Exhibit 4.13


 


COMMERCIAL AND ADMINISTRATION

MANAGEMENT AGREEMENT


 


between


 


HöeghStream LNG Ltd.


 


and


 


HÖEGH LNG AS


 


This Management Agreement (the “Agreement”)
is made as of 31 May 2010 between;


 


HöeghStream LNG Ltd. (the “Disponent
Owner”) of c/o Appleby Corporate Services (Cayman) Limited, P.O. Box 1350 GT, Clifton House, 75 Fort Street, Grand Cayman
KY1-1108, Cayman Islands; and


 


Höegh LNG AS (the “Manager”)
of P.O. Box 4 Skøyen, Drammensveien 134, 0212 Oslo, Norway.


 


		1.	The Manager hereby undertakes to provide the Disponent Owner with the following services (the “Services”):



 


		a)	accounting, including budgeting, reporting and annual audited reports



 


		b)	finance and cash management



 


		c)	legal (in house)



 


		d)	commercial



 


		e)	insurance



 


		f)	general office administration and secretary functions



 


		2.	The Disponent Owner shall pay to the Manager for the Services an annual management fee of USD 50,000
per annum (pro rata 2010). The fee is to be escalated with 3% per annum, with first adjustment 1 January 2011 (the “Management
Fee”).



 


		3.	The Management Fee shall not include e.g. external legal costs, corporate fees in Cayman Islands
and auditors fees, which will be invoiced directly to the Disponent Owner.



 


		4.	This Agreement shall come into force as of 31 May 2010.



 


		5.	The Disponent Owner hereby ratifies and confirms and agrees to ratify and confirm whatsoever the
Manager shall do or purport to do properly and lawfully under or pursuant to this Agreement.



 


		6.	It is hereby agreed and declared that the Manager shall not be:



 


		a)	restricted from rendering services similar to the services to be rendered hereunder, to other companies
or from carrying on or being concerned or interested (whether as manager, agent, buyer, operator, charterer or otherwise) in any
business or activity which is or may be similar to or competitive with the business or activities now or at any time hereafter
carried on by the Disponent Owner; or



 




     


     

    

  


		b)	liable or answerable for the consequences of any decision or judgement taken or made honestly,
lawfully and in good faith by the Manager in or about the performance or exercise of any of its obligations, duties, powers or
discretions under or pursuant to this Agreement.



 


		7.	The Disponent Owner shall indemnify and hold the Manager, its employees, servants, agents and sub-contractors
free and harmless from all and any claims of whatsoever kind or nature for any damage, loss, expenses
or costs whatsoever and howsoever caused to, suffered or incurred by the Disponent Owner and/or to any third party whosoever arising
out of or in connection with the performance of the duties of the Manager.



 


		8.	It is hereby expressly agreed that no employee, servant, agent or sub-contractor of the Manager
shall in any circumstances whatsoever be under any liability whatsoever to the Disponent Owner for any loss, damage or delay of
whatsoever kind arising or resulting directly or indirectly from any act, neglect or default on his part while acting in the course
of or in connection with his employment and without prejudice to the generality of the foregoing provisions in this Clause, every
exemption, limitation, condition and liberty herein contained and every right, exemption from liability, defense and immunity of
whatsoever nature applicable to the Manager or to which the Manager is entitled hereunder shall also be available and shall extend
to protect every such employee, servant, agent or sub-contractor of the Manager.



 


		9.	This Agreement may be terminated by either party giving 90 days written notice.



 


		10.	This Agreement shall be governed by and construed in accordance with English law. Any claim, dispute
or controversy arising among the parties out of or in relation to this Agreement, shall be settled pursuant to the procedure set
out in Clause 19.1 of the Bimco Shipman 98 template.



 


This Agreement has been executed in 2 original
counterparts, one to each of the parties.


 


	HöeghStream LNG Ltd.	 	Höegh LNG AS
	 	 	 	 	 
	/s/ Stephan Tschudi-Madsen	 	/s/ Sveinung Støhle
	Name:	Stephan Tschudi-Madsen	 	Name:	Sveinung Støhle
	Title:	Director	 	Title:	President and CEO