1.

Place and Date of Contract

BIMCO STANDARD CONTRACT FOR THE SALE OF

VESSELS FOR DEMOLITION AND RECYCLING
CODE NAME: DEMOLISHCON
PART I

2. Sellers/Place of business (state full style and address)

3. Buyers/Place of business (state full style and address)

4. Managers of the Vessel (state full style and address)

5. Registered Owners P&I Club

6. Name of Vessel (state also previous names, if any)

7. Type of Vessel

Copyright, published by
BIMCO, Copenhagen. Issued November 2004. (First issued November 2001)

9. Flag

8. Year and place built

10. Place of registry

11. IMO number

12. Class

13. Hull construction

14. GT/NT (as per registry certificate)

15. Loa/Lbp (as per registry certificate)

16. Breadth moulded (as per registry certificate)

17. Depth moulded (as per registry certificate)

18. Deadweight max. SSW (state metric or long tons)

19. Approximate arrival draft fore/aft (Cl. 8.1)

20. Light Displacement Tonnage in long tons (Cl. 12)

21. Permanent ballast, if any

22. Removals (state removals including hired items, if any)(Cl. 11)

23. Generators (number, make, model, power, voltage, frequency)

24. Main engine (make, model, power)

25. Working propeller(s) (number and material)

26. Spare propeller (number and material)

27. Spare tail shaft

28. Spare anchor/chain

For Dry Cargo Vessels:

29. Reefer space (type of insulation)

For Tankers:
30. Heating coils (place and material)

31. Cargo gear

32. Deck/Steam/Cargo lines (material)

33. Hold/Hatches

34. Cargo tanks coating (condition)

35. Ballast tanks coating (condition)

Printed and sold by Fr. G. Knudtzons Bogtrykkeri A/S,

Vallensbaekvej 61, DK-2625 Vallensbaek, Fax: +45 4366 0304

continued

(continued)

DEMOLISHCON BIMCO STANDARD CONTRACT FOR THE SALE OF VESSELS FOR DEMOLITION AND RECYCLING

PART I

36. Trading history and last five cargoes

37. Purchase Price in figures and letters (state both lump sum price and the equivalent price per long ton light displacement)(Cl. 2)
(a) Lump sum price

38. Deposit (Cl. 3)

(a) State percentage of purchase price

(b)

(b) Equivalent price per long ton light displacement

39. Sellers bank (state name and place and bank account details to
which the balance of the purchase price shall be paid)(Cl. 4)

State name and place of bank to which the deposit shall be

paid

40. Financial Documentation (Cl. 5)

41. Place of delivery (Cl. 8.1)

(a) State place of closing

(b) State by whom bill of sale shall be legalised or apostilled

(c) State number of commercial invoice(s)

44. Buyers watchmen (Cl. 15)

42. Time of delivery (Cl. 9.1)

43. Cancelling date (Cl. 9.1)

45. Dispute Resolution (state 21.1, 21.2 or 21.3; if 21.3 agreed place
of arbitration must be stated)(Cl. 21)

46. Notices (state postal and cable address, e-mail and telefax number 47. Notices (state postal and cable address, e-mail and telefax number
for serving notice and communication to the Sellers)(Cl. 22.2)
for serving notice and communication to the Buyers)(Cl. 22.2)

48. Numbers of additional clauses covering special provisions, if agreed

The Sellers shall not be held responsible for any errors, omissions and/or overall condition of the Vessel upon arrival at the place of
delivery except for the items specified in this PART I
It is mutually agreed between the party named in Box 2 (hereinafter referred to as the Sellers) and the party named in Box 3 (hereinafter referred
to as the Buyers) that on the date of this Contract the Sellers have sold and the Buyers have bought the Vessel described in PART I hereof
(hereinafter referred to as the Vessel) on the terms and conditions contained in this Contract consisting of PART I including additional clauses, if
any agreed and stated in Box 48, and PART II. In the event of a conflict of conditions, the provisions of PART I shall prevail over those of PART II to
the extent of such conflict but no further.
Signature (Sellers)

Signature (Buyers)

PART II
DEMOLISHCON Standard Contract for the Sale of Vessels for Demolition and Recycling
Preamble
The party stated in Box 2 (hereinafter the Sellers) has
agreed to sell and the party stated in Box 3 (hereinafter the
Buyers) has agreed to buy the Vessel stated in Box 6 on
the following terms and conditions which, in particular,
include an undertaking to comply with the IMO Resolution
A.962(23) IMO Guidelines on Ship Recycling (hereinafter the
IMO Guidelines) in accordance with Clause 17 (Safety and
Environment).

