Red Carpet Vismara V71 Race-Cruising Sailing Yacht for charter in the Med

CANCELLATION BY CHARTERER  In the event that the CHARTERER gives notice of cancellation of this Agreement on or at any time before the commencement of the Charter Period the CHARTERER shall remain liable for all unpaid payments due to the OWNER prior to the date of cancellation. Should notice of cancellation be given by the CHARTERER or should the CHARTERER fail after having been given the notice to pay any amount due under this Agreement, the OWNER shall be entitled to treat this Agreement as having been terminated by the CHARTERER and to retain the full amount of all payments. Notwithstanding the OWNER’s right to receive or retain all payments referred to above, the OWNER shall be under a duty to mitigate his loss and in the event that the OWNER is able to re-chart the Yacht for all or part of the Charter Period under this Agreement, the OWNER will give credit for the net amount of charter hire arising from the re-letting after deduction of all commissions and other consequential expenses arising from such re-letting. The intention is that the OWNER shall receive the same in net proceeds from any re-letting as would have been received under this Agreement. The OWNER shall use his best endeavors to re-chart the Yacht and shall not unreasonably withhold his agreement to re-let, although charters which may reasonably be considered detrimental to the Yacht, its reputation, its crew, or its schedule may be refused. If prior to the date of cancellation the Yacht has taken on provisions for the Charter, or the Delivery/ Surrender & Redelivery Fee has been utilized the CHARTERER shall pay for these expenses unless all or part can either be refunded by the supplier or transferred to the next charter, in which case they shall be adjusted accordingly.