Common use of Commercial Management Clause in Contracts

Commercial Management. (only applicable if agreed according to Box 8). The Managers shall provide the following services for the Vessel in accordance with the Owners' instructions, which shall include but not be limited to: (a) seeking and negotiating employment for the Vessel and the conclusion (including the execution thereof) of charter parties or other contracts relating to the employment of the Vessel. If such a contract exceeds the period stated in Box 9, consent thereto in writing shall first be obtained from the Owners; (b) arranging for the provision of bunker fuels of the quality specified by the Owners as required for the Vessel's trade; (c) voyage estimating and accounting and calculation of hire, freights, demurrage and/or despatch monies due from or due to the charterers of the Vessel; assisting in the collection of any sums due to the Owners related to the commercial operation of the Vessel in accordance with Clause 11 (Income Collected and Expenses Paid on Behalf of Owners ); If any of the services under Sub-clauses 6(a), 6(b)and 6(c) are to be excluded from the Management Fee, remuneration for these services must be stated in Annex E (Fee Schedule). See Sub -clause 12(e). (d) issuing voyage instructions; (e) appointing agents; (f) appointing stevedores; and (g) arranging surveys associated with the commercial operation of the Vessel.

Commercial Management. (only applicable if agreed according to Box 8). The Managers shall provide the following services for the Vessel in accordance with the Owners' ’ instructions, which shall include but not be limited to: (a) seeking and negotiating employment for the Vessel and the conclusion (including the execution thereof) of charter parties or other contracts relating to the employment of the Vessel. If such a contract exceeds the period stated in Box 9, consent thereto in writing shall first be obtained from the Owners; (b) arranging for the provision of bunker fuels of the quality specified by the Owners as required for the Vessel's ’s trade; (c) voyage estimating and accounting and calculation of hire, freights, demurrage and/or despatch monies due from or due to the charterers of the Vessel; assisting in the collection of any sums due to the Owners related to the commercial operation of the Vessel in accordance with Clause 11 (Income Collected and Expenses Paid on Behalf of Owners Owners); If any of the services under Sub-clauses 6(a), 6(b)and 6(b) and 6(c) are to be excluded from the Management Fee, remuneration for these services must be stated in Annex E (Fee Schedule). See Sub -clause Sub-clause 12(e). (d) issuing voyage instructions; (e) appointing agents; (f) appointing stevedores; and (g) arranging surveys associated with the commercial operation of the Vessel.

Commercial Management. (only applicable if agreed according to Box 8). The Managers shall provide the following services for the Vessel in accordance with the Owners' ’ instructions, which shall include but not be limited to: (a) seeking and negotiating employment for the Vessel and the conclusion (including the execution thereof) of charter parties or other contracts relating to the employment of the Vessel. If such a contract exceeds the period stated in Box 9, consent thereto in writing shall first be obtained from the Owners; (b) arranging for the provision of bunker fuels of the quality specified by the Owners as required for the Vessel's ’s trade; (c) voyage estimating and accounting and calculation of hire, freights, demurrage and/or despatch monies due from or due to the charterers of the Vessel; assisting in the collection of any sums due to the Owners related to the commercial operation of the Vessel in accordance with Clause 11 (Income Collected and Expenses Paid on Behalf of Owners Owners); If any of the services under Sub-Sub clauses 6(a), 6(b)and 6(b) and 6(c) are to be excluded from the Management Fee, remuneration for these services must be stated in Annex E (Fee Schedule). See Sub -clause clause 12(e). (d) issuing voyage instructions; (e) appointing agents; (f) appointing stevedores; and (g) arranging surveys associated with the commercial operation of the Vessel.

Commercial Management. (only applicable if agreed according to Box 8). The Managers shall provide the following services for the Vessel in accordance with the Owners' ’ instructions, which shall include but not be limited to: (a) seeking and negotiating employment for the Vessel and the conclusion (including the execution thereof) of charter parties or other contracts relating to the employment of the Vessel. If such a contract exceeds the period stated in Box 9, consent thereto in writing shall first be obtained from the Owners; (b) arranging for the provision of bunker fuels of the quality specified by the Owners as required for the Vessel's ’s trade; (c) voyage estimating and accounting and calculation of hire, freights, demurrage and/or despatch monies due from or due to the charterers of the Vessel; assisting in the collection of any sums or emission allowances due to the Owners related to the commercial operation of the Vessel in accordance with Clause 11 12 (Income Collected Owners’ Receivables and Expenses Paid on Behalf of Owners Expenses); If any of the services under Sub-clauses subclauses 6(a), 6(b)and 6(b) and 6(c) are to be excluded from the Management Feeannual management fee, remuneration for these services must be stated in Annex E (Fee Schedule). See Sub -clause 12(esubclause 13(e). (d) issuing voyage instructions; (e) appointing agents; (f) appointing stevedores; and (g) arranging surveys associated with the commercial operation of the Vessel.

Commercial Management. (only applicable if agreed according to Box 8). The Managers shall provide the following services for the Vessel in accordance with the Owners' ’ instructions, which shall include but not be limited to: (a) seeking and negotiating employment for the Vessel and the conclusion (including the execution thereof) of charter parties or other contracts relating to the employment of the Vessel. If such a contract exceeds the period stated in Box 9, consent thereto in writing shall first be obtained from the Owners; (b) arranging for the provision of bunker fuels of the quality specified by the Owners as required for the Vessel's ’s trade; (c) voyage estimating and accounting and calculation of hire, freights, demurrage and/or despatch monies due from or due to the charterers of the Vessel; assisting in the collection of any sums due to the Owners related to the commercial operation of the Vessel in accordance with Clause 11 (Income Collected and PART II XXXXXXX 2009 Standard ship management agreement Expenses Paid on Behalf of Owners Owners); If any of the services under Sub-clauses 6(a), 6(b)and 6(b) and 6(c) are to be excluded from the Management Fee, remuneration for these services must be stated in Annex E (Fee Schedule). See Sub -clause Sub-clause 12(e). (d) issuing voyage instructions; (e) appointing agents; (f) appointing stevedores; and (g) arranging surveys associated with the commercial operation of the Vessel.

Commercial Management. (only applicable if agreed according to Box 8). 8) The Managers shall provide the following services for the Vessel in accordance with the Owners' ’ instructions, which shall include but not be limited to: (a) seeking and negotiating employment for the Vessel and the conclusion (including the execution thereof) of charter parties or other contracts relating to the employment of the Vessel. If such a contract exceeds the period stated in Box 9, consent thereto in writing shall first be obtained from the Owners; (b) arranging for the provision of bunker fuels of the quality specified by the Owners as required for the Vessel's ’s trade; (c) voyage estimating and accounting and calculation of hire, freights, demurrage and/or despatch dispatch monies due from or due to the charterers of the Vessel; assisting in the collection of any sums due to the Owners related to the commercial operation of the Vessel in accordance with Clause 11 (Income Collected and Expenses Paid on Behalf of Owners Owners); If if any of the services under Sub-clauses 6(a), 6(b)and 6(b) and 6(c) are to be excluded from the Management Fee, remuneration for these services must be stated in Annex E (Fee Schedule). See Sub -clause Sub-clause 12(e). (d) issuing voyage instructions; (e) appointing agents; (f) appointing stevedores; and (g) arranging surveys associated with the commercial operation of the Vessel.