| GENERAL CHARTER CONDITIONS
 Charter fee and payment
                        conditionsThe charter fee includes charter of a yacht with its equipment
                        and full insurance for the yacht and crew during the charter
                        period. Harbour dues out of domicile marina, fuel expenses,
                        skipper, hostess and other extra services are not included
                        in the charter fee.
 The chartered yacht with complete equipment can be used
                        only after the payment was regularly settled:
 · 30-50% of the charter fee (down payment) upon booking
 · 50-70% of the charter fee four weeks before commencement
                        of the charter.
 In order that the booking becomes final, the Charterer
                        undertakes to pay down payment on account of Charteree
                        within the time period of 5 days since Charter Contract
                        or invoice is sent to the Charterer.
 The charter fee includes the usage of the yacht during
                        charter period. In starting marina Charterer will pay
                        for all extra requested services (skipper, hostess, transport,
                        jet-ski, windsurf, etc.), transit log and final cleaning.
 Security depositThe security deposit has to be made in starting marina
                        by the Charterer when taking over of the yacht. Security
                        deposit can be made in cash, cheques or credit cards.
                        The security deposit shall be refunded in its full amount
                        unless the existence of damage or a defect on the yacht
                        or the equipment is found during the takeover of the yacht,
                        and unless there are no claims field or announced regarding
                        the Charterer by third persons, that are connected to
                        the usage of the yacht.
 In case of loss of or damage on the equipment, particular
                        parts of the yacht or the yacht itself, Charteree shall
                        retain the amount (a part or the whole deposit), which
                        corresponds to the value of repair, acquisition and /
                        or purchasing the equipment or particular part of the
                        yacht.
 In case the caused damage has the consequence that yacht
                        cannot be further chartered, Charteree has the right to
                        retain the amount corresponding to the loss of profit.
 
 Charteree obligation
 The Charteree is obligated to hand-over at Charterer's
                        disposal completely equipped, faultless, clean and dry
                        yacht with full fuel and water tanks in the agreed time
                        and place with all valid documents of the yacht needed
                        for rental.
 If there is any reason that Charteree didn't fulfil above-mentioned
                        conditions Charterer has right to ask for money refund,
                        for the days he has not been using the yacht. Also if
                        the Charteree cannot place the yacht at disposal at the
                        agreed place 4 hours after the expiry of the time period
                        for the takeover, or provide another, at least identical
                        or better characteristics, the Charterer has to right
                        to give up the contract and demand the total amount of
                        the charter fee or demand the amount for as many days
                        as he could have not disposed of the yacht.
 The Charterer could demand only the amount of the charter
                        fee; any other rights to indemnification are excluded.
 In case of damage or defect on the yacht or its equipment
                        caused by the normal natural yacht consumption the Charterer
                        is obligated to inform the Charteree immediately. The
                        Charteree is obligated to remove the damage upon notification.
 If the Charteree removes the damage within 24 (twenty-four)
                        hours, the Charterer has no right to require any reimbursement.
 Takeover the yachtThe Charterer will take over the yacht in agreed time
                        and place. When taking over the yacht, the Charterer is
                        obliged to check and carefully examine the condition of
                        the yacht and its equipment according to the inventory
                        list.
 Any possible objections have to be made until the start
                        of navigation. The possible covered defects on the yacht
                        or its equipment, which couldn't be known to the Charterer
                        at the moment of takeover, as well as defects which could
                        arise after the takeover, do not give right to the Charterer
                        to reduce the charter fee.
 If the Charterer fails to takeover the yacht within 48
                        hours, the Charteree is authorized to give up the contract.
 The Charteree reserve the right not to hand over the yacht
                        if in the judgment of their representatives the Charterer
                        is not competent for any reason to operate the yacht,
                        or to give the instructions on the Charterer's expense.
