Common use of Piracy Clause in Contracts

Piracy. Notwithstanding any other provision of this Charter, but subject to Clause 69(f) hereof, the Vessel, unless Owner consents, shall not be ordered to any place where in Owners' reasonable judgment the Vessel may be exposed to any threat of piracy whether such risk existed at time of signing charter or later ("High Risk Piracy Area"). If Owners give their consent to enter a High Risk Piracy Area: a. the Owner shall be entitled to take reasonable preventative measures to minimize the risk of piracy, including, deviating from the most direct route; waiting for and proceeding in convoy; avoiding day/night navigation; and adjusting speed/course and Charterers to ensure all Bills of Lading allow any and all such deviations; b. Charterers shall reimburse Owners for additional insurance premia including: hull (war); loss of hire (war) and kidnap and ▇▇▇▇▇▇; c. Charterers shall reimburse Owners for bonuses paid to officers and crew to a pre agreed amount; d. If, in Owners' reasonable opinion, the threat of piracy to the Vessel increases following the date of this Charter, Owners shall provide prompt written notification to Charterers of: (i) their detailed and reasoned concerns; and (ii) their proposals (including estimated costings) to minimize the piracy risk, including placing enhanced physical hardening equipment and/ or security guards on the Vessel ("Additional Anti- Piracy Measures"). As soon as possible following receipt of Owners written notification, Owners and Charterers shall enter into good faith dialogue in order to mutually agree upon the nature, extent and necessity for the Additional Piracy Measures, failing which Owners shall be entitled to proceed with placing reasonable Anti- Piracy Measures on board the Vessel the cost of which (which shall never exceed the costs which Owners affiliates pay for the same or similar Anti-Piracy Measures) shall be paid for by Owners but which shall be reimbursed to Owners by ▇▇▇▇▇▇▇▇▇▇' against production of copy vouchers. At all times, Owners shall remain responsible and liable for any and all actions and omissions of the Anti-Piracy Measures, including the use of armed and/or unarmed guards onboard the Vessel; e. Owners shall take all reasonable precautions and measures specific for piracy deterrence in piracy prone areas of the world. This shall include using reference material and industry guidelines such as OCIMF Best management Practices (BMP); f. Owners shall provide Charterers with no less than 45 calendar days' notice of their refusal to consent to transit a High Risk Piracy Area. If a dispute arises out of or in connection with the reasonableness of Owners refusal to consent to transit a High Risk Piracy Area , such dispute shall be referred to expedited arbitration in accordance with the provisions of Clause 46(d) hereof; and g. The Vessel shall be back on-hire from the time at which the policy of insurance placed by Owners pursuant to Clause 69(b) no longer pays out in respect of the relevant attack or seizure, provided that Owners take out a policy with one hundred and twenty (120) day loss of hire coverage.