Sale or Purchase of the Vessel. (only applicable if agreed according to Box 10) The Managers shall, in accordance with the Owners’ instructions, supervise the sale or purchase of the Vessel, including the performance of any sale or purchase agreement, but not negotiation of the same.
Sale or Purchase of the Vessel. The Managers shall, if requested, provide Owners with technical assistance in connection with any sale of the Vessel. Any costs or out-of-pocket expenses incurred by the Managers in providing such technical assistance shall be paid by or for the account of the Owners. The Owners will, however, be solely responsible for agreeing the terms of any agreement regulating any sale.
Sale or Purchase of the Vessel. (only applicable if agreed according to Box 10) The Managers shall, if so requested and in accordance with the Owners’ instructions, provide technical assistance in connection with any sale of the Vessel, supervise the sale or purchase of the Vessel, including the performance of any sale or purchase agreement, but not negotiation of the same. Any time lost by the Vessel and cost associated with sale and purchase of the Vessel will be considered as contingency and out of budget (please refer to clause 8.10 hereto).
Sale or Purchase of the Vessel. 142 6.1 at the Owners’ expense, the Vessel is insured for not less 197 (only applicable if agreed according to Box 10) 143 than her sound market value or entered for her full gross tonnage, 198 The Managers shall, in accordance with the Owners’ instructions, 144 as the case may be for: 199 supervise the sale or purchase of the Vessel, including the 145 (i) usual hull and machinery marine risks (including crew 200 performance of any sale or purchase agreement, but not 146 negligence) and excess liabilities; 201
Sale or Purchase of the Vessel. The Managers shall, in accordance with the Owners’ instructions, handle the sale of the Vessel, including the performance of any sale or purchase agreement, and the negotiation of the same. Without prejudice to the generality of the foregoing to inspect Vessel(s), negotiate and conclude a Memorandum of Agreement, attend to the closing and the physical delivery, execute on behalf of the Owners any document including the Bill of Sale, pay on behalf of Owners funds (previously put in Managers hands by the Owners) to receive funds, and account to Owners accordingly in addition to the fee stated in Box 15. All expenses and costs related to the sale or purchase, including legal services, traveling, accommodation etc. shall be undertaken by the Owners. The Managers shall charge Owners for their services a commission of 1.00 % on the selling price of any sale and purchase transaction.
