UNITED STATES DISTRICT COURT SOUTHERN DISTRICT OF NEW … · 4. I have read the foregoing Verified Complaint and know the contents thereof and believe the same to be true and accurate

UNITED STATES DISTRICT COURT SOUTHERN DISTRICT OF NEW YORK -------------------------------------------------------X D’AMICO DRY D.A.C. : : Plaintiff, : : - against - : : 20-cv______ MCINNIS CEMENT INC. : : Defendant. : -------------------------------------------------------X

VERIFIED COMPLAINT

Plaintiff, D’AMICO DRY D.A.C. (“Plaintiff” or “d’Amico Dry”), by and through its

attorneys, Tisdale Law Offices, LLC, as and for its Verified Complaint against the Defendant,

MCINNIS CEMENT INC. (“Defendant” or “McInnis Cement”), alleges, upon information and

belief, as follows:

JURISDICTION AND VENUE

1. This is an admiralty and maritime claim within the meaning of Rule 9(h) of the

Federal Rules of Civil Procedure and 28 U.S.C. § 1333 since the claim for which security is sought

arises out of a Charter Party dated 10 February 2017, the breach of which gives rise to a maritime

claim.

2. As will be discussed more fully herein, Plaintiff commenced expedited arbitration

against Defendant in accordance with the Charter Party, the Federal Arbitration Act 9 U.S.C. § 1

et seq. and the rules of the Society of Maritime Arbitrators, of New York (“SMA”) by appointing

an arbitrator and demanding that Defendant do the same. Defendant has now appointed its

arbitrator but has declined the request for expedited arbitration.

Case 1:20-cv-03731-VEC Document 1 Filed 05/14/20 Page 1 of 9

2

3. A true copy of the Charter Party is attached hereto as Exhibit 1 and will be

specifically identified infra.

4. Venue is proper in this district because there is or will be during the pendency of

this action property due and owing to the Defendant within this district and in the hands of a non-

party garnishee, namely National Bank of Canada New York Branch located in New York, which

has an office and place of business within this Judicial District.

5. It is believed that non-party Garnishee National Bank of Canada New York Branch

may be holding property subject to this maritime attachment since Defendant banks with National

Bank of Canada New York Branch located in New York and has used this account in the near past

in transactions with Plaintiff.

PARTIES

6. Plaintiff d’Amico Dry is a foreign corporation organized and existing under the law

of Ireland with an office and principal place of business in Ireland. At all material times, d’Amico

Dry has had an agent d’Amico Shipping USA Ltd (“d’Amico USA”) located in Stamford,

Connecticut.

7. Upon information and belief, Defendant McInnis Cement is a Canadian business

entity with a principal place of business in Montreal, Quebec. At all material times, McInnis

Cement has had an agent McInnis USA Inc, which is a Delaware corporation with its principal

place of business in Stamford, Connecticut. McInnis USA is believed to lease premises located at

50 Oak Point Ave, The Bronx, New York.

DEFENDANT’S BREACH OF THE CHARTER PARTY

8. On or about 10 February 2017, Plaintiff entered a charter party with Defendant for

the charter of the CIELO DI GASPESIE (“Vessel”), for the carriage of between 31,500 and 34,000


3

metric tons cement on consecutive voyages between Port Daniel, Quebec, Canada and Providence,

Rhode Island and/or The Bronx, New York commencing on February 15, 2018 up to and including

December 31, 2021. See Exhibit 1. Each voyage was estimated to take approximately 15 days,

all going well.

9. The Charter Party was negotiated between representatives of d’Amico USA and

McInnis USA through brokers, BRS USA, in Stamford, CT. The Charter Party was signed by

Luciano Bonaso, the Chief Executive Officer of d’Amico Dry from Monte Carlo, Monaco and

Mark Newhart, identified as the Vice President of McInnis Cement.

10. With the exception of some communications with McInnis personnel located in

New York when the Plaintiff’s Vessel was preparing to call in New York to discharge cargo, all

communications concerning this Charter Party were with McInnis USA in Stamford, CT or with

McInnis Cement in Quebec, Canada.

11. The vast majority of communications with Defendant concerning this Charter Party

were conducted with McInnis Cement personnel in Quebec.

12. Although the Defendant had agreed to load between 31,500 and 34,000 metric tons

of cement on board the Vessel for each voyage, Defendant loaded an average of approximately

28,000 metric tons of cargo, resulting in significant “deadfreight” charges to the Defendant

throughout the charter period. In addition, although Defendant agreed to load cargo at the rate of

20,000 metric tons per weather working day and discharge the cargo at 10,000 metric tons per

weather working day (in order to make the anticipated 15 day roundtrip voyage), an average 13

additional days were spent at the load or discharge ports per voyage to load and discharge the short

loaded quantity of cement resulting in substantial demurrage charges to the Defendant throughout

this Charter. Instead of the guaranteed minimum of 47 and maximum of 66 voyages which should


4

have taken place between February15, 2018 and May 1, 2020, only 26 voyages have been

performed. Because of Defendant’s inability to perform as agreed in the Charter Party, upon

information and belief, Defendant has chartered other vessels which it believes are better suited to

load and discharge at its terminals, despite being obligated to perform its agreed obligations until

December 31, 2021 in accordance with its charter with Plaintiff.

13. On April 17, 2020, Defendant McInnis Cement notified Plaintiff D’Amico of its

declaration of force majeure pursuant to Clause 34 of the Charter due to what Defendant alleged

are the extraordinary and unprecedented impacts of COVID-19 on McInnis Cement’s operations

and cement shipments in the Northeastern United States. Defendant contends that the force

majeure event may preclude its employment of the Vessel until the conclusion of the Charter,

December 31, 2021. Exhibit 2.

14. Defendant’s declaration of force majeure under Clause 34 due to the current Covid-

19 pandemic was unwarranted and simply another tactic to continue to justify its cancelation of

the Charter because of its inability to perform its obligations thereunder.

15. The declaration of the force majeure under Clause 34 does not afford the Defendant

the right to suspend the contract under these circumstances.

16. Further, Defendant has failed to demonstrate, and cannot demonstrate, that their

business has been frustrated in such a way as to be afforded relief under the force majeure

provisions of this Charter.

17. Defendant’s alleged inability to perform is unrelated to COVID-19, and has existed

throughout its attempted performance under the Charter.

18. Defendant has offered no explanation for its continued failure to perform its

obligations under the Charter Party.


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19. As a result, Defendant has breached the Charter Party dated 10 February 2017 and

Plaintiff has commenced arbitration in accordance with same. Exhibit 3. Plaintiff has requested

expedited arbitration, a recognized feature of maritime arbitration when the parties so agree, to

address the Defendant’s declaration of force majeure, but the Defendant has declined that request.

Exhibit 4. Instead, Defendant proposes that the parties delay arbitration until McInnis Cement’s

declares the force majeure event concluded. Exhibit 4.

20. The Charter Party provides for arbitration in New York and the application of U.S.

maritime law.

21. The Society of Maritime Arbitrators (“SMA”) routinely awards attorneys’ fees and

arbitrator’s fees to prevailing parties.

RULE B MARITIME ATTACHMENT

22. Given the factual background set out above, Defendant is liable in damages to pay

the following sums to Plaintiff:

A. Cleaning from Cement to prepare the holds for the carriage of the next cargo $ 272,500

B. Differential of cost between marine gasoil

and low sulfur fuel oil as the vessel was supposed to trade ECA area for the next 18 months $ 15,000

C. Estimated loss of charter hire/freight from May 15, 2020 until December 31, 2021 $3,705,000

D. Interest at 6% $ 239,550

E. Legal fees $ 500,000

F. Arbitrators fees $ 250,000

TOTAL $4,982,050


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23. Plaintiff sent its invoices for sums owed under the Charter Party to McInnis Cement

care of its agent McInnis USA. Invoices have traditionally been paid on behalf of McInnis Cement

from the account of McInnis USA at National Bank of Canada’s New York branch.

24. Upon information and belief, non-party Garnishee National Bank of Canada has

offices and places of business this Judicial District. Based on this information, it is believed that

Defendant holds assets at National Bank of Canada New York Branch.

25. Upon information and belief, Defendant holds bank accounts or other assets or

property at National Bank of Canada in this District. See Exhibit 5, Redacted National Bank of

Canada instructions.

26. As evidenced by the Redacted National Bank of Canada payment advices,

Defendant maintains one or more bank accounts at National Bank of Canada New York branch.

27. Since Defendant has used National Bank of Canada New York branch to perform

banking transactions with Plaintiff in the past, Plaintiff believes that National Bank of Canada may

be holding funds, accounts, credits, or other property of Defendant in New York.

28. Upon information and belief, Garnishee National Bank of Canada New York

branch holds property belonging to Defendant in this District.

29. Plaintiff seeks security for its already commenced New York arbitration

proceedings.

30. Although Defendant is believed to lease property within New York, it cannot be

found within the district within the meaning of Supplemental Admiralty Rule B. Plaintiff has filed

herewith a Memorandum of Law which addresses this issue.

31. As stated on its website, Defendant’s affiliated entity McInnis USA Inc. maintains

its headquarters in Stamford, Connecticut. Defendant does not appear to have a physical presence


7

in the Southern District of New York other than leased premises located at 50 Oak Point Ave,

Bronx, New York.

32. As demonstrated by the attached declaration, Plaintiff has attempted to search for

the Defendant in this Judicial District, but has been unable to locate an agent for service of process

or evidence that Defendant is subject to general personal jurisdiction in NY that would subject

Defendant to being “found” within the District within the meaning of Rule B.

33. The Defendant cannot be found within this District within the meaning of Rule B

of the Supplemental Rules for Certain Admiralty and Maritime Claims of the Federal Rules of

Civil Procedure, but, upon information and belief, Defendant has, or will have during the pendency

of this action, assets within this District and subject to the jurisdiction of this Court, held in the

hands of a garnishee within the District including but not limited to National Bank of Canada New

York branch.

34. The Plaintiff seeks an order from this Court directing the Clerk of Court to issue

Process of Maritime Attachment and Garnishment pursuant to Rule B of the Supplemental Rules

for Certain Admiralty and Maritime Claims, attaching, inter alia, any property of the Defendant

held by National Bank of Canada New York branch. or any other garnishees within the District

for the purpose of obtaining security for the soon to be commenced arbitration proceedings.

WHEREFORE, Plaintiff prays:

A. That process in due form of law issue against the Defendant, citing it to appear and

answer under oath all and singular the matters alleged in the Verified Complaint, failing which

default judgment be entered against it in the sum of US $4,982,050;

B. That since the Defendant cannot be found within this District pursuant to Rule B of

the Supplemental Rules for Certain Admiralty and Maritime Claims, this Court issue an Order


8

directing the Clerk of Court to issue Process of Maritime Attachment and Garnishment pursuant

to Rule B of the Supplemental Rules for Certain Admiralty and Maritime Claims, also pursuant to

the United States Arbitration Act, 9 U.S.C. §§ 1 and 8, attaching all goods, chattels, credits, letters

of credit, bills of lading, funds, effects, debts and monies, tangible or intangible, or any other funds

up to the amount of US $4,982,050 belonging to, due or being transferred to, from, or for the

benefit of the Defendant MCINNIS CEMENT INC. including but not limited to such property as

may be held, received or transferred in Defendant’s name or as may be held, received or transferred

for its benefit at, moving through, or within the possession, custody or control of NATIONAL

BANK OF CANADA NEW YORK BRANCH or any banking/financial institutions and/or other

institutions or such other garnishees to be named, and that all persons claiming any interest in the

same be cited to appear and pursuant to Supplemental Admiralty Rule B answer the matters alleged

in the Verified Complaint.

C. That this Court award Plaintiff the attorneys’ fees and costs incurred in this action;

and

D. That the Plaintiff have such other, further and different relief as the Court deems

just, proper and equitable.

Dated: New York, NY May 14, 2020 Attorneys for Plaintiff, D’AMICO DRY D.A.C. By: ___________/s/____________________ Thomas L. Tisdale (TT5263) Tisdale Law Offices, LLC 200 Park Avenue, Suite 1700 New York, NY 10166

Tel: 212-354-0025 [email protected]


ATTORNEY'S VERIFICATION

Thomas L. Tisdale, an attorney duly authorized to practice before this Honorable Court,

under the penalty of perjury of the laws of the United States, declares as follows:

I. My name is Thomas L. Tisdale.

2. I am over 18 years of age, of sound mind, capable of making this Verification, and

fully competent to testify to all matters stated herein.

3. I am an attorney at Tisdale Law Offices, LLC, attorneys for the Plaintiff.

4. I have read the foregoing Verified Complaint and know the contents thereof and

believe the same to be true and accurate to the best of my knowledge, information

and belief.

5. The reason why this Verification is being made by the deponent and not by the

Plaintiff is that the Plaintiff is a business organization with no officers or directors

now within this District.

6. The source of my knowledge and the grounds for my belief are the statements made,

and the documents and information received from, the Plaintiff and agents and/or

representatives of the Plaintiff.

7. I am authorized to make this Verification on behalf of the Plaintiff.

8. The foregoing is true and correct under penalty of perjury of the laws of the United

States of America.

Dated: May~' 2020 NewYork,NY

9


EXHIBIT 1

Case 1:20-cv-03731-VEC Document 1-1 Filed 05/14/20 Page 1 of 24

CODE NAME: Gencon

RECOMMENDED

Adopted by the Documentary Committee of the

Chamber of Shipping of the United Kingdom

FIRST ORIGINAL

Issued to come into force for fixtures on and after 15th September 1922

The Documentary Council of the Baltic and White Sea Conference (The Baltic and International Maritime Conference)

UNIFORM GENERAL CHARTER AS REVISED 1922

(only to be used for trades for which no approved form is in force)

…Stamford, CT, February 10, 2017

Owners 1. IT IS THIS DAY MUTUALLY AGREED between …..D’Amico Dry D.A.C. 1

...Dublin… 2

Owners of the steamer or motor-vessel …”D’AMICO TBN” (See Clause 43) 3

of ….. tons gross/net Register and carrying about ….. tons of deadweight cargo, 4

Position now trading ….. 5

Charterers expected ready to load under this Charter about ….. 6

and Messrs. ….. McInnis Cement Inc., 1350 René-Lévesque Blvd West, Suite 205

Montreal (Quebec) H3G 2W2, Canada

…..

7

Where to as Charterers, 8

Load That said vessel shall proceed to one (1) good safe berth Port Daniel where there is 40.0 ft

salt water arrival draft. Owners to satisfy themselves of port restrictions at load ports.

9

….. or so near thereto as she may safely get and lie 10

Cargo always afloat, and there load upto a full and complete cargo (if shipment of deck cargo 11

Agreed same to be at Charterers’ risk) of One/Two grades of Bulk Cement to be loaded for 12

each lifting. In case of two grades, cargo split to be arranged in order to ensure maximum

cargo intake.

13

Period: 14

Firm period consisting of consecutive voyages starting from February 15th, 2018 up to and

including December 31st, 2021. (See Clause 20)

15

(Charterers to provide all mats and/or wood for dunnage and any separations required, 16

the Owners allowing the use of any dunnage wood on board if required) which the 17

Charterers bind themselves to ship, and being so loaded the vessel shall proceed to one (1) 18

safe berth New Oak Point, McInnis Cement Berth, New York where there is 34.5 ft. 19

Destination brackish water arrival draft. Or in Charterers’ option, one (1) safe berth Providence, where 20

there is 40.0 ft. brackish water arrival draft. Owners to satisfy themselves of port restrictions 21

at discharge ports. (Also see Clause 20) 22

as ordered on signing Bills of Lading or so near thereto as she may safely get and 23

lie always afloat and there deliver the cargo on having been being paid freight – on

delivered/intaken

24

quantity as follows (See Clause 17) 25

Rate of … 26

Freight ….. 27

….. 28

2. Owners are to be responsible for loss of or damage to the goods or for 29

Owners’ delay in delivery of the goods only in case the loss, damage or delay has been caused 30

Responsibility by the improper or negligent stowage of the goods (unless stowage 31

Clause performed by shippers or their stevedores or servants) or by personal want of due diligence on

the

32

part of the Owners or their Manager to make the vessel in all respects seaworthy 33


FIR

ST

OR

IGIN

AL

an

d to

secure th

at she is p

rop

erly m

an

ned

, equip

ped

and

sup

plied

or b

y th

e perso

nal

34

act o

r defau

lt of th

e Ow

ners o

r their M

anger. S

tow

ag

e to b

e un

der M

aster’s su

pervisio

n.

35

A

nd

the O

wn

ers are respo

nsib

le for n

o lo

ss or d

amage o

r dela

y arisin

g fro

m

36

an

y o

ther cau

se wh

atsoev

er, even

from

the n

eglect o

r defau

lt of th

e Cap

tain o

r crew

3

7

o

r som

e oth

er perso

n e

mp

loyed

by th

e ow

ners o

n b

oard

or ash

ore fo

r who

se acts 3

8

th

ey w

ould

, but fo

r this cla

use

, be resp

onsib

le, or fro

m u

nse

aw

orth

iness o

f the v

essel

39

o

n lo

adin

g o

r com

men

cem

ent o

f the v

oyage o

r at any tim

e whatso

ever.

40

D

am

age cau

sed b

y co

ntact w

ith o

r leakag

e, smell o

r evap

oratio

n fro

m o

ther

41

go

od

s or b

y th

e infla

mm

able o

r exp

losiv

e natu

re or in

sufficie

nt p

ackage o

f oth

er go

od

s 4

2

no

t to b

e consid

ered as cau

sed b

y im

pro

per o

r neg

ligent sto

wage, ev

en if in

fact 4

3

so

caused

. 4

4

Dev

iatio

n

3. T

he v

essel has lib

erty to

call at an

y p

ort o

r po

rts in an

y o

rder, fo

r any

4

5

Cla

use

p

urp

ose, to

sail with

out p

ilots, to

tow

and

/or assist v

essels in

all situatio

ns, a

nd

4

6

also

to d

eviate fo

r the p

urp

ose

of sav

ing life an

d/o

r pro

perty

. 4

7

Pa

ym

ent o

f 4

. The freig

ht to

be p

aid a

s per C

lau

se 17

in cash

with

out d

iscount o

n d

elivery

of th

e cargo

4

8

Fre

igh

t at m

ean rate o

f exchan

ge ru

ling o

n d

ay o

r day

s of p

aym

ent, th

e receivers o

f the

49

carg

o b

eing b

ou

nd

to p

ay freig

ht o

n acco

un

t durin

g d

elivery

, if required

by C

aptain

5

0

o

r Ow

ners.

