Exhibit 10.3.1
MEMORANDUM OF AGREEMENT Norwegian Shipbrokers’ Association’s Memorandum of Agreement for sale and purchase of ships. Adopted by The Baltic and International Maritime Council (BIMCO) in 1956. Code-name SALEFORM 1993 Revised 1966, 1983 and 1986/87. Dated: 6th July 2007 ORIGINAL First Suezmax Tanker Corporation, Majuro, Marshall Islands hereinafter called the Sellers, have agreed 1 to sell, and Double Hull Tankers Inc., or Nominee hereinafter called the Buyers, have agreed to buy 2 Name: MT “BESIKTAS” 3 Classification Society/Class: American Bureau of Shipping (ABS) 4 Built: 2001 By: HHI, S. Korea 5 Flag: Marshall Islands Place of Registration: Majuro, Marshall Islands 6 Call Sign: TCBS Grt/Nrt: 82250/53432 7 Registration Number: 317 8 hereinafter called the Vessel, on the following terms and conditions: 9 Definitions 10 Printed by BIMCO’s idea “Banking days” are days on which banks are open both in the country of the currency 11 stipulated for the Purchase Price in Clause 1 and in the place of closing stipulated in Clause 8. 12 “In writing” or “written” means a letter handed over from the Sellers to the Buyers or vice versa, 13 a registered letter, telex, telefax or other modern form of written communication. 14 “Classification Society” or “Class” means the Society referred to in line 4. 15 1. Purchase Price USD 92,700,000 (ninety two million seven hundred thousand United States 16 Dollars) in cash. 2. Deposit 17 As security for the correct fulfilment of this Agreement the Buyers shall pay a deposit of 10% 18 (ten per cent) of the Purchase Price within three (3) banking days from the date of this 19 Agreement. This deposit shall be placed with Den Norske Bank (DNB) NOR, New York 20 and held by them in a joint account for the Sellers and the Buyers, to be released in accordance 21 with joint written instructions of the Sellers and the Buyers. Interest, if any, to be credited to the 22 Buyers. Any fee charged for holding the said deposit shall be borne equally by the Sellers and the 23 Buyers. 24 3. Payment 25 The said Purchase Price shall be paid in full free of bank charges to 26 OSG International Inc., C/O JP Morgan Chase Bank New York ABA 021000021 Swift: CHASUS33 Account 232-1015113 on delivery of the Vessel, but not later than 3 banking days after the Vessel is in every respect 27 physically ready for delivery in accordance with the terms and conditions of this Agreement and 28 Notice of Readiness has been given in accordance with Clause 5. 29 4. Inspections 30 a)* The Buyers 31 This document is a computer generated SALEFORM 1993 form printed by authority of the Norwegian Shipbrokers’ Association. Any insertion or deletion to the form must be clearly visible. In the event of any modification made to the pre-printed text of this document which is not clearly visible, the text of the original approved document shall apply. BIMCO and the Norwegian Shipbrokers’ Association assume no responsibility for any loss, damage or expense as a result of discrepancies between the original approved document and this computer generated document.