 Charterer's obligation
                        After taking possession of the yacht, the Charterer shall
                        bear on his own account all coast of the daily berth in
                        the port, or in marina, coast of fuel, oil, water, cleaning
                        and all other necessities, as well as eliminating all
                        damages and defects, which can appear while the yacht
                        is under charterer's responsibility and which are not
                        results of normal natural yacht consumption, provided
                        the Charterer has previously reached an agreement with
                        Charteree regarding technical justifiability of the repairs
                        that are to be made.
 The Charterer is obliged to sail with in the Italian
                        territorial waters. For leaving Italian territorial water
                        the Charterer is obligated to ask the Charteree a special
                        permission and certificate.
 The Charterer undertakes to respect custom and other regulations
                        and rules, to take care of the yacht and its equipment
                        and navigate it carefully and according to the rules of
                        a good navigator and sail only during safe weather conditions
                        and good visibility.
 The Charterer, or skipper, declares undoubtedly that he
                        disposes of all necessary navigational skills and that
                        he possesses the valid license necessary for the navigation
                        at the open sea and the radiophone certificate, which
                        have to be presented to the Charteree.
 The Charterer undertakes and states that he shall not
                        sub charter the yacht or rented it to the third person,
                        that he shall not participate in regattas nor yacht races,
                        that he shall not use the yacht in commercial purposes,
                        professional or night fishing, sailing school or similar,
                        that he shall not operate the yacht under influence of
                        alcohol or narcotics, that he shall not be involved in
                        towing of another yacht, that he shall not violate the
                        public rules, orders and laws that he shall not sail at
                        night by unsafe weather.
 Number of persons aboard is to correspond to the crew
                        list. The Charterer assumes the responsibility for the
                        consequences of non-observance to his obligations.
 In case of accident or damage the yacht or its equipment
                        during the trip, the Charterer is obliged to inform the
                        Charteree without deferral. The telephone numbers, which
                        can be used for notifying the Charteree, are shown in
                        the yacht documents.
 The Charterer is obliged to notify the Charteree and the
                        authorities in case the yacht or equipment is missing,
                        if the further navigation is not possible or in case yacht
                        was dispossessed of, prized or if further navigation was
                        prohibited by state authorities or third parties. If the
                        Charterer fails to hold on his obligations he is considered
                        fully responsible for all the consequences for the Charteree
                        and he guarantees for them.
 The keeping of pets (dogs, cats, birds and similar) on
                        the yacht is not allowed, unless a previous agreement
                        was reached in that regard.
 The Charterer is obliged to check daily oil level in the
                        engine and take care of sails because they are not insured.
 Charterer's liabilityFor the damage caused by actions and failure of the Charterer
                        for which Charteree is liable to the third party the Charterer
                        is obligated to settle the damages to Charteree in their
                        entirety, whether it is the case of material and / or
                        legal expenses that resulted from such actions and failures.
 The Charterer is explicitly liable for the yacht in case
                        any official body confiscates it, due to inappropriate
                        and illegal actions undertaken during the usage of the
                        yacht within the period for period, which it was chartered.
 Charterer is obliged to pay all charges for failures made
                        himself, for which Charteree has criminal and financial
                        responsibility. Charterer is responsible for yacht taking
                        away by foreign state authorities because of illegal actions.
                        In the case of damage or accident Charterer is obliged
                        to write down a suitable report and to inform authorised
                        bodies (harbour headquarters, police, doctors) and the
                        Charteree in case of disappearance of the yacht, impossibility
                        of operating the yacht, as well in case of state organs
                        or third persons sizing or confiscating the yacht or imposing
                        measures of sailing prohibition.
 The Charterer shall not leave the port or the anchorage
                        until the damage is eliminated from any vital part of
                        the yacht, such as motor, set of sails, ropes, bilge pump(s),
                        anchor winch, navigation lights, mariner's compass, safety
                        equipment and similar or if any of the mentioned devices
                        is not in working order.
 The Charterer shall not leave the port or the anchorage
                        without sufficient fuel supply and when weather conditions
                        or condition of the yacht or his crew are unsafe or uncertain
                        in general.
 The return of the yacht
                        The Charterer is obliged to return the yacht in agreed
                        time and place tidied without the crew and their personal
                        luggage.
