XXXXXXX 2009. Standard ship management agreement
XXXXXXX 2009. Standard ship management agreement shall be for the Owners' account Should the Vessel be within an area which becomes an excluded or additional premium area the above provisions relating to cost and delay shall apply;
XXXXXXX 2009. Standard ship management agreement SECTION 5— Legal, General and Duration of Agreement
XXXXXXX 2009. Standard ship management agreement accordingly. The award of a sole arbitrator shall be binding on both parties as if he had been appointed by agreement. Nothing herein shall prevent the parties agreeing in writing to vary these provisions to provide for the appointment of a sole arbitrator. In cases where neither the claim nor any counterclaim exceeds the sum of USD50,000 (or such other sum as the parties may agree) the arbitration shall be conducted in accordance with the LMAA Small Claims Procedure current at the time when the arbitration proceedings are commenced.
XXXXXXX 2009. Standard ship management agreement be entitled to incur the necessary expenditure to ensure that the Vessel will comply with all requirements and recommendations of the classification society, and with the law of the Flag State and of the places where the Vessel is required to trade;
XXXXXXX 2009. Standard ship management agreement The Managers shall throughout the period of this Agreement provide the following services:
XXXXXXX 2009. Standard ship management agreement costs, loss, damages and expenses (including legal costs and expenses on a full indemnity basis) which the Managers may suffer or incur (either directly or indirectly) in the course of the performance of this Agreement.
XXXXXXX 2009. Standard ship management agreement On giving reasonable notice, the Managers may request, and the Owners shall in a timely manner make available, all documentation, information and records reasonably required by the Managers to enable to perform the Management Services.
XXXXXXX 2009. Standard ship management agreement The arbitration shall be conducted in accordance with the London Maritime Arbitrators Association (LMAA) Terms current at the time when the arbitration proceedings are commenced. The reference shall be to three arbitrators. A party wishing to refer a dispute to arbitration shall appoint its arbitrator and send notice of such appointment in writing to the other party requiring the other party to appoint its own arbitrator within 14 calendar days of that notice and stating that it will appoint its arbitrator as sole arbitrator unless the other party appoints its own arbitrator and gives notice that it has done so within the 14 days specified. If the other party does not appoint its own arbitrator and give notice that it has done so within the 14 days specified, the party referring a dispute to arbitration may, without the requirement of any further prior notice to the other party, appoint its arbitrator as sole arbitrator and shall advise the other party accordingly. The award of a sole arbitrator shall be binding on both parties as if he had been appointed by agreement. Nothing herein shall prevent the parties agreeing in writing to vary these provisions to provide for the appointment of a sole arbitrator. In cases where neither the claim nor any counterclaim exceeds the sum of USD50,000 (or such other sum as the parties may agree) the arbitration shall be conducted in accordance with the LMAA Small Claims Procedure current at the time when the arbitration proceedings are commenced.
XXXXXXX 2009. Standard ship management agreement Agreement, the Managers shall not be liable for any acts or omissions of the Crew, even if such acts 336 or omissions are negligent, grossly negligent or wilful, except only to the extent that they are shown to 337 have resulted from a failure by the Managers to discharge their obligations under Clause 5(a) (Crew 338 Management), in which case their liability shall be limited in accordance with the terms of this Clause 339 17 (Responsibilities). 340 (c) Indemnity 341 Except to the extent and solely for the amount therein set out that the Managers would be liable under 342 Sub-clause 17(b), the Owners hereby undertake to keep the Managers and their employees, 343 agents and sub-contractors indemnified and to hold them harmless against all actions, proceedings, claims, 344 demands or liabilities whatsoever or howsoever arising which may be brought against them or incurred or 345 suffered by them arising out of or in connection with the performance of this Agreement, and against and in 346 respect of all costs, loss, damages and expenses (including legal costs and expenses on a full indemnity 347 basis) which the Managers may suffer or incur (either directly or indirectly) in the course of the performance 348 of this Agreement. 349
