Common use of Spares, bunkers and other items Clause in Contracts

Spares, bunkers and other items. The Sellers shall deliver the Vessel to the Buyer with everything belonging to her on board and on shore. All spare parts and spare equipment including spare tail-end shaft(s) and/or spare propeller(s)/propeller blade(s), if any, belonging to the Vessel at the time of delivery used or unused, whether on board or not shall become the Buyer’s property, but spares on order are excluded. Forwarding charges, if any, shall be for the Buyer’s account. The Sellers are not required to replace spare parts including spare tail-end shaft(s) and spare propeller(s)/propeller blade(s) which are taken out of spare and used as replacement prior to delivery, but the replaced items shall be the property of the Buyer. Unused stores and provisions shall be included in the sale and be taken over by the Buyer without extra payment. Library and forms exclusively for use in the Sellers’ vessel(s) and captain’s, officers’ and crew’s personal belongings including the slop chest are excluded from the sale without compensation, as well as the following additional items: _________________. Items on board which are on hire or owned by third parties are excluded from the sale without compensation. Items on board at the time of delivery which are on hire or owned by third parties, not listed above, shall be replaced or procured by the Sellers prior to delivery at their cost and expense. The Buyer shall take over remaining bunkers which have not yet passed through the Vessel’s systems and unused lubricating and hydraulic oils and greases in storage tanks and unopened drums and pay to Sellers’ (in addition to the Purchase Price) the actual net price (excluding barging expenses) as evidenced by invoices or vouchers; for the quantities taken over. Payment under this Clause shall be made in cash at the same time and place and in the same currency as the Purchase Price.

Spares, bunkers and other items. The Sellers shall deliver the Vessel to the Buyer Buyers with everything belonging to her on board and on shore. All spare parts and spare equipment including spare tail-end shaft(s) and/or spare propeller(s)/propeller blade(s), if any, belonging to the Vessel at the time of delivery inspection used or unused, whether on board or not shall become the Buyer’s Buyers' property, but spares on order are excluded. Forwarding charges, if any, shall be for the Buyer’s Buyers' account. The Sellers are not required to replace spare parts including spare tail-end shaft(s) and spare propeller(s)/propeller blade(s) which are taken out of spare and used as replacement prior to delivery, but the replaced items shall be the property of the BuyerBuyers. Unused stores and provisions shall be included in the sale and be taken over by the Buyer Buyers without extra payment. Library and forms exclusively for use in the Sellers’ ' vessel(s) and captain’s's, officers’ ' and crew’s 's personal belongings including the slop chest are excluded from the sale without compensation, as well as the following additional items: _________________. (include list) Items on board which are on hire or owned by third parties parties, listed as follows, are excluded from the sale without compensation. : (include list) Items on board at the time of delivery inspection which are on hire or owned by third parties, not listed above, shall be replaced or procured by the Sellers prior to delivery at their cost and expense. The Buyer Buyers shall take over remaining bunkers which have not yet passed through the Vessel’s systems and over: (i) unused lubricating and hydraulic oils and greases in storage tanks and unopened drums and pay to Sellers’ either: (in addition to the Purchase Pricea) the actual net price (excluding barging expenses) as evidenced by invoices or vouchers; or (b) the current net market price (excluding barging expenses) at the port and date of delivery of the Vessel or, if unavailable, at the nearest bunkering port, (ii) remaining bunkers and pay: (A) if the Vessel had been employed under a time charter which terminated within 10 days of the date of the Notice of Readiness, the same redelivery price per ton paid to the Sellers by the time charterers upon redelivery of the Vessel to the Sellers under that time charter; or (B) if the Vessel was either not employed under a time charter as contemplated in (A) above or is employed only on a spot charter basis from time to time, a price per ton on the basis of the Platts Price for the relevant bunkers at the intended port of delivery chosen by the Sellers under Clause 5(a) (or the next closest port if no Platts Price is provided for that intended port of delivery), such Platts Price to be determined as of the date of the Notice of Readiness (or, if the Platts Price is not available on such date for any reason, then the most recent date prior to that date at which the Platts Price assessment is available), for the quantities taken over. Payment under this Clause shall be made in cash at the same time and place and in the same currency as the Purchase Price.

