Common use of Technical Management Clause in Contracts

Technical Management. (only applicable if agreed according to Box 6) The Managers shall provide technical management which includes, but is not limited to, the following functions: (i) provision of competent personnel to supervise the maintenance and general efficiency of the Vessel; (ii) arrangement and supervision of dry dockings, repairs, alterations and the upkeep of the Vessel to the standards required by the Owners provided that the Managers shall be entitled to incur the necessary expenditure to ensure that the Vessel will comply with the law of the flag of the Vessel and of the places where she trades, and all requirements and recommendations of the classification society; (iii) arrangement of the supply of necessary stores, spares and lubricating oil; (iv) appointment of surveyors, service engineers, and technical consultants as the Managers may consider from time to time to be necessary; (v) development, implementation and maintenance of a Safety Management System (SMS) in accordance with the ISM Code (see sub-clauses 4.2 and 5.3) and a Planned Maintenance System; (vi) Handling any claims against the builder of the Vessel arising out of the relevant shipbuilding contract, if applicable; and (vii) On request by the Owners, obtaining and / or providing the Owners with a copy of any inspection report, survey, valuation or any other similar report prepared by any shipbrokers, surveyors, the Class etc.

Technical Management. (only applicable if agreed according to Box 6) The Managers shall provide technical management necessary for the operation of the Vessel which includes, but is not limited to, the following functions: (i) provision of competent personnel to supervise the maintenance and general efficiency of the Vessel; (ii) arrangement and supervision of dry dockings, repairs, alterations Alterations and the upkeep of the Vessel to the standards required by the Owners provided that the Managers shall be entitled to incur the necessary expenditure to ensure that the Vessel will comply with the law of the flag of the Vessel and of the places where she trades, and all requirements and recommendations of the classification society; (iii) arrangement of the supply of necessary stores, spares and lubricating Lubricating oil; (iv) appointment of surveyors, service engineers, surveyors and technical consultants as the Managers may consider from time to time to be necessary; (v) development, implementation and maintenance of a Safety Management System (SMS) in accordance with the ISM Code (see sub-clauses 4.2 and 5.3) and of a Planned Maintenance System;security system in accordance with the ISPS Code; and (vi) Handling handling any claims against the builder of the Vessel arising out of the relevant shipbuilding contract, if applicable; and (vii) On on request by the Owners, obtaining and / or providing the Owners with a copy of any inspection Inspection report, survey, valuation or any other similar report prepared by any shipbrokers, surveyors, the Class etc.,

Technical Management. (only applicable if agreed according to Box 6) The Managers shall provide technical management which includes, but is not limited to, the following functions: (i) provision of competent personnel to supervise the maintenance and general efficiency of the Vessel; (ii) arrangement and supervision of dry dockings, repairs, alterations and the upkeep of the Vessel to the standards required by the Owners provided that the Managers shall be entitled to incur the necessary expenditure to ensure that the Vessel will comply with the law of the flag of the Vessel and of the places where she trades, and all requirements and recommendations of the classification society; (iii) arrangement of the supply of necessary stores, spares and lubricating oil; (iv) appointment of surveyors, service engineers, and technical consultants as the Managers may consider from time to time to be necessary; (v) development, implementation and maintenance of a Safety Management System (SMS) in accordance with the ISM Code (see sub-clauses 4.2 and 5.3) and a Planned Maintenance System; (vi) Handling any claims against the builder of the Vessel arising out of the relevant shipbuilding contract, if applicable; and (vii) On request by the Owners, obtaining and obtaining_and / or providing the Owners with a copy of any inspection report, survey, valuation or any other similar report prepared by any shipbrokers, surveyors, the Class etc.