51

C

ash fo

r vessel’s o

rdin

ary d

isburse

ments at p

ort o

f load

ing to

be ad

van

ced

52

b

y C

harterers if req

uired

at hig

hest cu

rrent rate o

f exchange, su

bject to

two

per cen

t 5

3

to

cover in

sura

nce an

d o

ther e

xp

ense

s. 5

4

Lo

ad

ing

5

. Carg

o to

be lo

ad

ed a

s per C

lau

se 20

bro

ught alo

ng

side in

such

a manner as to

enab

le

vessel

55

to

take th

e go

od

s with

her o

wn tack

le and

to lo

ad th

e full ca

rgo

in …

.. 5

6

ru

nnin

g w

ork

ing d

ays. C

harte

rers to p

rocu

re and

pay

the n

ecessary

men o

n sh

ore o

r 5

7

b

oard

the lig

hters to

do

the w

ork

there, v

essel o

nly

heav

ing th

e cargo

on b

oard

. 5

8

If th

e load

ing ta

kes p

lace by elev

ator carg

o to

be p

ut free in

vessel’s h

old

s, 5

9

O

wners o

nly

payin

g trim

min

g ex

pen

ses.

60

A

ny p

ieces an

d/o

r pack

ages o

f cargo

over tw

o to

ns w

eig

ht, sh

all be lo

aded

6

1

sto

wed

and

disch

arged

by C

harterers at th

eir risk a

nd

exp

ense.

62

T

ime to

com

men

ce at 1 p

.m. if n

otice o

f readin

ess to lo

ad is g

iven b

efore

6

3

no

on an

d at 6

a.m. n

ext w

ork

ing d

ay if n

otice g

iven d

urin

g o

ffice ho

urs a

fter no

on,

64

T

he n

otice to

be g

iven

to th

e Ship

pers, M

essrs (as p

er Cla

use 1

8)

65

…

.. 6

6

T

ime lo

st in w

aiting fo

r berth

to co

unt as lo

adin

g tim

e. 6

7

Disch

arg

ing

6

. Carg

o to

be d

ischa

rged

as p

er Cla

use 2

0. receiv

ed b

y M

erchan

ts at their risk

and

exp

ense

along

side

68

th

e vessel n

ot b

eyo

nd

the reac

h o

f her tac

kle an

d to

be d

ischarg

ed in

…..

69

…

.. tun

nin

g w

ork

ing d

ays. T

ime to

com

men

ce at 1 p

.m. if n

otice o

f readin

ess to

70

d

ischarg

e is giv

en b

efore n

oo

n, an

d at 6

a.m. n

ext w

ork

ing d

ay if n

otice g

iven d

urin

g

71

o

ffice ho

urs a

fter no

on.

72

T

ime lo

st in w

aiting fo

r berth

to co

unt as d

ischarg

ing tim

e, 7

3

Dem

urra

ge

7. T

en ru

nnin

g d

ays o

n d

em

urrag

e at the rate o

f (See C

lau

se 21

) 7

4

p

er day

or p

ro rata fo

r any p

art of a d

ay p

ayab

le day b

y d

ay to

be allo

wed

Merch

ants

75

alto

geth

er at po

rts of lo

adin

g a

nd

disch

argin

g.

76

8

. Ow

ners sh

all hav

e a lien o

n th

e cargo

for freig

ht, d

ead-freig

ht, d

em

urrag

e

77

an

d d

am

ages fo

r deten

tion

. Charterers sh

all re

main

respo

nsib

le for d

ead-freig

ht an

d

78

L

ien C

lause, d

em

urrag

e (inclu

din

g d

am

ages fo

r deten

tion), in

curred

at po

rt of lo

adin

g.

Charterers

79

sh

all also re

main

respo

nsib

le for freig

ht a

nd

dem

urrag

e (inclu

din

g d

am

ages fo

r deten

tion

) 8

0

in

curred

at po

rt of d

ischarg

e, but o

nly

to su

ch ex

tent as th

e Ow

ners h

ave b

een

8

1

unab

le to o

btain

paym

ent th

ereof b

y ex

ercising th

e lien o

n th

e cargo

. 8

2

Bills o

f 9

. The C

aptain

to sig

n B

ills of L

adin

g at su

ch rate o

f freight as p

resented

8

3

La

din

g

with

out p

rejud

ice to th

is Charterp

arty, b

ut sh

ou

ld th

e freight b

y B

ills of L

adin

g

84

am

ou

nt to

less than th

e total c

hartered

freight th

e differen

ce to b

e paid

to th

e Cap

- 8

5

tain

in cash

on sig

nin

g B

ills of L

adin

g

86

~


FIR

ST

OR

IGIN

AL

Str

ike-, W

ar-

10

. Strik

e-Cla

use, W

ar-Clau

se and

Ice-Clau

se as belo

w.

87

an

d Ice

-

Cla

uses

Ca

ncellin

g

11

. Sho

uld

the v

essel no

t be read

y to

load

(wheth

er in b

erth o

r no

t) 8

8

Cla

use

o

n o

r befo

re ….. C

harterers h

ave th

e op

tion o

f cancellin

g th

is con

tract, 8

9

su

ch o

ptio

n to

be d

eclared, if d

emand

ed, at least 4

8 h

ours b

efore v

essel’s exp

ected

90

arriv

al at po

rt of lo

adin

g. S

ho

uld

the v

essel be d

elayed

on a

ccount o

f averag

e 9

1

o

r oth

erwise, C

harterers to

be in

form

ed as so

on as p

ossib

le, and

if the v

essel is

92

d

elayed

for m

ore th

an 1

0 d

ays after th

e day sh

e is stated to

be ex

pected

ready to

9

3

lo

ad, C

harterers h

ave th

e op

tion o

f cancellin

g th

is contract, u

nle

ss a cancellin

g d

ate

94

has b

een a

greed

up

on.

95

Gen

era

l 1

2. G

eneral av

erage to

be settled

accord

ing to

Yo

rk-A

ntw

erp R

ules, 1

99

4 o

r an

y

am

endm

ents th

ereto, P

ro-

96

Av

era

ge

prieto

rs of carg

o to

pay

the carg

os sh

are in th

e general ex

pen

ses even if sa

me h

ave

97

b

een n

ecessitated th

roug

h n

eg

lect or d

efault o

f the O

wn

ers’ servants (see C

lause 2

). 9

8

Ind

em

nity

1

3. In

dem

nity

for n

on

-perfo

rman

ce of th

is Charterp

arty, p

roved

dam

ages, n

ot

99

ex

ceedin

g estim

ated a

mo

unt o

f freight

10

0

Ag

ency

1

4. In

every

case the O

wn

er shall ap

po

int h

is ow

n B

roker o

r Agent b

oth

1

01

at th

e po

rt of lo

adin

g an

d th

e po

rt of d

ischarg

e. 1

02

Bro

ker

ag

e

15

. 2.5

% b

rokerag

e on th

e freigh

t, dead

freight an

d d

em

urrag

e earned

is due to

BR

S U

SA

. 1

03

…

.. 1

04

In

case of n

on

-exec

utio

n at lea

st 1/3

of th

e bro

kerag

e on th

e estimated

am

ou

nt

10

5

o

f freight a

nd

dead

-freigh

t to b

e paid

by th

e Ow

ners to

the B

rokers as in

dem

nity

for

10

6

th

e latter’s exp

ense

s and

wo

rk. In

case of m

ore v

oyages, th

e a

mo

unt o

f ind

em

nity

to

10

7

b

e mutu

ally ag

reed.

10

8

G

EN

ER

AL

ST

RIK

E C

LA

US

E

10

9

N

either C

harterers n

or O

wn

ers shall b

e respo

nsib

le for th

e co

nseq

uences o

f an

y strik

es o

r 1

10

lo

ck-o

uts p

reventin

g o

r dela

yin

g th

e fulfilm

ent o

f an

y o

blig

atio

ns u

nd

er this co

ntract.

11

1

If th

ere is a strike o

r lock

-out affectin

g th

e load

ing o

f the carg

o, o

r any p

art of it, w

hen

1

12

vessel is read

y to

pro

ceed fro

m h

er last po

rt or at an

y tim

e durin

g th

e vo

yage to

the p

ort o

r

po

rts

11

3

o

f load

ing o

r after her arriv

al th

ere, Cap

tain o

r Ow

ners m

ay ask

Charterers to

declare, th

at they

1

14

to

recko

n th

e Layd

ays as if th

ere w

ere no

strike o

r lock

-out. U

nless C

harterers h

ave g

iven su

ch

1

15

d

eclaration in

writin

g (b

y tele

gra

m, if n

ecessary

) with

in 2

4 h

ours, O

wn

ers shall h

ave th

e

op

tion o

f

11

6

can

celling th

is contract. If p

art cargo

has alread

y b

een lo

aded

, Ow

ners m

ust p

roceed

with

sam

e,

11

7

(freig

ht p

ayab

le on lo

aded

quan

tity o

nly

) havin

g lib

erty to

com

plete w

ith o

ther carg

o o

n th

e

way

11

8

fo

r their o

wn acco

unt.

11

9

If th

ere is a strike o

r lock

-out affectin

g th

e disch

arge o

f the carg

o o

n o

r after vessel’s

12

0

arriv

al at or o

ff po

rt of d

ischarg

e and

sam

e has n

ot b

een settled

with

in 4

8 h

ours, R

eceivers

shall

12

1

hav

e the o

ptio

n o

f keep

ing v

essel w

aiting u

ntil su

ch strik

e or lo

ck-o

ut is at an

end

again

st

pay

ing

12

2

half d

em

urrag

e after exp

iration o

f the tim

e pro

vid

ed fo

r disch

argin

g, o

r of o

rderin

g th

e vessel

to

12

3

a safe p

ort w

here sh

e can sa

fely d

ischarg

e with

out risk

of b

eing d

etained

by strik

e or lo

ck-o

ut.

12

4

su

ch o

rders to

be g

iven

with

in 4

8 h

ours after C

aptain

or O

wners h

ave g

iven n

otice to

Charterers

12

5

o

f the strik

e or lo

ck-o

ut affectin

g th

e disc

harg

e. On d

elivery

of th

e cargo

at such

po

rt, all

cond

itions

12

6

~


FIR

ST

OR

IGIN

AL

o

f this C

harterp

arty an

d o

f the B

ill of L

adin

g sh

all app

ly a

nd

vesse

l shall receiv

e the sa

me

freight

12

7

as if sh

e had

disch

arged

at the o

rigin

al po

rt of d

estinatio

n, ex

cept th

at if the d

istance o

f the

sub

-

12

8

stitu

ted p

ort ex

ceed 1

00

nau

tical m

iles, th

e freight o

n th

e cargo

deliv

ered at th

e sub

stituted

po

rt

to

12

9

b

e increased

in p

rop

ortio

n.

13

0

G

EN

ER

AL

WA

R C

LA

US

E

13

1

If th

e natio

n u

nd

er who

se flag th

e vessel sails sh

ould

be en

gaged

in w

ar and

the sa

fe

13

2

nav

igatio

n o

f the v

essel sh

ou

ld th

ereby b

e end

angered

either p

arty to

have th

e op

tion o

f

cancellin

g

13

3

th

is contract, an

d if so

cancelled

, cargo

already sh

ipp

ed sh

all be d

ischarg

ed eith

er at the p

ort o

f 1

34

lo

adin

g o

r, if the v

essel has co

mm

enced

the v

oyage, at th

e nearest safe p

lace at the risk

an

d

13

5

ex

pen

se of th

e Charterers o

r Carg

o O

wners.

13

6

If o

win

g to

outb

reak o

f ho

stilities the g

oo

ds lo

aded

or to

be lo

aded

und

er this co

ntract o

r 1

37

p

art of th

em

beco

me co

ntrab

and

of w

ar wheth

er abso

lute o

r cond

itional o

r liable to

confiscatio

n o

r

13

8

d

etentio

n acco

rdin

g to

intern

atio

nal la

w o

r the p

rocla

matio

n o

f any o

f the b

elligere

nt p

ow

ers

each

13

9

p

arty to

have th

e op

tion o

f cancellin

g th

is contract as far as su

ch g

oo

ds are co

ncern

ed, an

d

contra-

14

0

b

and

go

od

s already lo

aded

to b

e then

disc

harg

ed eith

er at the p

ort o

f load

ing, o

r if the v

oyag

e

14

1

has alread

y co

mm

enced

, at the n

earest safe p

lace at the e

xp

ense o

f the C

argo

Ow

ners. O

wn

ers

to

14

2

hav

e the rig

ht to

fill up

with

oth

er go

od

s instead

of th

e contrab

and

. 1

43

S

ho

uld

any p

ort w

here th

e vessel h

as to

load

und

er this C

harter b

e blo

ckad

ed th

e con

- 1

44

tract to

be n

ull an

d v

oid

with

regard

to th

e go

od

s to b

e ship

ped

at such

po

rt. 1

45

N

o B

ills of L

adin

g to

be sig

ned

for an

y b

lock

aded

po

rt, and

if the p

ort o

f destin

ation

1

46

b

e declared

blo

ckad

ed after B

ills of L

adin

g h

ave b

een sig

ned

, Ow

ners sh

all disc

harg

e the

cargo

14

7

eith

er at the p

ort o

f load

ing, a

gain

st paym

ent o

f the ex

pense

s of d

ischarg

e, if the sh

ip h

as n

ot

sailed

14

8

th

ence, o

r, if sailed

at any sa

fe p

ort o

n th

e way a

s ord

ered b

y S

hip

pers o

r if no

ord

er is giv

en at

14

9

th

e nearest sa

fe place ag

ainst p

aym

ent o

f full freig

ht.

15

0

G

EN

ER

AL

ICE

CL

AU

SE

(See C

lau

se 38

)

P

OR

T O

F L

OA

DIN

G

a) In

the ev

ent o

f the lo

adin

g p

ort b

eing in

accessible b

y reaso

n o

f ice when v

essel is read

y to

1

53

p

roceed

from

her last p

ort o

r at any tim

e durin

g th

e vo

yage o

r on v

essel’s arrival o

r in case

1

54

fro

st sets in a

fter vessel’s arriv

al, the C

aptain

for fear o

f bein

g fro

zen in

is at liberty

to leav

e

15

5

w

itho

ut carg

o, an

d th

is Charte

r shall b

e null an

d v

oid

. 1

56

b

) If durin

g lo

adin

g th

e Cap

tain, fo

r fear of v

essel b

eing fro

zen

in, d

eem

s it advisab

le to

15

7

leav

e, he h

as liberty

to d

o so

with

wh

at cargo

he h

as on b

oard

and

to p

roceed

to an

y o

ther

15

8

p

ort o

r ports w

ith o

ptio

n o

f com

pletin

g carg

o fo

r Ow

ners’ b

enefit fo

r any p

ort o

r po

rts in-

15

9

clu

din

g p

ort o

f disch

arge. A

ny p

art cargo

thu

s load

ed u

nd

er this C

harter to

be fo

rward

ed to

1

60

d

estinatio

n at v

essel’s e

xp

ense

but ag

ainst p

aym

ent o

f freigh

t, pro

vid

ed th

at no

extra ex

pen

ses 1

61

b

e thereb

y ca

used

to th

e Receiv

ers, freight b

eing p

aid o

n q

uan

tity d

elivered

(in p

rop

ortio

n if

16

2

lu

mp

sum

), all oth

er cond

itions as p

er Charter.

16

3

c) In

case of m

ore th

an o

ne lo

adin

g p

ort, an

d if o

ne o

r mo

re of th

e po

rts are closed

by ice,

16

4

th

e Cap

tain o

r Ow

ners to

be a lib

erty eith

er to lo

ad th

e part carg

o at th

e op

en p

ort an

d

16

5

fill u

p elsew

here fo

r their o

wn

account as u

nd

er section b

or to

declare th

e Charter n

ull a

nd

1

66

vo

id u

nle

ss Charterers a

gree to

load

full carg

o at th

e op

en p

ort.

16

7

d

) This Ice C

lause n

ot to

app

ly in

the S

prin

g.

16

8

~ I I I I I I 11 I


FIR

ST

OR

IGIN

AL

P

OR

T O

F D

ISC

HA

RG

E

16

9

a) S

ho

uld

ice (excep

t in th

e Sp

ring) p

revent v

essel fro

m reac

hin

g p

ort o

f disch

arge R

eceivers

shall

17

0

hav

e the o

ptio

n o

f keep

ing v

essel w

aiting u

ntil th

e re-op

enin

g o

f navig

ation an

d p

ayin

g

17

1

d

emurrag

e, or o

f ord

ering th

e vessel to

a safe and

imm

ediate

ly accessib

le po

rt where sh

e can

1

72

safely

disc

harg

e with

ou

t risk o

f deten

tion b

y ice. S

uch o

rders to

be g

iven w

ithin

48

ho

urs

17

3

after C

aptain

or O

wners h

ave g

iven n

otice to

Charterers o

f the im

po

ssibility

of reach

ing p

ort o

f

destin

ation.

17

4

b

) If durin

g d

ischarg

ing th

e Cap

tain, fo

r fear of v

essel b

eing

frozen

in d

eem

s it adv

isable to

leave,

17

6

he h

as lib

erty to

do

so w

ith w

hat carg

o h

e has o

n b

oard

and

to p

roceed

to th

e nearest ac

- 1

77

cessib

le po

rt where sh

e can sa

fely d

ischarg

e. 1

78

c) O

n d

elivery

of th

e cargo

at such p

ort, all co

nd

itions o

f the B

ill of L

adin

g sh

all app

ly a

nd

1

79

vessel sh

all receive th

e sam

e freight a

s if she h

ad d

ischarg

ed at th

e orig

inal p

ort o

f destin

ation,

18

0

ex

cept th

at if the d

istance o

f the su

bstitu

ted p

ort ex

ceeds 1

00

nau

tical mile

s, the freig

ht

18

1

o

n th

e cargo

deliv

ered at th

e sub

stituted

po

rt to b

e increased

in p

rop

ortio

n.