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2
3
4
5
6
7
8
9

Definition
Banking Days are days on which banks are open both in
the country of the currency stipulated for the purchase price
in Clause 2 and at the place of closing.

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11
12
13

1.

Outright Sale
The Vessel has been accepted by the Buyers without
inspection and the sale is outright and definite subject
only to the terms and conditions of this Contract.

14
15
16
17

2.

Purchase Price
The purchase price is the sum stated in Box 37(a)
payable in United States Dollars based upon a price
per long ton Light Displacement Tonnage (LDT) (see
Clause 12) as stated in Box 37(b) calculated on the
basis of the Vessels LDT as stated in Box 20.

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19
20
21
22
23

3.

Deposit
3.1 As a security for the due fulfilment of this Contract,
the Buyers shall pay a deposit as stated in Box 38 to
be placed with the bank stated in Box 38 in the joint
names of the Sellers and the Buyers.
3.2 Such deposit shall be made latest within 3 banking
days after the date of signing this Contract.
3.3 Interest, if any, on such deposit shall be credited
to the Buyers.
3.4 Any fees or charges for establishing and holding
such deposit shall be borne equally by the Sellers and
the Buyers.

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25 6.
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27
28
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30
31
32 7.
33
34
35

4.

Payment
The Buyers shall release the deposit stated in Box 38
to the Sellers and shall pay the balance of the said
purchase price in full to the Sellers bank stated in Box
39 on delivery latest within 3 banking days from the
time the Sellers have tendered notice of readiness for
delivery in accordance with the terms and conditions
of this Contract.

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37
38
39
40
41
42
43

5.

Financial Documentation
5.1 In exchange for the payment of the purchase price
the Sellers shall furnish the Buyers with the following
documents at the place of closing stated in Box 40(a),
which shall be in English or with a certified English
translation if in a language other than English:
(i) a legal bill of sale transferring title of the Vessel
and stating that the said Vessel is free from all
encumbrances and maritime liens or any other debts
whatsoever, notarially attested, legalised or apostilled
as appropriate by the Consul or other competent
authority stated in Box 40(b);
(ii) the number of commercial invoices mentioned in
Box 40(c) signed by the Sellers, stating the purchase
price of the Vessel and her particulars as mentioned
in Boxes 6-36 as applicable;
(iii) a certificate or transcript of registry evidencing the
ownership of the Vessel and that the Vessel is free
from registered encumbrances, taxes and mortgages.

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46
47
48
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50
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61
62

Such certificate or transcript of registry shall be dated

not earlier than 5 days prior to the date of the Sellers
tendering notice of readiness for delivery;
(iv) a written undertaking from the Sellers to apply for
and supply to the Buyers a certificate of deletion or
closed transcript of registry latest 4 weeks after delivery
of the Vessel;
(v) a written undertaking by the Sellers to instruct the
Master or their agents to promptly release and deliver
the Vessel to the Buyers;
(vi) a certified copy of the minutes of the Board of
Directors and/or shareholders resolution, as appropriate, according to which they decide the sale of the
Vessel and a copy of the power of attorney authorizing
the signature of the bill of sale;
(vii) a certificate according to which the Sellers
guarantee that at the time of delivery the Vessel is free
from all encumbrances and maritime liens or any other
debts whatsoever.
5.2 At the time of delivery the Buyers and the Sellers
shall sign a protocol of delivery and acceptance
confirming the date and time of delivery of the Vessel.
The Sellers shall make available to the Buyers copies
of the documents listed in sub-clauses 5.1 (i) to (vii)
as soon as possible after the signing of this Contract,
but no later than 3 days prior to the date of the Sellers
tendering notice of readiness for delivery.

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89

Advance Notice of Arrival

The Sellers shall keep the Buyers fully informed about
the Vessels position and of any alteration in expected
time of arrival and shall give to the Buyers 15, 10, 7,
and 3 days notice of the expected time of arrival of the
Vessel.