Spares, bunkers and other items. The Sellers shall deliver the Vessel to the Buyer Buyers with everything belonging to her on board and on shore. All spare parts and spare equipment including spare tail-end shaft(s) and/or spare propeller(s)/propeller blade(s), if any, belonging to the Vessel at the time of delivery inspection used or unused, whether on board or not shall become the Buyer’s Buyers’ property, but spares on order are excluded. Forwarding charges, if any, shall be for the Buyer’s Buyers’ account. The Sellers are not required to replace spare parts including spare tail-end shaft(s) and spare propeller(s)/propeller blade(s) which are taken out of spare and used as replacement prior to delivery, but the replaced items shall be the property of the BuyerBuyers. Unused stores and provisions shall be included in the sale and be taken over by the Buyer Buyers without extra payment. Library and forms exclusively for use in the Sellers’ vessel(s) and captain’s, officers’ and crew’s personal belongings including the slop chest are excluded from the sale without compensation, as well as the following additional items: _________________Note: Harddisks on network server/ship computers are included in the sale, however the software and data on this hardware as well as all licences are excluded and will be removed/deleted.(include list) This document is a computer generated SALEFORM 2012 form printed by authority of the Norwegian Shipbrokers’ Association. Any insertion or deletion to the form must be clearly visible. In the event of any modification made to the per-printed text of this document which is not clearly visible, the text of the original approved document shall apply. BIMCO and the Norwegian Shipbrokers’ Association assume no responsibility for any loss, damage or expense as a result of discrepancies between the original approved document and this computer generated document. Items on board which are on hire or owned by third parties parties, listed as follows, are excluded from the sale without compensation. : -Acetylene, oxigen and Freon gas bottles rented from Drew Marine - Liferafts rented from Wilhelmsen (include list) Items on board at the time of delivery inspection which are on hire or owned by third parties, not listed above, shall be replaced or procured by the Sellers prior to delivery at their cost and expense. The Buyer Buyers shall take over remaining bunkers which have not yet passed through the Vessel’s systems and unused unbroached lubricating and hydraulic oils and greases in storage tanks and unopened sealed drums and pay to Sellers’ either: (in addition to the Purchase Pricea) the actual net price (excluding barging expenses) as evidenced by invoices or vouchers; or (b) the current net market price (excluding barging expenses) at the port and date of delivery of the Vessel or, if unavailable, at the nearest bunkering port, for the quantities taken over. Exact quantities of unused unbroached lubricating and hydraulic oils in storage tanks shall be measured and agreed by Buyers’ and Sellers’ representatives on board at joint survey shortly before delivery. In case of any dispute(s) the Buyers and the Sellers are to appoint an independent surveyor to measure the quantity at the time of delivery, whose decision shall be final. The surveyor’s fees are to be borne equally by the Sellers and the Buyers. Payment under this Clause shall be made in cash at the same time and place and in the same currency as the Purchase Price.

Spares, bunkers and other items. The Sellers shall deliver the Vessel to the Buyer Buyers with everything belonging to her on board and on shore. All spare parts and spare equipment including spare tail-end shaft(s) and/or spare propeller(s)/propeller blade(s), if any, belonging to the Vessel at the time of delivery inspection used or unused, whether on board or not shall become the Buyer’s Buyers' property, but spares on order are excluded. Forwarding charges, if any, shall be for the Buyer’s Buyers' account. The Sellers are not required to replace spare parts including spare tail-end shaft(s) and spare propeller(s)/propeller blade(s) which are taken out of spare and used as replacement prior to delivery, but the replaced items shall be the property of the BuyerBuyers. Unused stores and provisions shall be included in the sale and be taken over by the Buyer Buyers without extra payment. Library and forms exclusively for use in the Sellers’ ' vessel(s) and captain’s's, officers’ ' and crew’s 's personal belongings including the slop chest are excluded from the sale without compensation, as well as the following additional items: _________________. _ (include list) Items on board which are on hire or owned by third parties parties, listed as follows, are excluded from the sale without compensation. : __ (include list) Items on board at the time of delivery inspection which are on hire or owned by third parties, not listed above, shall be replaced or procured by the Sellers prior to delivery at their cost and expenseexpenses. The Buyer Buyers shall take over remaining bunkers which have not yet passed through the Vessel’s systems and unused lubricating and hydraulic oils and greases in storage tanks and unopened drums and pay to Sellers’ either: (in addition to the Purchase Pricea) the actual net price (excluding barging expenses) as evidenced by invoices or vouchers; or (b) the current net market price (excluding barging expenses) at the port and date of delivery of the Vessel or, if unavailable, at the nearest bunkering port, for the quantities taken over. The Sellers shall deliver the Vessel to the Buyers with everything belonging to her on board, broached / unbroached stores, including spare propeller and spare tailend shaft, including all spare parts and spare equipment onboard at time of inspection without extra cost to the Buyers including all wireless and navaids, loading instrument (loadicator) and GMDSS, without any removals, unless such items if needed to be used as replacements prior to delivery. The replaced parts always to remain on board as the Vessel's property. Excluded from the sale are the master's, officer's and crew's personal belongings, slop chest and hired items which are to be notified as being such with evidence by suppliers' hire agreement, if any. Extra payment shall be made for bunkers and unused lubricating oils and hydraulic oils in storage tanks and unopened, unbroached drums and greases in unopened, unbroached drums remaining onboard at the Sellers' last net purchase prices as evidenced by supporting invoices with the discounts the Sellers have from their supplier, if any. Both Sellers and Buyers shall have their representative(s) on board to conduct a joint survey on the bunkers and unused lubricating oils and hydraulic oils and greases and sign an acknowledgement receipt at the day of delivery and at the delivery place of the Vessel. Payment under this Clause shall be made in cash at the same time and place and in the same currency as the Purchase Price.,