18

2

C

lau

ses 1

7 th

rou

gh

47

, bo

th in

clusive, a

nd

P &

I Bu

nk

er Devia

tion

Cla

use, 1

94

8, W

ar R

isk

Cla

use, W

ater P

ollu

tion

Cla

use

, New

Ja

son

Cla

use

, Bo

th-T

o-B

lam

e Co

llision

Cla

use

,

Gen

eral C

lau

se Pa

ram

ou

nt (1

98

2), U

.S. C

usto

ms A

dva

nce N

otifica

tion

/AM

S C

lau

se for

Vo

yag

e Ch

arte

r Pa

rties, a

s atta

ched

hereto

, ha

ve b

een

mu

tua

lly ag

reed

up

on

an

d a

re

deem

ed to

be fu

lly inco

rpo

rated

into

this C

ha

rter Pa

rty an

d fo

rm a

nd

integ

ral p

art o

f sam

e.

OW

NE

RS

: CH

AR

TE

RE

RS

:

~


AD

DIT

ION

AL C

LA

US

ES

TO

TH

E M

V “D

’AM

ICO

TB

N”

DA

TE

D D

EC

EM

BE

R 6

, 20

16

17.

Fre

ight: to

be u

se

d in

con

junctio

n w

ith th

e B

AF

Cla

use

as s

tate

d b

elo

w

New

Yo

rk

201

8 (F

eb

-De

c)

2019

2020

2021

US

D 1

1.3

5 p

mt

US

D 1

1.7

5 p

mt

US

D 1

1.8

5 p

mt

US

D 1

1.8

5 p

mt

Pro

vid

en

ce

2

01

8 (F

eb

-De

c)

2019

2020

2021

US

D 1

1.2

0 p

mt

US

D 1

1.5

0 p

mt

US

D 1

1.8

5 p

mt

US

D 1

1.9

0 p

mt

Bu

nk

er P

rice A

dju

stm

en

t Cla

us

e:

Th

e fre

ight ra

tes a

s a

gre

ed in

this

ch

arte

r party

are

ba

se

d o

n a

n a

ve

rag

e fu

el p

rice o

f US

D 6

00

Ne

w Y

ork

Pla

tts B

unkerw

ire d

eliv

ere

d m

ean

pric

e fo

r low

Su

lphu

r marin

e g

as o

il with

Su

lphu

r

co

nte

nt 0

.1 p

erc

ent ta

ble

refe

ren

ce A

AW

YB

00.

For e

ach p

rice in

cre

ase o

f US

D 1

.00 p

er m

etric

ton a

bo

ve

the b

ase

pric

e o

f US

D 6

00 p

er m

etric

ton o

f LS

MG

O w

ith S

ulp

hu

r co

nte

nt 0

.1 p

erc

ent, th

e fre

ight w

ill be a

dju

ste

d a

s fo

llow

s:

Th

e fre

ight ra

tes a

re to

be

incre

ase

d b

y U

SD

0.0

05

pe

r metric

ton o

f ca

rgo lo

ad

ed

. For c

larity

there

is n

o m

axim

um

pric

e a

pp

lica

ble

.

For e

ach p

rice d

ecre

ase o

f US

D 1

.00 p

er m

etric

ton b

elo

w th

e b

ase

pric

e o

f US

D 6

00

per m

etric

ton o

f LS

MG

O w

ith S

ulp

hu

r co

nte

nt 0

.1 p

erc

ent, th

e fre

ight ra

tes a

re to

be d

ecre

ase

d b

y th

e

sa

me

incre

me

nts

as a

gre

ed

ab

ove

. For c

larity

the

re is

no m

inim

um

pric

e a

pp

lica

ble

.

Th

e b

unke

r pric

e to

be u

se

d fo

r ca

lcu

latio

n p

urp

ose

s, is

to b

e e

sta

blis

hed

by th

e d

ate

of th

e b

ill

of la

din

g th

e P

LA

TT

S O

ILG

RA

M B

UN

KE

RW

IRE

RE

PO

RT

or th

e c

losest p

ub

lish

ed

repo

rt if one

is n

ot a

va

ilable

on

the b

ill of la

din

g d

ate

.

It is c

learly

und

ers

too

d th

at th

e re

qu

irem

ent to

use L

ow

Su

lphu

r MG

O fro

m J

anu

ary

01, 2

015

with

in th

e E

CA

Zon

e in

the U

S is

co

ve

red

by e

xis

ting c

lause

s o

f the c

ontra

ct a

nd th

e B

AF

is

alw

ays s

ubje

ct to

an

y fu

rther a

nd

unfo

rese

en fu

el e

mis

sio

n re

gu

latio

n a

risin

g w

ithin

the c

ontra

ct

perio

d.

95%

(nin

ety

five

pe

rce

nt) fre

ight p

aya

ble

late

st 3

(thre

e) b

ankin

g d

ays a

fter v

essel's

sa

iling

load

ing

port a

nd s

ign

ing

/rele

asin

g o

rigin

al b

ill(s) o

f ladin

g m

ark

ed 'fre

igh

t pa

ya

ble

as p

er C

/P'.

Fre

ight a

lwa

ys to

be

paid

prio

r to b

reakin

g b

ulk

. B

ala

nce

of fre

ight to

ge

the

r with

de

murra

ge/d

esp

atc

h if a

ny p

aya

ble

to b

e s

ettle

d a

fter

co

mp

letio

n o

f dis

ch

arg

e a

nd

receip

t and a

gre

em

en

t of o

wn

ers

lay tim

e c

alc

ula

tion

s a

nd

su

pp

ortin

g d

ocu

me

nts

, oth

erw

ise

as p

er C

/P. F

reig

ht d

isco

untle

ss a

nd n

on

-retu

rna

ble

, sh

ip

and

/or c

arg

o lo

st o

r not lo

st, a

nd

freig

ht d

eem

ed e

arn

ed

up

on lo

ad

ing.

@ ;:,:, I VI


AD

DIT

ION

AL C

LA

US

ES

TO

TH

E M

V “D

’AM

ICO

TB

N”

DA

TE

D D

EC

EM

BE

R 6

, 20

16

Ch

arte

rers

’ optio

n to

issue

`freig

ht p

re-p

aid

` bill(s

) of la

din

g, th

en

sam

e to

be re

lease

d o

nly

afte

r

100

% fre

igh

t receiv

ed in

Ow

ner’s

bank a

ccou

nt.

If orig

inal b

ill(s) o

f lad

ing

do n

ot a

rrive

dis

port in

time

for v

essel's

arriv

al, O

wn

ers

ag

ree to

rele

ase

carg

o w

ithou

t pre

sen

tatio

n o

f orig

inal b

ill(s) o

f ladin

g a

ga

inst C

harte

rers

issu

ing o

wn

ers

'

sta

nd

ard

P &

I clu

b L

.O.I, s

am

e to

be s

ign

ed

by C

harte

rers

.

Ch

arte

rers

have

op

tion to

pla

ce o

ne

orig

inal b

ill of la

din

g o

nb

oa

rd a

t load

port fo

r deliv

ery

to

Ch

arte

rers

/receiv

ers

or th

eir re

pre

sen

tativ

e, o

n v

essel's

arriv

al a

t dis

ch

arg

e p

ort a

ga

inst w

hic

h

ca

rgo

is to

be re

lease

d, p

rovid

ed

the a

pp

rop

riate

P &

I recom

me

nd

ed

wo

rdin

g is

inclu

de

d in

the

bill(s

) of la

din

g th

is to

be s

ubje

ct to

Ow

ner’s

/ma

ste

r’s a

pp

rova

l.

All b

ill(s) o

f ladin

g to

repo

rt follo

win

g w

ord

ing

:

“On

e o

rigin

al b

ill of la

din

g re

tain

ed

on

board

ag

ain

st w

hic

h b

ill deliv

ery

of c

arg

o m

ay p

rop

erly

be

ma

de

on in

stru

ctio

ns re

ce

ive

d fro

m S

hip

pe

rs/C

harte

rers

”

18.

Du

e to

en

viro

nm

enta

l pro

tectio

n a

nd re

gu

latio

ns, lo

ad

ing

is p

erfo

rme

d v

ia c

em

ent h

ole

s in

hatc

hes a

nd o

wn

ers

to n

om

ina

te p

erfo

rmin

g v

essels

fitted w

ith a

min

imu

m o

f thre

e - 6

00m

m

feed

/trim o

pe

nin

gs o

n e

ach

ha

tch to

be lo

ad

ed

.

Op

en

ings s

hou

ld id

eally

, but w

ithou

t gu

ara

nte

e s

et d

iag

ona

lly, w

ith o

ne

at th

e c

ente

r and o

ne

each

to fo

rwa

rd le

ft or rig

ht a

nd a

ft left o

r righ

t. The

actu

al s

ize

an

d lo

ca

tion

to b

e c

onfirm

ed b

y

ch

arte

rer’s

late

st S

epte

mb

er 0

1, 2

01

7.

In th

e c

ase

the v

essel n

om

inate

d fo

r load

ing is

fitted w

ith p

erm

ane

nt c

em

en

t hole

s, th

e s

hip

pe

r

sh

all re

vie

w a

nd

co

nsid

er th

eir c

om

patib

ility fo

r loa

din

g w

ell in

ad

va

nce

.

On

ce th

e d

ime

nsio

ns o

f the c

em

ent h

ole

s a

re p

rovid

ed

by C

harte

rers

, Ow

ners

will a

rrang

e fo

r

sp

ecific

atio

ns to

be m

et u

nd

er C

lass s

upe

rvis

ion. T

his

is in

ca

se th

e p

re-e

xis

ting

ce

me

nt h

ole

s

do n

ot m

eet C

harte

rers

req

uire

me

nt. A

ny tim

e lo

st in

cuttin

g/w

eld

ing

/rew

eld

ing

wh

ich

to b

e d

on

e

as p

er v

essels

cla

ss in

stru

ctio

ns o

f sa

id h

ole

s a

nd w

aitin

g fo

r cla

ss s

urv

ey o

f the v

essel (if

req

uire

d) s

hall n

ot c

oun

t as la

ytim

e o

r time

on d

em

urra

ge

. Cla

ss s

urv

ey fe

es a

nd

all e

xp

en

ses

for a

bo

ve

sh

all b

e fo

r sh

ip-o

wn

er's

accou

nt.

Ow

ners

to s

ubm

it load

ing

pla

n to

Ch

arte

rers

befo

re c

om

me

nce

me

nt o

f load

ing

. A

ny trim

min

g o

r leve

ling

of th

e c

arg

o re

qu

ired b

y e

ach

ve

ssel s

hall b

e fo

r the O

wn

ers

acco

un

t a

nd

time s

o u

sed

sh

all n

ot c

ount a

s la

ytim

e o

r time

on

dem

urra

ge

. A

t dis

ch

arg

ing

po

rts, th

e c

ost o

f first o

pe

nin

g a

nd

last c

losin

g o

f ve

ssel’s

hatc

hes s

hall b

e fo

r O

wn

ers

’ accou

nt, a

nd tim

e s

o u

sed s

hall n

ot c

oun

t as la

ytim

e o

r time

on d

em

urra

ge

. P

rovid

ed

ca

rgo d

ocum

ents

are

pre

sen

ted

on b

oa

rd w

ithin

2 h

ou

rs o

f co

mp

letio

n o

f final d

raft

su

rve

y, tim

e s

hall c

ease

to c

ou

nt o

n c

om

ple

tion

of fin

al d

raft s

urv

ey.

@ Case 1:20-cv-03731-VEC Document 1-1 Filed 05/14/20 Page 8 of 24

AD

DIT

ION

AL C

LA

US

ES

TO

TH

E M

V “D

’AM

ICO

TB

N”

DA

TE

D D

EC

EM

BE

R 6

, 20

16

19.

Lo

ad

ing

Te

rms

: V

essel's

notic

e o

f read

iness ("N

.O.R

.") to lo

ad s

ha

ll be te

nd

ere

d b

y c

able

, fax o

r e-m

ail a

t the

offic

e o

f the s

hip

pe

r or th

eir a

ge

nts

any tim

e d

ay, n

igh

t, Su

nd

ays, H

olid

ays in

clu

de

d o

n a

ll days,

Su

nd

ays, h

olid

ays in

clu

de

d (b

ut e

xclu

din

g s

upe

r holid

ays).

On

ly if lo

ad

ing b

erth

is o

ccu

pie

d, m

aste

r ma

y w

arra

nt th

at th

e v

essel is

in a

ll respe

cts

read

y to

load

an

d m

ay te

nd

er th

e N

.O.R

. to lo

ad fro

m a

ny u

sua

l wa

iting

pla

ce, w

heth

er in

port o

r not

(WIP

ON

), wh

eth

er in

be

rth o

r not (W

IBO

N), w

heth

er in

free p

ratiq

ue o

r not (W

IFP

ON

), wh

eth

er

in c

usto

m c

leara

nce

or n

ot (W

ICC

ON

).

Loa

d ra

te: 2

0,0

00 m

etric

tons p

er w

eath

er w

ork

ing

da

y, b

oth

basis

(24 c

on

secu

tive

ho

urs

),

Su

nd

ays, H

olid

ays in

clu

ded

loa

d (e

xce

pt fo

r su

pe

r 'holid

ays' w

hic

h n

ot to

co

un

t unle

ss u

sed in

wh

ich

ca

se

actu

al tim

e u

se

d to

co

unt).

At lo

ad

port, la

ytim

e to

co

mm

ence 1

2 h

ou

rs a

fter te

nd

erin

g v

alid

no

r unle

ss s

oon

est

co

mm

ence

d w

hic

h c

ase

AP

TU

TC

(actu

al p

rior tim

e u

se

d to

co

unt).

Dis

ch

arg

ing

term

s:

Ve

ssel's

notic

e o

f read

iness ("N

.O.R

.") to d

isch

arg

e s

hall b

e te

nd

ere

d b

y c

able

, fax o

r e-m

ail a

t

the o

ffice o

f the s

hip

pe

r or th

eir a

ge

nts

any tim

e d

ay, n

igh

t, Su

nd

ays, H

olid

ays in

clu

de

d o

n a

ll

days, S

und

ays, h

olid

ays in

clu

de

d (b

ut e

xclu

din

g s

upe

r holid

ays).

On

ly if th

e d

isch

arg

ing

be

rth is

occup

ied, m

aste

r ma

y w

arra

nt th

at th

e v

essel is

in a

ll respects

read

y to

dis

ch

arg

e a

nd m

ay te

nd

er th

e N

.O.R

. To d

isch

arg

e fro

m a

ny u

su

al w

aitin

g p

lace,

wh

eth

er in

po

rt or n

ot (W

IPO

N), w

heth

er in

be

rth o

r not (W

IBO

N), w

heth

er in

free p

ratiq

ue o

r

not (W

IFP

ON

), wh

eth

er in

cu

sto

m c

leara

nce o

r no

t (WIC

CO

N).

Dis

ch

arg

e: 1

0,0

00

metric

tons p

er w

eath

er w

ork

ing d

ay, b

oth

basis

(24 c

on

secu

tive h

ours

),

Su

nd

ays, H

olid

ays in

clu

ded

dis

ch

arg

e u

sin

g V

an A

als

t or o

ther p

ne

um

atic

/su

ctio

n b

ase

d

ce

me

nt d

isch

arg

e e

qu

ipm

ent (e

xce

pt fo

r su

per 'h

olid

ays' w

hic

h n

ot to

co

un

t unle

ss u

sed

in

wh

ich c

ase a

ctu

al tim

e u

se

d to

co

unt).

Ve

ssel to

be le

ft in a

sh

ove

l/pne

um

atic

cle

an c

ond

ition o

n c

om

ple

tion

of d

isch

arg

e.

At d

isch

arg

e p

ort, la

ytim

e to

co

mm

ence 1

2 h

ours

afte

r tend

erin

g v

alid

no

r unle

ss s

oo

nest

co

mm

ence

d w

hic

h c

ase

AP

TU

TC

(actu

al p

rior tim

e u

se

d to

co

unt).

La

ytim

e n

on

-reve

rsib

le, s

upe

r holid

ays e

xce

pte

d.

If free p

ratiq

ue is

rescin

de

d o

nce

the v

essel is

alo

ng

sid

e d

ue to

Ow

ner’s

neg

lige

nce

or c

rew

sic

kn

ess/illn

ess, th

en

laytim

e to

ce

ase

until th

e m

atte

r is re

ctifie

d.

If by re

aso

ns o

f natu

re (b

ad w

eath

er, h

urric

ane

s, s

we

ll, etc

.) the v

essel c

ann

ot e

nte

r and

/or

leave

the p

ort a

nd/o

r has to

wa

it in o

rder to

pro

cee

d h

er v

oya

ge

, than

all s

uch tim

e lo

st to

co

unt

as h

alf tim

e u

nle

ss v

esse

l is a

lread

y o

n d

em

urra

ge in

wh

ich

ca

se

full tim

e to

co

un

t.

@ ;:,:, I VI


AD

DIT

ION

AL C

LA

US

ES

TO

TH

E M

V “D

’AM

ICO

TB

N”

DA

TE

D D

EC

EM

BE

R 6

, 20

16

Inte

rme

dia

te d

raft s

urv

eys s

ha

ll not b

e p

erfo

rme

d u

nle

ss s

pe

cific

ally

req

ueste

d a

nd tim

e u

se

d

there

fore

sh

all b

e fo

r the a

ccou

nt o

f the re

qu

estin

g p

arty

.

Afte

r the firs

t vo

ya

ge

ve

ssel is

to p

rese

nt N

otic

e o

f Re

ad

iness w

ith s

hove

l/pne

um

atic

cle

an

, dry

hold

s a

nd

free o

f any fo

reig

n m

ate

rial s

uita

ble

for th

e c

arria

ge o

f the d

esig

na

ted

carg

o

accom

pan

ied b

y c

ertific

ate

issue

d b

y C

harte

rer’s

inde

pe

nde

nt s

urv

eyo

r ce

rtifyin

g s

am

e. C

ost o

f

ce

rtificate

an

d s

urv

eyo

r’s fe

e to

be e

ve

nly

sp

lit betw

een

Ow

ners

and

Cha

rtere

rs.

