Common use of Charterer’s Right of Audit Clause in Contracts

Charterer’s Right of Audit. For the purposes of determining Auditable Costs, Charterer shall have the right to cause an internationally recognized firm of accountants appointed by Charterer at Charterer’s sole expense to audit the books of Owner, its Affiliates, Manager or any other person related to the operation of the Vessel (or any other books of original entry for financial activity related to the Vessel) from time to time but only to the extent such books are relevant to the Auditable Costs.