EX-4.1


 EXHIBIT 4.1 

AMENDMENT NO. 8 TO THE MANAGEMENT AGREEMENT 

This AMENDMENT NO.8 TO THE MANAGEMENT AGREEMENT (the “Amendment”), dated as of November 14, 2017, is made by and between
Navios Maritime Partners L.P., a Marshall Islands limited partnership (“NMLP”) and Navios ShipManagement Inc., a Marshall Islands corporation (“NSM”, and together with NMLP, the “Parties”) and
amends the Management Agreement (the “Management Agreement”) entered into among the Parties on November 16, 2007 and the Amendments to the Management Agreement entered into among the Parties on October 27, 2009,
October 21, 2011, October 30, 2013, August 29, 2014, February 10, 2015, May 4, 2015 and February 4, 2016 (together, with the Management Agreement, the “Agreement”). Capitalized terms used and not
otherwise defined in this Amendment shall have the meanings given them in the Agreement. 
 W I T N E S S E T H: 

WHEREAS, the Parties desire to amend the Agreement. 

NOW, THEREFORE, in consideration of the foregoing and other good and valuable consideration, the receipt and sufficiency of which is hereby
acknowledged, the Parties hereby agree as follows: 
 1.    Paragraph 4 of the Recitals of the Agreement shall be
amended and restated as follows: 
 “NOW THEREFORE, the parties agree that, in consideration for NSM providing the
commercial and technical management services set forth in Schedule “A” to this Agreement (the “Services”), and subject to the Terms and Conditions set forth in Article I attached hereto, NMLP shall from
January 1, 2018 until December 31, 2022, pay to NSM the fees set forth in Schedule “B” to this Agreement (the “Fees”) and, if applicable, the Extraordinary Fees and Costs.” 

2.    Section 6 shall be amended and restated as follows: 

“Service Fee/Reimbursement of Costs and Expenses. In consideration for NSM providing the Services, (i) from
January 1, 2018 until December 31, 2019, NMLP shall pay NSM the Fees as set out in Schedule “B” to this Agreement and the Extraordinary Fees and Costs, if applicable, and (ii) from January 1, 2020 until
December 31, 2022, NMLP shall reimburse NSM for the actual costs and expenses incurred by NSM in the manner provided for in Schedule “B”.” 

3.    The first paragraph of Section 9 shall be amended and restated as follows: 

“Term And Termination. With respect to each of the Vessels, this Agreement shall commence on the date hereof and shall continue
until December 31, 2022, unless terminated by either party hereto on not less than one hundred and twenty (120) days notice if: 






 4.    The first paragraph of Schedule “B” shall be amended
and restated as follows: 
 “FEES AND COSTS AND EXPENSES 

In consideration for the provision of the Services listed in Schedule “A” by NSM to NMLP, NMLP shall, from January 1, 2018 until
December 31, 2019, pay NSM a fixed daily fee of US$4,325 per owned Panamax Vessel, US$4,225 per Ultra-Handymax Vessel, US$5,250 per owned Capesize Vessel, US$6,700 per owned Post-Panamax Container Vessel, US$7,400 per large Container Vessel of
more than 8,000 TEUs, and US$8,750 per very large Container Vessel of more than 13,000 TEUs, payable on the last day of each month. Notwithstanding the foregoing, NMLP’s payment to NSM for services provided in item (21) of Schedule
A shall be at-cost for each Vessel. 
 5.    Full Force and Effect.
Except as modified by this Amendment, all other terms and conditions in the Agreement shall remain in full force and effect. 

6.    Effect. Unless the context otherwise requires, the Agreement, as amended, and this Amendment shall be read
together and shall have effect as if the provisions of the Agreement, as amended, and this Amendment were contained in one agreement. After the effective date of this Amendment, all references in the Agreement to “this Agreement,”
“hereto,” “hereof,” “hereunder” or words of like import referring to the Agreement shall mean the Agreement, as amended, as further modified by this Amendment. 

7.    Counterparts. This Amendment may be executed in separate counterparts, all of which taken together shall
constitute a single instrument. 
 [Remainder of page intentionally left blank. Signature page to follow.] 

  
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 IN WITNESS WHEREOF, the parties hereto have executed this Amendment effective as of the day and
year first above written. 
 NAVIOS MARITIME PARTNERS L.P. 
  

	
	    /s/ Efstratios Desypris
	By:    Efstratios Desypris
	Title:    Chief Financial Officer

 NAVIOS SHIPMANAGEMENT INC. 
  

	
	    /s/ George Achniotis
	By:    George Achniotis
	Title:    President/Director


  
 [Signature Page –
Amendment No. 8 to Management Agreement]