Vetting Inspection Clause
28 September 2011
a) Owners warrant that at the time of delivery:
(i) the Vessel will have a SIRE report available through the OCIMF system which has been issued within the last 6 months.
(ii) the Vessel is not unacceptable to [insert companies]
(b) If, during the currency of the charter, the Vessel is found to be unacceptable following a vetting inspection performed under the SIRE system, Owners will take corrective action and will promptly report such actions to the inspecting company concerned and the Charterers will be informed. If required Owners will have the Vessel inspected again as soon as reasonably practicable. Owners, however, shall not have any obligation to make any changes to the Vessel’s design.
(c) If the Vessel is found to be unacceptable following a vetting inspection performed under the SIRE system by any of the abovementioned companies, that shall not of itself entitle the Charterers to put the Vessel off-hire or to claim damages. However, should the Vessel be found unacceptable on 3 consecutive vetting inspections by any of the abovementioned companies, the Charterers shall have the option to cancel the charter with immediate effect within 7 days of the result of the third inspection becoming known. If, at that time, the Vessel is committed for a voyage such cancellation will take effect from the completion of discharge.