32 have accepted the Vessel based on an inspection report commissioned by OSG Ship 33 Management Inc., carried out in Trieste, Italy during June 29-30, 2007 and the sale is outright and definite, subject only to the terms and conditions of this Agreement. 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 * 4 a) and 4b) are alternatives; delete whichever is not applicable. In the absence of deletions, 49 alternative 4a) to apply. 50 5. Notices, time and place of delivery 51 a) The Sellers shall keep the Buyers well informed of the Vessel’s itinerary and shall 52 provide the Buyers with 30, 20, 10, 5, 3 days, approximate, and 1 days definite notice of the 53 estimated time of arrival at the intended place of underwater inspection/delivery. When the Vessel is at the place 54 of delivery and in every respect physically ready for delivery in accordance with this 55 Agreement, the Sellers shall give the Buyers a written Notice of Readiness for delivery. 56 b) The Vessel shall be delivered and taken over safely afloat at a safe and accessible berth or 57 anchorage at/in US Gulf and Europe including Turkey. 58 in the Sellers’ option. 59 Expected time of delivery: Between 1st November 2007 and 20th December 2007 60 Date of cancelling (see Clauses 5 c), 6 b) (iii) and 14): 21st December 2007 in Buyers 61 option. c) If the Sellers anticipate that, notwithstanding the exercise of due diligence by them, the 62 Vessel will not be ready for delivery by the cancelling date they may notify the Buyers in 63 writing stating the date when they anticipate that the Vessel will be ready for delivery and 64 propose a new cancelling date. Upon receipt of such notification the Buyers shall have the 65 option of either cancelling this Agreement in accordance with Clause 14 within 7 running 66 days of receipt of the notice or of accepting the new date as the new cancelling date. If the 67 Buyers have not declared their option within 7 running days of receipt of the Sellers’ 68 notification or if the Buyers accept the new date, the date proposed in the Sellers’ notification 69 shall be deemed to be the new cancelling date and shall be substituted for the cancelling 70 date stipulated in line 61. 71 If this Agreement is maintained with the new cancelling date all other terms and conditions 72 hereof including those contained in Clauses 5 a) and 5 c) shall remain unaltered and in full 73 force and effect. Cancellation or failure to cancel shall be entirely without prejudice to any 74 claim for damages the Buyers may have under Clause 14 for the Vessel not being ready by 75 the original cancelling date. 76 d) Should the Vessel become an actual, constructive or compromised total loss before delivery 77 the deposit together with interest earned shall be released immediately to the Buyers 78 whereafter this Agreement shall be null and void. 79 6. Drydocking/Divers Inspection 80 81 82 83 This document is a computer generated SALEFORM 1993 form printed by authority of the Norwegian Shipbrokers’ Association. Any insertion or deletion to the form must be clearly visible. In the event of any modification made to the pre-printed text of this document which is not clearly visible, the text of the original approved document shall apply. BIMCO and the Norwegian Shipbrokers’ Association assume no responsibility for any loss, damage or expense as a result of discrepancies between the original approved document and this computer generated document.
84 85 86 87 b)** (i) The Vessel is to be delivered without drydocking. However, the Buyers shall 88 have the right at their expense to arrange for an underwater inspection by a diver approved 89 by the Classification Society prior to the delivery of the Vessel. The Sellers shall at their 90 cost make the Vessel available for such inspection. The extent of the inspection and the 91 conditions under which it is performed shall be to the satisfaction of the Classification 92 Society. If the conditions at the port of delivery are unsuitable for such inspection, the 93 Sellers shall make the Vessel available at a suitable alternative place near to the delivery 94 port. 95. (ii) If the rudder, propeller, bottom or other underwater parts below the deepest load line 96 are found broken, damaged or defective so as to affect the Vessel’s class, then unless 97 repairs can be carried out afloat to the satisfaction of the Classification Society and in the 98 event that the Classification Society for such damage/s would impose a recommendation that would require the vessel to be repaired promptly and prior to her scheduled dry dock then, the Sellers Shall arrange for the Vessel to be drydocked at their expense for inspection by the 99 Classification Society of the Vessel’s underwater parts below the deepest load line, the 100 extent of the inspection being in accordance with the Classification Society’s rules. If the 101 rudder, propeller, bottom or other underwater parts below the deepest load line are found 102 broken, damaged or defective so as to affect the Vessel’s class, such defects shall be made 103 Good by the Sellers at their expense to the satisfaction of the Classification Society 104 without condition/recommendation*. In such event the Sellers are to pay also for the cost of 105 the underwater inspection and the Classification Society’s attendance. 