At D

isch

arg

e p

ort R

eceiv

ers

will s

hove

l/pne

um

atic

cle

an

ve

ssel’s

tankto

ps, b

ulk

hea

ds a

nd

sid

es, w

hic

h c

an

be re

ach

ed

by h

an

d o

r by m

anlift. A

ny s

we

ep

cle

an c

ond

itions w

ill be th

e s

ole

respo

nsib

ility o

f the s

hip

’s c

rew

. For c

larific

atio

n p

urp

ose

s c

harte

rers

ca

n a

dvis

e th

at re

ceiv

ers

will p

erfo

rm th

e s

hove

l cle

an

ing

and th

ere

afte

r the

sw

eep

ing

sh

all b

e p

erfo

rme

d b

y v

essel’s

cre

w p

rovid

ed

loca

l reg

ula

tion

s p

erm

it. Ow

ner’s

op

tion

to e

mp

loy s

hore

pers

onn

el a

t their tim

e

and

exp

en

se.

At a

ll time

s a

nd a

t Ch

arte

rer’s

/ Re

ceiv

er’s

req

uest. O

wn

ers

are

respo

nsib

le fo

r pro

vid

ing

, free

of c

harg

e, q

ualifie

d c

rane

op

era

tors

to o

pe

rate

ve

sse

l’s s

afe

cra

ne

s a

t rate

d c

apa

citie

s, in

ord

er

to a

ssis

t lifting p

aylo

ad

ers

on/o

ff ve

ssel p

rovid

ed

loca

l reg

ula

tion

s p

erm

it oth

erw

ise

sa

me to

be

ca

rried o

ut b

y s

hip

pe

rs/re

ceiv

er’s

ste

ve

do

res.

Sh

ip c

rew

will p

rep

are

for im

me

dia

te b

alla

stin

g c

on

ditio

ns u

po

n a

rriva

l to a

llow

for o

ptim

um

and

exp

ed

itious d

isch

arg

ing

co

nd

itions.

Sh

ip’s

cre

w m

ust in

form

Re

ceiv

ers

prio

r to a

ny s

hip

dis

ch

arg

ing a

bo

ut a

ny ta

nkto

p o

bstru

ctio

ns

or p

rotru

sio

ns th

at w

ould

dam

ag

e s

hip

un

load

ing

eq

uip

me

nt.

20. Q

uan

tity/C

arg

o L

ots

O

ne/T

wo

gra

de

s o

f Bu

lk C

em

en

t to b

e lo

ad

ed

for e

ach

lifting

. In c

ase o

f two

gra

de

s, c

arg

o s

plit

to b

e a

rrang

ed in

ord

er to

en

su

re m

axim

um

carg

o in

take

.

Firm

perio

d c

onsis

ting o

f co

nse

cutiv

e v

oya

ge

s s

tartin

g fro

m F

ebru

ary

15th

, 201

8 u

p to

an

d

inclu

din

g D

ecem

ber 3

1st, 2

02

1.

Ye

ar 1

==

==

==

=

Feb

15

th, 2

01

8 u

p to

and

inclu

din

g D

ecem

ber 3

1st, 2

01

8

- Ow

ners

will p

roce

ed e

ach

vo

ya

ge

with

utm

ost d

isp

atc

h. C

arg

oes a

re m

ove

d o

n a

co

nse

cutiv

e

roun

d v

oya

ge

ba

sis

with

an

estim

ate

d to

tal v

oya

ge

s d

urin

g th

is c

ontra

ct p

erio

d o

f min

imum

20

and

ma

xim

um

26 v

oya

ge

s, a

ll go

ing

we

ll and

sub

ject to

unfo

rese

en c

ircum

sta

nce

s b

eyo

nd

the

co

ntro

l of O

wn

ers

- Sh

ipm

ent s

ize

31

,500 m

etric

tons u

p to

ma

x 3

4,0

00

me

tric to

ns c

em

ent in

Ow

ners

' optio

n.


ADDITIONAL CLAUSES TO THE MV “D’AMICO TBN” DATED DECEMBER 6, 2016

Year 2

=======

Jan 01st, 2019 up to and including December 31st, 2019

- Owners will proceed each voyage with utmost dispatch. Cargoes are moved on a consecutive

round voyage basis with an estimated total voyages during this contract period of minimum 20

and maximum 30 voyages, all going well and subject to unforeseen circumstances beyond the

control of Owners

- Shipment size 31,500 metric tons up to max 34,000 metric tons cement in Owners' option.

Year 3

=======





control of Owners


Year 4

=======





control of Owners


Shifting time from anchorage to load berth not to count as laytime or turntime or time on

demurrage.

Twelve (12) hours turn time both ends, unless sooner commenced in which case prior time used

to count.

Load:

One (1) safe berth SB Port Daniel, 40.0 ft. saltwater arrival draft

20,000 metric tons per weather working days Sundays and holidays included.

D/A’s are capped at maximum USD 30,000

Discharge:

One (1) safe berth New Oak Point, McInnis Cement Berth, New York, 34.5 ft. brackish water

arrival draft

10,000 metric tons per weather working day Sundays and holidays included.

Inbound voyage via East River and Outbound voyage via Long island sound.

D/A’s are capped at maximum USD 55,000.


AD

DIT

ION

AL C

LA

US

ES

TO

TH

E M

V “D

’AM

ICO

TB

N”

DA

TE

D D

EC

EM

BE

R 6

, 20

16

Ch

arte

rer’s

optio

n

On

e (1

) safe

berth

Pro

vid

en

ce, 4

0.0

ft. bra

ckis

h w

ate

r arriv

al d

raft

10,0

00

me

tric to

ns p

er w

eath

er w

ork

ing

day S

unda

ys a

nd

ho

lidays in

clu

de

d.

D/A

’s a

re c

app

ed

at m

axim

um

US

D 6

7,5

00.

Sh

ifting tim

e fro

m a

ncho

rag

e to

load

/dis

ch

arg

e b

erth

not to

co

un

t as la

ytim

e o

r turn

time

or tim

e

on d

em

urra

ge b

en

ds.

Ste

ve

do

res/C

harte

rers

to o

pe

rate

pn

eum

atic

barg

e m

ounte

d g

antry

to u

nlo

ad

.

At N

ew

Yo

rk, g

antry

will b

e m

oore

d a

nd s

hift b

eh

ind th

e m

ain

mo

orin

g fa

cility

of v

essel.

At P

rovid

en

ce, g

antry

will b

e b

rea

ste

d b

etw

een

the

ve

ssel a

nd

the d

ock, re

qu

iring

the v

essel to

loose

n h

er lin

es to

sh

ift the u

nlo

ad

ing

barg

e. T

he c

rew

will p

rovid

e lin

e h

an

dlin

g w

hen

wa

rpin

g

alo

ng

sid

e th

e b

arg

e m

oun

ted

ga

ntry

pro

vid

ed

loca

l port re

gu

latio

ns p

erm

it. Ch

arte

rers

are

to

pro

vid

e a

de

qu

ate

fend

ers

betw

een

the v

essel a

nd

ba

rge m

ounte

d g

antry

.

Un

load

ing

will b

e h

an

dle

d b

y a

ba

rge m

oun

ted p

ne

um

atic

unlo

ad

er w

hic

h u

tilize

s a

n a

rticu

late

d

su

ctio

n a

rm d

esig

ned

to u

nlo

ad

dry

bulk

cem

ent. T

he a

rm h

as th

e a

bility

to m

ove

into

and

out o

f

the s

hip

’s h

old

as th

e b

arg

e is

repositio

ne

d fro

m h

old

to h

old

. Th

e u

nlo

ad

er c

onn

ects

to a

sin

gle

transport p

ipe o

n th

e s

hore

sid

e o

f the s

hip

’s m

oorin

g fa

cility

. Th

e u

nlo

ad

er is

se

lf-pow

ere

d a

nd

will b

e o

pe

rate

d b

y C

harte

rer’s

cre

w. C

em

ent th

en

is tra

nsp

orte

d to

the s

ho

re s

ide s

tora

ge

facility

.

Ow

ners

to s

atis

fy th

em

se

lve

s o

f port re

stric

tions a

t load

/dis

ch

arg

e p

orts

.

Su

pe

r holid

ays in

all p

orts

me

ntio

ne

d a

lwa

ys to

be

exclu

de

d u

nle

ss u

se

d, in

wh

ich

ca

se

time

actu

ally

used

to c

oun

t.

Du

ring

the w

inte

r mo

nth

s (J

an to

Ma

rch

), Ch

arte

rers

have

the o

ptio

n to

req

uest th

e v

essel to

perfo

rm th

e v

oya

ge

s w

ith e

co

sp

ee

d. T

his

is a

lwa

ys s

ubje

ct to

the v

essels

ability

to c

om

ply

with

their re

qu

est.

21.

Ch

arte

rers

are

to p

ay d

em

urra

ge

at th

e ra

te o

f:

201

8: U

SD

11,5

00

per d

ay p

ro ra

ta b

oth

en

ds/h

alf d

isp

atc

h la

ytim

e s

ave

d b

oth

en

ds.

201

9: U

SD

11,7

50

per d

ay p

ro ra

ta b

oth

en

ds/h

alf d

isp

atc

h la

ytim

e s

ave

d b

oth

en

ds.

202

0: U

SD

12,0

00

per d

ay p

ro ra

ta b

oth

en

ds/h

alf d

isp

atc

h la

ytim

e s

ave

d b

oth

en

ds.

202

1: U

SD

12,2

50

per d

ay p

ro ra

ta b

oth

en

ds/h

alf d

isp

atc

h la

ytim

e s

ave

d b

oth

en

ds.

Laytim

e is

no

nre

ve

rsib

le b

etw

een

the lo

ad

an

d d

isch

arg

e p

orts

.

Tim

e lo

st in

sh

ifting

from

wa

iting

pla

ce to

berth

sh

all n

ot c

oun

t as la

ytim

e o

r time o

n d

em

urra

ge

ben

ds.


AD

DIT

ION

AL C

LA

US

ES

TO

TH

E M

V “D

’AM

ICO

TB

N”

DA

TE

D D

EC

EM

BE

R 6

, 20

16

Tim

e u

sed fo

r ope

nin

g a

nd c

losin

g o

f ve

ssel's

hatc

hes s

hall n

ot c

oun

t as la

ytim

e b

en

ds. If lo

ad

ing

ope

ratio

n is

su

spe

nd

ed d

ue

to v

essel's

balla

stin

g o

r de

-balla

stin

g o

r for re

aso

ns o

f trimm

ing o

r

listin

g, s

uch tim

e n

ot to

co

un

t as la

ytim

e o

r time

on

de

murra

ge b

en

ds.

In ca

se th

e ve

ssel

is a

ske

d to

ca

ll a

dd

itiona

l p

orts

w

here

g

rab

d

ischa

rge

is

n

ece

ssa

ry, th

e

follo

win

g c

lause

to a

pp

ly:

An

y tim

e lo

st d

ue

to v

esse

l’s c

rane

bre

akd

ow

n w

hic

h s

uspe

nd

s d

isch

arg

ing

sh

all n

ot c

ount a

s

laytim

e o

r time o

n d

em

urra

ge

. Tim

e w

ill co

un

t pro

-rata

to th

e n

um

ber o

f ve

ssels

hold

s a

ffecte

d.

An

y tim

e fo

r wa

rpin

g s

hall b

e fo

r ow

ners

accou

nt. T

his

will n

ot b

e d

on

e b

y v

essels

cre

w d

ue

to

unio

n re

gu

latio

ns. A

ny s

topp

ag

es re

qu

este

d in

writin

g b

y th

e v

essel s

hall n

ot c

oun

t as lo

ad

ing

time

or tim

e o

n d

em

urra

ge. O

wn

ers

will e

nd

ea

vo

r to lim

it the n

um

ber o

f wa

rpin

gs in

Pro

vid

en

ce.

22.

Ve

ssel is

to s

upp

ly fre

e th

e u

se o

f ligh

ts a

s o

n b

oa

rd w

hic

h s

ha

ll be s

uffic

ient to

carry

on n

ight

wo

rk a

t all h

atc

hes, if re

quire

d.

At lo

ad

ing a

nd

dis

ch

arg

ing p

orts

, ve

ssel is

to g

ive

free th

e u

se o

f all v

essel’s

ca

rgo

ha

ndlin

g

ge

ar a

nd s

uffic

ient p

ow

er to

op

era

te a

ll the g

ear s

imu

ltane

ou

sly

as re

qu

ired

.

If ve

ssels

ca

rgo g

ear, h

a c

ove

rs, m

oorin

g w

inche

s, e

tc. a

re fo

un

d n

ot to

be

in g

ood

wo

rkin

g

co

nd

ition a

t eith

er lo

ad

or d

isch

arg

ing

po

rt, Ow

ners

to b

e re

spo

nsib

le fo

r an

y d

irectly

rela

ted

exp

en

ses a

nd

de

lays in

curre

d, in

clu

din

g s

teve

do

re s

tand

by tim

e u

p to

maxim

um

1 s

hift, d

ue to

failu

re o

f sam

e. In

the e

ve

nt o

f ge

ars

bre

akd

ow

n fo

r mo

re th

an 2

4 c

onse

cutiv

e w

ork

ing h

ou

rs

Ch

arte

rers

sh

all h

ave

the

op

tion to

hire

sh

ore

cra

ne(s

) at O

wn

ers

exp

en

se

, if ava

ilable

pro

vid

ed

sh

ore

reg

ula

tion

s p

erm

it.

Ge

ar to

be o

pera

ted b

y th

e c

rew

of th

e v

essel o

r sh

ore

cre

w in

Cha

rtere

rs’ o

ptio

n. S

hore

cre

w

to b

e p

aid

an

d h

ired b

y s

hip

pe

rs/re

ce

ive

rs.

23.

Ove

rtime is

su

bje

ct to

the

follo

win

g c

ond

itions:

A) if o

rdere

d b

y th

e O

wn

ers

, all o

ve

rtime fo

r ste

ve

do

re la

bo

r, cra

ne

ope

rato

rs a

nd

sh

ore

pers

onn

el n

ece

ssary

for th

e o

pera

tion

of lo

ad

ing

and

/or d

isch

arg

ing

and p

lacin

g a

nd/o

r takin

g

aw

ay c

arg

o fro

m a

long

sid

e th

e v

essel s

hall b

e fo

r Ow

ners

’ accou

nt.

B) If o

rdere

d b

y th

e C

harte

rers

, all o

ve

rtime o

utlin

ed

in p

ara

gra

ph

(A) a

bo

ve

sh

all b

e fo

r

Ch

arte

rers

’ accou

nt.

C) A

ll Offic

ers

and c

rew

ove

rtime

is to

be fo

r Ow

ners

’ accou

nt re

ga

rdle

ss o

f wh

o o

rde

rs th

e

ove

rtime

.

D) If o

wn

ers

ele

ct to

wo

rk o

ve

rtime, C

harte

rers

sh

all h

ave

the o

ptio

n to

refu

se if th

e s

hore

lab

or

or s

teve

do

res d

eclin

e to

wo

rk fo

r any re

aso

n b

eyo

nd

the c

ontro

l of th

e C

ha

rtere

rs.

E) If o

rdere

d b

y th

e p

ort o

r term

inal a

uth

oritie

s o

r oth

er c

om

pete

nt a

uth

ority

, all o

ve

rtime

exp

en

ses s

hall b

e fo

r the C

harte

rers

’ accou

nt.


AD

DIT

ION

AL C

LA

US

ES

TO

TH

E M

V “D

’AM

ICO

TB

N”

DA

TE

D D

EC

EM

BE

R 6

, 20

16

24.

It is u

nd

ers

tood o

wn

ers

are

respo

nsib

le to

pay fo

r usua

l/ cu

sto

mary

port

ch

arg

es/e

xp

en

ses/v

essel's

dis

burs

em

ents

, as w

ell a

s s

hip

's h

usb

an

dry

matte

rs. A

ny e

xtra

exp

en

ses in

curre

d a

bo

ve

the a

gre

ed C

app

ed

D/A

rate

s to

be fo

r Ch

arte

rers

acco

un

t.

Hu

sba

nd

ry m

atte

rs/o

wn

er e

xp

en

ses a

lwa

ys to

be

for O

wn

ers

acco

un

t.

25.

Th

e M

aste

r and

/or O

wn

ers

sh

all g

ive

daily

notic

e o

f E.T

.A. a

t load

ing

/dis

cha

rge

port to

the p

ort

ag

ents

/bro

ke

rs w

ho w

ill then

pa

ss s

am

e o

n to

Cha

rtere

r’s a

nd a

lso

ad

vis

e o

f any c

hang

es in

E.T

.A.

Imm

edia

tely

on s

ailin

g fro

m th

e lo

ad

ing

port, th

e M

aste

r and

/or O

wn

ers

sh

all c

able

/tele

x th

e p

ort

Ag

ents

at th

e d

isch

arg

ing p

ort e

ach v

essel’s

sa

iling d

ate

/sa

iling

time/q

uantity

of c

arg

o

load

ed

/ve

ssel’s

E.T

.A. a

t the d

isch

arg

ing

port.

Th

e M

aste

r and

/or O

wn

ers

sh

all a

lso g

ive

the a

bove

pa

rties 4

8/3

6/2

4/1

2 (fo

rty-e

ight/th

irty-

six

/twe

nty

-four/tw

elv

e) h

ou

rs’ n

otic

e o

f E.T

.A. a

t the d

isch

arg

ing

port a

nd

als

o a

dvis

e o

f any

ch

an

ge in

E.T

.A.

Ch

arte

rers

ag

ents

at lo

ad

/dis

ch

arg

e –

Ow

ners

have

righ

t to a

pp

oin

t pro

tectiv

e a

ge

nts

.

Ag

ents

at lo

ad

po

rt – M

CA

Ag

ents

at d

isch

arg

e p

ort - re

ve

rting

26.

Ow

ners

are

to a

rrang

e p

aym

ents

of e

stim

ate

d d

isb

urs

em

ents

at lo

ad

ing a

nd d

isch

arg

ing

ports

in a

dva

nce

.

