Terms of service

CHARTERING CONDITIONS

1. PAYMENT

The Client is obliged to make the down payment amounting 50% of the total amount within 7 days uponsigning the charter agreement. The remaining amount of 50% he is obliged to pay 4 weeks before agreed charter. The charter price is inclusive of vessel use and insurance. The payment is being done in kunas on local currency account or in EUR through foreign currency account. The bank details will be given to the Client on time.

2. OWNERS COMMITMENTS

The Owner hands over the vessel to the Client with full fuel and water tanks, in good working conditions, clean, and is obliged to do the check in together with the client according to the inventory list. In case the Owner is not able to hand over the vessel in agreed place and time, the Client is entitled to ask the refund for the days he’s not been able to use the vessel. In case the Owner is not able to hand over vessel within 24 hours after agreed deadline, he has to insure to the client another vessel of same or similar characteristics.

3. CLIENTS COMMITMENTS

While handing over the vessel the Client is obliged to inspect the vessel together with the person in charge on behalf of the Owner and sign the inventory list. The Client is obliged to navigate only within Croatian territorial waters, and is not allowed to lease the vessel or use it in commercial purposes, such as professional fishing, diving etc.

The client is obliged to return the vessel in agreed place and time, clean with full water and fuel tanks. In case the Client is in delay, the Owner will charge him the daily charter price for less then 3 hours delay and with 3 days charter price for any delay over 3 hours. The Client is obliged to inform the Owner about any delay caused by “force majour”; such delay will not be charged.

4. INSURANCE

Vessel insurance covers all maritime risks and is inclusive of obligatory insurance towards third persons. Any damage that happened during the charter period that wasn’t immediately reported to either TIM or Insurance Company will not be admitted according to the insurance policy regulations. In such case the Client is held responsible for all the damage caused as he didn’t inform or didn’t inform on time NAVA or Insurance Company.

5. DEPOSIT

Before the vessel hand over the Client is obliged to leave the security deposit as stipulated in charter agreement, this amount corresponds to the franchise defined by the insurance policy. The deposit can be left in cash or with credit card. In case of damage on the vessel equal to the franchise amount, the deposit the Client left will be used to cover the damage.

6. CHARTER CANCELLATION

In case the Client due to any cause is not able to take over the vessel, he can find another client who is willing to charter the vessel in the agreed period. In case the Client is not able to find the substitute client, the

Owner will charge the Client as follow:

30 % of the total amount for cancellation 2 months before the charter
50 % of the total amount for cancellation 1 month before the charter
100 % of the total amount for cancellation 15 days before the charter

7. COMPLAINTS

The complaints are being accepted only in written form upon the vessel return and only if signed by person in charge on behalf of TIM company.

8.ARBITRAGE

In case of dispute that can not be resolved in friendly manner, the competence if Dubrovnik Tribunal is being established.

Tim d.o.o. Dubrovnik