Yacht Lease Agreement

Y A C H T     C H A R T E R I N G     A G R E E M E N T

1. SUBJECT OF AGREEMENT :

Yacht Code: ............................     Rental Period: ............................

Yacht Type: ............................      Crew Number: ............................

2. PARTIES :

The undersigned below: On the one party, signed ………………… represented by Okeanos Yachting, resident at; (Okeanos Yatçılık Turizm Seyahat ve Tic. Ltd. Şti. Cumhuriyet Mah. Çarşı Cad. Likya İş Merkezi No:1 D:311 FETHİYE-MUĞLA/Türkiye, (which will be referred to as OKEANOS in the following lines) and on the other party, signed …………………. (hereinafter referred to as RENTER) a full agreement has been reached between the two parties on the following conditions regarding the rental of the yacht mentioned above.

3. TIME PERIOD :

OKEANOS agrees to rent the yacht with the code ………………, defined above, between the dates of ………………… (total ….... nights) to the RENTER.

4. RENTAL RATE AND PAYMENT :

The total cost of this rental is ………….. The payment schedule is as follows.

PREPAYMENT DATE: ..................................

REMAINING PAYMENT DATE ..................................

5. DELIVERY :

OKEANOS is obliged to deliver the vessel fully equipped, in working condition, together with the necessary crew, to the RENTER at 15:00 on the day of ……………….. at Fethiye Port.

6. DELAY IN DELIVERY :

If OKEANOS does not fulfil the 5th item, the RENTER may choose one of the following behaviours at his own discretion: a) Extending the rental period until the delay, provided that the delay does not exceed 24 hours; or b) not paying for the delay; or c) If the delay exceeds 24 hours, may cancel the contract and recover the payments made. To collect from OKEANOS the expenses incurred for accommodation and also for finding a new yacht during the delay period.

7. INSURANCE :

The equipment, ship and crew are insured by OKEANOS against fire, collision and other marine accidents without imposing any liability on the RENTER for any accident or loss. If for any reason, OKEANOS has not carried out the insurance transactions, all responsibility belongs to OKEANOS.

8. ACCIDENT / STATE OF OUT OF SERVICE / TOTAL DESTRUCTION :

In the event that the yacht undergoes a mechanical breakdown after the delivery so that the RENTER cannot use it or becomes unusable due to fire etc., if the situation exceeds 24 hours continuously, the payment corresponding to this period is returned to the RENTER by OKEANOS, regardless of the time of the cruise. In this case, the RENTER has the authority to cancel the contract, or, if mutually agreed, the trip can be extended for the period exceeding 24 hours.

9. EXPENSES :

Wages of the crew and official port transactions (excluding private marinas and foreign ports), cruise fuel, oil and utility water of the yacht belong to OKEANOS. Passengers' meals, drinks, soft drinks; and the food and beverage needs of the crew are met by the RENTER.

10. UTILIZATION :

The yacht can only be used for touristic purposes. In case of seizure of the yacht as a result of non-compliance with laws and regulations, this contract will be cancelled immediately, without prejudice to the rights acquired by the RENTER. Goods and substances that are prohibited to be transported and used according to Turkish laws are not allowed on the yacht. It is the responsibility of OKEANOS to ensure that all legal documents of the yacht are complete and valid, that the legally required yacht personnel are employed and that the yacht is in operational condition during the rental period. Within the aforementioned periods, OKEANOS agrees to ensure that its personnel are cleanly dressed, the vessel is well-maintained, and the restrooms and cabins are cleaned every day.

Air conditioning is used for 4 hours every day on our air-conditioned vessels. The air conditioner cannot be used after 00:00 due to noise pollution in the bays, and the generator cannot be powered in compliance with current coast guard regulations.

11. CANCELLATION:

If the RENTER wishes to cancel the tour, the deposit amount paid will not be refunded. In this case, OKEANOS can rent the boat to other people. For cancellations of more than 14 days to the tour, the entire cost of the tour is collected from the RENTER.

12. NUMBER OF PASSENGERS:

The RENTER will embark on the vessel with a total of ……….. passengers including ………………… adults. Passengers more than the maximum capacity of the vessel cannot be accepted.

13. NAVIGATION ITINERARY :

……………………………………………………………………………………..

14. RETURN OF THE VESSEL :

The RENTER will return the yacht to OKEANOS with all its equipment, at the latest on ……………, at 09:30, in Fethiye Harbor without any debt or obligation. In case of delay, OKEANOS is entitled to an additional fee for each day of delay. If the RENTER delivers the yacht before the date indicated in the contract, except for the reasons stated in Article 16 of this contract, they cannot request a refund of the rental fee for the period that they have not used the yacht.

15. AUTHORITIES OF OKEANOS REGARDING THE CREW :

In accordance with the RENTER's demands, OKEANOS delivers the relevant instructions to the ship's captain. Unless the captain determines that a situation exists that exposes the yacht, guests, or crew in danger or prevents the RENTER from returning on the agreed-upon date, he will follow the RENTER's instructions.

16. FORCE MAJEURE :

In the event of legal force majeure (such as fire, natural disasters, war, insurrection, or other similar events), the period until the force majeure and its consequences are eradicated will be added to the periods set forth in the contract's conditions. The contract will automatically terminate if this period exceeds the rental fee. In this case, OKEANOS has no responsibility.

Travel bans issued by the government through official channels are likewise considered force majeure. In this case, the RENTER has the option of selecting one of the following options:

a) Conducting the trip at a later date to be agreed upon, as long as the yacht and its pricing stay the same,

b) Cancel the contract and demand a refund of the money.

17. DISPUTE :

If the suggestions of an arbitrator determined together with the problems arising from this contract do not yield results, they are resolved in MUĞLA Courts.

18. This contract hereby is valid after the prepayment is made.

The above-mentioned parties and their several heirs, those responsible for executing their wills, their managers and proxies determined by civil law, declare that they will fully comply with this contract.

LEASOR                                                                                                       RENTER