27. V

ess

el N

om

inatio

n

Pe

rform

ing

ve

ssel: D

’AM

ICO

TB

N

A s

ing

le v

essel w

ill be u

sed

to p

erfo

rm th

e c

ontra

ct o

n a

co

nse

cutiv

e v

oya

ge b

asis

. Up

on

co

mp

letio

n o

f dis

ch

arg

e a

nd

ca

rgo k

nockd

ow

n o

f each

vo

ya

ge

, the v

essel w

ill balla

st d

irectly

to

the lo

ad

port a

nd

the n

ext v

oya

ge

will c

om

me

nce

in d

irect c

ontin

ua

tion

. The

ma

ste

r will

advis

e/p

rovid

e d

aily

ET

A’s

to th

e lo

ad p

ort o

f Port D

anie

l as it is

cu

sto

mary

. Ch

arte

rers

will

pro

vid

e O

wn

ers

with

a s

ch

ed

ule

ad

vis

ing

the d

isch

arg

e p

ort s

ch

ed

ule

for a

min

imum

of 3

vo

ya

ge

s. O

wn

ers

will h

ave

the o

ptio

n to

repla

ce th

e d

ed

ica

ted v

essel w

ith a

no

ther v

essel a

t any

time

un

der th

e c

ontra

ct. O

wn

ers

will a

lso

be

allo

we

d to

take tim

e o

ut o

f the s

ch

ed

ule

to c

lea

n

the v

essel in

mu

tua

l ag

ree

me

nt w

ith th

e C

harte

rers

. Ch

arte

rers

pre

fer th

is to

be

carrie

d o

ut

durin

g th

e w

inte

r mo

nth

s. T

his

will b

e d

on

e a

t Ow

ners

’ time

an

d e

xp

en

se. T

here

is a

ch

an

ce

ow

ners

will w

ant to

cle

an 1

or 2

more

time

s d

urin

g th

e y

ear a

s w

ell. O

wn

ers

to g

ive

a 6

0 d

ay

notic

e to

the C

harte

rers

prio

r to c

arry

ing o

ut th

e c

lean

ing

ope

ratio

ns.



The owners to endeavor to complete the necessary knockdown of holds after discharge with

utmost dispatch as the situation allows, weather permitting in order to provide a fast turnaround

time at their time and expense.

Charterers to provide Owners with the following notices for the intended start date of this

contract. 180 / 90 approximate notice with an intended 15 day laycan. Charterers to confirm a

definite 15 day window latest 70 days prior to the commencement of laycan. Preliminary

planned laycan is 15 February 2018 / 01 March 2018.

Owners to nominate the performing vessel latest 15 days before the first lay day along with the

cargo intake quantity and pre stow plan.

Same subject to shippers/ Charterers /receivers approvals latest within 24 hours Saturday,

Sundays and holidays exempted after receiving same within office hours (09:00-18:00)

SATSHEX in Stamford and Montreal, same not to be unreasonably withheld.

On nomination, charterers to provide:

-full description

-hatch sizes and number of same and holds

-hatch type

-class/P&I club

-number of hatches and holds:

-last three cargoes

-last three port calls

-intended cargo intake and stow plan

-present position and eta loading port

-vessel's declared cargo intake

-location of cement holes and diagram/drawing of same on vessels hatches

-owners to advise full ownership chain of performing vessel on nomination

-all trading certificates for the vessel

Performing vessel to be/have:

-max 183 m loa

-max 30 m beam

-max 20 yrs.

-geared with minimum 4 x 30 mt cranes, same to service all holds where cargo is stowed, each

crane serving all hatches simultaneously and independently. Owners warrant that vsls SWL can

maintain this lifting capacity.

-classed highest Lloyds or equivalent by a member of the IACS for entirety of voyage.

-fully ism and P&I covered for the duration of the voyage.

-P&I club intl group members only.

-no centerline beam/bulkheads/fittings/obstructions in holds.

-suitable in all respects for all load and discharge ports.

-suitable for pneumatic/siwertell discharge in Providence and NY. If needed, the vessel will also

be capable of using shore grabs attached to vessels cranes for discharge at additional ports if

needed. Same not to be unreasonably withheld and will be computed on a round voyage basis.

-no twin hatches.

-vessel has Macgregor type or similar folding fore and aft hatch covers.


AD

DIT

ION

AL C

LA

US

ES

TO

TH

E M

V “D

’AM

ICO

TB

N”

DA

TE

D D

EC

EM

BE

R 6

, 20

16

-ve

ssel to

be fu

lly IT

F o

r eq

uiv

ale

nt.

- ow

ners

co

nfirm

that th

e v

essel is

not e

nte

red o

n th

e U

SC

G lis

t due

s to

ve

ssel, fla

g, o

wn

ers

hip

,

cla

ssific

atio

n, v

essels

boa

rdin

g h

isto

ry, o

uts

tandin

g ite

ms n

ote

d d

urin

g p

revio

us U

SC

G

inspe

ctio

ns o

r due

to a

ny c

ause

wh

ats

oeve

r aris

ing fro

m th

e te

rms/c

ond

itions o

f U.S

. hom

ela

nd

se

curity

rule

s/re

gu

latio

ns/le

gis

latio

n. In

ca

se th

e is

deta

ined

by a

ny c

om

pe

ten

t us a

uth

ority

due

to th

e A

fore

me

ntio

ne

d c

ause

s o

r any n

ew

incid

en

ts in

vo

lvin

g c

om

pete

nt U

.S a

uth

oritie

s,

ow

ners

are

to b

e re

spo

nsib

le fo

r any/a

ll exp

en

se

s in

vo

lve

d, a

nd

if the v

essel is

pre

ve

nte

d fro

m

ca

rryin

g o

ut L

oa

din

g/D

isch

arg

ing o

pe

ratio

ns o

r from

ente

ring

/leavin

g p

ort(s

) then

time n

ot to

co

un

t.

- BIM

CO

ISP

S c

lause

to a

pp

ly a

nd

de

em

ed in

co

rpo

rate

d in

the c

/p.

-The

vsl to

have

in p

ossessio

n a

ll nece

ssary

certific

ate

s fo

r hull, m

achin

ery

, eq

uip

me

nt, c

lass

and

all n

ece

ssary

tradin

g c

ertific

ate

s fo

r the d

ura

tion o

f this

vo

ya

ge

.

-Ow

ners

will e

nd

ea

vo

r to n

om

inate

a b

ox s

hap

ed

ve

ssel.

-Ow

ners

co

nfirm

ve

ssels

balla

stin

g/d

eb

alla

stin

g s

pee

ds a

re s

uffic

ient to

ma

inta

in

load

/dis

ch

arg

e ra

tes a

s a

gre

ed

be

low

.

In lo

adin

g a

nd d

isch

arg

ing

po

rts O

wn

ers

sh

all, w

ithou

t co

st to

Ch

arte

rers

, ensu

re th

at v

essel

pro

vid

es lig

hts

as o

nb

oard

for n

igh

t wo

rk.

Ow

ners

sh

all e

nsu

re th

at d

ue

ca

utio

n is

exe

rcis

ed to

pro

tect th

e c

arg

o fro

m ra

in a

nd

/or s

now

durin

g lo

ad

ing a

nd

dis

cha

rgin

g.

28.

De

lete

d

29.

An

y e

xtra

insu

ran

ce

on c

arg

o d

ue to

ve

ssel’s

ag

e a

nd

/or fla

g a

nd/o

r cla

ss a

nd

/or O

wn

ers

hip

is

to b

e fo

r Ow

ners

’ accou

nt; s

uch in

sura

nce s

hall b

e c

ove

red

by C

harte

rers

for O

wn

ers

’ accou

nt

and

sh

all b

e d

ed

ucte

d fro

m th

e fre

igh

t. Ho

we

ve

r Ch

arte

rers

co

nfirm

no e

xtra

insu

ran

ce o

n th

is

ca

rgo

for v

essels

und

er 2

0 y

ears

of a

ge.

30.

Cla

ims fo

r any s

teve

do

re d

am

ag

e u

nd

er th

is C

harte

r Pa

rty a

re to

be s

ettle

d d

irectly

betw

een

the

Ow

ners

and

the S

teve

do

res. T

he M

aste

r to n

otify

the p

artie

s w

ho c

ause

d th

e d

am

ag

e in

writin

g

as s

oo

n a

s p

ossib

le a

fter th

e o

ccurre

nce b

ut n

ot la

ter th

an 2

4 h

ours

afte

r time

of v

essel’s

sa

iling

from

the p

ort w

here

the a

lleg

ed d

am

ag

e o

ccurre

d b

ut C

harte

rers

sh

all n

ot b

e lia

ble

for a

ny

ste

ve

do

re d

am

ag

e c

laim

betw

een

Ow

ners

and s

teve

do

res.

Ch

arte

rers

to a

ssis

t Ow

ners

, if possib

le, to

settle

cla

ims b

etw

een

Ow

ners

and

Ste

ve

do

res.


AD

DIT

ION

AL C

LA

US

ES

TO

TH

E M

V “D

’AM

ICO

TB

N”

DA

TE

D D

EC

EM

BE

R 6

, 20

16

31.

Th

e B

oth

-to-B

lam

e C

ollis

ion C

lause

, Ch

am

ber o

f Sh

ippin

g W

ar R

isk C

lause

s N

os. 1

an

d 2

, P&

I

Bu

nkerin

g C

lause

, Ne

w J

ason

Cla

use

an

d th

e W

ate

r Po

llutio

n C

lause

, as a

ttache

d h

ere

to, a

re

to b

e c

onsid

ere

d a

s p

art o

f this

Ch

arte

r Pa

rty.

32.

With

respe

ct to

the s

hip

me

nt, c

arria

ge a

nd

dis

cha

rge

of th

e c

arg

o, w

heth

er o

r not a

Bill o

f

Lad

ing

or s

imila

r docum

ent o

f title is

issue

d o

r reg

ula

tes th

e re

latio

ns b

etw

een

the c

arrie

r and

hold

er o

f sam

e , th

is C

harte

r Pa

rty s

hall h

ave

the e

ffect s

ub

ject to

the p

rovis

ions o

f an

y

leg

isla

tion in

corp

ora

ting th

e R

ule

s c

onta

ined

in th

e In

tern

atio

na

l Co

nve

ntio

n fo

r the U

nific

atio

n

of C

erta

in R

ule

s o

f Law

Re

latin

g to

Bills

of L

ad

ing d

ate

d B

russels

, Aug

ust 2

4th

, 192

4 (T

he

Ha

gu

e R

ule

s) o

r those

Ru

les a

s a

me

nd

ed

by th

e P

roto

co

l sig

ned a

t Bru

sse

ls, F

eb

ruary

23rd

,

196

8 (th

e H

ag

ue V

isb

y R

ule

s) a

nd

wh

ich

is c

om

puls

orily

app

lica

ble

to th

e c

on

tract o

f carria

ge

co

nta

ined

the

rein

. If no s

uch le

gis

latio

n is

com

puls

orily

app

lica

ble

, Th

e H

ag

ue R

ule

s o

r, if

app

lica

ble

, Th

e H

ag

ue V

isb

y R

ule

s a

s e

na

cte

d in

the c

ountry

of th

e p

ort o

f load

ing

sh

all a

pp

ly.

When

no s

uch e

na

ctm

ent is

in fo

rce

in th

e c

oun

try o

f the p

ort o

f load

ing

, the

co

rrespo

nd

ing

leg

isla

tion

of th

e c

ountry

of th

e p

ort o

f dis

ch

arg

e s

hall a

pp

ly a

nd

in th

e a

bse

nce

of a

ny s

uch

leg

isla

tion

, the te

rms o

f the 1

92

4 C

onve

ntio

n, a

s a

me

nd

ed

by th

e 1

96

8 P

roto

co

l sh

all a

pp

ly.

33.

All B

ills o

f Lad

ing

issu

ed in

pu

rsu

an

ce o

f this

Ch

arte

r Pa

rty s

hall c

onta

in th

e fo

llow

ing

cla

use

:

“Su

bje

ct to

all te

rms, p

rovis

ions, e

xce

ptio

ns, in

clu

din

g th

e a

rbitra

tion c

lause

of th

e C

harte

r Pa

rty

date

d N

ove

mb

er 8

th, 2

01

2 a

nd

the G

ene

ral C

lause

Pa

ram

oun

t (198

2) a

ttache

d th

ere

to.”

34. F

orc

e M

aje

ure

Cla

us

e

Ne

ither th

e v

essel, h

er M

aste

r or O

wn

ers

, nor th

e C

ha

rtere

rs o

r Re

ceiv

ers

sh

all b

e re

spo

nsib

le

for lo

ss o

f or d

am

ag

e o

r dela

y to

or fa

ilure

to s

upp

ly, lo

ad

, dis

ch

arg

e o

r de

live

r the c

arg

o a

risin

g

or re

sultin

g fro

m: A

cts

of G

od, A

ct o

f War, A

ct o

f pu

blic

ene

mie

s, p

irate

s o

r assailin

g th

ieve

s,

arre

st o

r restra

int o

f prin

ce

s, ru

lers

or p

eo

ple

; se

izu

re u

nd

er le

ga

l pro

cess, p

rovid

ed

bo

nd is

pro

mptly

furn

ish

ed

to re

lease

the v

essel o

r ca

rgo; flo

od

s; fire

s; b

lockag

es; rio

ts; in

surre

ctio

ns;

Civ

il Co

mm

otio

ns; e

arth

qu

ake

s; e

xp

losio

ns; p

refe

ren

ce

s g

ran

ted to

or a

t the re

qu

est o

f any

go

ve

rnm

ent o

r ag

en

cy th

ere

of; fa

ilure

of s

upp

ly; c

urta

ilme

nts

/pow

er s

upp

ly d

ue

to a

bla

cko

ut a

t

dis

ch

arg

e o

r any o

ther c

ontin

ge

ncie

s w

hats

oeve

r beyo

nd

their c

ontro

l.

35. A

rbitra

tion

Cla

us

e

All d

isp

ute

s a

risin

g o

ut o

f this

co

ntra

ct o

r und

er th

e B

ill of L

ad

ing

issu

ed s

ha

ll be a

rbitra

ted a

t

Ne

w Y

ork

in th

e fo

llow

ing

ma

nn

er; a

nd

be s

ubje

cte

d to

New

Yo

rk L

aw

; one

arb

itrato

r is to

be

app

oin

ted

by e

ach

of th

e p

artie

s h

ere

to a

nd a

third

by th

e tw

o s

o c

hose

n. T

heir d

ecis

ion o

r that

of a

ny tw

o o

f them

sh

all b

e fin

al a

nd

for th

e p

urp

ose

of e

nfo

rcin

g a

ny a

wa

rd, th

is a

gre

em

ent

ma

y b

e m

ade

a ru

le o

f the

Cou

rt. Th

e a

rbitra

tors

sh

all b

e c

om

me

rcia

l sh

ippin

g m

en. S

uch

arb

itratio

n is

to b

e c

ond

ucte

d in

acco

rda

nce w

ith th

e ru

les o

f the S

ocie

ty o

f Ma

ritime

Arb

itrato

rs,

Inc.


AD

DIT

ION

AL C

LA

US

ES

TO

TH

E M

V “D

’AM

ICO

TB

N”

DA

TE

D D

EC

EM

BE

R 6

, 20

16

For d

isp

ute

s w

here

the

tota

l am

ou

nt c

laim

ed b

y e

ither p

arty

doe

s n

ot e

xce

ed

ON

E H

UN

DR

ED

TH

OU

SA

ND

DO

LLA

RS

($100

,00

0) U

.S. C

urre

ncy, o

r am

oun

t as m

utu

ally

ag

reed, th

e

arb

itratio

n m

ay b

e c

ond

ucte

d in

acco

rda

nce w

ith th

e S

imp

lified A

rbitra

tion

Pro

ced

ure

of th

e

So

cie

ty o

f Ma

ritime

Arb

itrato

rs. In

c. if s

o d

esire

d b

y b

oth

pa

rties.

36.

Full to

nn

ag

e is

ente

red a

nd w

ill rem

ain

ente

red d

urin

g th

e c

urre

ncy o

f the C

harte

r Pa

rty w

ith a

recog

niz

ed P

&I C

lub w

ith re

spe

ct to

full P

&I c

ove

rag

e.

37. T

rim C

lau

se

Ve

ssel w

ill not b

e a

cce

pte

d a

t the lo

ad

ing p

ort if th

e v

essel’s

trim e

xce

ed

s h

er T

rim C

orre

ctio

n

Ta

ble

. Up

on

berth

ing

at th

e lo

ad

ing

port a

ll full b

alla

st ta

nks a

re to

be s

tripp

ed

, unle

ss o

therw

ise

agre

ed

els

ew

here

in th

is C

harte

r Pa

rty. T

he v

essel is

not to

fill, em

pty

or tra

nsfe

r to ta

nk o

r any

oth

er c

om

partm

ents

, any fre

sh w

ate

r, balla

st o

r bu

nkers

wh

ile s

urv

eyo

rs a

re ta

kin

g d

raft

read

ing

s a

nd

/or ta

nk s

oun

din

gs.

Ve

ssel w

ill pre

se

nt a

certifie

d c

alib

ratio

n s

ca

le fo

r all ta

nks, in

clu

din

g fo

re a

nd a

ft peak ta

nks,

dou

ble

-botto

m ta

nks, d

ee

pta

nks a

nd w

ing

tanks. P

limso

ll ma

rks, d

raft m

ark

s fo

rwa

rd, a

ft and

am

idsh

ips o

n b

oth

sid

es o

f the v

essel a

re to

be c

learly

cu

t and m

ark

ed o

n s

hell p

lantin

g. E

ach

ve

ssel is

to fu

rnis

h a

Cap

acity

Pla

n a

nd

Dis

pla

cem

ent S

ca

le a

nd s

am

e a

re to

be c

ertifie

d b

y th

e

Ma

ste

r as to

the

ir accu

racy a

t the tim

e o

f load

ing

.

An

y e

xtra

co

sts

incurre

d a

nd

/or tim

e lo

st b

y th

e v

essel’s

failu

re to

com

ply

with

this

cla

use

sh

all

be fo

r the O

wn

ers

’ accoun

t.

