Bavaria Cruiser 46 - 2007

Notice of cancellation given by the renter on or at any time before commencement of the rental, or failure from the charterer after having been given notice to pay any remaining amount, the owner shall be entitled to retain the full amount of all payments made by the renter prior to cancellation.
Without prejudice to the owner’s remedies, if the owner is able to re-let the yacht to another renter for all or part of the Period and under the same conditions or reduced price then the owner or the broker on his behalf shall refund to the renter such net balance as is due to the renter after re-letting which is to be calculated upon the following basis:
The original Fee, net of commissions, shall be deducted from the net hire for the Period due to the owner from the re-letting. To be added, all reasonable additional expenses, including commissions, incurred by the owner on re-letting. The figure as calculated will be deducted from the money actually received from the charterer, and any remaining credit balance due to the charterer will be repaid. The intention is that the owner shall not receive less in net proceeds from any re-letting than would have been received if the original Agreement has been fulfilled. The owner shall use his best endeavors to re-let 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.