106 If however, in case of damage/s imposing a recommendation but the vessel is not required 107 to be dry docked before her next scheduled dry dock, then the vessel will not be dry docked/repaired but the Sellers shall pay to the Buyers the estimated cost to repair such damage/s in a way which is acceptable to the Classification Society and which shall be the direct cost of the repair for such damage only (so excluding dry dock fees). This amount to be based on the average of two quotations given by two reputable independent repair yards in the delivery area as chosen and obtained one by the Sellers and one by the Buyers. The amount as agreed shall be deducted from the balance of the purchase price at the time of delivery. (iii) If the Vessel is to be drydocked pursuant to Clause 6 b) (ii) and no suitable drydocking facilities are available at the port of delivery, the Sellers shall take the Vessel 108 to a port where suitable drydocking facilities are available, whether within or outside the 109 delivery range as per Clause 5 b). Once drydocking has taken place the Sellers shall deliver 110 the Vessel at a port within the delivery range as per Clause 5 b) which shall, for the 111 purpose of this Clause, become the new port of delivery. In such event the cancelling date 112 provided for in Clause 5 b)) shall be extended by the additional time required for the 113 drydocking and extra steaming, but limited to a maximum of 14 running days. 114 c) If the Vessel is drydocked pursuant to Clause 6 a) or 6 b) above 115 (i) the Classification Society may require survey of the tailshaft system, the extent of 116 the survey being to the satisfaction of the Classification surveyor. If such survey is not 117 required by the Classification Society, the Buyers shall have the right to require the tailshaft 118 to be drawn and surveyed by the Classification Society, the extent of the survey being in 119 accordance with the Classification Society’s rules for tailshaft survey and consistent with 120 the current stage of the Vessel’s survey cycle. The Buyers shall declare whether they 121 require the tailshaft to be drawn and surveyed not later than by the completion of the 122 inspection by the Classification Society. The drawing and refitting of the tailshaft shall be 123 arranged by the Sellers. Should any parts of the tailshaft system be condemned or found 124 defective so as to affect the Vessel’s class, those parts shall be renewed or made good at 125 the Sellers’ expense to the satisfaction of the Classification Society without 126 condition/recommendation*. 127 (ii) the expenses relating to the survey of the tailshaft system shall be borne 128 by the Buyers unless the Classification Society requires such survey to be carried out, in 129 which case the Sellers shall pay these expenses. The Sellers shall also pay the expenses 130 if the Buyers require the survey and parts of the system are condemned or found defective 131 or broken so as to affect the Vessel’s class*. 132 This document is a computer generated SALEFORM 1993 form printed by authority of the Norwegian Shipbrokers’ Association. Any insertion or deletion to the form must be clearly visible. In the event of any modification made to the pre-printed text of this document which is not clearly visible, the text of the original approved document shall apply. BIMCO and the Norwegian Shipbrokers’ Association assume no responsibility for any loss, damage or expense as a result of discrepancies between the original approved document and this computer generated document.
(iii) the expenses in connection with putting the Vessel in and taking her out of 133 drydock, including the drydock dues and the Classification Society’s fees shall be paid by 134 the Sellers if the Classification Society issues any condition/recommendation* as a result 135 of the survey or if it requires survey of the tailshaft system, in all other cases the Buyers 136 shall pay the aforesaid expenses, dues and fees. 137 (iv) the Buyers’ representative shall have the right to be present in the drydock, but 138 without interfering with the work or decisions of the Classification surveyor. 139 (v) the Buyer shall have the right to have the underwater parts of the Vessel 140 cleaned and painted at their risk and expense without interfering with the Sellers’ or the 141 Classification surveyor’s work, if any, and without affecting the Vessel’s timely delivery. If, 142 however, the Buyers’ work in drydock is still in progress when the Sellers have 143 completed the work which the Sellers are required to do, the additional docking time 144 needed to complete the Buyers’ work shall be for the Buyers’ risk and expense. In the event 145 that the Buyers’ work requires such additional time, the Sellers may upon completion of the 146 Sellers’ work tender Notice of Readiness for delivery whilst the Vessel is still in drydock 147 and the Buyers shall be obliged to take delivery in accordance with Clause 3, whether 148 the Vessel is in drydock or not and irrespective of Clause 5 b). 149 * Notes, if any, the surveyor’s report which are accepted by the Classification Society 150 without condition/recommendation are not to be taken into account. 151 ** 6 a) and 6 b) are alternatives; delete whichever is not applicable. In the absence of deletions, 152 alternative 6 a) to apply. 153 7. Spares/bunkers, etc. 154 The Sellers shall deliver the Vessel to the Buyers with everything belonging to her on board and on 155 shore. All spare parts and spare equipment 156 belonging to the Vessel at the time of inspection used or 157 unused, whether on board or not shall become the Buyers’ property, but spares on order are to be 158 excluded. Forwarding charges, if any, shall be for the Buyers’ account. The Sellers are not required to 159 replace spare parts which 160 are taken out of spare and used as replacement prior to delivery, but the replaced items shall be the 161 property of the Buyers. The radio installation and navigational equipment shall be included in the sale 162 without extra payment. Unused stores and provisions shall be 163 included in the sale and be taken over by the Buyers without extra payment. 