Th

e M

aste

r or h

is a

uth

oriz

ed re

pre

sen

tativ

e is

to p

rese

nt to

the d

ockm

aste

r and th

e C

ha

rtere

rs’

Ag

ents

at th

e lo

ad

ing

port a

load

ing

pla

n b

y c

om

pa

rtme

nt a

nd

on c

om

ple

tion o

f load

ing a

ca

lcu

latio

n o

f the v

essel’s

sa

lt wa

ter a

rriva

l dra

ft at th

e n

ext d

isch

arg

ing

po

rt base

d o

n e

stim

ate

d

bun

ker a

nd w

ate

r co

nsum

ptio

n a

nd a

ntic

ipate

d b

alla

st c

han

ge

s fo

r trim p

urp

ose

s.

38. W

inte

r Na

vig

atio

n C

lau

se

Ow

ners

are

aw

are

that th

is c

ontra

ct in

vo

lve

s th

e b

rea

ch

of IN

L a

nd fro

m tim

e to

time in

win

ter

co

nd

itions. T

he p

erfo

rmin

g v

essel is

req

uire

d to

follo

w s

tand

ard

op

era

ting

pro

ced

ure

s fo

r co

ld

we

ath

er a

nd

ice n

avig

atio

n.

Ve

ssel s

hall n

ot fo

rce

ice b

ut s

hall fo

llow

ice

bre

ake

rs/ic

e tu

gs th

roug

h b

roke

n ic

e o

nly

. Ow

ners

to p

rovid

e th

e v

essel th

e s

erv

ice

s o

f an ic

e a

dvis

or if re

qu

ired b

y th

e m

aste

r. Th

e s

hip

will

receiv

e o

n b

oa

rd in

du

e tim

e ic

e a

nd w

eath

er c

harts

and

fore

casts

accord

ing to

the s

hip

s'

itinera

ries a

nd b

efo

re s

hip

en

ters

wa

ters

wh

ere

ice c

an b

e a

pro

ble

m.

Ow

ners

to e

nsu

re th

at th

e v

essel is

pre

pare

d fo

r tradin

g in

co

ld w

eath

er - h

yd

rau

lics/ fire

lines/b

alla

st w

ate

r etc

. inclu

din

g s

uffic

ient c

loth

ing

for th

e c

rew

.

Th

e M

aste

r and

Ow

ners

mu

st c

onsid

er a

ll ava

ilab

le in

form

atio

n a

nd e

xp

ertis

e, in

clu

din

g th

at o

f

the ic

e a

dvis

or o

r co

mp

ete

nt lo

cal a

uth

ority

and

McIn

nis

ope

ratio

ns' s

taff w

hen

co

nsid

erin

g if it

is d

an

gero

us fo

r the v

esse

l to re

ma

in o

r acce

ss th

e lo

ad

ing

port. M

aste

r to re

tain

final d

iscre

tion

reg

ard

ing

the s

afe

ty o

f the

ve

ssel, c

rew

and

carg

o. If a

fter O

wn

ers

have

do

ne

their d

ue


AD

DIT

ION

AL C

LA

US

ES

TO

TH

E M

V “D

’AM

ICO

TB

N”

DA

TE

D D

EC

EM

BE

R 6

, 20

16

dilig

ence

, it is d

ete

rmin

ed

that th

e v

essel in

qu

estio

n is

una

ble

to a

ccess/c

ontin

ue

loa

din

g a

t

Po

rt Da

nie

l, due

to d

ang

er o

f the V

essel b

ein

g fro

ze

n in

, and

pro

vid

ed

that th

e M

aste

r or

Ow

ners

imm

edia

tely

notify

the C

harte

rers

there

of, th

e V

essel m

ay le

ave

with

carg

o lo

ade

d o

n

boa

rd o

r in fu

lly lo

ad

ed

/ba

llast c

ond

ition a

nd p

roce

ed

to th

e n

ea

rest s

afe

an

d ic

e fre

e p

lace a

t

se

a/p

ort a

nd w

ait fo

r the lo

ad

ing

port to

be ic

e fre

e.

An

y d

ela

y o

r devia

tion

ca

use

d b

y o

r resultin

g fro

m th

e p

ort n

ot b

ein

g a

cce

ssib

le fo

r the a

ccou

nt

of ic

e s

hall b

e fo

r the C

harte

rers

’ acco

un

t and

time

to c

oun

t.

An

y a

dd

itiona

l H&

M in

su

rance

pre

miu

m fo

r transitin

g in

ice to

be fo

r the O

wn

ers

accou

nt.

39.

Ch

arte

rers

have

the rig

ht to

co

nd

uct a

hose

test o

r ultra

son

ic te

st to

ch

eck th

e in

teg

rity o

f the

ve

ssel’s

hatc

hes p

rior to

co

mm

ence

me

nt o

f load

ing th

e c

arg

o fo

r the firs

t vo

ya

ge

. Ch

arte

rers

have

the rig

ht to

co

nd

uct a

ho

se te

st o

r ultra

son

ic te

st d

urin

g th

e c

onsecu

tive

vo

ya

ge

s if th

ere

is

evid

en

ce th

at th

e in

teg

rity o

f the h

atc

h c

ove

rs h

ave

be

en c

om

pro

mis

ed

and

wa

ter in

gre

ss is

takin

g p

lace in

a h

old

or h

old

s. O

wn

ers

are

to e

nsu

re th

at p

rop

er m

ain

tena

nce

is b

ein

g

co

nd

ucte

d to

ensu

re th

e h

atc

h c

ove

rs re

ma

in w

eath

er tig

ht. O

wn

ers

have

the o

ptio

n to

app

ly,

Ra

mn

eck ta

pe

to a

sp

ecific

hatc

h o

r all o

f the h

atc

he

s if n

ece

ssary

at th

eir e

xp

en

se.

40. B

IMC

O IS

PS

Cla

use

for V

oya

ge

Ch

arte

r Pa

rties

(a) (i) F

rom

the d

ate

of c

om

ing

into

forc

e o

f the In

tern

atio

na

l Co

de

for th

e S

ecurity

of S

hip

s a

nd

of P

ort F

acilitie

s a

nd

the re

leva

nt a

me

ndm

ents

to C

hap

ter X

I of S

OL

AS

(ISP

S C

ode

) in re

latio

n

to th

e V

essel, th

e O

wn

ers

sh

all p

rocure

that b

oth

the V

essel a

nd

"the C

om

pan

y" (a

s d

efin

ed

by

the IS

PS

Co

de

) sh

all c

om

ply

with

the re

qu

irem

en

ts o

f the IS

PS

Co

de

rela

ting

to th

e V

essel a

nd

“the C

om

pa

ny”. U

pon

req

uest th

e O

wn

ers

sh

all p

rovid

e a

co

py o

f the re

leva

nt In

tern

atio

na

l Sh

ip

Se

curity

Ce

rtificate

(or th

e In

terim

Inte

rnatio

na

l Sh

ip S

ecurity

Ce

rtificate

) to th

e C

harte

rers

. Th

e

Ow

ners

sh

all p

rovid

e th

e C

harte

rers

with

the fu

ll sty

le c

on

tact d

eta

ils o

f the C

om

pa

ny S

ecurity

Offic

er (C

SO

).

(ii) Exce

pt a

s o

therw

ise

pro

vid

ed

in th

is C

harte

r Pa

rty, lo

ss, d

am

ag

e, e

xp

en

se o

r dela

y,

exclu

din

g c

onseq

uen

tial lo

ss, c

ause

d b

y fa

ilure

on

the p

art o

f the O

wn

ers

or “th

e C

om

pa

ny” to

co

mp

ly w

ith th

e re

qu

irem

ents

of th

e IS

PS

Co

de

or th

is C

lau

se s

hall b

e fo

r the O

wn

ers

’

accou

nt.

(b) (i) T

he C

harte

rers

sha

ll pro

vid

e th

e C

SO

and

the S

hip

Se

curity

Offic

er (S

SO

)/Ma

ste

r with

their fu

ll sty

le c

on

tact d

eta

ils a

nd

an

y o

the

r info

rma

tion

the O

wn

ers

req

uire

to c

om

ply

with

the

ISP

S C

ode

.

(ii) Exce

pt a

s o

therw

ise

pro

vid

ed

in th

is C

harte

r Pa

rty, lo

ss, d

am

ag

e, e

xp

en

se, e

xclu

din

g

co

nse

qu

entia

l loss, c

ause

d b

y fa

ilure

on th

e p

art o

f the C

harte

rers

to c

om

ply

with

this

Cla

use

sh

all b

e fo

r the C

harte

rers

’ accou

nt a

nd

an

y d

ela

y c

ause

d b

y s

uch

failu

re s

hall b

e c

om

pe

nsate

d

at th

e d

em

urra

ge

rate

.

(c) P

rovid

ed

that th

e d

ela

y is

not c

aused

by th

e O

wn

ers

’ failu

re to

com

ply

with

their o

blig

atio

ns

und

er th

e IS

PS

Co

de

, the

follo

win

g s

hall a

pp

ly:

(i) No

twith

sta

nd

ing

anyth

ing

to th

e c

ontra

ry p

rovid

ed

in th

is C

harte

r Party

, the V

essel s

hall b

e

entitle

d to

tend

er N

otic

e o

f Re

ad

iness e

ve

n if n

ot c

leare

d d

ue

to a

pp

lica

ble

se

cu

rity re

gu

latio

ns


AD

DIT

ION

AL C

LA

US

ES

TO

TH

E M

V “D

’AM

ICO

TB

N”

DA

TE

D D

EC

EM

BE

R 6

, 20

16

or m

easu

res im

pose

d b

y a

port fa

cility

or a

ny re

leva

nt a

uth

ority

und

er th

e IS

PS

Co

de

.

(ii) An

y d

ela

y re

sultin

g fro

m m

ea

sure

s im

po

sed

by a

po

rt facility

or b

y a

ny re

leva

nt a

uth

ority

und

er th

e IS

PS

Co

de

sha

ll co

un

t as la

ytim

e o

r time

on d

em

urra

ge if th

e V

essel is

on la

ytim

e o

r

dem

urra

ge

. If the d

ela

y o

ccu

rs b

efo

re la

ytim

e h

as s

tarte

d o

r afte

r laytim

e o

r time o

n d

em

urra

ge

has c

ease

d to

co

un

t, it sh

all b

e c

om

pe

nsate

d b

y th

e C

harte

rers

at th

e d

em

urra

ge ra

te.

(d) N

otw

ithsta

nd

ing a

nyth

ing

to th

e c

ontra

ry p

rovid

ed

in th

is C

harte

r Party

, any a

dd

itiona

l co

sts

or e

xp

en

ses w

hats

oeve

r so

lely

aris

ing

out o

f or re

late

d to

secu

rity re

gu

latio

ns o

r me

asu

res

req

uire

d b

y th

e p

ort fa

cility

or a

ny re

leva

nt a

uth

ority

in a

cco

rdan

ce w

ith th

e IS

PS

Co

de

inclu

din

g, b

ut n

ot lim

ited to

, se

curity

gu

ard

s, la

un

ch

se

rvic

es, tu

g e

sco

rts, p

ort s

ecurity

fees o

r

taxe

s a

nd

insp

ectio

ns, s

hall b

e fo

r the C

ha

rtere

rs’ a

ccou

nt, u

nle

ss s

uch c

osts

or e

xp

en

ses

result s

ole

ly fro

m th

e O

wn

ers

’ neg

lige

nce. A

ll mea

sure

s re

qu

ired b

y th

e O

wn

ers

to c

om

ply

with

the S

hip

Se

curity

Pla

n s

hall b

e fo

r the O

wn

ers

’ accou

nt.

(e) If e

ither p

arty

make

s a

ny p

aym

ent w

hic

h is

for th

e o

ther p

arty

’s a

ccou

nt a

ccord

ing

to th

is

Cla

use

, the o

ther p

arty

sh

all in

de

mn

ify th

e p

ayin

g p

arty

.

41.

An

y ta

xe

s/d

ue

s o

n c

arg

o to

be fo

r sh

ippe

rs/re

ceiv

ers

/Ch

arte

rers

' acco

un

t.

An

y ta

xe

s/d

ue

s/w

harfa

ge/d

ockag

e/o

n v

essel to

be

for O

wn

ers

' acco

un

t, inclu

din

g a

ny w

ar

pre

miu

ms, if a

pp

lica

ble

.

42.

Th

is tra

de, n

eg

otia

tion

s a

nd

fixtu

re to

be k

ept s

trictly

priv

ate

and

co

nfid

entia

l.

43.

Co

nse

nt a

nd A

ckn

ow

led

gm

en

t Ag

reem

ent a

s a

ttache

d to

be p

art o

f the C

harte

r Pa

rty.

44.

On

arriv

al a

t load

port, fo

r the firs

t vo

ya

ge

only

of th

is c

onse

cutiv

e C

OA

, the s

hip

-ow

ner s

hall

wa

rrant th

at th

e v

essel h

as a

ll ca

rgo

sp

aces, in

clu

din

g u

nd

ers

ides o

f hold

s a

nd

und

ers

ides o

f

hatc

h c

ove

rs, c

lean

and d

ry, fre

e fro

m lo

ose ru

st s

ca

le a

nd s

uita

ble

to re

ce

ive

the c

arg

o. S

hou

ld

the v

essel fa

il the h

old

s in

spe

ctio

n p

erfo

rme

d b

y a

n in

de

pe

nd

en

t surv

eyo

r afte

r nor is

tend

ere

d,

then

the s

hip

-ow

ner w

ill cle

an

the h

old

s to

the s

atis

factio

n o

f the in

de

pe

nd

en

t su

rve

yo

r and

they

will b

ea

r the c

osts

/time

/exp

ense

s re

late

d to

sa

me.

In th

e e

ve

nt th

at th

e n

or is

reje

cte

d in

acco

rda

nce w

ith th

e a

bo

ve

para

gra

ph

, the o

wn

er w

ill bea

r

the d

irect c

osts

of th

e a

ll su

bse

qu

ent in

de

pe

nd

ent s

urv

eys a

nd

time lo

st a

fter th

e d

isco

ve

ry th

ere

of

until th

e v

essel is

ag

ain

read

y to

loa

d s

hall n

ot c

ou

nt a

s la

ytim

e o

r time

on d

em

urra

ge.

Un

less o

therw

ise

ag

reed

, nor c

ann

ot b

e te

nd

ere

d b

efo

re th

e c

onfirm

ed la

yca

n. If th

e n

or is

tend

ere

d b

efo

re th

e la

yca

n tim

e w

ill then

sta

rt to c

oun

t at 0

8h

00

on th

e firs

t layd

ay, u

nle

ss u

sed


AD

DIT

ION

AL C

LA

US

ES

TO

TH

E M

V “D

’AM

ICO

TB

N”

DA

TE

D D

EC

EM

BE

R 6

, 20

16

in w

hic

h c

ase a

ctu

al tim

e u

sed

to c

oun

t. Laytim

e s

hall c

ease

to c

oun

t wh

en

the lo

ad

ing o

f the

ca

rgo

ha

s b

ee

n c

om

ple

ted.

45.

Pe

rform

ing

ve

ssel(s

) alw

ays to

be in

co

nfo

rmity

with

ap

plic

able

Unite

d S

tate

s la

w, in

clu

din

g

restric

tions im

pose

d b

y th

e U

.S. T

reasury

De

pa

rtme

nt, O

ffice

of F

ore

ign

Asse

ts C

ontro

l (OF

AC

)

and

the U

.S. C

om

me

rce

De

pa

rtmen

t, Bu

rea

u o

f Indu

stry

and

Secu

rity (B

IS) a

nd

Un

ited N

atio

ns

pro

cla

ma

tions p

roh

ibitin

g c

erta

in fla

g/o

wn

ers

hip

/ma

na

gem

ent fro

m p

artic

ipatin

g in

trade

co

ve

red

by th

is c

harte

r. Ow

ners

respo

nsib

le fo

r all c

ost/c

onseq

uen

ces if in

vio

latio

n o

f this

wa

rranty

. Ch

arte

rers

als

o c

onfirm

that th

ey a

re in

full c

om

plia

nce

with

this

cla

use

.

46.

In th

e e

ve

nt th

e v

essel/ c

arg

o is

liene

d o

r arre

ste

d d

urin

g th

e c

urre

ncy o

f this

ch

arte

r party

(or

afte

r com

ple

tion

of d

ischa

rge

in re

spe

ct o

f the c

arg

o) th

e o

wn

ers

are

to ta

ke

imm

edia

te a

ctio

n to

rele

ase

ve

ssel/c

arg

o fro

m a

ny s

uch lie

n o

r arre

st a

nd

to re

ma

in fu

lly re

spo

nsib

le. C

harte

rers

will n

ot b

e h

eld

respo

nsib

le fo

r any c

osts

associa

ted

with

the lie

n / a

rrest th

at h

as b

ee

n a

ttach

ed

to th

e s

hip

and

will b

e h

eld

ha

rmle

ss. If th

e a

rrest/lie

n la

sts

mo

re th

an 3

0 d

ays th

e o

wn

ers

to

pro

mptly

repla

ce th

e v

essel w

ith a

sim

ilar s

ubstitu

te v

essel.

47.

Fre

ight b

en

efic

iary

of th

is c

harte

r party

: if freig

ht b

en

efic

iary

is d

iffere

nt th

an th

e

ow

ners

/dis

pon

en

t ow

ners

of th

e v

essel, th

en

"writte

n d

ecla

ratio

n/n

o o

bje

ctio

n le

tter" fro

m h

ea

d

ow

ners

/dis

pon

en

t ow

ners

to b

e a

ske

d fo

r ch

arte

rers

payin

g th

e fre

igh

t to th

e n

om

inate

d "fre

ight

ben

efic

iary

" in a

ccord

an

ce

with

OF

AC

cla

use

wh

ich

is a

s in

corp

ora

ted in

the

ch

arte

r Pa

rty.

