Amoco Charter Clauses


                               AMOCO CHARTER CLAUSES (1992)
                                     (Received 1/1/92)
                                    
                                    
1.   LAWS AND REGULATIONS

     a.   Owner represents and warrants that the Vessel is and shall continue to be,
during the currency of the Charter, in full compliance with all applicable laws,
regulations, rules, ordinances, decrees, international conventions and any other
applicable directives, of the country of Vessel registry and any locale to which the Vessel
may be directed or may proceed in connection with the Charter, related to Vessel
navigation, manning, operation, safety, design, construction, maintenance, equipment,
size and capacity, and pollution prevention, including MARPOL 1973/1978, SOLAS
1974/1978/1981/1983, Load Line 1966/1971/ 1973/1979, 72 COLREGS, U.S. Port and
Tanker Safety Act, U.S. Federal Water Pollution Control Act, U.S. Oil Pollution Act of
1990, and Vessel's classification society rules, with all applicable amendments
(hereinafter collectively referred to as "applicable laws and regulations").  Owner further
represents and warrants that Vessel shall have on board, during the currency of the
Charter, all certificates, records and other documentation required by applicable laws and
regulations.

          b.   In addition to the above, Owner further represents and warrants that it and
the Vessel are and shall continue to be, during the currency of the Charter, in full
compliance with applicable laws and regulations, including applicable international,
national, state and local laws and regulations, related to financial responsibility and spill
response and activities with respect to oil and/or other pollution, including requirements
to have on board the Vessel a U.S. Coast Guard Certificate of Financial Responsibility
(oil pollution), certificate required by the International Convention on Civil Liability for
Oil Pollution Damage, and spill response plans.

          c.   Notwithstanding any other term or provision of the Charter, nothing
contained herein is intended or should be construed to require either Owner or Charterer
to act in a manner which is inconsistent with or prohibited or penalized by any U.S.
anti-boycott law or regulation.


2.   QUESTIONNAIRE

          It is an express condition precedent to the Charter that (1) an Amoco
Questionnaire shall have been fully completed by the Owner or its authorized
representative, and (2) that Owner's responses to the questionnaire shall be subject to
acceptance by the Charterer in its sole discretion.  Owner represents and warrants to
Charterer the completeness and accuracy of all information and responses to the
questionnaire, which representation and warranty shall be deemed reaffirmed when the
Vessel tenders notice of readiness at the load port.  Charterer's acceptance of responses
to the questionnaire shall not be deemed to be a waiver of any rights which Charterer
may have.  The completed questionnaire shall be deemed attached to and fully
incorporated into the Charter.


3. INSURANCE

          With respect to the Vessel, Owner represents and warrants that it has in full force
and effect and that it will continue to maintain, during the currency of the Charter,
insurance as itemized below.  Insurance coverage premiums and deductibles shall be for
the account of Owner, unless otherwise expressly agreed by the parties.

     a.  Standard P&I insurance with a member of the International Group of
     P&I Clubs, including coverage for liability for cargo loss/damage;
     
     b.  Standard P&I Club oil pollution insurance coverage, including
     TOVALOP obligations, for not less than U.S. $500 million per incident; 
     
     c.   If available, excess P&I Club oil pollution insurance coverage of not less
     than U.S. $200 million per incident; and
     
     d.   Hull and machinery insurance placed with reputable insurers.
          
     
4.   TOVALOP CHARTER PARTY CLAUSE 1987

          The P&I "TOVALOP Charter Party Clause 1987" shall be deemed to be
incorporated fully in the Charter.  For the purposes of said clause, the term "Charterer"
shall be defined to include the owner of the cargo, and the respective owner(s) and/or
operator(s) of the loading and/or discharge terminals.