164 The Sellers have the right to take ashore crockery, plates, cutlery, linen and other articles bearing the 165 Sellers’ flag or name, provided they replace same with similar unmarked items. Library, forms, etc., 166 exclusively for use in the Sellers’ vessel(s), shall be excluded without compensation. Captain’s, 167 Officers, and Crew’s personal belongings including the slop chest are to be excluded from the sale, 168 as well as the following additional items (including items on hire): Unitor Gas Bottles, Crew 169 personal laptop computers and Sellers own/private files but not Vessels records. 170 171 172 173 174 8. Documentation 175 The place of closing: Istanbul, Turkey or any other place which mutually agreed to be more practical 176 between the Sellers and the Buyers. In exchange for payment of the Purchase Price the Sellers shall furnish the Buyers with delivery 177 documents, namely: 178 a) Legal Bill of Sale, in two originals, 179 warranting that the Vessel is free from all encumbrances, mortgages 180 and maritime liens or any other debts or claims whatsoever, duly notarially attested and 181 legalized by the consul of Buyers’ country or apostilled by other competent authority. 182 b) Current Certificate of Ownership issued by the competent authorities of the flag state of 183 the Vessel, evidencing that the vessel is owned by the Sellers, dated the day of Sellers 184 tendering the Notice of Readiness for delivery. This document is a computer generated SALEFORM 1993 form printed by authority of the Norwegian Shipbrokers’ Association. Any insertion or deletion to the form must be clearly visible. In the event of any modification made to the pre-printed text of this document which is not clearly visible, the text of the original approved document shall apply. BIMCO and the Norwegian Shipbrokers’ Association assume no responsibility for any loss, damage or expense as a result of discrepancies between the original approved document and this computer generated document.
c) Confirmation of Class issued within 72 hours prior to delivery. 185 d) Current Certificate of encumberance issued by the competent authorities stating that the 186 Vessel is free from registered encumbrances/mortgages, dated the day of Sellers tendering the Notice of 187 Readiness for delivery e) Certificate of Deletion of the Vessel from the Vessel’s registry or other official evidence of 188 deletion appropriate to the Vessel’s registry at the time of delivery, or, in the event that the 189 registry does not as a matter of practice issue such documentation immediately, a written 190 undertaking by the Sellers to effect deletion from the Vessel’s registry forthwith and furnish a 191 Certificate or other official evidence of deletion to the Buyers promptly and latest within 1 192 (one) week after the Purchase Price has been paid and the Vessel has been delivered. 193 f) Notarized and Apostilled copy of the Minutes of Meeting of the Board of Directors and Shareholders of Sellers authorizing sale of the Vessel and appointing person to execute Bill of Sale and proceed with delivery formalities on the terms set forth in this Agreement (the “MOA”). g) Power of Attorney in favor of person(s) authorized to execute and deliver the Bill of Sale and all documents relevant to the sale and delivery of the vessel. h) Good Standing Certificate of Sellers to be issued by the Marshall Islands Registry dated not more than fifteen (15) days prior to the closing/delivery date. i) Copy of Sellers Articles of Incorporation and Bye Laws. j) Certificate of Ownership and Encumberance to be issued by the appropriate authorities, evidencing Vessel owned by the Sellers and free from all registered encumbrances and mortgages, to be dated on the delivery date and be issued and delivered to Buyers simultaneously with payment of the purchase price. k) Commercial invoice in triplicate marked ‘fully paid’ giving details of the vessel and the full purchase price. l) Permission from the Marshall Islands Authorities to transfer the vessel to the Buyer for re-registration under the Marshall Island flag. m) Any such additional documents as may reasonably be required by the competent authorities 194 for the purpose of registering the Vessel, provided the Buyers notify the Sellers of any such 195 documents as soon as possible after the date of this Agreement. 196 (The certificates as per above paragraph b) and d) will be in one document only) The Buyers or Buyers shareholder shall furnish the Sellers with the following documents: n) Minutes of the Meeting of the Board of Directors of the Buyers authorizing purchase of the vessel as per the MOA from Sellers and appointing person(s) to execute the Protocol of Delivery and Acceptance and all relevant documents and proceed with delivery formalities to be notorized by a Notary Public and Apostilled. o) Power of Attorney of the Buyers, in favor of the Buyers empowering person(s) to conduct all matters relating to the purchase of the Vessel on behalf of the Buyers, including accept delivery of the Vessel from the Sellers and release the deposit and pay the balance of the purchase price and any other money payable to the Sellers, signing the Protocol of Delivery and Acceptance and attending all relevant matters, to be notarized by a Notary Public and Apostilled. All above documents to be either in English or be accompanied by a certified, true English translation. At the time of delivery the Buyers and Sellers shall sign and deliver to each other a Protocol of 197 Delivery and Acceptance confirming the transfer of the title to the vessel and the place, date and time 198 of delivery of the Vessel from the Sellers to the Buyers. 