETTER HEAD AND SIGNED
AND STAMPED BY CHTRS.

-    IF REQUIRED BY CHARTERERS, BILLS OF LADING TO BE MARKED "CLEAN ON BOARD" AND SAME TO BE SIGNED BY OWNERS ACCORDINGLY, "CLEAN" IN
THIS CONTEXT REFERS TO THE CONDITION OF THE DOCUMENTATION THAT IS A CLEAN BILL OF LADING WITHOUT CLAUSES OF BLEMISHES OR EXCEPTIONS UPON IT. "CLEAN" IN THIS CONTEXT DOES NOT REFER TO THE QUALITY/ OR CONDITION OF THE COMMODITY.

PAYMENT CLAUSE

===================

OWNER'S BANKING DETAILS: TBA

SPECIAL PROVISIONS

===================

-GA/ARB:
THE TERMS AND CONDITIONS OF THIS CONTRACT SHALL BE GOVERNED IN SINGAPORE BY ENGLISH LAW.

-Y/A RULES: REVISED IN 2016 TO APPLY AND ANY SUBSEQUENT AMENDMENT THERETO,.

-CONOCO WEATHER CLAUSE TO APPLY.

- BIMCO INFECTIOUS OR CONTAGIOUS DISEASE CLAUSE FOR VOYAGE CHARTER PARTY TO APPLY

- SWITCH BL CLAUSE: CHARTERER HAVE THE RIGHT TO SWITCH 2ND SET OF BL AGANIST THE 1ST SET OF BL
SURRENDED TO OWNER'S AGENT AT LOADING PORT WITH "CLEAN ON BOARD" AND "FREIGHT PAYABLE AS PER CHARTER PARTY". SWITCH BL NEED FINISH BEFORE VSL ARRIVAL DISCHARGE PORT.

- LOI DISCHARGE CLAUSE: IN THE EVEN BILL OF LADING NOT PRESENT AT DISCHARGE PORT WHEN VSL ARRIVAL, OWNER HAVE TO DISCHARGE AND RELEASE THE CARGO AGANIST CHARTERER'S LETTER OF INDEMNITY WITH OWNER'S P&I WORDING WITHOUT BANK GUARANTEE.

- IF REQUIRED BY CHARTERERS AFTER LOADING CARGO, VESSEL TO STAY AT OPL/SAFE ANCHORAGE TO GET PC AT ANCHORAGE. PDA AND TIME USED AT RELEVANT PORT WILL COUNT AS LAYTIME IN CHARTERER'S ACCOUNT.

- THIS FIXTURE TO BE KEPT STRICTLY PRIVATE AND CONFIDENTIAL AND NOT-REPORTABLE

- AS ABOVE IN SPECIAL PROVISIONS CLAUSE.

ANY INFORMATION (INCLUDING CHANGE OF DATES ,PORTS ,CARGO DESCRIPTION ,CONSIGNEE ,
NOTIFY) IF SWITCHED TO NEW INFORMATION WILL BE AGREED ALWAYS AFTER OWNERS APPROVAL AND AGAINST OWNERS LOI WORDING WHICH SHOULD BE PRINTED OUT ON CHARTERERS LETTERHEAD AND REVERT WITH SIGN AND STAMP. PORT
CHANGE AND SANCTIONED PARTIES CHANGE ON SWITCH SET IS MUST AND OWNERS AGREE FOR THAT.

