Common use of Charter Agreements Clause in Contracts

Charter Agreements. 3.13 Immediately prior to the delivery date of New-Build 2, NBC shall enter into a "NewCo 2 Head Charterparty" with NewCo 2 pursuant to which NBC shall charter from NewCo 2 the New-Build 2 for a period of five (5) years at the rate of USD 11,350 per day plus any NewCo 2 Profit Share Amount earned pursuant to the NewCo 2 Profit Sharing Addendum. Bulk Partners (Bermuda) Ltd. shall guarantee the full and timely performance by NBC of any and all of its obligations and liabilities under the NewCo 2 Head Charterparty. Notwithstanding the above principal terms, as well as, the terms of the NewCo 2 Profit Sharing Addendum mentioned in clause 3.15 herein, the NewCo 2 Head Charterparty shall have the same content, form and aspects with the BN Odyssey Head Charterparty.

Charter Agreements. 3.13 3.10 Immediately prior to the delivery date of New-Build 21, NBC shall enter into a "NewCo 2 1 Head Charterparty" with NewCo 2 1 pursuant to which NBC shall charter from NewCo 2 1 the New-Build 2 1 for a period of five (5) years at the rate of USD 11,350 per day plus any NewCo 2 1 Profit Share Amount earned pursuant to the NewCo 2 1 Profit Sharing Addendum. Bulk Partners (Bermuda) Ltd. shall guarantee the full and timely performance by NBC of any and all of its obligations and liabilities under the NewCo 2 1 Head Charterparty. Notwithstanding the above principal terms, as well as, the terms of the NewCo 2 1 Profit Sharing Addendum mentioned in clause 3.15 3.12 herein, the NewCo 2 1 Head Charterparty shall have the same content, form and aspects with the BN Odyssey Head Charterparty.