199 At the time of delivery the Sellers shall hand to the Buyers the classification certificate(s) as well as all 200 plans etc., which are on board the Vessel. Other certificates which are on board the Vessel shall also 201 be handed over to the Buyers unless the Sellers are required to retain same, in which case the 202 Buyers to have the right to take copies. Other technical documentation which may 203 be in the Sellers’ possession shall be promptly forwarded to the Buyers at their expense, if they so 204 request. The Sellers may keep the Vessel’s log books but the Buyers to have the right to take 205 This document is a computer generated SALEFORM 1993 form printed by authority of the Norwegian Shipbrokers’ Association. Any insertion or deletion to the form must be clearly visible. In the event of any modification made to the pre-printed text of this document which is not clearly visible, the text of the original approved document shall apply. BIMCO and the Norwegian Shipbrokers’ Association assume no responsibility for any loss, damage or expense as a result of discrepancies between the original approved document and this computer generated document.
copies of same. 206 9. Encumbrances 207 The Sellers warrant that the Vessel, at the time of delivery, is free from all charters, encumbrances, 208 mortgages and maritime liens or any other debts whatsoever. The Sellers hereby undertake 209 to indemnify the Buyers against all consequences of claims made against the Vessel which have 210 been incurred prior to the time of delivery. 211 10. Taxes, etc. 212 Any taxes, fees and expenses in connection with the purchase and registration under the Buyers’ flag 213 shall be for the Buyers’ account, whereas similar charges in connection with the closing of the Sellers’ 214 register shall be for the Sellers’ account. 215 11. Condition on delivery 216 The Vessel with everything belonging to her shall be at the Sellers’ risk and expense until she is 217 delivered to the Buyers, but subject to the terms and conditions of this Agreement she shall be 218 delivered and taken over as she was at the time of inspection, fair wear and tear excepted. 219 However, the Vessel shall be delivered with her class maintained without condition/recommendation*, 220 free of average damage affecting the Vessel’s class, and with her classification certificates and 221 national certificates, as well as all other certificates the Vessel had at the time of inspection, valid and 222 unextended without condition/recommendation* by Class or the relevant authorities at the time of 223 delivery. 224 “Inspection” in this Clause 11, shall mean the Buyers’ inspection according to Clause 4 a) or 4 b), if 225 applicable, or the Buyers’ inspection prior to the signing of this Agreement. If the Vessel is taken over 226 without inspection, the date of this Agreement shall be the relevant date. 227 * Notes, if any, in the surveyor’s report which are accepted by the Classification Society 228 without condition/recommendation are not to be taken into account. 229 12. Name/markings 230 Upon delivery the Buyers undertake to change the name of the Vessel and alter funnel markings. 231 13.Buyers’ default 232 Should the deposit not be paid in accordance with Clause 2, the Sellers have the right to cancel this 233 Agreement, and they shall be entitled to claim compensation for their losses and for all expenses 234 incurred together with interest. 235 Should the Purchase Price not be paid in accordance with Clause 3, the Sellers have the right to 236 cancel the Agreement, in which case the deposit together with interest earned shall be released to the 237 Sellers. If the deposit does not cover their loss, the Sellers shall be entitled to claim further 238 compensation for their losses and for all expenses incurred together with interest. 239 14. Sellers’ default 240 Should the Sellers fail to give Notice of Readiness in accordance with Clause 5a or fail to be ready 241 to validly complete a legal transfer by the date stipulated in line 61 the Buyers shall have 242 the option of cancelling this Agreement provided always that the Sellers shall be granted a 243 maximum of 3 banking days after Notice of Readiness has been given to make arrangements 244 for the documentation set out in Clause 8. If after Notice of Readiness has been given but before 245 the Buyers have taken delivery, the Vessel ceases to be physically ready for delivery and is not 246 made physically ready again in every respect by the date stipulated in line 61. and new Notice of 247 Readiness given, the Buyers shall retain their option to cancel. In the event that the Buyers elect 248 to cancel this Agreement the deposit together with interest earned shall be released to them 249 immediately. 250 Should the Sellers fail to give Notice of Readiness by the date stipulated in line 61 or fail to be ready 251 to validly complete a legal transfer as aforesaid they shall make due compensation to the Buyers for 252 their loss and for all expenses together with interest if their failure is due to proven 253 negligence and whether or not the Buyers cancel this Agreement. 254 15. Buyers’ representatives 255 After this Agreement has been signed by both parties and the deposit has been lodged, the Buyers 256 This document is a computer generated SALEFORM 1993 form printed by authority of the Norwegian Shipbrokers’ Association. Any insertion or deletion to the form must be clearly visible. In the event of any modification made to the pre-printed text of this document which is not clearly visible, the text of the original approved document shall apply. BIMCO and the Norwegian Shipbrokers’ Association assume no responsibility for any loss, damage or expense as a result of discrepancies between the original approved document and this computer generated document.