5.   DRUG AND ALCOHOL POLICY

     Owner represents and warrants that it has a policy on drug and alcohol abuse
applicable to the Vessel which meets or exceeds the standards contained in the most
current/revised edition of the Oil Companies International Marine Forum Guidelines for
the Control of Drugs and Alcohol Onboard Ship.  Owner further represents and warrants
that its policy shall remain in effect during the currency of the Charter, and that Owner
shall exercise due diligence to ensure compliance with the policy.


6.   ETA

          a.  Unless Vessel is in port at the time, Master is to give Charterer or Vessel's
agent 72/48/24 hours advance notice of ETA (estimated time of arrival) at next port. 
Within twenty-four (24) hours of reported ETA, Master shall give Charterer or Vessel's
agent notice of any change in ETA exceeding two (2) hours.  Any delays resulting from
non-compliance with this clause shall not count as used laytime or, if the Vessel is on
demurrage, as time on demurrage.

     b.  In addition to the reports provided for in sub-paragraph (a) above, during sea
passage Vessel is to provide noon position reports with updated ETA every other day.


7.   CLEAN BALLAST AND BUNKERED

          Owner represents and warrants that the Vessel will arrive at load port with clean
ballast, fully bunkered to perform the laden passage.


8.   INERT GAS SYSTEM

          a.   Owner represents and warrants that Vessel's Inert Gas System (IGS) is fully
operational and officers and crew are experienced in the operation of the system, that the
Vessel will arrive at load port with cargo tanks inerted, and that cargo tanks will remain
inerted throughout the voyage, including during loading and discharge, so that in no
event shall cargo tanks have an oxygen content in excess of eight percent (8%) by
volume.

          b.   Master may be requested by terminal personnel or independent petroleum
inspector(s) to breach the IGS for purposes of gauging, sampling, temperature
measurement and/or measurement of the quantity of cargo remaining on board after
discharge.  Breach and depressurization of tanks for such purposes shall be allowed in
accordance with the provisions of the most current/amended Inert Gas Systems for Oil
Tankers publication issued by the International Maritime Organization (IMO) (the
"IMO IGS Publication").  Any time used solely for such gauging, sampling and
measurement shall count as used laytime or, if the Vessel is on demurrage, as time on
demurrage.

          c.  Owner further represents and warrants that should the IGS system fail, Vessel
shall strictly adhere to Section 8 (Emergency Procedures) of the IMO IGS Publication.
 

9.   SPILL PREVENTION
      
     Vessel shall take all necessary precautions to prevent spillage or leakage of cargo
or bunkers.  Prior to commencement of cargo or bunkering operations, Vessel shall verify
all appropriate overboard lines are closed securely, and shall complete the applicable oil
transfer form in conjunction with the terminal or bunkering operator.  Furthermore, any
time there is any indication of spillage or leakage, Vessel shall immediately cease related
operations, notify all necessary authorities and involved personnel, conduct a thorough
investigation, and complete appropriate action before resuming such operations.


10.  PUMPING AND CRUDE OIL WASH  

          a.   Owner represents and warrants Vessel can discharge entire cargo within
twenty-four (24) hours or maintain a pressure at ship's rail of 100 PSI, provided shore
facilities permit. 
     
     b.   Owner further represents and warrants that the Vessel is equipped for and is
able to Crude Oil Wash (COW) all cargo tanks.  Charterer may request COW of
designated tanks.  If Charterer requests COW and the Vessel complies, the time above
allowed for discharge shall be increased by twelve (12) hours for COW of all cargo tanks,
or pro rata for less than all cargo tanks. 
     
     c.   In the event of non-compliance with Charterer's request for COW, any
measurable cargo, as determined by an independent petroleum inspector, remaining in
designated tanks shall be deemed free flowing, pumpable liquid; and Charterer shall have
the right to deduct from freight an amount equal to the FOB port of loading value of
such cargo, plus freight due with respect thereto.


