Common use of Salvage Services Clause in Contracts

Salvage Services. The Company has no obligation whatsoever to xxxxxxx or provide any salvage service to the Vessel should she spring a leak or otherwise need assistance in remaining afloat or in Seaworthy condition. It is agreed that the Company, in its sole election, may elect to xxxxxxx or provide the Vessel with other salvage services. In the event the Company determines the Vessel is in need of dewatering or other salvage services and the Company elects to provide such services, Vessel Owner shall be obligated to pay all material/labor costs associated with the rendering of such services or $150 plus material costs for each hour such services are provided, whichever sum is greater, and Vessel Owner shall indemnify, protect and defend the Indemnified Parties from and against all actual or potential liability therefrom arising or relating.