"Within the terms of a time charter, the speed of a vessel will be related to a certain number on the Beaufort scale - usually 4 - and the object of this is that the vessel should perform at the prescribed speed with prevailing winds of scale 4 (four). Should she not perform at this speed, then the charterer may make a speed claim against the owners for non -performance."

“Speed/consumption is provided based on good weather conditions winds not exceeding Beaufort Scale 4 and/or Douglas Sea State 3 and not against adverse currents and adverse swell … throughout the period of this charterparty”

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ORIGINAL BPTIME3 TIME CHARTERPARTY

PRODUCED IN ASSOCIATION WITH THE BALTIC AND INTERNATIONAL MARITIME COUNCIL (BIMCO)

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This Charter Party is a computer generated copy of the BEEPEETIME 3 Charter Party form printed by authority of BP Shipping Ltd. using software which is the copyright of Strategic Software Ltd. Any insertion or deletion to the form must be clearly visible. In the event of any modification made to the preprinted text of this document which is not clearly visible, the text of the original BP approved document shall apply. BP Shipping Ltd. and Strategic Software Ltd. assume no responsibility for any loss or damage caused as a result of discrepancies between the original approved document and this document.

ADDITIONAL CLAUSES TO M.T. “SENATORE” TIME CHARTER PARTY DATED

1. Owners warrant that the vessel’s air draft in ballast condition will not exceed 132 feet.

2. Speed/Consumption:

All consumption expressed in tonnes of IFO 380 per day, unless otherwise specified. Consumption up to Beaufort 5 included.

https://www.sec.gov/Archives/edgar/data/1483934/000119312510...