11.  HEAT
     
          a.   If the Charter provides that the cargo shall be heated, Owner represents and
warrants that Vessel is capable of maintaining the cargo at temperatures up to one
hundred and thirty-five degrees Fahrenheit (135øF); and that the Vessel shall maintain
the cargo at temperatures not less than its temperature when first loaded, or one hundred
and thirty-five degrees Fahrenheit (135øF), whichever is less, at Owner's expense. 
Should it become necessary to withdraw Vessel from any berth due to Owner's
non-compliance with the aforesaid, all time and expense incurred shall be for Owner's
account.

          b.   If the Vessel is fitted with heating coils but the Charter does not provide that
the cargo shall be heated, and Charterer later requests such heating, the Vessel shall use
best efforts to comply with such request, bunkers permitting; and Charterer shall pay for
excess bunkers thereby consumed at Owner's actual, documented cost at the port where
the Vessel last bunkered.


12. SHIP TO SHIP LIGHTERING

          a.   Owner represents and warrants that Vessel is and shall continue to be, during
the currency of the Charter, outfitted and manned to conduct lightering operations in
accordance with the most current/revised edition of the International Chamber of
Shipping, Oil Companies International Marine Forum, Ship to Ship Transfer Guide
(Petroleum).

          b.   Charterer shall have the option to load or discharge the Vessel by Ship-to-Ship
transfer at anchor or underway off any port(s) or place(s) in the load/discharge range. 
If Charterer exercises this option, Charterer shall at its expense provide a Mooring
Master and/or all fenders, hoses and special equipment necessary to perform the
lightering operation.  Such Mooring Master shall only be an advisor to the Vessel
Master, who shall remain fully and solely responsible for the operation, management and
navigation of Vessel.
     
          c.   If the Vessel is partially discharged at sea, the lightering site shall not
constitute a port or place in addition to those specified in Part I of the Charter, so the
freight rate for the voyage shall be the same as if the lightering had not occurred. 


13.  CARGO RETENTION

          In the event that any cargo remains on board upon completion of discharge,
Charterer shall have the right to deduct from freight an amount equal to the FOB port
loading value of such cargo plus freight due with respect thereto, provided that the
volume of cargo remaining on board is free flowing, pumpable liquid as determined by
an independent petroleum inspector.  Any action or lack of action in connection with
this provision shall be without prejudice to any rights or obligations of the parties, except
as specifically provided in part (c) of Clause 10 (Pumping and Crude Oil Wash).


14.  HIGHER SPEED (Complete "W", "M" and "P" when fixing Charter)

          The Charter freight rate is based upon Owner's warranted speed of "W" knots (all
speeds in this clause being average speed over the ground).  Charterer has the option,
which may be exercised any number of times, declarable prior to and/or during the laden
voyage, to order the Vessel to perform the laden voyage or any portion thereof at any
increased speed(s) up to a maximum of "M" knots, weather, currents and safe navigation
permitting.

     Charterer will pay a freight rate increased by "P" Worldscale point(s) extra for each
knot (or pro rata for a portion of a knot) for the distance(s) the Vessel achieves the
speed(s) ordered by Charterer in accordance with this clause. 

     The increased freight rate shall be the original freight rate plus the sum of the
following incremental increases.  There shall be one incremental increase for each time
Charterer orders a speed greater than the warranted speed.  In calculating each
incremental increase, the following formula shall be used;
          ( Miles Steamed Under Orders     WORLDSCALE )
          (   for an Increased Speed    X   Point(s)  )
          ( Total Laden Miles Steamed       Increase  )

     BP Worldwide Marine Distance Tables shall be used to determine total laden
miles steamed.  Miles steamed at increased speed shall be determined from the Vessel's
log.  Each time Charterer orders a speed greater that the warranted speed, Vessel's Master
will report to Charterer by telex the date, time and position at which Vessel commenced
proceeding under such order, and the revised ETA at the discharge port.