FORCE MAJEURE CLAUSE

====================

NEITHER PARTY SHALL BE RESPONSIBLE OR LIABLE FOR DAMAGES TO OTHERWISE TO THE EXTENT THAT ITS ABILITY TO FULL-FILL ANY PROVISION
OF THIS CHARTER PARTY IS DELAYED, HINDERED OR PREVENTED BY, WITHOUT LIMITATION, ACT OF GOD, ,FIRE, EXPLOSION, STORM, FLOOD, WAR (DECLARED OR UNDERSTOOD), REBELLION, REVOLUTION, INVASION HOSTILITIES, MARTIAL LAW, RIOT, LABOUR DISPUTES OF ANY KIND, STRIKE, LOCKOUT OR INJUNCTION (WHETHER OR NOT SUCH LABOUR DISPUTE IS IN THE REASONABLE CONTROL OF SUCH PARTY), PERILS OF THE SEA OR ACCIDENT OF NAVIGATIONS, COMPLIANCE WITH ANY LAW, REGULATIONS OR ORDER IMPOSED BY ANY STATE OR LOCAL AUTHORITIES, BREAKDOWN OF ANY PLANT OF CHARTERER'S CUSTOMERS OR SUPPLIERS, SHUTDOWN OF ANY PLANT OF CHARTERER'S SHIPPERS OR RECEIVERS CAUSED BY GOVERNMENT ACTION OR INABILITY TO OBTAIN FUEL, POWER OR RAW MATERIALS, BREAKDOWN OF LOADING OR RECEIVING FACILITIES, EMBARGOES OR OTHER IMPORT OR EXPORT
RESTRICTIONS, CLOSING OF CANALS OR RIVERS, BLOCKAGE OF CANALS, RIVERS, PORTS OR WATERWAYS, ANY EVENT, MATTER OR THING WHEREVER OCCURRING AND WHETHER OR NOT OF THE SAME CLASS OR KIND AS THOSE SET FORTH BY THE EXERCISE OF DUE DILIGENCE THE PARTY CONCERNED IS
UNABLE TO OVERCOME, WHETHER OR NOT SUCH OCCURRENCE IS REASONABLY FORESEEABLE.

IN TRANSIT LOSS

===============

OWNER SHALL BE LIABLE FOR THE AMOUNT OF IN-TRANSIT LOSS IF TRANSIT LOSS EXCEEDS 0.3 PCT AND CHARTERERS SHALL HAVE THE RIGHT
TO CLAIM FROM THE OWNERS AN AMOUNT EQUAL TO THE FOB PORT OF LOADING VALUE OF SUCH LOST CARGO OF FREIGHT DUE WITH RESPECT THERETO. IN-TRANSIT LOSS IS DEFINED AS THE DIFFERENCE BETWEEN THE VESSEL'S GROSS STANDARD VOLUME AFTER LOADING AT THE LOADING PORTS AND
VESSEL'S GROSS STANDARD VOLUME BEFORE UNLOADING AT THE DISCHARGING PORTS

IN THE EVENT OF A MULTIPLE PORT DISCHARGE THE IN-TRANSIT LOSS DEFINITION ALSO INCLUDE THE DIFFERENCE BETWEEN THE VESSEL'S GROSS
STANDARD VOLUME AFTER DISCHARGING AT THE FIRST DISCHARGE PORT AND VESSEL'S GROSS STANDARD VOLUME UPON ARRIVAL AT THE SECOND DISCHARGE PORT.

GROSS STANDARD VOLUME (G.S.V.) IS DEFINED AS THE TOTAL VOLUME OF PETROLEUM LIQUIDS, EXCLUDING FREE WATER, CORRECTED BY THE
APPROPRIATE TEMPERATURE CORRECTION FACTOR FOR THE OBSERVED TEMPERATURE AND API GRAVITY, RELATIVE DENSITY, OR DENSITY TO A STANDARD TEMPERATURE SUCH AS 60 DEGREES F OR 15 DEGREES C. LIQUID REMAINING ON BOARD SHALL NOT CONSTITUTE AS AN ACTUAL LOSS.

THE TOTAL VOLUME OF ALL PETROLEUM LIQUIDS, SEDIMENT AND WATER CORRECTED BY THE APPROPRIATE VOLUME CORRECTION FACTOR SELECTED
FROM THE ASTM TABLE FOR THE OBSERVED TEMPERATURE AND AMERICAN PETROLEUM INSTITUTE (API) GRAVITY, RELATIVE DENSITY OR DENSITY TO A STANDARD TEMPERATURE. CARGO CALCULATIONS / CALCULATION METHOD MAY BE DIFFERENT FOR THE VARIOUS SUBSTANCES WHICH THE VESSEL WILL
CARRY BUT THEY MUST BE AS PER THE LATEST INDUSTRY PRACTICE.