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95

Notice of Readiness for Delivery

When the Vessel is ready for delivery, the Sellers shall
give to the Buyers a written notice of readiness for
delivery. The notice of readiness shall be tendered
during normal office hours at the Place of Delivery and,
unless otherwise specifically provided elsewhere in
this Contract, be accompanied by the following
documents to the extent necessary:
7.1 a certificate issued by a local marine surveyor
confirming the LDT of the Vessel as stated in Box 20
as per the builders original trim and stability booklet
or the builders capacity plan on board the Vessel,
which has been sighted;
7.2 a letter from the Sellers local agents at the Place
of Delivery stating that there are no pending dues
against the Vessel at the time of delivery;
7.3 a letter signed and stamped by the Master stating
that neither he nor the crew have any outstanding
claims against the Vessel;
7.4 an inventory, in the form as recommended by the
IMO Guidelines as applicable;
7.5 a portworthy certificate issued by a local marine
surveyor confirming the material of the working
propeller(s) as stated in Box 25;
7.6 a valid gasfree certificate for hotwork. Such
certificate shall be issued by the relevant authorities
on arrival at the Place of Delivery and shall specify that
all the Vessels cargo tanks, pump rooms and
cofferdams are gasfree, safe for men, safe for fire and
are free of slops, sludge and residues;
7.7 a letter from the Sellers stating that the Vessel
has not carried any nuclear waste or industrial waste
or chemicals prior to the time of notice of readiness being

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PART II
DEMOLISHCON Standard Contract for the Sale of Vessels for Demolition and Recycling
and propose a new date for the Cancelling Date. Upon
receipt of such notification the Buyers shall have the
option either to cancel the Contract according to
Clause 20 within 2 working days of receipt of such
notice or of accepting the new date as the Cancelling
Date. If the Buyers have not declared their option within
2 working days of receipt of the Sellers notification or,
if the Buyers accept the new date, the date proposed
by the Sellers shall be deemed the Cancelling Date.
(ii) If this Contract is maintained with the new Cancelling
Date, all other terms and conditions hereof shall
remain in full force and effect. Cancellation or noncancellation by the Buyers in accordance with the
provisions of sub-clause 9.2 (i) shall be without
prejudice to any claim for loss and/or damages the
Buyers may have against the Sellers under this
Contract.

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tendered;
7.8 a letter from the Master confirming that there have
been no removals from the Vessel other than those
stated in Box 22;
7.9 a letter of undertaking from the Sellers agents
that they will arrange for the filing of the inward general
manifest;
7.10 a valid deratisation exemption certificate issued
by the relevant authorities.
7.1 7.10. Delete as appropriate.

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135
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137
138

8.

Delivery
8.1 The Vessel shall be delivered by the Sellers to
the Buyers under her own power, safely afloat,
substantially intact, free of any fire and/or explosion
damage, free of cargo, free from all charters, with
anchors in place and, where applicable, with hatches
closed and derricks lowered and gasfree for hotwork
(see sub-clause 7.6), as appropriate, with the
approximate arrival draft stated in Box 19 at the place
stated in Box 41 (hereinafter the Place of Delivery).
8.2 If, on the Vessels arrival, the Place of Delivery is
inaccessible for any reason whatsoever including but
not limited to port congestion, the Vessel shall be
delivered and taken over by the Buyers as near thereto
as she may safely get at a safe and accessible berth
or at a safe anchorage which shall be designated by
the Buyers, always provided that such berth or
anchorage shall be subject to the approval of the
Sellers and the Master which shall not be unreasonably
withheld. If the Buyers fail to nominate such place
within 24 hours of arrival, the place at which it is
customary for vessels to wait shall constitute the Place
of Delivery.
8.3 The delivery of the Vessel according to the
provisions of sub-clause 8.2 shall constitute a full
performance of the Sellers obligations according to
sub-clause 8.1 and all other terms and conditions of
this Contract shall apply as if delivery had taken place
according to sub-clause 8.1.
8.4 All expenses incurred prior to delivery of the Vessel
and all local fees/port disbursements relating to the
Vessel, including repatriation of the crew shall be for
the Sellers account while all expenses after delivery
of the Vessel, including import duties and other local
taxes, if any, shall be for the Buyers account.
8.5 The Vessel with everything belonging to her shall
be at the Sellers risk and expense until she is
delivered to the Buyers.
8.6 The Sellers shall deliver the Vessel to the Buyers
with the minimum amount of ballast water on board
without prejudicing the safety of the Vessel.
8.7 The Vessel shall be delivered without any
stowaways, contraband or arms and ammunition on
board, otherwise the Buyers shall have the option not
to accept the Vessel, without prejudice to any claim for
loss and/or damages the Buyers may have against
the Sellers under this Contract.