     For each increased speed order of Charterer that Vessel does not achieve such
speed due to adverse weather, currents, breakdown of Vessel, or any other reason beyond
Charterer's control, the incremental increase for that order shall be calculated based on
the speed actually achieved by the Vessel for the entire time and distance that the Vessel
was proceeding under that order.  In the event that such actual speed is not greater than
the warranted speed, that incremental increase shall be zero.  In any case, the demurrage
rate contained in the Charter will remain unaltered. 


15.  EXCESS BERTHING

          Berthing expenses, if any, charged by terminals, suppliers or receivers, to the
extent that they are attributable to use of a berth or facility solely for Vessel purposes,
shall be for Owner's account.


16. SHIFTING EXPENSES

          If more than one berth at load or discharge ports is used, shifting expenses shall
be for Charterer's account, except that any shifting expenses from anchorage to first
berth, and shifting expenses due to any cause attributable to the Vessel shall be for
Owner's account.


17.  SHORE RELEASE

          Any time in excess of two (2) hours spent waiting for release of Vessel by terminal
operators and/or cargo inspectors after disconnection of hoses shall count as used laytime
or, if the Vessel is on demurrage, time on demurrage, provided such excesstime is not due
to any cause attributable to the Vessel or her officers or crew.


18. LAYTIME/DEMURRAGE

          a.  Adverse Weather:  Delays in mooring or berthing for lightering or cargo
operations, and delays after said mooring or berthing, which are due to adverse weather,
shall count as half laytime or, if the Vessel is on demurrage, be charged for at half the
demurrage rate. 
     
     b.   NOR and Laytime:  Laytime shall commence six (6) hours after notice of
readiness (NOR), or upon Vessel's arrival in berth, whichever occurs first, at load and
discharge ports. 
     
     c.  Laytime/Demurrage Exceptions:  Notwithstanding any other provision(s) of the
Charter to the contrary, the following time shall not count as used laytime or, if the
Vessel is on demurrage, as time on demurrage:
    
     i.  All time between early arrival NOR at load port, and 0600 on the first
     day of laydays or arrival in berth, whichever first occurs, unless Charterer
     grants approval beforehand;
     
     ii.  All time shifting from anchorage to berth or STS lightering site;
     
     iii.  All time shifting from STS lightering site to anchorage or to berth;
     
     iv.  All time spent discharging ballast water or slops, unless concurrent with
     cargo operations.
     
               d.  STS Discharging:  Excluding any time lost due to Vessel fault or deficiency,
time used for discharging by STS lightering shall, subject to the limitations in
sub-paragraphs (a) and (c) of this clause, count as used laytime or, if the Vessel is on
demurrage, time on demurrage, as provided below:

     i.  If Vessel is to be partially discharged, beginning when Vessel tenders
     NOR at the lightering site designated by Charterer, and ending upon
     completion of disconnection of the cargo hoses from the last cargo
     receiving vessel. 
     
          ii.  If Vessel is to be fully discharged, beginning upon the expiration of six
     (6) hours after Vessel arrives at the lightering site designated by Charterer,
     or when Vessel is all fast alongside the first cargo receiving vessel,
     whichever occurs first, and ending upon completion of disconnection of the
     cargo hoses from the last cargo receiving vessel.
     

19.  WAIVER OF CLAIMS

          Owner shall invoice Charterer for all claims for demurrage, deadfreight, freight
withheld by Charterer, and diversion and shifting expenses arising under the Charter,
within ninety (90) days from the date of completion of discharge.  With respect to any
such claim, Owner shall commence arbitration or litigation proceedings, whichever is
appropriate, within one (1) year from the date of completion of discharge.  OWNER'S
FAILURE TO COMPLY WITH ALL REQUIREMENTS OF THIS CLAUSE SHALL BE
DEEMED A WAIVER BY OWNER AND SHALL RELIEVE CHARTERER OF ANY
LIABILITY FOR SUCH CLAIM(S).