 In that time is including the physical take over lasting
                        for an hour. The yacht should be returned with full fuel
                        tank.
 If the disembarkation is not possible at the stated time
                        and place for any reason, the Charteree must be informed
                        in order to give further instructions. The Charterer bears
                        all the charges of the Charteree that result from the
                        overdue caused by bad weather.
 Therefore, it is recommended to return the yacht in the
                        marina the night before the Charter contract termination
                        date. If the returning of the yacht is later that stated
                        in this Charter contract, the Charterer shall settle:
 - for the delay up to three hours - one day rental fee
 - for the delay of more than three hours - triple daily
                        rental fee plus all other expenses.
 Delay can't be justified by bad weather conditions.
 The Charterer is obliged to report the founded defect
                        and damages, if any. The damages of the underwater part
                        are subject to the inspection of the yacht (its lifting)
                        for which the Charterer bears the expenses. The Charterer
                        is responsible to return the all documents of the yacht
                        (permit, registration, concession etc.) as well as other
                        supplements from the ship's papers file (list of harbour's
                        master's offices and similar). Until the moment yacht
                        is regularly checked out it is consider used by the Charterer.
 InsuranceThe insurance is determined by the terms defined by the
                        insurer with which yacht is insured. The yacht is insured
                        against third person damages and fully insured for all
                        the damages resulting from force majored up to the registered
                        amount of the value of the yachts for the risks according
                        to the insurance policy. The yacht crew is insured.
 The terms under which the yacht is insured form are integral
                        part of this Contract and shall be delivered to the Charterer
                        when taking over the yacht.
 In case of some bigger averages, as well as of those where
                        the other boats are involved, the Charterer is obliged
                        to report immediately the case to the authorized harbour-master's
                        office and record in a protocol (the course of events,
                        estimation of a damage) for the insurance company. The
                        Charterer is also obliged to report the Chareteree's office.
 The damage covered by insurance and in accordance with
                        insurance policy, which has not been reported to Charteree
                        without deferral, shall not be acknowledged.
 In case stated in the previous paragraph, the Charterer
                        is personally liable for all the damages as the result
                        of not reporting or late damage reporting
 If damage occurs during the cruise and Charterer is not
                        to be charged (due to normal exhaustion or in case of
                        overdraft of the guarantee sum) he must receive permission
                        (instruction), from the Charteree for an adequate repair.
 Insurance covers all the damages by franchise caused by
                        weather or from the other natural disasters, but not the
                        damages made on purpose. Charges for purpose made damages
                        are not limited by deposit; Charterer must pay all expenses
                        caused by damage made on purpose.
 The damages on the sails and on the engine caused by the
                        oil deficiency in the motor are not covered by insurance.
                        Charterer bears the charges for these damages.
 The personal belongings are not covered by the insurance.
 Conditions of cancellationIf the Charterer for any reason is unable to take the
                        possession of the yacht, he can, if previously agreed
                        with the Charteree, find another person who shall instead
                        of him undertake all rights and obligations deriving from
                        this Contract. If a substitution for the Charterer can
                        not be found Charteree shall retain:
 - 30% of the amount of charter fee for cancellation up
                        to 2 (two) months before the charter starting date
 - 50% of the amount of charter fee for cancellation up
                        to 1 (one) month before the charter starting date.
 - Total amount of the charter fee for cancellation within
                        the last month before the charter starting date.
 If cancellation is due to objective reasons (death of
                        family member, heavy injury, or other) the accepted deposit
                        shall not be paid back, but the Chartereer will give the
                        yacht to the Charterer at his disposal for another free
                        period of time or within another season.
 ComplaintsOnly written complaints, signed by both parties on the
                        occasion of return of the yacht will be taken into consideration.
 ArbitrationsAll the possible disagreements or disputes arising from/or
                        in connection with Charter party will be tried to settle
                        by peaceful agreement and consensually.
 Eventual cases, which cannot be solved peacefully, will
                        be under court's jurisdiction in the Charteree's residence.
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