STS/LIGHTERING CLAUSE

=====================

ALL TRANSFERS OF CARGO TO OR FROM TRANSFER VESSELS SHALL BE CARRIED OUT IN ACCORDANCE WITH THE RECOMMENDATIONS SET OUT IN THE LATEST EDITION OF THE "ICS/OCIMF SHIP TO SHIP TRANSFER GUIDE (PETROLEUM)". ANY UNBERTHING/REBERTHING DUE TO BAD WEATEHR AND/OR SEA CONDITIONS TO BE FOR CHARTERERS ACCOUNT, TIME TO COUNT IN FULL.OWNERS UNDERTAKE THAT THE VESSEL AND HER CREW SHALL COMPLY WITH SUCH RECOMMENDATIONS, AND SIMILARLY CHARTERERS UNDERTAKE THAT THE TRANSFER VESSEL AND HER CREW SHALL COMPLY WITH SUCH RECOMMENDATIONS. CHARTERERS SHALL PROVIDE AND PAY FOR ALL NECESSARY EQUIPMENT INCLUDING SUITABLE FENDERS AND CARGO HOSES AND MOORING MASTER. CHARTERERS SHALL HAVE THE RIGHT, AT THEIR EXPENSE, TO APPOINT SUPERVISORY PERSONNEL TO ATTEND ON BOARD THE VESSEL,
INCLUDING A MOORING MASTER, TO ASSIST IN SUCH TRANSFERS OF CARGO.

ALL TIME WILL COUNT IN FULL IF WEATHER PROHIBITS LOADING/DISCHARGING FOR STS OPERATIONS.EXPENSES TO BE FOR CHRTS ACCOUNT AND SETTLED DIRECTLY BY THEM.

CONOCO WEATHER CLAUSE TO APPLY FOR BERTH DISCHARGE - CHRTRS INTEND TO DO ONLY PORT DISCHARGE.

ALL SHIP-TO-SHIP TRANSFER OPERATIONS SHALL BE CONDUCTED IN ACCORDANCE WITH THE RECOMMENDATIONS SET OUT IN THE LATEST EDITION
OF THE ICS/OCIMF SHIP-TO-SHIP TRANSFER GUIDE (PETROLEUM). ALL COST, TIME AND NECESSARY PERMISSION FROM ALL AUTHORITY WILL BE ON CHARTERERS ACCOUNT AND SETTLED DIRECTLY. STS OPERATION SUBJECT TO RECEIVING VESSEL STS APPROVAL BY OWNER.

CONFIDENTIALITY CLAUSE

======================

-THIS FIXTURE TO BE KEPT STRICTLY PRIVATE AND CONFIDENTIAL AND NOT-REPORTABLE

CP ADMINISTRATION CLAUSE

========================

-THE AGREED TERMS AND CONDITIONS OF THIS CONTRACT SHALL BE RECORDED AND EVIDENCED BY THE PRODUCTION OF A FIXTURE RECAP SENT
TO BOTH CHARTERER AND OWNER ON THE DAY OF FIXTURE. UPON RECEIPT OF CLEAN FIXTURE RECAP, ANY AMENDMENTS/CORRECTIONS TO BE NOTIFIED WITHIN ONE WORKING DAY FOR AMENDMENTS IF REQUIRED, AND THE CLEAN FIXTURE RECAP IS DEEMED CLEAN COPY UPON AMENDED OR WITHOUT AMENDMENTS
REQUIRED. NO FORMAL WRITTEN AND SIGNED CHARTERPARTY WILL BE PRODUCED UNLESS SPECIFICALLY REQUESTED BY CHARTERER OR OWNER.

EX-/IMPORT PERMITS

========================

EXPORT AND/OR IMPORT PERMITS FOR CHARTERERS' CARGO TO BE AT CHARTERERS' RISK AND EXPENSE. CHARTERERS TO OBTAIN AND BE RESPONSIBLE
FOR ALL NECESSARY PERMITS RELATED TO CARGO OR OTHER TIME-CHARTERERS' RESPONSIBILITIES UNDER THIS CONTRACT TO ENTER AND/OR TRADE IN AND OUT OF ALL PORTS DURING THE CURRENCY OF THIS CHARTER AT THEIR OWN RISK AND EXPENSE.