have the right to place two representatives on board the Vessel at their sole risk and expense 257 who can remain onboard until Delivery. 258 These representatives are on board for the purpose of familiarisation and in the capacity of 259 observers only, and they shall not interfere in any respect with the operation of the Vessel. The 260 Buyers’ representatives shall sign the Sellers’ letter of indemnity prior to their embarkation. Buyers have 261 the right to rotate their representatives as practical. 16. Arbitration 262 a)* This Agreement shall be governed by and construed in accordance with English law and 263 any dispute arising out of this Agreement shall be referred to arbitration in London in 264 accordance with the Arbitration Acts 1950 and 1979 or any statutory modification or 265 re-enactment thereof for the time being in force, one arbitrator being appointed by each 266 party. On the receipt by one party of the nomination in writing of the other party’s arbitrator, 267 that party shall appoint their arbitrator within fourteen days, failing which the decision of the 268 single arbitrator appointed shall apply. If two arbitrators properly appointed shall not agree 269 they shall appoint an umpire whose decision shall be final. 270 271 272 273 274 275 276 278 279 280 281 * 16 a) 16 b) and 16 c) are alternatives; delete whichever is not applicable. In the absence of 282 deletions, alternative 16 a) to apply. 283 17. Notices All notices required to be given in accordance with this Agreement shall be in writing, by fax or e-mail, and shall be addressed to the following with copy to the Broker: To the Sellers: Copyright: Norwegian Shipbrokers’ Association, Oslo, Norway. Mr. Marc La Monte C/O OSG Ship Mgt., Inc. 666 3rd Avenue New York, N.Y. 10017, USA Tel: 212 578 1812 Fax: 212 578 1991 Email: osgs&p@osg.com To the Buyers: Double Hull Tankers Inc. 26 New Street St Helier Jersey, Channel Islands OJ Diesen Tel (47) 908 31012 Email: ojdiesen@dhtankers.je Or Eirik Uboe Tel (47) 41292712 Email: eu@tankersservices.com This document is a computer generated SALEFORM 1993 form printed by authority of the Norwegian Shipbrokers’ Association. Any insertion or deletion to the form must be clearly visible. In the event of any modification made to the pre-printed text of this document which is not clearly visible, the text of the original approved document shall apply. BIMCO and the Norwegian Shipbrokers’ Association assume no responsibility for any loss, damage or expense as a result of discrepancies between the original approved document and this computer generated document.
This agreement has been issued in two (2) originals, one for the Sellers and one for the Buyers and shall not be binding unless and until signed by both parties via fax or e-mail. THE SELLERS First Suezmax Tanker Corporation By: /s/ James I. Edelson James I. Edelson Vice President THE BUYERS /s/ O. J. Diesen OLE Jacob Diesen CEO This document is a computer generated SALEFORM 1993 form printed by authority of the Norwegian Shipbrokers’ Association. Any insertion or deletion to the form must be clearly visible. In the event of any modification made to the pre-printed text of this document which is not clearly visible, the text of the original approved document shall apply. BIMCO and the Norwegian Shipbrokers’ Association assume no responsibility for any loss, damage or expense as a result of discrepancies between the original approved document and this computer generated document.