9.

Time of Delivery/Cancelling Date

9.1 The Vessel shall be ready for delivery between the
dates (both inclusive) stated in Box 42 but latest on the
date stated in Box 43 (hereinafter the Cancelling Date).
9.2 (i) Should the Sellers anticipate that notwithstanding the exercise of due diligence, the Vessel will
not be ready for delivery by the Cancelling Date they
may notify the Buyers in writing stating the date when
they anticipate that the Vessel will be ready for delivery

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212
146 10. Beaching
Following payment and delivery of the Vessel the Sellers 213
147
shall assist the Buyers in the beaching of the Vessel 214
148
at the Buyers designated demolition plot. The Vessel 215
149
shall be delivered with sufficient useable/pumpable 216
150
fuel, water and provisions for one days steaming and 217
151
nine days idling. The Sellers shall arrange for crew 218
152
according to the safe manning certificate to remain 219
153
with the Vessel for a period of up to 10 days after delivery 220
154
in order to assist with the aforesaid beaching.
221
155
The beaching of the Vessel, which shall include the 222
156
moving of the Vessel from the outer anchorage to the 223
157
beaching plot, shall be for the Buyers risk and expense. 224
158
However, the Master shall co-operate with the Buyers 225
159
in achieving the best possible draft and trim for 226
160
beaching.
227
161
The Buyers shall use their best endeavours to assist 228
162
in the safe disembarkation of the crew after beaching. 229
163
The Sellers shall pay the wages and arrange P&I 230
164
insurance cover on their crew involved in the beaching 231
165
operation.
166
232
167
168 11. Bunkers, Equipment etc.
233
11.1 The Vessel shall be delivered with everything 234
169
belonging to her on board without removals other than 235
170
those stated in Box 22. However, the Sellers shall have 236
171
the right to take ashore without compensation the 237
172
following items: crockery, cutlery, linen and other 238
173
articles bearing the Sellers flag or name, as well as 239
174
library, forms, etc., exclusively for use in the Sellers 240
175
vessels. Masters, Officers and crews personal 241
176
belongings including slop chest and the Vessels log 242
177
book shall be excluded from the sale.
178
243
11.2 Unless otherwise agreed, any remaining bunkers, 244
179
lubricating oils, stores, equipment and spares used 245
180
or unused on board at the time of delivery shall become 246
181
the Buyers property without extra payment.
182
247
11.3 The Sellers shall, at the time of delivery, hand to 248
183
the Buyers all plans, specifications and certificates, or 249
184
copies hereof, as available and whether valid or invalid. 250
185
11.4 The Sellers are not required to replace such 251
material, spare parts or stores including spare 252
186
propeller(s), if any, which may be consumed or taken 253
187
out of spare and used as replacement prior to delivery, 254
188
but all replaced spares shall be retained on board 255
189
and shall become the property of the Buyers.
190
256
191
192 12. Light Displacement Tonnage (LDT)
257
The purchase price of the Vessel shall be based on 258
193
the Vessels LDT in long tons as stated in Box 20 259
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PART II
DEMOLISHCON Standard Contract for the Sale of Vessels for Demolition and Recycling
excluding any permanent ballast. The Vessels LDT shall
be verified by the builders original trim and stability
booklet stamped and approved by Class which shall be
on board the Vessel and made available to the Buyers
representatives at the time of tendering the Vessels
notice of readiness in accordance with Clause 7. The
Sellers shall also make available to the Buyers an
original or copy of the builders capacity plan with a
deadweight scale and/or builders letter.
The Sellers shall make copies of the above documents
available to the Buyers as soon as possible after the
signing of this Contract.
13. Encumbrances and Maritime Liens, etc.
The Sellers warrant that the Vessel, at the time of
delivery, is free from all charters, encumbrances and
maritime liens or any other debts whatsoever. Should
any claims, which have been incurred prior to the time
of delivery, be made against the Vessel, the Sellers
hereby undertake to indemnify the Buyers against all
consequences of such claims.
14. Taxes, Dues and Charges, etc.
Any taxes, fees and expenses connected with the
purchase of the Vessel under the Buyers ownership
shall be for the Buyers account, and charges
connected with the closing of the Sellers register shall
be for the Sellers account.
15. Buyers Watchmen
The Sellers agree to allow the Buyers to place the
number of watchmen stated in Box 44 on board the
Vessel on her arrival at the Place of Delivery.
Whilst on board the Vessel, such watchmen shall be
at the sole risk, liability and expense of the Buyers and
the Buyers shall indemnify the Sellers against any
claim for loss and/or damages in this respect. The
Buyers watchmen must not interfere with the operation
of the Vessel and they shall sign the Sellers letter of
indemnity prior to their embarkation.
16. Purpose of Sale
The Vessel is sold for the purpose of demolition and
recycling only and the Buyers undertake that they will
neither trade the Vessel for their own account nor sell
the Vessel to a third party for any purpose other than
demolition and recycling. The Buyers shall procure
that this obligation is made a term of any and every
subsequent agreement for the resale of the Vessel.
17. Safety and Environment
Both the Sellers and the Buyers are familiar with the
IMO Guidelines and the Sellers shall use their best
endeavours to give information to the Buyers in respect
of the recommendations of the IMO Guidelines and the
Buyers likewise shall use their best endeavours to
comply with such recommendations.
The Buyers shall ensure that after delivery the Sellers
representatives are allowed to visit the ship recycling
facility to ascertain that safe and environmentally sound
practices are being conducted in respect of the
recycling of the Vessel.
18. Exemptions
Neither the Sellers nor the Buyers shall be under any
liability if the Vessel should become an actual,
constructive or compromised total loss before delivery,
or if delivery of the Vessel by the Cancelling Date should