B/L AND INDEMNITY CLAUSE

========================

CHARTERER HEREBY INDEMNIFIES OWNER AGAINST CLAIMS BROUGHT BY HOLDERS OF BILLS OF LADING AGAINST OWNER IN THE EVENT THAT AN
ORIGINAL BILL OF LADING IS NOT AVAILABLE FOR PRESENTATION TO THE MASTER AT DISCHARGE PORT AND/OR THE DISCHARGE PLACE TO WHICH CHARTERER HAS INSTRUCTED THE VESSEL TO PROCEED IS DIFFERENT FROM THAT CONTAINED IN THE BILL OF LADING, TO A CONSIGNEE NOMINATED BY
CHARTERER (HEREINAFTER CALLED "THE RECEIVER") PRESENTING REASONABLE IDENTIFICATION TO THE MASTER, IN CONSIDERATION OF THE FOLLOWING UNDERTAKINGS LOI AS PER OWNERS P AND I CLUB WORDING BY CHARTERER OR CHARTERERS TO INVOKE THIS CLAUSE ON EACH AND EVERY OCCASION.
THE LIABILITY OF EACH AND EVERY PERSON UNDER THIS INDEMNITY SHALL BE JOINT AND SEVERAL AND SHALL NOT BE CONDITIONAL UPON OWNER PROCEEDING FIRST AGAINST ANY PERSON, WHETHER OR NOT SUCH PERSON IS PARTY TO OR LIABLE UNDER THIS INDEMNITY; AND THIS INDEMNITY SHALL
BE CONSTRUED IN ACCORDANCE WITH US LAW AND EACH AND EVERY PERSON LIABLE UNDER THIS INDEMNITY SHALL AT OWNER'S REQUEST SHALL SUBMIT TO ARBITRATION IN THE CITY OF LONDON. OWNER AND CHARTERER AGREE THAT ANY REQUIREMENT CONTAINED IN THE ABOVE REFERENCED "LETTER
OF INDEMNITY" WORDING FOR A BANK GUARANTEE IS HEREBY WAIVED.

THE VOYAGE DOES NOT PASS THROUGH ANY WAR RISK AREA, ALL AWRP, BONSUS, ARMED GUARDS ON OWNERS ACCOUNT IF
APPLICABLE.

THE CHARTERERS SHALL FURNISH THE OWNER FROM TIME TO TIME WITH ALL REQUISITE INSTRUCTIONS INCLUDING SAILING DIRECTIONS, BERTHING,
LOADING, DISCHARGING IN WRITING, IN THE ENGLISH LANGUAGE. OWNERS / MASTER SHALL HAVE NO RESPONSIBILITY WHATSOEVER FOR ANY/ALL DISPUTES AND CONSEQUENCES THEREOF RESULTING FROM CHARTERER'S FAILURE TO PROVIDE TIMELY, NECESSARY INSTRUCTION TO OWNER IN WRITING
AND ALL LIABILITIES, CONSEQUENTIAL LOSSES INCLUDING COMMERCIAL LOSSES, DETENTION, EXTRA EXPENSES RESULTING FROM CHARTERER'S SUCH FAILURE SHALL REST WITH CHARTERERS IN ITS ENTIRETY.

- THE VSL SHOULD BE IN ALL ASPECTS READY LOAD THE NOMINATED BY THE CHARTERERS CARGO - INTENDED CARGO IS FUEL OIIL AS PER
CHARTERERS ADVICE

CARGO RETENTION CLAUSE :

=======================

IN THE EVENT THAT ANY CARGO REMAINS ON BOARD PROVIDED IS REACHABLE AND PUMPABLE BY VESSEL'S MEANS UPON COMPLETION OF DISCHARGE, CHARTERERS SHALL HAVE THE RIGHT TO CLAIM AN AMOUNT EQUAL TO THE FOB PORT OF LOADING VALUE OF SUCH CARGO WITH RESPECT THERETO, PROVIDED THAT THE VOLUME OF CARGO REMAINING ON BOARD AS DETERMINED BY AN INDEPENDENT SURVEYOR WHO IS TO BE APPOINTED JOINTLY BY THE PARTIES, ANY ACTION OR LACK OF ACTION WITH THIS PROVISION
SHALL BE WITHOUT PREJUDICE TO ANY RIGHTS OR OBLIGATIONS OF THE PARTIES. SUCH CLAIM TO BE MADE WITHIN 5 CALENDAR DAYS OF DATE OF INDEPENDENT SURVEYOR'S REPORT AND INCLUDE ALL SUPPORTING DOCUMENTS, OTHERWISE ALL RIGHTS TO SUCH CLAIMS ARE WAIVED.

