Cancellation conditions: Personalized
Cancellation or Premature
Termination
In the event of cancellation of the charter by the Charterer, for any reason, except as mentioned in Clause 3
(c) (III), all 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, less any discounts, commissions or administrative costs, only if he
succeeds in letting the Yacht to another Charterer 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.
Total loss of Yacht 12. Should the Yacht become an actual or constructive total loss before or during the charter period, this
Agreement shall be deemed to be at an end and the Charterer shall recover from the Owner all charter money
paid in advance to the Owner only in case the loss has occurred before the charter period, or during the charter
period, provided that the Charterer or his crew were not responsible for the loss.