IIHIHX:I I

Case 1:07-cv-03397-JGK Document 20-2 Filed 06/21/2007 Page 1 of 2
AlC Repinter International Shipping Co.

Rider to MN "Orhan DevalH Time Charter dated Apri/13, 2006

Clause 32 continued

repairfor stevedore damage but not for the time used, unless it exceeds the time for Owners'

drydocking.

33. Annual war risk insurance premium on vessel to be for Owners' account but any additional

premium levied on account of vessel's trading under this Charter Party to be for Charterers'

account. Any war bonus to crew and/or Officers to be for Charterers' account. For insurance

purposes, the hull and machinery value of the vessel is fixed at USD 9 Million for the duration

of this Charter Party. Any extra insurance on cargo due to vel;sel's age, flag and/or nature of

cargo to be for Charterers' account.

34. Should the vessel put back whilst on voyage by reason of any accident or breakdown or In the

event of loss of time either in port or at sea, or deviation upon the course of the voyage caused

by sickness or accident to the crew or any person on board the vessel (other than the

Su~rcargo employed by Charterers), or by any refusal of the Master or crew to perform their

duties, the hire shall be suspended from the time of the inefficiency until the vessel is again

efficient (off hire to the extent Charterers' operations are hinderedlactual time lost), in the

same position equidistant and voyage resumed there from, and all bunker consumed during

period of suspended hire shall be for Owners' account.

If vessel calls at any United States port for purposes of loading or discharging cargo, vessel's

cargo gear and all other equipment shall comply with regulations established by U.S. Public

law 85-742, June 1966, {Safety and Health Regulations for Longshoring). If longshoremen

are not permitted to workdue to failure of the Master andlor Owners andlor Owners' agents to

comply with the aforementioned regulations, any delay resulting there from shall be for

Owners' account (New Safety and Health Regulations, June 1966).

35.

36. It is understood that if necessary the vessel will comply with any safety regulations and/or

requirementsin effectat portsof loadingandlor discharging but always In accordance with

ISM and ISPS requirements.

37.

38.

Deleted.

Owners' PANDI Club: Thomas Miller PANDJ Bermuda.

H + M Value: USD 9 Million.

Charterers' insurance company: Charterers Mutual Assurance Assn., London.

39.

All cargo claims to be settled In accordance with NYPE Interclub Agreement, as amended

1996 and any later amendments.

The party having paid the claim pursuant to having obtained the other party's prior approval if

itis involved shall submit to the other party supporting documents as soon as possible.

It is warranted that during the currency of this Charter Party the vessel will be provided with a

Certificate of Financial Responsibility (Oil Pollution) issued by the Federal Maritime

Commissionpursuant to Public Law 91-224 of the United States of America.

40. Vessel to have on board deratjzation certificate, also valid cargo gear certificate. These

certificatesto be maintainedthroughoutthe Time Charter period.

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