20. GENERAL AVERAGE 

          General average shall be adjusted in accordance with the YORK/ANTWERP
Rules, 1974, as amended 1990.  However, any payment made by Owner to a
government, to Charterer or any others to "remove" oil or a "threat of oil pollution" as
defined in this Charter in the TOVALOP Charter Party Clause 1987, as well as any
other payments, with respect to Vessel's or Owner's liability for oil pollution damages,
shall not be deemed to be general average sacrifices or expenditures. 


21. AGENTS AND CARGO ADVISORS

          a.   Owner shall appoint Vessel's agent as may be named by Charterer at all
loading and discharge ports.

          b.   Charterer has the option, at its expense, to place on board the Vessel a Cargo
Advisor to monitor and provide advice about cargo operations, including IGS and COW
operations, and safety and pollution hazards.  Such Cargo Advisor shall be only an
advisor to the Vessel Master, who shall remain fully and solely responsible for the
operation, management and navigation of Vessel.  Vessel shall provide the Cargo Advisor
an on board cabin at Owner's expense.


22.  DIVERSION AND DELIVERY OF CARGO

          a.   The discharge ports shown in bills of lading shall not constitute a declaration
of discharge port, and Charterer shall have the right to order the Vessel to any port(s)
within the Charter discharge range.  Any extra expense incurred by Owner by reason of
such change of destination shall be for Charterer's account; and any time thereby lost to
the Vessel shall count as used laytime or, if the vessel is on demurrage, time on
demurrage.
     
          b.   Except as provided in sub-paragraph (c) of this clause, when one or more
original bills of lading have been issued for cargo, Owner and Vessel shall not be required
to deliver such cargo at a discharge port shown in the bill of lading, or at any other place
nominated by Charterer, unless the party claiming right to such delivery first surrenders
to Vessel at least one such original bill of lading, duly endorsed.

          c.   In any case, if one or more original bills of lading have been issued for cargo,
and if at least one such bill of lading is not available at the place of discharge for timely
surrender to Vessel, Vessel still shall deliver such cargo in accordance with written
instructions of Charterer, delivered by letter, facsimile, or telex, provided Charterer (or,
at Owner's option, any parent or other affiliate of Charterer acceptable to Owner) first
executes and delivers to Owner or its designee a written Letter of Indemnity (completed
and in the form of Appendix A) in connection with such cargo delivery.


23. PORTS AND PLACES OF LOADING/DISCHARGE

          By use of words such as "safe" or "safely" with reference to any range, port, berth,
dock, anchorage and/or other place to which the vessel may be ordered to load or
discharge, Charterer shall not be deemed to warrant the safety of any of the aforesaid. 
Charterer shall not be liable for any loss, damage, injury, or delay resulting from
conditions at such ports, berths, docks, anchorages or other places not caused by
Charterer's fault or neglect, or which could have been avoided by the exercise of
reasonable care on the part of the Owner, pilots, line handlers, tugs, workboats, the
Vessel, her crew or those in charge of her.


24.  SPECIFIC PORTS AND PLACES

          a.   Florida:  In the event of any loaded or ballast passage near the State of Florida,
Owner represents and warrants that the Vessel shall remain outside of a buffer zone
comprised of all waters within ten (10) nautical miles of the shorelines of the mainland
and state islands, including the Florida Keys.  The actual track taken outside of the
buffer zone shall be selected by the Owner or Vessel Master with due regard for
navigational hazards, including other vessels.  The freight rate includes compensation to
Owner for the actual track taken in accordance with the provisions of this clause.

          b.   Trinidad:  In the event of any loaded or ballast passage near the east coast of
Trinidad, Owner represents and warrants that the Vessel shall remain outside of a buffer
zone comprised of all water within twenty-seven and one-half (27.5) nautical miles of
the east shoreline of Trinidad, except for transit through Galleons Passage and transit
due east or west, as the case may be, between 10o05'N  60o34'W and Galeota Point. 
The actual track taken, including the track taken outside the buffer zone, shall be
selected by the Owner or Vessel Master with due regard for navigational hazards,
including other vessels and offshore platforms.  The freight rate includes compensation
to Owner for the actual track taken in accordance with the provisions of this clause.

