Exhibit 10.27


 


This Indemnification Agreement (this
“Agreement”) is made as of [date of agreement] by and between GasLog Partners LP, a Marshall Islands limited
partnership (the “Partnership”), and [name of indemnitee] (the “Indemnitee”).


 


WHEREAS it is essential to the Partnership to retain and
attract as Directors and Officers the most capable persons available,


 


WHEREAS on [date of appointment or election], the Indemnitee
was [appointed] [elected] as [the] [a] [position of Indemnitee] of the Partnership,


 


WHEREAS the Amended and Restated Partnership Agreement of
the Partnership (the “Partnership Agreement”) requires indemnification of the directors and officers of the
Partnership to the fullest extent permitted under the Limited Partnership Act of The Republic of the Marshall Islands, as amended,
supplemented or restated from time to time, and any successor to such statute, except in matters involving fraud or dishonesty
on the part of such persons,


 


WHEREAS it is the express policy of the Partnership to indemnify
their Directors and Officers so as to provide them with the maximum possible protection permitted by law, and


 


WHEREAS the Partnership does not regard the protection available
to the Indemnitee as adequate in the present circumstances, and realizes that the Indemnitee may not be willing to serve as a Director
and/or Officer without adequate protection, and the Partnership desires the Indemnitee to serve in such capacity;


 


NOW, THEREFORE, in consideration of the Indemnitee’s
agreement to serve as a [position of Indemnitee], the parties agree as follows:


 


1. Definitions


 


1.1 As used in this Agreement:


 


(a) The term “Proceeding”
shall include any threatened, pending or completed action, suit or proceeding, whether brought by or in the right of the GasLog
Ltd., a Bermuda exempted company and parent of the Partnership (the “Company”), the Partnership or otherwise
and whether of a civil, criminal, administrative or investigative nature;


 


(b) The term “Expenses” shall
include, but is not limited to, (i) expenses of investigations, judicial or administrative proceedings or appeals, (ii) damages,
judgments, fines, amounts paid in settlement by or on behalf of the Indemnitee,




    	 



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(iii) attorneys’ fees and disbursements and
(iv) any expenses of establishing a right to indemnification under this Agreement; and


 


(c) The terms “Director” and
“Officer” shall include the Indemnitee’s service at the request and for the benefit of the Partnership
as a director, officer, employee or agent of another corporation, partnership, joint venture, trust or other enterprise as well
as a Director and/or Officer of the Partnership.


 


2. Indemnity of Director and/or
Officer


 


Subject only to the limitations set forth in
Section 3, the Partnership will pay on behalf of the Indemnitee all Expenses actually and reasonably incurred by the Indemnitee
because of any claim or claims made against him in a Proceeding by reason of the fact that he will be, or is or was a Director
and/or Officer for or on behalf of the Partnership. The Partnership will also pay all such Expenses relating to the Indemnitee’s
acting as a witness in a Proceeding and in respect of any Proceeding relating to this Agreement or with respect to the Indemnitee’s
entitlement to indemnification by the Company or by the Partnership pursuant to the Partnership Agreement or any statute, rule
or otherwise.


 


3. Limitations on Indemnity


 


3.1 The Partnership shall not be obligated
under this Agreement to make any payment of Expenses to the Indemnitee:


 


(a) if such payment is prohibited by applicable
law;


 


(b) for which payment is actually made to the
Indemnitee under an insurance policy, except in respect of any excess beyond the amount of payment under such insurance;


 


(c) for which payment the Indemnitee is indemnified
by the Company or by the Partnership otherwise than pursuant to this Agreement;


 


(d) resulting from a claim decided in a Proceeding
adversely to the Indemnitee based upon or attributable to the Indemnitee gaining in fact any personal profit or advantage to which
he was not legally entitled;


 


(e) brought about or contributed to by the fraud
or dishonesty of the Indemnitee seeking payment hereunder; provided, however, that the Indemnitee shall be indemnified
under this Agreement as to any claims upon which suit may be brought against him by reason of any alleged dishonesty on his part,
unless it shall be decided in a Proceeding that he committed (i) acts of active and deliberate dishonesty, (ii) with actual dishonest
purpose and intent, and (iii) which acts were material to the cause of action so adjudicated.


 


3.2 For purposes of Sections 3 and 4,
the phrase “decided in a Proceeding” shall mean a decision by a court, arbitrator(s), hearing officer or other judicial
agent




    	 



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having the requisite legal authority to make such a decision, which decision has become final and from which no appeal or
other review proceeding is permissible.


 


4. Advance Payment of Costs


 


4.1 Expenses incurred by the Indemnitee
in defending a claim against him in a Proceeding shall be paid promptly by the Partnership as incurred and in advance of the final
disposition of such Proceeding; provided, however, that Expenses of defence need not be paid as incurred and in advance
where it is decided in a Proceeding that the Indemnitee is not entitled to be indemnified pursuant to this Agreement.


 


4.2 The Indemnitee hereby agrees and undertakes
to repay such amounts advanced if it shall be decided in a Proceeding that he is not entitled to be indemnified by the Partnership
pursuant to this Agreement or otherwise. The Indemnitee shall not be required to post bond or other security to support this undertaking.


 


5. Enforcement


 


If a claim under this Agreement is not paid by
the Partnership, or on its behalf, within 10 business days after a written claim has been received by the Partnership, the Indemnitee
may at any time thereafter bring suit against the Partnership to recover the unpaid amount of the claim and if successful in whole
or in part, the Indemnitee shall also be entitled to be paid the Expenses of prosecuting such claim.