otherwise be prevented or delayed due to outbreak of

260
war, restraint of Government, Princes, Rulers or People
261
of any Nation or the United Nations, Act of God, or any
262
other cause whatsoever beyond the Buyers or the
263
Sellers control.
264
265
266 19. Buyers Default
Should the deposit not be paid in accordance with the
267
provisions of Clause 3, the Sellers shall have the right
268
to cancel this Contract, and they shall be entitled to
269
claim compensation for their losses and for all
270
expenses incurred together with interest at LIBOR plus
271
3% per annum.
Should the purchase price not be paid in the manner
272
provided for in this Contract the Sellers shall have the
273
right to cancel the Contract, in which case the amount
274
deposited together with interest earned, if any, shall
275
be forfeited to the Sellers. If the deposit does not cover
276
the Sellers losses, they shall be entitled to claim
277
further compensation for their losses and for all
278
expenses together with interest at LIBOR plus 3% per
279
annum.
280
281 20. Sellers Default
Should the Sellers fail to give notice of readiness in
282
accordance with Clause 7 or fail to execute a legal
283
transfer or to deliver the Vessel with everything
284
belonging to her by the Cancelling Date, the Buyers
285
shall have the right to cancel the Contract, in which
case the deposit in full shall be returned to the Buyers
286
together with interest at LIBOR plus 3% per annum.
287
Whether or not the Buyers cancel this Contract the
288
Sellers shall make due compensation to the Buyers
289
for any loss and for all expenses incurred together
290
with interest by their failure to give notice of readiness,
291
to execute a legal transfer or to deliver the Vessel with
292
everything belonging to her by the Cancelling Date, if
293
such failure is due to the proven negligence of the
294
Sellers.
295
296
21. Dispute Resolution Clause
21.1* This Contract shall be governed by and construed
297
in accordance with English law and any dispute arising
298
out of or in connection with this Contract shall be
299
referred to arbitration in London in accordance with
300
the Arbitration Act 1996 or any statutory modification or
301
re-enactment thereof save to the extent necessary to
302
give effect to the provisions of this Clause.
303
The arbitration shall be conducted in accordance with
304
the London Maritime Arbitrators Association (LMAA)
Terms current at the time when the arbitration
305
proceedings are commenced.
306
The reference shall be to three arbitrators. A party
307
wishing to refer a dispute to arbitration shall appoint
308
its arbitrator and send notice of such appointment in
309
writing to the other party requiring the other party to
310
appoint its own arbitrator within 14 calendar days of
311
that notice and stating that it will appoint its arbitrator
312
as sole arbitrator unless the other party appoints its
313
own arbitrator and gives notice that it has done so
314
within the 14 days specified. If the other party does not
315
appoint its own arbitrator and give notice that it has
316
done so within the 14 days specified, the party referring
a dispute to arbitration may, without the requirement of
317
any further prior notice to the other party, appoint its
318
arbitrator as sole arbitrator and shall advise the other
319
party accordingly. The award of a sole arbitrator shall
320
be binding on both parties as if he had been appointed
321

