Cancellation conditions: Personalized
Cancellation 1. In the event of cancellation of the Charter by the Charterer, for any reason except as mentioned in Clause 3(c)(iii),
after signing this Agreement, the following applies:
- If canceled less than 6 weeks prior to the charter period, 100% of the Charter Freight is due
- If canceled between 6 and 12 weeks prior to the charter period, 50% of the Charter Freight is due
- If canceled more than 12 weeks prior to the charter period, 25% of the Charter Freight is due
The Owner can refund the said deposits if he succeeds in letting the Yacht to another Charterer for the same period
and under the same conditions.