P &

I Bu

nk

er D

evia

tion

Cla

us

e, 1

94

8

Th

e v

essel in

ad

ditio

n to

all o

the

r libertie

s s

ha

ll have

liberty

as p

art o

f the c

ontra

ct v

oya

ge

and

at a

ny s

tag

e th

ere

of to

pro

cee

d to

any p

orts

or p

ort w

hats

oeve

r wh

eth

er s

uch

po

rts a

re o

n o

r off

the d

irect a

nd/o

r cu

sto

ma

ry ro

ute

or ro

ute

s to

the p

orts

of lo

ad

ing

or d

ischa

rge

nam

ed in

this

Ch

arte

r and

there

take

oil b

un

kers

in a

ny q

ua

ntity

in th

e d

iscre

tion

of O

wn

ers

eve

n to

the fu

ll

ca

pa

city

of fu

el ta

nks, d

ee

p ta

nks, a

nd

an

y o

ther c

om

pa

rtmen

t in w

hic

h o

il ca

n b

e c

arrie

d

wh

eth

er s

uch a

mo

unt is

or is

not re

qu

ired fo

r the C

harte

red v

oya

ge

.

Wa

r Ris

k C

lau

se

1.N

o b

ills o

f Lad

ing to

be s

ign

ed fo

r any b

locka

ded

po

rt and if th

e p

ort o

f dis

ch

arg

e b

e d

ecla

red

blo

cka

de

d a

fter B

ills o

f La

din

g h

ave

be

en s

ign

ed, o

r if the p

ort to

wh

ich

the

sh

ip h

as b

ee

n

ord

ere

d to

dis

ch

arg

e e

ithe

r on s

ign

ing

Bills

of L

ad

ing o

r there

afte

r be o

ne to

wh

ich

the s

hip

is o

r

sh

all b

e p

rohib

ited fro

m g

oin

g b

y th

e G

ove

rnm

ent o

f the N

atio

n u

nd

er w

hose

flag

the s

hip

sa

ils

or b

y a

ny o

the

r Go

ve

rnm

ent, th

e O

wn

er s

hall d

isch

arg

e th

e c

arg

o a

t any o

ther p

ort c

ove

red

by

the C

harte

r Pa

rty a

s o

rde

red

by th

e C

harte

rers

(Pro

vid

ed

su

ch

oth

er p

ort is

not a

blo

ckad

ed

or

pro

hib

ited p

ort a

s a

bo

ve

me

ntio

ne

d) a

nd

sh

all b

e e

ntitle

d to

freig

ht a

s if th

e s

hip

ha

d d

isch

arg

ed

at th

e p

ort o

r ports

of d

isch

arg

e to

wh

ich

sh

e w

as o

rigin

ally

ord

ere

d.


AD

DIT

ION

AL C

LA

US

ES

TO

TH

E M

V “D

’AM

ICO

TB

N”

DA

TE

D D

EC

EM

BE

R 6

, 20

16

2. T

he s

hip

sh

all h

ave

liberty

to c

om

ply

with

an

y o

rde

rs o

r dire

ctio

ns a

s to

dep

artu

re, a

rriva

l

route

s, p

orts

of c

all, s

topp

ag

es, d

estin

atio

n, d

eliv

ery

or o

therw

ise

ho

wso

eve

r giv

en b

y th

e

Go

ve

rnm

ent o

f the N

atio

n u

nd

er w

hose

flag th

e v

essel s

ails

or a

ny d

ep

artm

ent th

ere

of, o

r any

pers

on a

ctin

g o

r purp

ortin

g to

act w

ith th

e a

uth

ority

of s

uch

Go

ve

rnm

ent o

r of a

ny d

ep

artm

ent

there

of, o

r by a

ny c

om

mitte

e o

r pers

on h

avin

g, u

nd

er th

e te

rms o

f the W

ar R

isk In

sura

nce o

n

the s

hip

, the rig

ht to

giv

e s

uch

ord

ers

or d

irectio

ns a

nd

if by re

aso

n o

f and in

com

plia

nce

with

any s

uch o

rders

or d

irectio

ns a

nyth

ing is

don

e o

r is n

ot d

on

e, th

e s

am

e s

ha

ll not b

e d

ee

me

d a

devia

tion

, and

de

live

ry in

accord

ance

with

su

ch o

rders

or d

irectio

ns, s

hall b

e fu

lfillme

nt o

f the

co

ntra

ct v

oya

ge

an

d th

e fre

igh

t sh

all b

e p

aya

ble

acco

rdin

gly

.

Wa

ter P

ollu

tion

Cla

us

e

No

twith

sta

nd

ing

any te

rms o

r co

nd

itions s

tate

d e

lse

wh

ere

in th

is C

harte

r Pa

rty, it is

wa

rrante

d

that d

urin

g th

e c

urre

ncy o

f this

Ch

arte

r the O

wn

ers

will c

om

ply

fully

with

the U

nite

d S

tate

s O

il P

ollu

tion

Act o

f 199

0, th

e F

ed

era

l Wate

r Po

llutio

n C

ontro

l Act a

nd th

e C

om

pre

he

nsiv

e

En

viro

nm

enta

l Re

spo

nse

an

d L

iability

Act a

s a

me

nd

ed

an

d a

ny s

ubseq

ue

nt a

me

nd

me

nts

to

these

Acts

, any ru

les a

nd

/or re

gu

latio

ns is

su

ed

there

un

de

r any fe

de

ral o

r sta

te le

gis

latio

n

ena

cte

d w

ith re

spect to

oil p

ollu

tion

(su

ch

exp

ressio

n to

inclu

de

an

y ru

les a

nd/o

r reg

ula

tion

s

issu

ed

there

un

de

r) by a

ny G

ove

rnm

ent D

epa

rtmen

t Ag

ency th

ere

of o

r oth

er a

uth

ority

, the

Au

stra

lian P

rote

ctio

n o

f the S

ea (P

reve

ntio

n o

f Po

llutio

n fro

m S

hip

s) A

ct 1

983

an

d th

e

am

en

dm

ents

there

to, a

lso

the In

tern

atio

na

l Co

nve

ntio

n o

n c

ivil L

iability

for O

il Po

llutio

n D

am

ag

e

196

9 a

nd

the a

me

ndm

ents

there

to. O

wn

ers

will a

lso

com

ply

fully

with

all o

the

r local a

pp

lica

ble

ru

les a

nd

reg

ula

tion

s re

latin

g to

wa

ter p

ollu

tion

as d

icta

ted b

y th

e v

oya

ge

. Sh

ou

ld a

ny d

ela

y to

th

e v

essel o

ccur fro

m O

wn

ers

’ failu

re to

co

mp

ly w

ith th

e s

aid

acts

, rule

s, re

gu

latio

ns o

r oil

pollu

tion

leg

isla

tion

, laytim

e w

ill ce

ase

for th

e tim

e lo

st th

ere

by. T

he O

wn

ers

here

by a

gre

e to

p

ay a

ll extra

exp

en

ses a

nd

to in

de

mn

ify th

e C

harte

rers

ag

ain

st a

ll cla

ims a

nd

liabilitie

s

(inclu

din

g le

ga

l co

sts

) the

y in

cur u

nd

er th

e B

ills o

f Lad

ing

aris

ing fro

m th

e O

wn

ers

’ failu

re to

co

mp

ly w

ith th

e s

aid

acts

, rule

s, re

gu

latio

ns o

r oil p

ollu

tion

leg

isla

tion

. If th

e a

dju

stm

ent o

f Ge

ne

ral A

ve

rag

e o

r the lia

bility

for a

ny c

ollis

ion in

wh

ich

the v

essel is

in

vo

lve

d w

hile

pe

rform

ing

the c

arria

ge u

nd

er th

is B

ill of L

ad

ing

fails

to b

e d

ete

rmin

ed

in

accord

an

ce w

ith th

e la

w a

nd

pra

ctic

e o

f the U

nite

d S

tate

s o

f Am

eric

a, th

e fo

llow

ing

cla

use

s

sh

all a

pp

ly:

New

Jas

on

Cla

us

e

“In th

e e

ve

nt o

f accid

ent, d

ang

er, d

am

ag

e o

r dis

aste

r befo

re o

r afte

r the c

om

me

ncem

ent o

f the

vo

ya

ge

, resultin

g fro

m a

ny c

ause

wh

ats

oeve

r, wh

eth

er d

ue

to n

eg

lige

nce o

r not, fo

r wh

ich

, or

for th

e c

onseq

uen

ce o

f wh

ich

, the c

arrie

r is n

ot re

spo

nsib

le, b

y s

tatu

te, c

ontra

ct o

r oth

erw

ise

,

the g

ood

s, s

hip

pe

rs, c

onsig

nee

s o

r ow

ners

of th

e g

ood

s, s

hall c

ontrib

ute

with

the c

arrie

r in

ge

nera

l ave

rag

e to

the p

aym

ent o

f any s

acrific

es, lo

sses o

r exp

en

ses o

f a g

enera

l ave

rag

e

natu

re th

at m

ay b

e m

ade o

r incurre

d a

nd

sh

all p

ay s

alv

ag

e a

nd

sp

ecia

l cha

rge

s in

curre

d in

respe

ct o

f the g

ood

s.

If a s

alv

ing

sh

ip is

ow

ned

or o

pe

rate

d b

y th

e c

arrie

r, sa

lva

ge

sh

all b

e p

aid

for a

s fu

lly a

s if th

e

sa

id s

alv

ing

sh

ip o

r sh

ips b

elo

ng

ed to

stra

ng

ers

. Su

ch d

ep

osit a

s th

e c

arrie

r o h

is a

ge

nts

ma

y

dee

m s

uffic

ient to

co

ve

r the e

stim

ate

d c

ontrib

utio

n o

f the g

ood

s a

nd

an

y s

alv

ag

e a

nd

sp

ecia

l

ch

arg

es th

ere

on s

hall, if re

qu

ired, b

e m

ade

by th

e g

ood

s, s

hip

pe

rs, c

onsig

ne

es o

r ow

ners

of th

e

go

od

s to

the c

arrie

r befo

re d

eliv

ery

.


AD

DIT

ION

AL C

LA

US

ES

TO

TH

E M

V “D

’AM

ICO

TB

N”

DA

TE

D D

EC

EM

BE

R 6

, 20

16

Bo

th-T

o-B

lam

e C

ollis

ion

Cla

use

“If th

e S

hip

com

es in

to c

ollis

ion w

ith a

no

the

r sh

ip a

s a

result o

f the n

eg

ligen

ce o

f the o

ther s

hip

and

an

y a

ct, n

eg

lect o

r defa

ult o

f Ma

ste

r, ma

rine

r, pilo

t, or th

e s

erv

ants

of th

e C

arrie

r in th

e

navig

atio

n o

r in th

e m

ana

gem

ent o

f the s

hip

, the O

wn

ers

of th

e g

ood

s c

arrie

d h

ere

un

der w

ill

inde

mn

ify th

e C

arrie

r ag

ain

st a

ll loss o

r liability

to th

e o

ther n

on

-ca

rryin

g s

hip

or h

er O

wn

ers

in

so

far a

s s

uch lo

ss o

r liab

ility re

pre

sen

ts lo

ss o

f, or d

am

ag

e to

, or a

ny c

laim

wh

ats

oeve

r of th

e

Ow

ners

of s

aid

go

od

s, p

aid

or p

aya

ble

by th

e o

the

r or n

on

-ca

rryin

g s

hip

or h

er O

wn

ers

to th

e

Ow

ners

of s

aid

go

od

s a

nd

se

t off, re

co

up

ed

or re

co

ve

red

by th

e o

ther o

r no

n-c

arry

ing

sh

ip o

r

her O

wn

ers

as p

art o

f the

ir cla

im a

ga

inst th

e c

arry

ing

sh

ip o

r Ca

rrier”

The fo

reg

oin

g p

rovis

ions s

hall a

lso

ap

ply

wh

ere

the O

wn

ers

, Op

era

tors

or th

ose in

ch

arg

e o

f

any s

hip

or s

hip

s o

r obje

cts

oth

er th

an

, or in

ad

ditio

n to

, the c

ollid

ing

sh

ips o

r obje

cts

are

at fa

ult

in re

spe

ct to

a c

ollis

ion to

, the c

ollid

ing

sh

ips o

r ob

jects

are

at fa

ult in

respe

ct to

a c

ollis

ion o

r

co

ntra

ct.

Ge

ne

ral C

lau

se P

ara

mo

un

t (19

82

) W

ith re

spe

ct to

the s

hip

me

nt, c

arria

ge a

nd

dis

cha

rge

of th

e c

arg

o, w

heth

er o

r not th

is B

ill of

Lad

ing

reg

ula

tes th

e re

latio

ns b

etw

een

the c

arrie

r and

ho

lder o

f sam

e, th

is B

ill of L

ad

ing

sh

all

have

effe

ct s

ubje

ct to

the p

rovis

ions o

f any le

gis

latio

n in

co

rpora

ting

the ru

les c

on

tain

ed in

the

Inte

rnatio

na

l Co

nve

ntio

n fo

r the U

nific

atio

n o

f Ce

rtain

Rule

s o

f Law

Re

latin

g to

Bills

of L

ad

ing

date

d B

russe

ls, 2

5th

Aug

ust, 1

92

4, (T

he H

ag

ue R

ule

s) o

r those R

ule

s a

s a

me

nd

ed b

y th

e

Pro

toco

l sig

ned a

t Bru

sse

ls, F

eb

ruary

23rd

, 196

8 (T

he H

ag

ue V

isb

y R

ule

s) a

nd w

hic

h is

co

mp

uls

orily

app

lica

ble

to th

e c

ontra

ct o

f carria

ge c

onta

ined

he

rein

. If no s

uch le

gis

latio

n is

co

mp

uls

orily

app

lica

ble

, Th

e H

ag

ue R

ule

s o

r, if ap

plic

able

, the H

ag

ue V

isb

y R

ule

s a

s e

na

cte

d

in th

e c

ountry

of th

e p

ort o

f load

ing s

hall a

pp

ly. W

hen

no

su

ch e

na

ctm

ent is

in fo

rce in

the

co

un

try o

f the p

ort o

f load

ing

, the c

orre

spo

nd

ing

leg

isla

tion

of th

e c

oun

try o

f the p

ort o

f

dis

ch

arg

e s

hall a

pp

ly a

nd

in th

e a

bse

nce o

f any s

uch le

gis

latio

n, th

e te

rms o

f the 1

92

4

co

nve

ntio

n a

s a

men

de

d b

y th

e 1

96

8 P

roto

co

l sh

all a

pp

ly.

U.S

. Cu

sto

ms A

dva

nc

e N

otific

atio

n/A

MS

Cla

us

e fo

r Vo

ya

ge

Ch

arte

r Pa

rties

(a) If th

e V

essel lo

ad

s o

r ca

rries c

arg

o d

estin

ed fo

r the U

S o

r passin

g th

roug

h U

S p

orts

in

transit, th

e O

wn

ers

sh

all c

om

ply

with

the c

urre

nt U

S C

usto

ms re

gu

latio

ns (1

9 C

FR

4.7

) or a

ny

su

bse

qu

ent a

me

ndm

ents

there

to a

nd

sh

all u

nd

erta

ke

the ro

le o

f carrie

r for th

e p

urp

ose

s o

f su

ch

reg

ula

tion

s a

nd s

hall, in

their o

wn

na

me

, time

an

d e

xp

en

se:

i) Ha

ve

in p

lace a

SC

AC

(Sta

nd

ard

Carrie

r Alp

ha

Co

de

);

ii) Ha

ve

in p

lace a

n IC

B (In

tern

atio

na

l Ca

rrier B

on

d); a

nd

iii) Su

bm

it a c

arg

o d

ecla

ratio

n b

y A

MS

(Au

tom

ate

d M

anife

st S

yste

m) to

the U

S C

usto

ms.

(b) T

he

Cha

rtere

rs s

hall p

rovid

e a

ll nece

ssary

info

rmatio

n to

the O

wn

ers

and

/or th

eir a

ge

nts

to

ena

ble

the O

wn

ers

to s

ub

mit a

time

ly a

nd

accu

rate

ca

rgo d

ecla

ratio

n.

Th

e C

harte

rers

sh

all a

ssu

me

liability

for a

nd s

hall in

de

mn

ify, d

efe

nd

an

d h

old

ha

rmle

ss th

e

Ow

ners

ag

ain

st a

ny lo

ss a

nd

/or d

am

ag

e w

hats

oeve

r (inclu

din

g c

on

seq

uentia

l loss a

nd

/or

dam

ag

e) a

nd

/or a

ny e

xp

en

ses, fin

es, p

en

altie

s a

nd a

ll oth

er c

laim

s o

f wh

ats

oeve

r natu

re,

inclu

din

g b

ut n

ot lim

ited to

leg

al c

osts

, aris

ing fro

m th

e C

harte

rers

’ failu

re to

com

ply

with

an

y o

f

the p

rovis

ions o

f this

su

b-c

lause

. Sh

ou

ld s

uch fa

ilure

result in

any d

ela

y th

en

, notw

ithsta

nd

ing



any provision in this Charter Party to the contrary, all time used or lost shall count as laytime or,

if the Vessel is already on demurrage, time on demurrage.

(c) The Owners shall assume liability for and shall indemnify, defend and hold harmless the

Charterers against any loss and/or damage whatsoever (including consequential loss and/or

damage) and any expenses, fines, penalties and all other claims of whatsoever nature,

including but not limited to legal costs, arising from the Owners’ failure to comply with any of the

provisions of sub-clause (a). Should such failure result in any delay then, notwithstanding any

provision in this Charter Party to the contrary, all time used or lost shall not count as laytime or,

if the Vessel is already on demurrage, time on demurrage.

(d) The assumption of the role of carrier by the Owners pursuant to this Clause and for the

purpose of the US Customs Regulations (19 CFR 4.7) shall be without prejudice to the identity

of carrier under any bill of lading, other contract, law or regulation.

OWNERS: CHARTERERS:


EXHIBIT 2


17 April 2020 d’Amico Shipping USA Ltd. One Atlantic Street 6th Floor Stamford, CT 06901

M/V Cielo di Gaspesie – Notice of Force Majeure Event

Re: Charter Party dated 10 February 2017

Dear AJ,

We refer to the charter party dated 10 February 2017 (the “Charter”) between McInnis Cement Inc. (“Charterers”) and D’Amico Dry D.A.C. (“Owners”). Due to the extraordinary and unprecedented conditions due to the COVID-19 currently existing in the Northeastern United States (and indeed globally), we are compelled to declare the performance of the Charter suspended based on a force majeure event. In accordance with Clause 34 of the Charter, Charterers hereby declare the occurrence of an event of force majeure, which excuses our performance while the effects of this event are continuing.

