Cancellation conditions: Personalized
If the charterer for any reason gives up the charter, he/she can, if previously agreed, with the owner, cede his/her rights and duties to another person. If he/she fails, the costs of cancellation shall be reimbursed from advance-money and that:
• 50% of the charter price for cancellation up to 1 month before commencement of the charter.
• 100% of the charter price for cancellation within the last month before commencement of the charter.