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.