7 Surveys on Delivery and Redelivery

(a) The Owners and Charterers shall each appoint and pay for their respective surveyors for the purpose of determining and agreeing in writing the condition of the vessel at the time of delivery and redelivery hereunder. The Owners shall bear all the vessel’s expenses related to the on-hire survey including loss of time, if any. The Charterers shall bear all the vessel’s expenses related to the off-hire survey including loss of time, if any.