Cancellation conditions: Personalized
In the event of cancellation of the charter by the Charterer, for any reason, except as mentioned in Clause 3 (c) (III), after signing this Agreement, cancellation more than 90 days before embarkation, cancellation fee 30% is retained. Cancellation between 90 to 31 days before embarkation first payment 50% is retained. Cancellation less than 30 days before embarkation full payment 100% is retained. In the event that the Charterer should elect to terminate the charter and deliver the Yacht prior to the date designated in this Agreement, the Owner shall not be liable to the return of any proportional part of the hire money.