ALL CHARGES OF INDEPENDENT SURVEYOR WILL BE ON OWNER'S ACCOUNT IF ROB CONFIRMED AFTER THIS INSPECTION.

NOTHWITSTANDING ANYTHING MENTIONED IN THIS CLAUSE, IN CASE CHARTERERS HAVE NOT EXCERCISED THEIR RIGHT OF JOINT INDEPENDENT INSPECTION AND SUBSEQUENTLY RECEIVED SHORT DELIVERY CLAIM FROM RECEIVERS DUE TO CARGO ROB, AT ANY TIME AFTER DISCHARGE, CHARTERERS HAVE THE RIGHT TO NOMINATE REQUEST THE JOINT APPOINTMENT OF ANOTHER INDEPENDENT SURVEYOR TO INSPECT VESSEL TANKS ANYTIME BEFORE NEXT LOADING WITHOUT HOWEVER CAUSING
ANY DELAY TO THE VESSEL'S SCHEDULE OR INTERFERING WITH THE VESSEL'S OPERATION, AND IF ANY ROB FOUND BY JOINT SURVEY, CHARTERER HAS RIGHT TO CLAIM AGAINST OWNERS AS PER THIS CLAUSE. SUCH CLAIM TO BE MADE WITHIN 5 CALENDAR DAYS OF DATE OF INDEPENDENT SURVEYOR'S
REPORT AND INCLUDE ALL SUPPORTING DOCUMENTS, OTHERWISE ALL RIGHTS TO SUCH CLAIMS ARE WAIVED.

HEAT:

=====

IF REQUESTED BY CHARTERERS, VESSEL TO MAINTAIN LOADED TEMPERATURE BUT MAXIMUM 135 DEG F, MAX LOADED TEMPERATURE 158 DEG F. (ALL HEAT COSTS TO BE FOR CHARTERER ACCOUNT)CHARTERERS HAVE OPTION TO REQUEST INCREASE IN CARGO TEMPERATURE AND TO MAINTAIN INCREASED CARGO TEMPERATURE UP TO MAXIMUM 135 DEG F, BUT EXTRA BUNKERS CONSUMED IN INCREASING CARGO TEMPERATURE, AND EXTRA BUNKERS REQUIRED TO MAINTAIN CARGO AT HIGHER TEMPERATURE THAN WHEN
LOADED SHALL BE PAID BY CHARTERERS. HEATING COSTS TO BE PAID AGAINST SUPPORTING DOCUMENTS AND FULLY DOCUMENTED CLAIM SIGNED AND STAMPED BY THE MASTER MAXIMUM LOADED TEMPERATURE NOT TO EXCEED 158 DEGREES FAHRENHEIT.

OWNERS' RIDER CLAUSES:

- SPEED : LADEN PASSAGE TO BE PERFORMED AT ABOUT 11-12 KNOTS WEATHER AND SAFE NAVIGATION PERMITTING.

- LAYTIME COUNTING TIME SHALL NOT COUNT AS LAYTIME OR DEMURRAGE WHEN SPENT OR LOST
ON SHIFTING FROM ANCHORAGE TO FIRST BERTH, IN HANDLING BALLAST WATER OR SLOPS AND DUE TO BREAKDOWN, DEFECT, REPAIRS OR OTHER CAUSE ATTRIBUTABLE TO VESSEL, MASTER, OFFICERS, CREW, OWNERS.

- MAX 3 HRS WAITING FOR CARGO DOCS/CLEARANCES ETC AT EACH PORT TO BE FOR OWNERS
ACCOUNT THEREAFTER AND TILL POB FOR CHRTRS ACCOUNT.

- COVID-19 CLAUSE :

A) ANY DELAY DUE TO COVID-19 OR RELATED MEASURES, INCLUDING VESSEL QUARANTINE AT ANY OF CHARTERERS
NOMINATED PORTS/BERTHS, TO COUNT AS 50% LAYTIME AND/OR 50% TIME ON DEMURRAGE. SAME ALSO TO APPLY WHERE VALID NOR HAS NOT BEEN TENDERED DUE TO DELAY IN OBTAINING FREE PRATIQUE (DUE TO ABOVE MEASURES AT THE LOAD/DISCHARGE PORT).