As you know, M/V Cielo di Gaspesie (the “Vessel”) is presently at the discharge port nominated under the Charter. Upon completion of cargo operations at the McInnis Bronx Terminal, because of the force majeure event, we are constrained from issuing new voyage instructions. Please advise the Master of the Vessel of our decision. From an operations perspective, please note that this is not the only aspect of our operations impacted by COVID 19. Our Cement Plant at Port Daniels is to set to close and halt production as of May 1, 2020. Furthermore, given that we are working on the basis of this Charter wherein the intention is to perform consecutive trips between our load port and two specific discharge ports, and given the impact of COVID 19 on our Cement Plant and port operations, we find ourselves in a position where we simply cannot continue to employ the Vessel.

A MclNNIS.M

THE NEW CEMENT COMPANY

Mcinnis Cement 2000 Mansfield , Suite 300, Montreal , Quebec H3A 2Y9, CANADA T. 438 382-3331 F. 438 383-3331

mcinniscement.com O @Ciment_Mclnnis


2

The above being said, we believe that we have acted in good faith to prolong the operation of the Vessel and in doing so, to assist in mitigating the potential impacts associated with this force majeure. For example, the current voyage will require about 30 days to complete discharge operations, whereas our average discharge period is about 10 days. While we have tried to keep the Vessel employed under the Charter as long as possible, we have no choice but to suspend operations due to the impact of COVID 19 on our operations. Our decision to invoke Clause 34 has been carefully considered and has not been made in haste. Rather, significant resources have been dedicated to forecasting demand and supply requirements for the both the immediate and short term. In parallel, we have sought out opportunities to utilize the Vessel in other trades, including deliveries to US East Coast terminals operated by organizations other than McInnis. Unfortunately, said opportunities did not materialize.

The fluid nature of measures taken to curb COVID 19 unfortunately prevents McInnis from providing a definitive timeline as to when the Vessel could return to the McInnis trade. This being said, our current analysis indicates that the period of force majeure suspension of the Charter could continue at least until September of this year. Consequently, we would ask both parties to maintain regular communications about the employment of the Vessel.

We will provide updates regarding this situation as we become aware of material changes to the situation and appreciate Owners undertaking its own due diligence efforts to mitigate any losses or damages, including seeking alternate business, that may occur as a result of this declaration of force majeure.

I am available to discuss at your earliest convenience.

Best regards,

Jared Gardner Director, Transport & Logistics, McInnis Cement


EXHIBIT 3


200 PARK AVENUE, SUITE 1700

NEW YORK, NY 10166

212-354-0025

FAX: 212-869-00(,7

TL,a'TISDALE-LAWCl)M

Vincent Foley, Esq. Holland & Knight 31 West 52nd Street NewYork,NY 10019

TISDALE LAW OFFICES, LLC

"AC,ryout: Jlll/.YMd/fwd, ~.r

April29,2020

Re: MN CIELO DI GASPESIE C/P dated 10 February 2017- Notice of Force Majeure TLO File No.: 2864

Dear Mr. Foley:

10 SPRUCE STREET

SOUTHPO RT, CT 06890

203-254-84 7 4

FAX: 203-254 -1641

WWW.TISDALE- LAW.COM

We acknowledge, with thanks, your letter of April 24, 2020 on behalf of Mclnnis Cement Inc. ("Mcinnis" or "Charterers") with respect to the above cited charter party with d' Amico Dry d.a.c. ("d' Amico" or "Owners"). This letter serves as a reiteration of d'Amico's rejection of Charterers' force majeure declaration. It also serves as Owners' demand for expedited arbitration of this dispute with Mcinnis. Finally, let it serve as a request for documents which are relevant to Charterers' declaration as well as a request to physically inspect Mcinnis' facilities.

Whatever problems are proximately causing Charterers' inability to perform their obligations under this COA, they are unrelated to the present COVID-19 pandemic. The charter party provides that between February 15 and December 31, 2018, Charterers were to provide between 31,500 and 34,000 metric tons of cement to be carried on a minimum of 20 and a maximum of 26 voyages, each roundtrip voyage taking 15 days. From January 1, 2019 through to the end of the charter on December 31, 2021, Charterers were to provide between 31,500 to 34,000 metric tons of cement for a minimum of 20 voyages and a maximum of 30 voyages per year for each year. In the first two years of this nearly four year contract, Charterers have never met their performance obligations. Despite the fact that a minimum of 43 voyages should have been performed by now, only 26 voyages have taken place. Of those 26 voyages, only five have been performed without substantial deadfreight being owed. Eighteen of the 26 voyages took 25 days or more to complete. Although 2020 has seen only 3 voyages, these voyages have taken less than the average of 29 days to complete and have involved less deadfreight than the prior years. Corona Virus has caused no change in the Charterers' employment of the CIELO DI GASPESIE.


Instead of having the CIELO DI GASPESIE loading and discharging at the regular intervals contemplated in the d' Amico charter, Mcinnis has recently chartered in extra tonnage to perform additional voyages, thereby creating the over-supplyconditions on which Charterers base their force majeure declaration. For instance, we understand that Charterers have been employing the 20,300 dwt pneumatic vessel GLORY RIVER which has been trading to Providence. We also understand that Charterers are employing the 23,800 dwt pneumatic vessel, NACC NEW YORKER, commencing in mid-June for a period in excess of one-year to perform voyages from Port Daniels to, among other ports, the Bronx and Providence. And, although the d' Amico charter provides for discharge in Providence, we understand that Charterers have already removed the resting barge RESOLUTE from the Providence terminal which is necessary for the discharge of the CIELO DI GASPESIE, but which is not needed to discharge the NACC NEW YORKER. We fail to understand how Mcinnis can declare a force majeure event as they have with regard to the CIELO DI GASPESIE yet not made a similar declaration with regard to the NACC NEW YORKER.

We do not believe that the force majeure clause affords Charterers the right to suspend the contract under these circumstances. Moreover, even if Charterers can establish that their business has been frustrated because of the lack of demand for cement caused by COVID-19, we do not believe that this lack of demand is a cause within the force majeure provisions in this charter party.

Without prejudice to Owners' rejection of Charterers' force majeure declaration, Owners will accept Charterers' instructions not to proceed to Port Daniels or to tender NOR there, as Charterers' acknowledgement that the vessel is ready and able to perform under the COA. As Charterers have requested, Owners will explore the possibility of employing the vessel either on the spot or short-term time charter basis in an effort to mitigate their damages. Owners will keep Charterers apprised of their replacement employment opportunities as well as the extra expenses which will be incurred in order to prepare the vessel for that next employment. These potential expenses include the loss of time and costs which will be incurred to clean the vessel of cement to carry clean cargos such as grain. Other operational issues also exist such as the consumption and later replacement of the gasoil which she burns under the COA with Charterers. Charterers will be provided with this information so that they can be heard if they dispute Owners' mitigation efforts. Owners intend to seek all of the damages which are the foreseeable consequence of Charterers' wrongful declaration of force majeure.

Based upon the foregoing and in accordance with the charter party clause 3 5, Owners hereby appoint Mr. Robert Shaw as Owners' designated arbitrator. Mr. Shaw's contact details are as follows:

Robert Shaw 130 East End Ave., Apt.12A New York NY 10028 Tel: (917) 415-3603 rgshaw 15 [email protected]


Demand is hereby made that Charterers nominate their appointed arbitrator on an expedited basis. It is in the best interest of both parties and in furtherance of both parties' obligations to mitigate their damages that this arbitration proceed expeditiously so that these issues can be heard and resolved promptly. Please confirm your agreement to proceed on this basis.

It is undisputed that Charterers, as the party relying upon the force majeure provisions of the contract, bear the burden of proof to establish that the proximate cause of their inability to perform falls squarely within the clause. In order to expedite the arbitration and fully understand the issues, we ask that you promptly produce the following documents and information:

Port Daniels

1. Documents evidencing the cement production output from 2018 through today;

2. Evidence concerning any maintenance to be performed at the facility during the anticipated shutdown; and

3. Evidence concerning the planning for the shutdown under consideration including evidence establishing when the shutdown was conceived.

Providence and Bronx Discharge Ports

1. Evidence relating to the available water at berth; 2. Evidence about the discharge capabilities at each facility; 3. Evidence concerning the storage capabilities at each facility; 4. Evidence establishing the quantities discharged by ocean going

vessels at each facility between 2018 and 2020; 5. Evidence establishing quantities of cement delivered to customers

between 2018 to 2020; 6. Contracts by Mcinnis for the sale of cement between 2018 to 2020; 7. Contracts evidencing the sale of cement for delivery in 2020; and 8. Any evidence of cancellation or declaration of force majeure under

any of Mcinnis' sales contracts.

Charter Parties

1. Evidence of the negotiation and fixture of the charter of any other vessels by Mcinnis other than the CIELO DI GASPESIE for the carriage of Mcinnis' cement;

2. Evidence of cancellations or declarations of force majeure in any of these other charter parties; and

3. Any charter parties with performance between the present and December 31, 2020.


Finally, we would like to arrange to have our expert consultant visit the Bronx and Providence facilities to investigate the matter. Please let us know who should be contacted to arrange these visits.

We look forward to your response to the foregoing. If you have any questions or which to discuss any facet of the foregoing, please don't hesitate to contact the undersigned on his mobile phone at 203-257-3766.

mt

cc:

We look forward to hearing from you soon. Stay well.

rgshawl 565@gmailcom Robert Shaw


EXHIBIT 4


31 West 52nd Street | New York, NY 10019 | T 212.513.3200 | F 212.385.9010

Holland & Knight LLP | www.hklaw.com

Vincent J. Foley

Partner

(212) 513-3357

[email protected]

Anchorage | Atlanta | Austin | Boston | Charlotte | Chicago | Dallas | Denver | Fort Lauderdale | Houston | Jacksonville | Lakeland

Los Angeles | Miami | New York | Northern Virginia | Orlando | Portland | San Francisco | Stamford | Tallahassee | Tampa

Washington, D.C. | West Palm Beach

May 6, 2020

Via E-Mail

d’Amico Dry d.a.c.

c/o Tisdale Law Offices, LLC

10 Spruce Street

Southport, CT 06890

Attention: Thomas L. Tisdale, Esq.

Re: M/V Cielo di Gaspesie, Charter Party dated 10 February 2017 (the “Charter”)

Our File: 133871-00008

Dear Mr. Tisdale:

We write in response to your letter dated April 29, 2020. This letter addresses Charterers’

appointment of arbitrator, d’Amico’s rejection of the force majeure declaration, and its request

for expedited arbitration with production of documents and inspection of McInnis’s terminals in

the Bronx and Providence.

1. Appointment of Arbitrator

In accordance with Clause 35 of the Charter, Charterers hereby appoint Mr. Louis P.

Sheinbaum as arbitrator. His contact details are as follows:

Louis P. Sheinbaum, Esq.

1173 W. Laurelton Parkway

Teaneck, New Jersey 07666

Telephone: (201) 836-3763

Telefax: (201) 836-1009

Email: [email protected]


mailto:[email protected]



May 6, 2020

Page - 2 -

2. D’Amico’s Rejection Of Charterer’s Force Majeure Declaration.

McInnis and d’Amico certainly disagree on application of the force majeure clause. As

stated in our previous letter, the impacts of COVID-19 on McInnis’ operations have been severe

and pervasive and have required McInnis to declare a force majeure under the Charter. While we

acknowledge that d’Amico disagrees with that decision, d’Amico has a duty to mitigate damages

during the period of force majeure by employing the Vessel in alternative trades. McInnis has

informed d’Amico that it does not believe the Vessel will be returned to service under the Charter

until at earliest September 2020. This means d’Amico will have to mitigate damages until the

force majeure conditions abate. We suggest that during this period both parties should work

together to minimize the impacts of the force majeure event and seek to resolve as many issues as

possible leaving only those that cannot be resolved for submission to the arbitral tribunal, at the

appropriate time and with supporting documents and evidence.

3. Owners’ Demand For Expedited Arbitration Of This Dispute With McInnis.

You have proposed that it is in the best interests of both parties, and in furtherance of their

obligations to mitigate damages, that the arbitration proceed expeditiously. We respectfully

disagree. McInnis does not consider it necessary to proceed immediately to arbitration hearings

before the force majeure event has resolved, and conditions have abated to a situation where the

parties know the extent, if any, of d’Amico’s damages. McInnis will preserve documents relating

to its declaration of force majeure, and such can be exchanged under a mutually agreeable schedule

once the issues have more fully developed, and the parties have determined the issues that need to

be submitted to the panel of arbitrators. We are available to discuss this with you, and to agree

upon a reasonable schedule consistent with the foregoing precepts and taking into consideration

the document collection and production issues imposed by COVID-19 restrictions on McInnis’

operations.

4. Owners’ Request For Documents And Inspection Of The Bronx And Providence

Terminals.

We do not agree that expedited production of documents under the current COVID-19

conditions is necessary for the parties to mitigate their damages. We suggest it makes more sense

for the parties to continue to mitigate by d’Amico employing the Vessel in alternative trades during

this period of force majeure. The parties can address document disputes, inspection of premises,

and mitigation of damages from the declaration of force majeure after the issues have matured,

and the parties can determine the issues that require submission to the arbitration panel. We

suggest that counsel meet and confer concerning these issues in an attempt to reach agreement.




May 6, 2020

Page - 3 -

Your letter includes requests for documents relating to cement production output at Port

Daniel, planning for the Cement Plant shutdown, and maintenance scheduled during the relevant

shutdown period. You also requested documents and evidence relating to McInnis’s terminal

operations at the Bronx and at Providence, and an inspection of those terminals by your expert

consultant. As a result of the impact to McInnis’ operations, it has been obliged to reduced its

workforce to the minimum amount necessary to keep its facilities open both in the United States

and Canada. McInnis employees are under stay at home “shelter in place” orders, which makes it

more difficult to do their normal jobs supporting operations at McInnis. In order to identify many

of the requested documents, McInnis will need physical access to files not presently available from

their remote locations at home. As such, while document preservation steps have been taken to

keep and maintain information relevant to the force majeure declaration for use in the arbitration,

the collection, review and production of documents demanded in your April 29 letter cannot be

completed on an expedited basis, and will require additional time.

As for the Bronx and Providence terminals, you requested to have an expert consultant visit

the terminals to “investigate the matter.” We do not see any reason, and none have been provided

in your letter, as to why your maritime consultant would need to visit the Bronx and Providence

terminals, especially given the current COVID-19 limitations on third parties at the terminals. As

such, McInnis respectfully declines to permit the visits at this time subject to lifting of COVID-19

restrictions, and some reasonable explanation as to the purpose and scope of the requested visits.

If you have any questions or if you would like to discuss any of the foregoing, I can be

reached at (917) 656-1721.

Very truly yours,

Vincent J. Foley

cc: (via email)

Robert Shaw ([email protected])

Louis P. Sheinbaum ([email protected])

#74674123_v1




EXHIBIT 5


------------------------From: Sent: To: Cc: Subject:

---Usd 1,000 ricevuti 1/ 5/ 20

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EWYORK,NY 53B Senders Correspondent :

59 Beneficiary :

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1


20 Transaction Reference Number : - Reference: 238 Bank Operation Code : CRED 32A Date Currency Amount : 200501 USO 1000, 338 Orig Ordered Currency Amount : USO / 1000, SOK Ordering Customer :-MCINNIS USA INC OPERATING ACCOUNT 2000 MANSFIELD, SUITE 300 MONTREAL QUEBEC H3A 2Y9 CANADA 52A Ordering Institution: - EXP: NATIONAL BANK OF CANADA NEW YORK BR NEWYORK,NY 538 Senders Correspondent :

59 Beneficiary : DAMICO DRY DA C

17 19 SIR JOHN ROGERSONS S QUAY DUBLIN 2 IRELAND 70 Details of Payment :

71A Details of Charges : SHA 71 F Senders Charges : USD/0,00 72 Sender to Receiver Information : /

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USd 436,429.38 ricevuti 20/3/2020

20 Transaction Reference Number : 21 Related Reference : 238 Bank Operation Code : CRED 32A Date Currency Amount : 200320 USO 436429,38 338 Orig Ordered Currency Amount : USO / 436429,38 SOK Ordering Customer :-MCINNIS USA INC OPERATING ACCOUNT 2000 MANSFIELS SUITE 300 MONTREAL QUEBEC H3A Y92 CANADA 52A Ordering Institution: BNDCUS33 EXP: NATIONAL BANK OF CANADA NEW YORK BR NEWYORK,NY 538 Senders Correspondent :


1719 SIR JOHN ROGERSONS S QUAY DUBLIN 2 IRELAND 70 Details of Payment :


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JPMORGAN CHASE BANK, N.A. NEW YORK,NY

Usd 361.556,61 ricevuti 5/3/2020

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17 19 SIR JOHN ROGERSONS S QUAY DUBLIN 2 IRELAND 70 Details of Payment :


TRAILER INFORMATION: CHK SRN EXPANSION : JPMORGAN CHASE BANK, N.A. NEW YORK,NY

Usd 315.045,28 ricevuti 14/01/2020

20 Transaction Reference Number : 21 Related Reference : 23B Bank Operation Code : CRED 32A Date Currency Amount : 200114 USO 315045,28 33B Orig Ordered Currency Amount: USO / 315045,28 SOK Ordering Customer : -MCINNIS USA INC OPERATING ACCOUNT 1350 BOUL RENE LEVESQUE QUEST MONTREAL QUEBEC H3G 2W2 CANADA 52A Ordering Institution: - EXP: NATIONAL BANK OF CANADA NEW YORK BR NEWYORK,NY

Senders Correspondent :

DAMICO DRY DA C 17 19 SIR JOHN ROGERSONS S QUAY DUBLIN 2 IRELAND 70 Details of Payment :

71A Details of Charges : SHA 71F Senders Charges : USD/0,00 72 Sender to Receiver Information : /

3


4

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