Common use of Owners' right to terminate Charter Clause in Contracts

Owners' right to terminate Charter. Upon the occurrence of a Termination Event, the Owners may (but not bound and without prejudice to the Charterers obligations) by written notice to the Charterers terminate this Charter and the chartering of the Vessel under this Charter forthwith and recover any and all amounts due and payable hereunder and/or resulting from such termination and to exercise its rights in the manner as set out in Clause 55.

Owners' right to terminate Charter. Upon the occurrence of a Termination Tennination Event, the Owners may (but not bound and without prejudice to the Charterers obligations) by written notice to the Charterers terminate this Charter and the chartering of the Vessel under this Charter forthwith and recover any and all amounts due and payable hereunder and/or resulting from such termination and to exercise its rights in the manner as set out in Clause 55.