Common use of Single Hull Clause Clause in Contracts

Single Hull Clause. During the currency of this Charter, in the event that there are 3 or more countries/areas out of South Korea, Japan, India, Indonesia, Thailand, Singapore and Taiwan that would enforce phase out of single-hull oil tankers, and/or in the event of P.R. China banning transport of crude oil in single-hull oil tankers without exception (i.e: such as CAP rating/existing charter agreement etc.), Charterers shall have the right to cancel the Charter after 30th March 2010.