          c.   SULLOM VOE
     i.  REGULATIONS:  Owner represents and warrants Vessel will comply
     with all Sullom Voe terminal regulations.  If flagrant or continued disregard
     of these regulations, or defects in ship equipment, machinery, or operations
     in the Vessel  presents a safety hazard to the terminal, its premises, or
     personnel, the terminal operator may order the Vessel to vacate the
     terminal until the Vessel is able to comply.
     
     ii.  BALLAST:  From the date of fixture through the currency of the
     Charter, Owner and its agent shall observe Charterer's instructions
     regarding the disposal of ballast from Vessel in connection with operations
     at Sullom Voe.  If, before the commencement of loading at Sullom Voe
     Terminal, Owner is provided with evidence of the failure of Vessel to
     comply with such instructions, Charterer may, by notice in writing, cancel
     the Charter without thereby incurring any penalty.
     
     iii.  IGS:  Owner represents and warrants that at time of berthing at Sullom
     Voe, Vessel's inert gas system will be fully operational and that each tank
     will have an oxygen content not exceeding eight (8%) percent by volume.
     
     iv.  CLOSED LOADING:  Owner represents and warrants that Vessel is
     capable of loading at Sullom Voe in closed conditions without opening
     ullage ports (other than ullaging and sampling).  Vessel, therefore, must be
     fitted with automatic gauging equipment, capable of permitting accurate
     readings of oil loaded at any particular time.
     
     v.  LOADING-RATE:  Owner represents and warrants that Vessel is
     capable of loading crude oil at Sullom Voe at the following rates:
     
                 DWT up to 89,999                 7.5% SDWT/HR
                 DWT 90,000 up to 179,999         6.6% SDWT/HR
                 DWT over 180,000                 5.8% SDWT/HR
     
               d.   RAS SHUKHEIR:  Owner represents and warrants that for terminal berthing,
both bow anchors are in safe, operable condition and ready for use with a minimum of
one hundred fifty (150) fathoms of chain.

          e.   TEXAS CITY FREE BOARD:  Owner represents and warrants that during all
discharge operations at Texas City, free board between Vessel's manifold and the
waterline will not exceed fifty-five (55) feet.

          f.   WEST AFRICA BALLAST CLAUSE:  Owner represents and warrants Vessel
will arrive at load port West Africa with sufficient clean ballast on board (approximately
thirty percent (30%) of DWT) for proper maneuverability.  Owner further represents
and warrants Vessel is able to deballast and load cargo simultaneously (or load part
cargo, deballast, and load balance cargo) with two valve segregation while maintaining
minimum thirty percent (30%) deadweight.


25.  BREACH OF WARRANTY

          Any breach of Owner's representations and warranties shall constitute a material
breach and shall entitle Charterer, at its option, to terminate the Charter and/or recover
any damages allowed by law.  Any delays resulting from non-compliance with Owner's
representations and warranties shall not count as used laytime or, if the Vessel is on
demurrage, as time on demurrage.


26.  INTERPRETATION

          a.   WORLDSCALE TERMS AND CONDITIONS:  Unless otherwise agreed, all
WORLDSCALE preambles, hours, rates, terms and conditions in effect on the date of
fixture of the Charter are incorporated herein by reference, and are made a part of the
Charter.

          b.   GOVERNING LAW:  The Charter is to be governed by all laws applicable to
charters made in the same city which the Charter provides is the city for arbitration,
excluding laws pertaining to conflict of law, which dictate the application of other laws.
 