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PART II
DEMOLISHCON Standard Contract for the Sale of Vessels for Demolition and Recycling
by agreement.
Nothing herein shall prevent the parties agreeing in
writing to vary these provisions to provide for the
appointment of a sole arbitrator.
In cases where neither the claim nor any counterclaim
exceeds the sum of US$50,000 (or such other sum as
the parties may agree) the arbitration shall be
conducted in accordance with the LMAA Small Claims
Procedure current at the time when the arbitration
proceedings are commenced.
21.2* This Contract shall be governed by and construed
in accordance with Title 9 of the United States Code
and the Maritime Law of the United States and any
dispute arising out of or in connection with this Contract
shall be referred to three persons at New York, one to
be appointed by each of the parties hereto, and the
third by the two so chosen; their decision or that of any
two of them shall be final, and for the purposes of
enforcing any award, judgement may be entered on
an award by any court of competent jurisdiction. The
proceedings shall be conducted in accordance with
the rules of the Society of Maritime Arbitrators, Inc.
In cases where neither the claim nor any counterclaim
exceeds the sum of US$50,000 (or such other sum as
the parties may agree) the arbitration shall be
conducted in accordance with the Shortened Arbitration
Procedure of the Society of Maritime Arbitrators, Inc.
current at the time when the arbitration proceedings
are commenced.
21.3* This Contract shall be governed by and construed
in accordance with the laws of the place mutually
agreed by the parties and any dispute arising out of or
in connection with this Contract shall be referred to
arbitration at a mutually agreed place, subject to the
procedures applicable there.
21.4 Notwithstanding 21.1, 21.2 or 21.3 above, the
parties may agree at any time to refer to mediation any
difference and/or dispute arising out of or in connection
with this Contract.
In the case of a dispute in respect of which arbitration
has been commenced under 21.1, 21.2 or 21.3 above,
the following shall apply:(i) Either party may at any time and from time to time
elect to refer the dispute or part of the dispute to
mediation by service on the other party of a written
notice (the Mediation Notice) calling on the other party
to agree to mediation.
(ii) The other party shall thereupon within 14 calendar
days of receipt of the Mediation Notice confirm that they

agree to mediation, in which case the parties shall

387
thereafter agree a mediator within a further 14 calendar
388
days, failing which on the application of either party a
389
mediator will be appointed promptly by the Arbitration
390
Tribunal (the Tribunal) or such person as the Tribunal
391
may designate for that purpose. The mediation shall
392
be conducted in such place and in accordance with
393
such procedure and on such terms as the parties may
394
agree or, in the event of disagreement, as may be set
395
by the mediator.
396
(iii) If the other party does not agree to mediate, that
397
fact may be brought to the attention of the Tribunal and
398
may be taken into account by the Tribunal when
399
allocating the costs of the arbitration as between the
400
parties.
401
(iv) The mediation shall not affect the right of either
402
party to seek such relief or take such steps as it
403
considers necessary to protect its interest.
404
(v) Either party may advise the Tribunal that they have
405
agreed to mediation. The arbitration procedure shall
406
continue during the conduct of the mediation but the
407
Tribunal may take the mediation timetable into account
408
when setting the timetable for steps in the arbitration.
409
(vi) Unless otherwise agreed or specified in the
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mediation terms, each party shall bear its own costs
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incurred in the mediation and the parties shall share
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equally the mediators costs and expenses.
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(vii) The mediation process shall be without prejudice
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and confidential and no information or documents
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disclosed during it shall be revealed to the Tribunal
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except to the extent that they are disclosable under the
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law and procedure governing the arbitration.
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(Note: The parties should be aware that the mediation
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process may not necessarily interrupt time limits.)
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21.5 If Box 45 in PART I is not appropriately filled in,
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sub-clause 21.1 of this Clause shall apply. Sub-clause
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21.4 shall apply in all cases.
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*21.1, 21.2 and 21.3 are alternatives; indicate
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alternative agreed in Box 45.
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427 22. Notices
22.1 Any notice to be given by either party to the other
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party shall be in writing and may be sent by fax, e-mail,
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registered or recorded mail or by personal service.
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22.2 The address of the Parties for service of such
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communication shall be as stated in Boxes 46 and 47
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respectively.
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