Lagoon 380 - 2003

Cancellation policy: In the event of cancellation of the charter by the Charterer, for any reason, except as mentioned in Clause 2c (Clause 2c: If the delay of delivery exceeds one fourth (1/4) of the total charter time, the Charterer is entitled to cancel this Agreement and be refunded by the Owner with the total amount paid for this charter), after signing this Agreement, the following cancellation policy will apply depending on the time-interval between the booking confirmation and the cancellation date: a. Cancellation fee of 50% of the total charter fee, for bookings cancelled within a period of 60-30 days prior to boat embarkation. b. Cancellation fee of 100% of the total fee, for bookings cancelled in a period less than 30 days prior to boat embarkation. In case that the yacht under cancellation is re-chartered to another Charterer for the same period and under the same conditions only the dossier expenses will be charged. 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