 


6. Subrogation


 


In the event of payment under this Agreement,
the Partnership shall be subrogated to the extent of such payment to all of the rights of recovery of the Indemnitee, who shall
execute all papers required and shall do everything that may be necessary to secure such rights, including the execution of such
documents necessary to enable the Partnership effectively to bring suit to enforce such rights.


 


7. Insurance


 


The Partnership shall maintain an insurance policy
providing directors’ and officers’ liability insurance in such amounts as the Partnership shall reasonably determine
to be prudent for similarly situated companies whose securities are listed on the New York Stock Exchange, and the Indemnnitee
shall be entitled to coverage under the insurance policy up to the maximum coverage made available for any director or officer
of the Partnership.


 


8. Partnership Assumption of Defence


 


The Partnership shall be entitled to participate
in the defence of any Proceeding or to assume the defence thereof, with counsel approved by the Indemnitee, which approval shall
not be unreasonably withheld, conditioned or delayed, upon the delivery to the Indemnitee of written notice of its election to
do so; provided, however, that in the event that (i) the use of counsel chosen by the Partnership to represent the
Indemnitee would



    	 



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present such counsel with an actual or potential conflict, (ii) the named parties in any such Proceeding (including
any impleaded parties) include both the Partnership and the Indemnitee and the Indemnitee shall conclude that there may be one
or more legal defences available to him that are different from or in addition to those available to the Partnership or (iii) any
such representation by the Partnership would be precluded under the applicable standards of professional conduct then prevailing,
then the Indemnitee will be entitled to retain separate counsel (but not more than one law firm plus, if applicable, local counsel
in respect of any particular Proceeding) at the Partnership’s expense subject to the other terms and conditions of this Agreement.


 


9. Notice


 


9.1 The Indemnitee, as a condition precedent
to his right to be indemnified under this Agreement, shall give to the Partnership notice in writing as soon as practicable of
any claim made against him for which indemnity will or could be sought under this Agreement, together with such information and
cooperation as it may reasonably require.


 


9.2 Notice to the Partnership shall be
given at its principal office and shall be directed to the Partnership’s Secretary (or such other address as the Partnership
shall designate in writing to the Indemnitee).


 


9.3 Notice shall be deemed received if
sent by prepaid mail properly addressed, the date of such notice being the date postmarked.


 


9. Saving Clause


 


If this Agreement or any portion thereof shall
be invalidated on any ground by any court of competent jurisdiction, the Partnership shall nevertheless indemnify the Indemnitee
to the full extent permitted by any applicable portion of this Agreement that shall not have been invalidated or by any other applicable
law.


 


10. Indemnification Hereunder Not
Exclusive


 


Nothing herein shall be deemed to diminish or
otherwise restrict the Indemnitee’s right to indemnification under any provision of the constitutional documents of the Company
or the Partnership, under Bermuda or Marshall Islands law or under any contract or agreement or otherwise.


 


11. Applicable Law


 


The terms and conditions of this Agreement and
the rights of the parties hereunder shall be governed by and construed in all respects in accordance with the laws of the Republic
of the Marshall Islands. The parties to this Agreement hereby irrevocably agree that the Court of Chancery of the State of Delaware
(or, if such court does not have subject matter jurisdiction thereof, any other court located in the State of Delaware with subject
matter jurisdiction), unless otherwise provided for by Marshall Islands law, shall have exclusive jurisdiction in respect of any
dispute, suit, action, arbitration or



    	 



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proceedings which may arise out of or in connection with this Agreement and waive any objection
to such proceedings in the Court of Chancery of the State of Delaware (or, if such court does not have subject matter jurisdiction
thereof, any other court located in the State of Delaware with subject matter jurisdiction), unless otherwise provided for by Marshall
Islands law, on the grounds of venue or on the basis that they have been brought in an inconvenient forum.


 


12. Changes in Law


 


In the event that a change in applicable law
after the date of this Agreement, whether by statute, rule or judicial decision, expands or otherwise increases the right or ability
of a Marshall Islands limited partnership to indemnify (or to otherwise pay or advance Expenses as to any Proceeding for the benefit
of) a member of its board of directors or an officer of the Partnership, the Indemnitee shall, by this Agreement, enjoy the greater
benefits so afforded by such change. In the event that a change in applicable law after the date of this Agreement, whether by
statute, rule or judicial decision, narrows or otherwise reduces the right or ability of a Marshall Islands limited partnership
to indemnify (or to otherwise pay or advance Expenses as to any Proceeding for the benefit of) a member of its board of directors
or an officer of the Partnership, such change shall have no effect on this Agreement or any of the Indemnitee’s rights hereunder,
except and only to the extent required by law.


 


13. Counterparts


 


This Agreement may be executed in any number
of counterparts, each of which shall constitute the original.


 


14. Successors and Assigns


 


This Agreement shall be binding upon the Partnership
and its successors and assigns.


 


15. Continuation of Indemnification


 


The indemnification under this Agreement shall
continue as to the Indemnitee even though he may have ceased to be a Director and/or Officer and shall inure to the benefit of
the heirs and personal representatives of the Indemnitee.


 


16. Coverage of Indemnification


 


The indemnification under this Agreement shall
cover the Indemnitee’s service as a Director and/or Officer prior to or after the date of the Agreement.






    	 



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AGREED by the Parties through their authorised signatories on the
date first written above:


 


For, and on behalf of


 


GasLog Partners LP


 


 


	By	 	 	 	 
	 	[name]	 	[name]	 
	 	[position]