White Pearl

Written by the charter company, in its own words and language. navi-gate is not a party to them.

ADVANCE PROVISIONING ALLOWANCE (A.P.A.): Charterer has requested for additional / extra provisions, services and supplies to be arranged on Charterer’s expense by Own er and / or Broker and / or Captain from third party suppliers in advance of Charterer’s arrival at yacht. To facilitate such arrangements and provisions, the Charterer shall remit for their charter expenses, in advance of the charter commencement date the above-mentioned amount via the Broker(s) as Advance Provisioning Allowance (A.P.A.), for Charterer’s expenses Operating Expenses The Charterer is liable to pay for all operating expenses pertinent to the charter for the entire charter party and the entire charter period. He or she can forward amounts pertinent to APA, to special requirements and the charterer’s expenses in general via the Broker or (upon embarkation and during the charter period) by cash payments to the Captain. The amount of A.P.A. stated herein is not the total amount of Charterer’s expenses – Charterer’s total expenses may by the end of the charter period be of lesser or greater amount in total than the A.P.A. Within reasonable time before the charter commencement date, APA shall be forwarded by Stakeholder to the Captain (or to ShipOwner for onward delivery to the Captain) so the latter can prepare for the charter as per Charterer’s preferences and requirements prior to embarkation. Having paid the APA as stipulated herein, the Charterer shall be advised by the Captain, at regular intervals, as to the disbursement of the APA and shall, if the balance remaining is deemed insufficient by the Captain in light of current expenditure, pay to the Captain such amount in cash so as to maintain an adequate credit balance throughout the charter period. Due to the itinerant nature of the Vessel’s schedule, the Charterer is responsible to at all times ensure sufficient cash liquidity for payment of all reasonably foreseeable expenditures and the capacity to wire additional funds to Stakeholder’s account. At the end of the charter period and prior to disembarkation the Captain shall present to the Charterer a detailed account of expenditure with as many supporting receipts as possible. Any credit balance of the APA will be returned to Charterer either by Captain, in cash and on spot or by wire transfer via the Stakeholder / Broker. In the event that, at the end of the charter period, there is an amount due for Charterer’s expenditures (APA debit balance) then this shall be settled by Charterer, by cash payment to the Captain prior to disembarkation. Extraordinary expenses such as special requirements or equipment, shoreside transport or excursions, equipment rental by third parties, tour guides and in general any expenses not customarily considered part of the vessel’s operating costs are payable by Charterer. Payment for such expenses may be required in advance through the Broker or by cash payment to Captain upon embarkation, notwithstanding the Charterer’s capacity to pay for them by making use of their APA. Payments for fuel -including the Fuel Tax - are to be made by the Shipowner. Yacht Insurance It is the Shipowner’s obligation to on its own expense insure the Vessel in fulfillment of requirements of Legislation for Pr ofessional Pleasure Yachts applicable during charter period. Payments to Owner All funds received by Broker against this Agreement shall be transferred immediately upon receipt to the Stakeholder in the currency of this agreement. Amounts pertinent to Charterer’s APA and to any additional expenses for Charterer’s special requirements are delivered to Cap tain (or to ShipOwner for onward delivery to the Captain) by Stakeholder within reasonable time in advance of the charter commencement date so as to make timely preparations in conformity with Charterer’s preferences and requirements prior to embarkation. Amount that equals to 50% of the Charter Freight in Total, less commissions retained in full by Brokers, is due and will be paid by Stakeholder to ShipOwner, once the vessel has set sail on charter commencement date or if during a weekend or bank holiday on the first working day after the date that the vessel set sail. Balance payment is due to ShipOwner and will be paid by Stakeholder on the next working day after the date that the charter has been completed, which cannot precede the charter period ending date.