Common use of Technical Management Clause in Contracts

Technical Management. The Managers shall provide technical management which includes, but is not limited to the following functions: (i) provision of personnel to supervise the maintenance and general efficiency of the Vessel; (ii) arrangement and supervision of drydockings, repairs, modifications to and the upkeep of the Vessel to the standards agreed with the Owners provided that the Managers shall be entitled to incur the necessary expenditure to ensure that the Vessel will comply with all requirements and recommendations of the classification society and equipment manufacturers, and with the laws and regulations of the country of registry of the Vessel and of the places where she trades; (iii) arrangement of periodic analysis of the bunker fuel, lubricating oils and chemicals by third parties (the costs being included in the Vessel’s running costs); (iv) appointment of surveyors and technical consultants as the Managers may consider from time to time to be necessary; (v) visits to the Vessel by superintendents or other staff of the Managers for up to 15 days in any calendar year (or pro rata for part of a calendar year) including time spent travelling; (vi) notifying the Owners of any extraordinary and/or non-budgeted single item of expenditure in excess of US$50,000; (vii) development, implementation and maintenance of an SMS and an SSP.

Technical Management. The Managers shall provide technical management which includes, but is not limited to the following functions: : - (i) provision of personnel to supervise the maintenance and general efficiency of the Vessel; ; (ii) arrangement and supervision of drydockings, repairs, modifications to and the upkeep of the Vessel to the standards agreed with the Owners provided that the Managers shall be entitled to incur the necessary expenditure to ensure that the Vessel will comply with all requirements and recommendations of the classification society and equipment manufacturers, and with the laws and regulations of the country of registry of the Vessel and of the places where she trades; ; (iii) arrangement of periodic analysis of the bunker fuel, lubricating oils and chemicals by third parties (the costs being included in the Vessel’s running costs); ; (iv) appointment of surveyors and technical consultants as the Managers may consider from time to time to be necessary; ; (v) visits to the Vessel by superintendents or other staff of the Managers for up to 15 days in any calendar year (or pro rata for part of a calendar year) including time spent travelling; ; (vi) notifying the Owners of any extraordinary and/or non-budgeted single item of expenditure in excess of US$US$ 50,000; ; (vii) development, implementation and maintenance of an SMS and an SSP.

Technical Management. The Managers shall provide technical management which includes, but is not limited to the following functions: : (i) provision of personnel to supervise the maintenance and general efficiency of the Vessel; ; (ii) arrangement and supervision of drydockings, repairs, modifications to and the upkeep of the Vessel to the standards agreed with the Owners provided that the Managers shall be entitled to incur the necessary expenditure to ensure that the Vessel will comply with all requirements and recommendations of the classification society and equipment manufacturers, and with the laws and regulations of the country of registry of the Vessel and of the places where she trades; ; (iii) arrangement of periodic analysis of the bunker fuel, lubricating oils and chemicals by third parties (the costs being included in the Vessel’s running costs); ; (iv) appointment of surveyors and technical consultants as the Managers may consider from time to time to be necessary; ; (v) visits to the Vessel by superintendents or other staff of the Managers for up to 15 days in any calendar year (or pro rata for part of a calendar year) including time spent travelling; ; (vi) notifying the Owners of any extraordinary and/or non-budgeted single item of expenditure in excess of US$50,000; ; (vii) development, implementation and maintenance of an SMS and an SSP.