B) HOWEVER, IF VESSEL IS DELAYED DUE TO SYMPTOMS AND/OR SUSPECTED SYMPTOMS ON CREW MEMBERS AT THE
CHARTERERS NOMINATED PORT THEN ALL THE TIME WAITING NOT TO COUNT AS LAYTIME AND/OR TIME ON DEMURRAGE IF THE CREW AND/OR VESSEL IS DETAINED BECAUSE OF TESTING POSITIVE FOR THE CORONA VIRUS. IF RESULT OF TESTING IS NEGATIVE FOR CORONA VIRUS, THEN ALL THE TIME
WAITING TO COUNT AS 50% LAYTIME AND/OR 50% TIME ON DEMURRAGE.

C) IF THE CREW AND/OR VESSEL IS DETAINED AS A RESULT OF TESTING POSITIVE FOR THE COVID-19 VIRUS THEN
SUCH COSTS, EXPENSES SHALL BE OWNERS ACCOUNT.

D) SHOULD CHARTERERS NOMINATED PORT BE CLOSED DUE TO COVID-19 RELATED CAUSES, ALL TIME WAITING TO
COUNT AS 50% LAYTIME AND/OR 50% TIME ON DEMURRAGE

- EMBARGO ON TYPE OF CARGO:

ANY TIME AND OR EXPESES DUE TO DELAY, ARREST, DETENTION, BOYCOTT OF THE VESSEL OR OTHER INTERFERENCES
WITH THE VESSEL'S OPERATION AS A RESULT OF EMBARGO ON TYPE OF CARGO CARRIED AND OR NATURE OF DISCHARGE PORT TO BE FOR CHARTERER'S ACCOUNT AND TO BE SETLLE DIRECTLY BY CHARTERERS.

- NON PAYMENT CLAUSE:

OWNER TO FOLLOW CHARTERER COMMERCIAL INSTRUCTION AT LOAD AND DISCHARGE PORT HOWEVER IN CASE FUNDS
FOR FREIGHT AND DEMURRAGE NOT RECEIVED, OWNER HAS THE RIGHT NOT TO TAKE PILOT AT DISCHARGE PORT AND HOLD DISCHARGE OPERATION, TIME LOST WILL COUNT AS PER DEMURRAGE RATE UNTIL FUNDS HAVE BEEN SIGHTED AT OWNER'S DESIGNATED ACCOUNT

- CANCELLATION FEE CAUSE: IF CHARTERERS COULD NOT COMPLY WITH THE TERMS AND CONDITIONS OF CHARTER PARTY
DUE TO PROVIDE THE BERTH AND/OR CARGO FOR LOADING AND CANCEL THE CHARTERPARTY AFTER LIFTING THE SUBJECT, THE CHARTERERS WILL BE SUBJECT TO A CHARGE TO OWNERS SINCE LIFTING THE SUBJECT TIME TILL THE TIME OF CANCELLATION NOTICE BY CHARTERERS AND COUNT AS DEMURRAGE.

- WSTC 2024-T&C TO APPLY

- DELAY FOR CHARTERERS' PURPOSE CLAUSE:IF THE VESSEL IS PREVENTED FROM LEAVING THE PORT AFTER COMPLETION OF LOADING/DISCHARGING FOR MORE THAN THREE  (3) HOURS WAITING FOR CARGO PAPERS OR FOR ANY OTHER
REASON ATTRIBUTABLE TO CARGO BEING LOADED OR DISCHARGED INCLUDING BUT NOT LIMITED TO CONTROL AND/OR CLEARANCE BY CUSTOMS OR OTHER AUTHORITIES AND/OR ANY OTHER CHARTERERS' PURPOSES, THE CHARTERERS SHALL PAY THE OWNERS COMPENSATION IN AN AMOUNT EQUIVALENT TO
THE RATE OF DEMURRAGE STIPULATED IN THE CHARTER PARTY FOR ALL TIME AFTER COMPLETION OF LOADING/DISCHARGING UNTIL THE TERMINATION OF SUCH DELAY. ANY DEMURAGE PAYABLE APPLICABLE ONLY AFTER UTILIZATION OF ALL AGREED LAYTIME. THOUGH ALL TIMES AT LP AND DP TO RECORDED
AS ALWAYS.

