Common use of EFFECTIVENESS AND DURATION Clause in Contracts

EFFECTIVENESS AND DURATION. This Agreement shall be come effective as to any trade upon the later of (i) the date of the execution of this Agreement by all initial parties hereto and (ii) the date of completion of all legal requirements of each country having jurisdiction over the trade. The Agreement shall continue in effect until terminated by unanimous vote or consent of all carrier members. As modified by the carrier members as of November 2, 2016. Austral Asia Line Pte. Ltd. ▇, ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ # ▇▇-▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇ ▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ Asia Break Bulk (Singapore) Pte. Ltd. ▇ ▇▇▇▇▇▇▇ ▇▇. # 12-02 048693 SINGAPORE BBC Chartering ▇▇▇▇▇▇▇▇ ▇▇▇▇ & ▇▇. ▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇ ▇▇ D-2678 Leer, GERMANY BBC Chartering & Logistic GmbH & Co. KG1 ▇▇▇▇▇▇▇▇▇▇▇▇ ▇▇ D-2678 Leer, GERMANY Chipolbrok (Chinese-Polish Joint Stock Shipping Company) ▇▇ ▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇ Shanghai, CHINA

EFFECTIVENESS AND DURATION. This Agreement shall be come effective as to any trade upon the later of (i) the date of the execution of this Agreement by all initial parties hereto and (ii) the date of completion of all legal requirements of each country having jurisdiction over the trade. The Agreement shall continue in effect until terminated by unanimous vote or consent of all carrier members. As modified by the carrier members as of September 1, 2017. November 2, 2016. 11TH 10TH REVISED PAGE B7 Austral Asia Line Pte. Ltd. ▇, ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ # ▇▇20-▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇ ▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ 01 Suntec Tower 2 Singapore 038989 Asia Break Bulk (Singapore) Pte. Ltd. ▇ ▇▇▇▇▇▇▇ ▇▇. # 12-02 048693 SINGAPORE BBC Chartering ▇▇▇▇▇▇▇▇ ▇▇▇▇ Carriers GmbH & ▇▇. Co. ▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇ ▇▇ D-2678 Leer, GERMANY BBC Chartering & Logistic GmbH & Co. KG1 ▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇ ▇▇ D-2678 Leer, GERMANY Chipolbrok (Chinese-Polish Joint Stock Shipping Company) ▇▇ ▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇ Post Code 200002 Shanghai, CHINA