Common use of Final Voyage Clause in Contracts

Final Voyage. (a) If, when a payment of hire is due hereunder, Charterer reasonably expects to redeliver the Vessel before the next payment of hire would fall due, the hire to be paid shall be assessed on Charterer’s reasonable estimate of the time necessary to complete Charterer’s program up to Redelivery, and from which estimate Charterer may deduct amounts due or reasonably expected to become due for: (i) disbursements on Owner’s behalf or charges for Owner’s account pursuant to any provision hereof; and (ii) bunkers, LNG, and marine gas oil on board at Redelivery pursuant to Clause 18. Within ***** days after Redelivery any overpayment shall be refunded by Owner or any underpayment made good by Charterer. (b) If, at the time this Charter would otherwise expire or terminate in accordance with Clauses 5 and 6, the Vessel is on a ballast voyage to a port of redelivery or is upon a laden voyage, Charterer shall continue to have the use of the Vessel at the Execution version re Hull 1689 SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH FIVE ASTERISKS (*****). same rate and conditions as then in effect herein for as long as necessary to complete such ballast voyage, or to complete such laden voyage and return to a port of redelivery as provided by this Charter, as the case may be.

Final Voyage. (a) If, when a payment of hire Hire is due hereunderdue, Charterer reasonably expects to redeliver the Vessel before the next payment of hire Hire would fall due, the hire to be paid shall be assessed on Charterer’s reasonable estimate of the time necessary to complete Charterer’s program up to Redeliveryredelivery, and from which estimate Charterer may deduct amounts due or reasonably expected to become due for: (i) disbursements on Owner’s behalf or charges for Owner’s account pursuant to any provision hereofof this Time Charter Party; and (ii) bunkers, LNG, bunkers and marine gas oil LNG Heel on board at Redelivery redelivery, pursuant to Clause 18. Within ***** days after Redelivery any overpayment shall be refunded by Owner or any underpayment made good by Charterer8. (b) No later than thirty (30) Days after redelivery, Owners and Charterers shall reconcile the amount paid pursuant to Clause 23(a) with the amount that was actually owed. If Charterer has overpaid, Owner shall refund the difference to Charterer, and if Charterer has underpaid it shall pay the amount outstanding to Owner. (c) If, at the time this the Charter Period would otherwise expire or terminate end in accordance with Clauses 5 and 6, Clause 6 the Vessel is on a ballast voyage to a port of redelivery or is upon a laden voyage, Charterer shall continue to have the use of the Vessel at the Execution version re Hull 1689 SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH FIVE ASTERISKS (*****). same rate and conditions as then set out in effect herein this Time Charter Party for as long as necessary to complete such ballast voyage, or to complete such laden voyage and return to a port of redelivery as provided by this CharterTime Charter Party, as the case may bebe (“Final Voyage”). However, Charterer acknowledges that Owner may refuse orders where it is self evident that the Final Voyage cannot be completed within the Charter Period.

Final Voyage. (a) If, If when a payment of hire is due hereunder, Charterer Charterers reasonably expects to redeliver expect that Redelivery of the Vessel will take place before the next payment of hire after that one would fall due, then the hire to be paid payable shall be assessed on Charterer’s Charterers’ reasonable estimate of the time necessary to complete Charterer’s program Charterers’ programme up to Redelivery, and from which estimate Charterer may Charterers may, in addition to their deduction entitlements under Clause 37(c) (Hire Payment and Deductions), deduct amounts due due, or reasonably expected to become due due, for: (i) disbursements on Owner’s Owners’ behalf or charges for Owner’s Owners’ account pursuant to any provision hereofof this charter; and (ii) bunkers, LNG, bunkers and marine gas oil Heel on board at Redelivery pursuant to in accordance with Clause 18. Within ***** 22 (Quantity Determination of Bunkers and Heel). (b) Promptly, and in any event not later than 10 days after Redelivery Redelivery, any overpayment shall be refunded by Owner Owners or any underpayment made good by ChartererCharterers. (bc) If, Charterers shall not commence any final voyage which they cannot reasonably expect to complete within the maximum period of the charter. If however at the time this Charter charter would otherwise expire or terminate in accordance with Clauses 5 the Period stipulated in Part I of this charter, and 6any extension under Clause 34(d) and (e) (Off-Hire), the Vessel is on a ballast voyage to a port of redelivery Redelivery, or is upon a laden voyage, Charterer then Charterers shall continue to have the use of the Vessel at the Execution version re Hull 1689 SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH FIVE ASTERISKS (*****). same rate and conditions as then stated in effect herein this charter for as long as necessary to complete such ballast voyage, voyage or to complete such laden voyage and return to a port of redelivery Redelivery, as provided by this Chartercharter, as the case may be. This sub-clause (c) shall not in any way reduce Charterers’ obligations in respect of Redelivery of the Vessel within the agreed Period as stated in Part I of this charter.