- HYDROGEN SULPHIDE (H2S) CLAUSE:

HYDROGEN SULPHIDE (H2S) CAN BE ENCOUNTERED IN CRUDE OILS, FUEL OILS, NAPHTHA, BITUMENS AND GAS OIL.

IF THE NOMINATED DISCHARGE PORT HAS H2S RESTRICTION AND PURGING IS REQUIRED TO BRING H2S LEVEL IN CARGO TANKS WITHIN TERMINAL RESTRICTION, CHARTERERS ARE TO INFORM
OWNERS' IN ADVANCE DURING FIXING SUCH THAT OWNERS CAN ARRANGE FOR NECESSARY EQUIPMENT TO MEASURE H2S LEVEL IN VESSEL'S TANKS.

IN ADDITION, IF VESSEL IS NOT ALLOWED TO PURGE IN DISCHARGE PORT, THEN VESSEL IS ONLY REQUIRED TO PRESENT VESSEL WITH H2S LEVEL WITHIN TERMINAL REQUIREMENT UPON
TENDERING NOR AT CUSTOMARY LOCATION.

ALL COSTS FOR PURGING TO BE FOR CHARTERERS' ACCOUNT AND CLAIMED WITH SUPPORTING DOCUMENTS PROVIDED.

IN THE EVENT THAT OWNERS ARE NOTIFIED TOO LATE SUCH THAT H2S LEVEL COULD NOT BE REDUCED IN TIME UPON ARRIVAL AT DISCHARGE PORT, THEN ALL TIME WAITING FOR VESSEL
TO REDUCE H2S LEVEL TO TERMINAL REQUIREMENT TO BE FOR CHARTERERS ACCOUNT AT DEMURRAGE RATE.

IF DUE TO NATURE OF CARGO WHERE H2S IS HIGH THEN ALL PORT COST/TIME PERFORMING PURGING TO REDUCE H2S CONTENT WILL BE ON CHARTERERS ACCOUNT. DESPITE OUR PURGING
TO REDUCE THE PPM,IF PPM IS NOT REDUCED,CHARTERS HAVE TO NOMINATE STS MALAYSIA(NEARBY/CLOSEBY FSU UNIT LOCATION GIVEN) AS DISCHARGE PORT TO DISCHARGE THE LADEN CARGO.

NO ALTERNATIVE VESSEL WILL BE PROVIDED AS SAME VESSEL WILL  DISCHARGE HER LADEN CARGO.
IF DUE TO NATURE OF CARGO WHERE H2S IS HIGH THEN ALL PORT COST/TIME/BUNKER CONSUMPTION PERFORMING PURGING TO REDUCE H2S CONTENT WILL BE ON CHARTERERS ACCOUNT. DESPITE OUR PURGING TO REDUCE THE PPM,IF PPM IS NOT REDUCED,CHARTERS HAVE TO NOMINATE STS MALAYSIA(NEARBY/CLOSEBY
FSU UNIT LOCATION GIVEN) AS DISCHARGE PORT TO DISCHARGE THE LADEN CARGO.

   *  OWNERS WARRANT THAT THE VESSEL IS EQUIPPED WITH AN INERT GAS SYSTEM WHICH SHALL BE IN GOOD WORKING ORDER AND SHALL BE MAINTAINED
IN SUCH CONDITIONS DURING THE VOYAGE AND THE MASTER AND OFFICERS ARE FULLY COMPETENT TO OPERATE THE SAID SYSTEM.

   *  OWNERS WARRANT THAT THE VESSEL'S CLASSIFICATION STATUS IS CLEAN WITHOUT ANY CONDITIONS OF CLASS OR RECOMMENDATIONS PRESENT.

AIS INSTRUCTIONS: AS PER OWNERS' CONFIRMATION

--------------------------- ADDITIONAL TERMS -------------------

REST OF THE TERMS TO BE COMPLIED WITH ASBATANK VOYAGE CP

----------------------------------------------------------------

+++++ END OFFER +++++

Regards,

Karthik

Chartering Executive