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Bareboat Charters

Bareboat Charters (c) 2025

Page 233

CHAPTER 24

Clause 24 – Wreck removal

24 Wreck Removal

If the vessel becomes a wreck, or any part of the vessel is lost or abandoned, and is an obstruction to navigation or poses a hazard and has to be raised, removed, destroyed, marked or lit by order of any lawful authority having jurisdiction over the area or as a result of any applicable law, the Charterers shall be liable for any and all expenses in connection with the raising, removal, destruction, lighting or marking of the vessel and shall indemnify the Owners against any sums whatsoever, which the Owners become liable to pay as a consequence.

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