Common use of RE-DELIVERY Clause in Contracts

RE-DELIVERY. The vessel shall be re-delivered on the expiration of the charter in the same good order and with cleaned tank as when delivered to charterers (fair wear and tear excepted) at DLOSP Singapore. if tank cleaning has not taken place up to redelivery charterers may redeliver the vessel to owners with unclean tank against a lump sum payment of USD 20,000 (twenty thousand). Charterers shall give owners minimum 30, 20, 15, and 10 days’ approximate notice and 7/5/3/2/1 days’ definite notice of redelivery.