Common use of Agent’s Rights Clause in Contracts

Agent’s Rights. Agent shall be entitled: 1. to be remunerated with an agreed fee in respect of the customary and expected services provided to the vessel, 2. to reimbursement of reasonable out of pocket expenses, 3. to an additional fee in the event of unexpected occurrences creating additional work or delay to the vessel, 4. to retain and be paid all customary brokerages, commission, allowances and other remuneration 5. to deduct from the sums held by it for the owner’s account any amount due from the Principal 6. with the consent of the Principal to have authority to appoint sub‐agents to perform services on behalf of the Principal, including such services as may be subject to these conditions, remaining at all times responsible for the actions of the sub‐agent, 7. to recover interest on any sums outstanding at the rate of 9% applicable during the period when the sums are outstanding, if the Principal fails to make payment in full of any sums due to the Agent on demand or within any period agreed in writing, 8. to recover the costs of debt collection in the event that we are forced to send reminders of outstanding or overdue debts or engage third parties to enforce the collection of outstanding sums 9. to be reimbursed in respect of all time and costs reasonably incurred, where the Agent has spent time and incurred costs in anticipation of the vessel’s call which is subsequently cancelled, or for which the Agent is not appointed, 10. to engage the services of a Supplier to perform the Agency Services (or any part thereof) and any such Supplier shall be deemed to be an independent contractor appointed by the Principal, and not a servant of the Agent. 11. to withhold performance of the Agency Services for as long as the Principal is in default of the provisions of these Terms and Conditions.

Agent’s Rights. Agent shall be entitled: 1. to be remunerated with an agreed fee in respect of the customary and expected services provided to the vessel, 2. to reimbursement of reasonable out of pocket expenses, 3. to an additional fee in the event of unexpected occurrences creating additional work or delay to the vessel, 4. to retain and be paid all customary brokerages, commission, allowances and other remuneration 5. to deduct from the sums held by it for the owner’s account any amount due from the Principal 6. with the consent of the Principal to have authority to appoint sub‐agents to perform services on behalf of the Principal, including such services as may be subject to these conditions, remaining at all times responsible for the actions of the sub‐agent, 7. to recover interest on any sums outstanding at the rate of 96% applicable during the period when the sums are outstanding, if the Principal fails to make payment in full of any sums due to the Agent on demand or within any period agreed in writing, 8. to recover the costs of debt collection in the event that we are forced to send reminders of outstanding or overdue debts or engage third parties to enforce the collection of outstanding sums 9. to be reimbursed in respect of all time and costs reasonably incurred, where the Agent has spent time and incurred costs in anticipation of the vessel’s call which is subsequently cancelled, or for which the Agent is not appointed, 10. to engage the services of a Supplier to perform the Agency Services (or any part thereof) and any such Supplier shall be deemed to be an independent contractor appointed by the Principal, and not a servant of the Agent. 11. to withhold performance of the Agency Services for as long as the Principal is in default of the provisions of these Terms and Conditions.

Agent’s Rights. Agent shall be entitled: 1. to be remunerated with an agreed fee in respect of the customary and expected services provided to the vessel, 2. to reimbursement of reasonable out of pocket expenses, 3. to an additional fee in the event of unexpected occurrences creating additional work or delay to the vessel, 4. to retain and be paid all customary brokerages, commission, allowances and other remuneration 5. to deduct from the sums held by it for the owner’s account any amount due from the Principal 6. with the consent of the Principal to have authority to appoint sub‐agents sub-agents to perform services on behalf of the Principal, including such services as may be subject to these conditions, remaining at all times responsible for the actions of the sub‐agentsub-agent, 7. to recover interest on any sums outstanding at the rate of 92% above LIBOR applicable during the period when the sums are outstanding, if the Principal fails to make payment in full of any sums due to the Agent on demand or within any period agreed in writing, 8. to recover the costs of debt collection in the event that we are forced to send reminders of outstanding or overdue debts or engage third parties to enforce the collection of outstanding sums 9. to be reimbursed in respect of all time and costs reasonably incurred, where the Agent has spent time and incurred costs in anticipation of the vessel’s call which is subsequently cancelled, or for which the Agent is not appointed, 10. to engage the services of a Supplier to perform the Agency Services (or any part thereof) and any such Supplier shall be deemed to be an independent contractor appointed by the Principal, and not a servant of the Agent. 11. to withhold performance of the Agency Services for as long as the Principal is in default of the provisions of these Terms and Conditions.

Agent’s Rights. Agent shall be entitled: 1. to be remunerated with an agreed fee in respect of the customary and expected services provided to the vessel, 2. to reimbursement of for reasonable out of pocket expenses, 3. to an additional fee in the event of unexpected occurrences creating additional work or Or delay to the vessel, 4. to retain and be paid all customary brokerages, commission, allowances and other remuneration 5. to deduct from the sums held by it for the owner’s account any amount due from the Principal 6. with the consent of the Principal to have authority to appoint sub‐agents sub-agents to perform services on behalf of the Principal, including such services as may be subject to these conditions, remaining at all times responsible for the actions of the sub‐agentsub-agent, 7. to recover interest on any sums outstanding at the rate of 92% above LIBOR applicable during the period when the sums are outstanding, if the Principal fails to make payment in full of any sums due to the Agent agent on demand or within any period agreed in writing,. 8. to recover the costs of debt collection in the event that we the Agent are forced to send reminders of outstanding or overdue debts or engage third parties to enforce the collection of outstanding sums 9. to be reimbursed in respect of all time and costs reasonably incurred, where the Agent has spent time and incurred costs in anticipation of the vessel’s call which is subsequently cancelled, or for which the Agent is not appointed, 10. to engage the services of a Supplier to perform the Agency Services (or any part thereof) and any such Supplier shall be deemed to be an independent contractor appointed by the Principal, and not a servant of the Agent. 11. to withhold performance of the Agency Services for as long as the Principal is in default of the provisions of these Terms and Conditions.