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The terms and conditions set out in this Term Sheet are indicative only and do not constitute a binding agreement to the terms described in this Term Sheet. The commencement of the transaction(s) described in this Term Sheet is subject to internal approval and satisfactory documentation.
1. Date of Term Sheet and Expiry Date of Term Sheet (Cl. 23)
2. Seller (name and jurisdiction of incorporation) (if not also the Charterer(s))
3. Lessor and other lessor parties, if applicable (name and jurisdiction of incorporation)
4. Charterer (name and jurisdiction of incorporation)
5. Guarantor(s) and other Obligors, if applicable (name and jurisdiction of incorporation)
6. Maximum Purchase Price of Vessel (state currency and amount or basis of calculation)
7. Advance Hire, if any (state percentage of Purchase Price)
8. Vessel (describe below or specify in Annex A)
9. Commercial and Technical Managers, if applicable
10. Charter Period (Cl. 7)
11. Optional extension period and notice (Cl. 8)
(i) State extension period
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