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EXHIBIT 10.34.3
September 19, 1996
Horizon Seismic Inc.
00000 Xxxxxxxxxx Xx., Xxxxx 000
Xxxxxxx, Xxxxx 00000
Attn: Mr. Xxxx Xxxxx
Vice President
RE: TIME CHARTER OF M/V XXXXXXX TIDE
OFFICIAL NUMBER 663944
Gentlemen:
Reference is made to that certain letter agreement dated February 12,
1996 governing the time charter of the captioned vessel between Tidewater
Marine, Inc. ("OWNER") and Horizon Seismic Inc. ("CHARTERER") pursuant to the
terms and conditions of that certain Blanket Time Charter dated February 9,
1996, between OWNER and CHARTERER. The purpose of this letter agreement is to
revise and extend the term of the reference letter agreement as follows:
1. Minimum Term - The minimum term specified in Clause 5 of the
referenced letter agreement is hereby extended through
September 19, 1997.
2. Daily Charter Rate - The text of Clause 7 of the referenced
letter agreement is hereby deleted and replaced with the
following: "Effective at 0001 hours on September 20, 1996,
The Vessel's daily charter rate payable to OWNER by CHARTERER
for its use of the Vessel shall be Five Thousand Seven
Hundred and no/100 ($5,700.00) U.S. Dollars. In addition
CHARTERER shall pay OWNER One Hundred, Fifty and no/100
($150.00) U.S. Dollars per day for a xxxx and One Hundred and
no/100 ($100.00) U.S. Dollars per day for a xxxxxxx.
3. Crew Size - The text of Clause 9D of the referenced letter
agreement is hereby deleted and replaced with the following:
"OWNER" agrees that the crew complement required for the
operation of the Vessel, and which shall be furnished by OWNER
and is included in the Vessel's daily charter rate, shall be a
total of six (6) persons consisting of two (2) masters, one
(1) mate, one (1) engineer, one (1) oiler, and one (1)
able-bodied seamen.
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Horizon Seismic Inc.
September 19, 1996
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All other terms and conditions in the referenced letter agreement and
in the Blanket Time Charter not inconsistent herewith shall remain as
originally written. If the foregoing meets with your approval, please so
indicate by signing both counterparts hereof and returning one to them to us
for our files.
Very truly yours,
TIDEWATER MARINE, INC.
/s/ Xxxxxxx Xxxxx
Xxxxxxx Xxxxx
Vice President
Agreed and Accepted
Horizon Seismic, Inc.
By: /s/ Xxxxx Xxxxx
Its: Vice President
