Cancellation conditions: Personalized
In the event of cancellation of the charter by the Charterer, for any reason, except after signing this agreement, all advance payments made up to the date of cancellation will be retained by the owner and the owner reserves the right to refund the said deposits only if he succeeds in letting the yacht to another charter for the same period and under the same conditions. In the event that the Charterer should elect to terminate the charter and deliver the yacht prior to the date designated in this agreement, the owner shall not be liable to the return of any proportional part of the hire money.