Commencement and termination of the charter Sample Clauses

Commencement and termination of the charter. The OWNER agrees to charter the vessel, and the CHARTERER agrees to lease the aforementioned motorboat (hereinafter referred to as “the Vessel”) for the period specified above and in return for the charter fee also specified above in Section A (GENERAL CHARTER DETAILS), which is payable in advance by the CHARTERER upon receipt of payment prior to delivery of the Vessel. The OWNER undertakes not to enter into any other charter agreement for the Vessel for the same period.