Admin / 2004/01/28
| - USA TAX CLAUSE. ================== NOTWITHSTANDING ANYTHING ELSE CONTAINED IN THIS CHARTER PARTY, THE TAX IMPOSED BY THE PROVISIONS OF THE U.S. TAX REFORM ACT OF 1986, AS AMENDED FROM TIME TO TIME, AND SET FORTH AT sECTION 887 OF THE INTERNAL REVENUE CODE OF THE U.S., (INCLUDING ANY REGULATIONS APPLIED BY THE U.S. INTERNAL REVENUE SERVICES IN RESPECT OF SUCH TAX), ON THE OWNERS GROSS INCOME DERIVED UNDER THIS CHARTER PARTY FROM THE VESSEL**///S OPERATION TO AND FROM U.S. PORTS AND FROM CARGOES DELIVERED TO OR SHIPPED FROM U.S. PORTS, SHALL BE PAID BY CHARTERERS TO OWNERS TOGETHER WITH THE RELEVANT HIRE PAYMENT DUE AT THE TIME, ON THE PRESENTATION OF OWNERS'CALCULATION/INVOICE. OWNERS SHALL NOT BE REQUIRED TO SEEK EXEMPTION FROM SAID TAX, EVEN IF THEY COULD QUALIFY FOR SUCH EXEMPTION. - "U.S. SECURITY CLAUSE" ======================== IF THE VESSEL CALLS IN THE UNITED STATES, INCLUDING ANY U.S. TERRITORY THE FOLLOWING PROVISIONS SHALL APPLY WITH RESPECT TO ANY APPLICABLE SECURITY REGULATIONS OR MEASURES: NOTWITHSTANDING ANYTHING ELSE CONTAINED IN THIS CHARTER PARTY ALL COSTS OR EXPENSES ARISING OUT OF OR RELATED TO SECURITY REGULATIONS OR MEASURES REQUIRED BY U.S. AUTHORITY INCLUDING, BUT NOT LIMITED TO SECURITY GUARDS, LAUNCH SERVICES, TUG ESCORTS, PORT SECURITY FEES OR TAXES AND INSPECTIONS, SHALL BE FOR CHRTERERS ACCOUNT. |