27.  DISPUTE RESOLUTION

          Notwithstanding any provision(s) to the contrary in the Arbitration Clause or
elsewhere in the Charter, any and all differences and disputes of whatsoever nature
arising out of the Charter and resulting in claim(s) aggregating in excess of U.S
$200,000, excluding interest, attorneys fees and court costs, shall be resolved through
litigation in any court having jurisdiction in the premises.  Furthermore, Owner and
Charterer each hereby irrevocably agrees that service of process for any court may be
made by facsimile or certified mail, either of which shall be deemed proper.  For purposes
of this clause, Owner and Charterer each hereby irrevocably agrees to submit to the
non-exclusive jurisdiction of the court vested by law with original admiralty or maritime
jurisdiction, and situated in the same city that the Charter provides is the city for
arbitration. 
APPEN                             DIX A

                                  LETTE                        R OF INDEMNITY

                                  VOYAG                 E CHARTER OF M/T             

                                  DATED                                  , 199  ,

                                  BETWE                 EN                , AS OWNER,

                                  AND                                  , AS CHARTERER


     Reference is made to            net barrels of                   , shipped, under original
bill(s) of lading dated                , by                     and consigned to                      
("Cargo") now laden aboard the above Vessel ("Vessel").  Pursuant to the above
captioned Charter ("Charter"), the undersigned requests that   Owner(s) of  the  Vessel 
 deliver   the  Cargo at                unto                               without prior discharge
site presentation to the Vessel of at least one original bill of lading issued for the Cargo,
appropriately endorsed, for such delivery and/or at a discharge port or site other than one
specifically named in said bill(s) of lading.

     In consideration of such delivery, the undersigned ("Indemnifier") hereby gives an
indemnity as set forth below:

          1.  Indemnifier shall indemnify and hold harmless Owner, the Vessel and her
Chartered Owner(s), Operator(s), Master, underwriters and agents (hereinafter jointly
and individually called "Owners") in respect of any liability, loss, damage, costs (including
but not limited to Attorney/Client costs) and other expense of whatever nature which
the Owners may sustain or incur by reason of the requested delivery, without any right
in the Indemnifier or anyone in interest with the Indemnifier to assert any counterclaim,
set off, recoupment or any other claims against the Indemnitees or the Vessel arising out
of the subject liability, loss, damage, costs and/or expense.

          2.   In the event of any legal action or proceedings being commenced against the
Owners in connection with the requested delivery, the Indemnifier shall provide Owners
from time to time, on the Owners' demand, with sufficient funds to defend same.
     
     3.   If the Vessel or any other vessel or other property belonging to the Owners
should be arrested or detained, or if the arrest or detention thereof should be threatened
for any claim in connection with the requested delivery, the Indemnifier shall provide,
upon demand of the Owners, such bail or other security as may be required to prevent
such arrest(s) or detention(s) or to secure the release of the Vessel or such other vessel
or other property from arrest or detention, and shall indemnify and hold harmless the
Owners against and from any loss, damage, costs (including but not limited to
Attorney/Client costs) and other expense resulting from such arrest or detention or
threatened arrest or detention, whether or not same may be justified, and to pay to the
Owners, on the Owners' demand, the amount of such loss, damages, costs and/or
expense.

          4.   The within Indemnity shall become null and void upon the receipt by the
Owner of at least one original bill of lading issued for the Cargo duly endorsed so as to
document the requested delivery.

          5.   The within Indemnity shall be governed and construed in accordance with the
substantive law specified in the Governing Law Clause of the Charter.  The Owners may,
but shall not be obligated to, bring any legal action or proceeding with respect to such
Indemnity in the court referred to in the Dispute Resolution Clause of the Charter; and
the Indemnifier unconditionally and generally accepts in regard to such legal action or
proceeding, for itself and its property, the jurisdiction and venue of the aforesaid court.


          Name of Party giving Indemnity                             

          Signature                                                  

          Name of Person Signing                                     

          Authority/Title of Person Signing                          

          Date Signed                                                

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