Crewmen Assignment Supplemental Agreement (Unofficial Translation)
(Unofficial
Translation)
Party A (Lessor): Lianyungang
Hengrong Shipping Service Co., Ltd.
Address: Road 6 Development
District, Lianyun District, Lianyungang City
Address of Fuzhou branch: 803 Time
International Square, 00 Xxxxxxxxxxxx Xxxx, Xxxxx Xxxxxxxx, Xxxxxx
Xxxx
Legal Representative: XXXX
Xxxxxxx
Party B (Lessee): Fujian Xing
Gang Shipping Service Co., Ltd.
Address: Xxxxx 00, Xxxxx X,
Xxxxxxxxx Xxxxxxxx, 000 Xxxxxx Xxxx, Xxxxxx Xxxx.
Legal Representative: XXX
Xxxx
Whereas
the two parties entered into Supplemental Ship Lease
Agreement on April 13th, 2010,
through friendly consultation, Party A and Party B agree upon the following
supplements to the Crew
Allocation Agreement executed on January 8th,
2008:
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1.
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As
the lease term of Hengshengjun 88 is renewed until January 9th,
2016, the term of the crew allocation designated in the original agreement
is renewed accordingly until January 9th,
2010 upon the expiration of the original
agreement;
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2.
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Refer
to the attached Crew
Allocation List for the structure and number of the crew members
provided by Party A;
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3.
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The
crew allocation fees designated in the original agreement stay unchanged
at RMB three hundred thousand yuan even (¥300,000.00 yuan) per
month. The payment is made by
season;
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4.
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The
crew allocation fees include salaries, benefits, social insurances
(including but not limited to endowment insurance, unemployment insurance,
medical care insurance, maternity insurance, employment injuries
insurance, housing fund, and commercial insurance) and bonus that Party A
is obliged to pay to the crew members of Hengshengjun 88. Party
A is responsible for the social insurance and benefits of the
crew;
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5.
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After
the term expires in 2016, under the same conditions, Party B has the
priority to hire the crew given that Party B continue to lease ships from
Party A;
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6.
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Party
A ensures that all crew members possess the professional skills and
required licenses corresponding to their
work.
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7.
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Other
items in the original agreement do not
change.
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8.
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This
supplemental agreement has the same legal validity as the original
agreement.
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Party A: Lianyungang Hengrong
Shipping Service Co., Ltd. (Seal)
Legal Representative: XXXX
Xxxxxxx /s/
Party B: Fujian Xing Gang Port
Service Co., Ltd. (Seal)
Legal Representative: XXX Xxxx
/s/
Date of execution: May 21st,
2010
