RULES AND TERMS for using IMSKIPPER platform

Version from 10.10.2022. Previous versions.

The present Agreement establishes the terms of use of the Platform.

Please read this document carefully before using the Platform.

Table of contents

1. TERMS AND DEFINITIONS

2. CONCLUSION PROCEDURE

3. SUBJECT OF THE AGREEMENT

4. REGISTRATION AND PERSONAL ACCOUNT

5. POLICY OF THE PLATFORM

6. COST AND PAYMENTS

7. TAX LIABILITIES

8. ORDERING AND CANCELLATION OF SERVICES BY THE USER. RULES OF USER BEHAVIOR

9. RULES OF PARTNER BEHAVIOR

13. PLATFORM UPDATE

14. CORRESPONDENCE OF THE PARTIES

15. AMENDMENTS TO THE AGREEMENT

16. APPLICABLE LAW AND DISPUTE RESOLUTION

17. TERM OF THE AGREEMENT

18. IMSKIPPER DETAILS

Annex to the Agreement on the use of IMSKIPPER Platform "RATES"

IMSKIPPER commission amounts paid by Users

IMSKIPPER commission amounts paid by Partners

1. TERMS AND DEFINITIONS

All terms used in the agreement in capital letters use the meaning defined in the present section. Singular or plural terms are used depending on the meaning of the text.

All other terms are used in their common meaning, taking into account the purpose of the present document and the subject of regulation.

1.1. IMSKIPPER – D.O.O. company IMORE, Montenegro, PIB 03400921, developer and owner of exclusive rights to the Service.

1.2. The Account – a user account in the Service accessed with a user name (login) and a password.

1.3. The Content - information, images, videos, audio posted (or to be posted) in the Platform.

1.4. Advertisement – information created and maintained by a Partner related to booking places on yachts, booking participation in events, etc., their price, cancellation procedure and conditions, as well as other essential provisions.

1.5. The Partner is an individual or a legal entity that uses the Platform to sell its Services.

1.6. The User – an individual or a legal entity that uses the Platform to search for and order the Services.

1.7. Partner Rating is average rating of a Partner calculated based on internal IMSKIPPER algorithm taking into account: ratings by Users of the Partner's Services, Partner's experience, the number of Services rendered, claims and other parameters determined exclusively by IMSKIPPER.

1.8. IMSKIPPER website is a site on the internet united by the address space of imskipper.net domain and its subdomains.

1.9. The Platform is a software product hosted on IMSKIPPER servers, and the access to its functional part is granted to a User or a Partner on IMSKIPPER Website or in IMSKIPPER mobile device application.

1.10. The Agreement – the text of the present agreement with all annexes and other documents referenced.

1.11. The Service – a service in accordance with an Advertisement that is available for sale and ordering using the Platform.

2. CONCLUSION PROCEDURE

2.1. You accept the Agreement without any additional conditions and reservations at the instant (depending on which happens first):

2.1.1. Start using the Platform or any of its parts;

2.1.2. Submitting an application for registration of a User or a Partner using any communication channel;

2.1.3. Submitting an application for provision of the Services using the Platform through other channels (for example, API or by email).

2.2. By accepting the Agreement, you confirm that:

2.2.1. you previously familiarized yourself with IMSKIPPER Privacy Policy (hereinafter referred to as the Privacy Policy), and also accept the terms of the present Policy;

2.2.2. you are older than 18 years of age;

2.2.3. if you act in the interests of another person (for example, by virtue of holding official powers from a legal entity), all your powers are duly executed and you can confirm them immediately upon request.

2.3. If a separate written agreement was concluded between you and IMSKIPPER, the terms of the Agreement are subject to application in the part that does not contradict such a separate agreement.

2.4. The text of the Agreement and the Privacy Policy are placed on IMSKIPPER Website.

3. SUBJECT OF THE AGREEMENT

3.1. IMSKIPPER grants Users and Partners the right to use the Platform, where Partners can promote and sell their Services, and Users can purchase them.

3.2. When you purchase the Service, you purchase it directly from the Partner.

3.3. When you sell the Service, you sell it directly to the User.

3.4. IMSKIPPER is not a party to the agreement between the User or the Partner.

3.5. All conditions related to the Service are specified directly by the Partner and are set out in the Advertisement. IMSKIPPER does not assume any obligations and neither guarantees relevance of the Services, their quality or compliance with the User's expectations.

3.6. Under no circumstances may such actions of IMSKIPPER be regarded as mediation, recommendation, participation in the contract, for example:

3.6.1. search and provision of certain options (for example, search of a crew) at the User's request. IMSKIPPER's actions are limited solely to providing information about the search result;

3.6.2. ensuring acceptance of User's payment for the Partners' Services using the Platform. IMSKIPPER's actions are limited to solely arrange for the payment.

4. REGISTRATION AND PERSONAL ACCOUNT

4.1. To use the Platform, the User and the Partner must create an Account.

4.2. All the actions performed using the Account are recognized as direct actions of the User or the Partner.

4.3. You undertake to:

4.3.1. use passwords resistant to hacking that include combinations of numbers, letters, special characters, as well as periodically change the password;

4.3.2.maintain up-to-date and reliable information in the Account about contact details, banking details, license data, as well as other information provided for by the functions of the Platform;

4.3.3. do not assume identity of another person, do not register multiple Accounts, do not use the Account in any way that may be defined as unfair behavior in violation of the Policy of the Platform specified in the Agreement;

4.3.4. in case of loss of powers when acting on behalf of a third party, transfer the Account directly to such a third party.

4.4. In case of registration of the Account by the Partner, IMSKIPPER is entitled to preliminary moderation, including (but not limited to) to demand licenses, perform identification, confirm ownership rights (lease, etc.) to water crafts, trademarks and other individualization means, to bank accounts. Partner's Account registration may be refused in case of non-confirmation or unreliability of the data provided.

5. POLICY OF THE PLATFORM

5.1. No one has the right to use the Platform for any purposes that directly or indirectly violate applicable legislation, generally accepted standards of morality and norms of behavior, the Agreement, as well as contributing to such violations.

5.2. The Platform cannot be used in ways or for purposes:

5.2.1. violating the intellectual rights of other individuals;

5.2.2. of pornographic nature;

5.2.3. aimed at inciting racial, religious and other hatred, enmity, exploitation of children;

5.2.4. discrediting honor, dignity or business reputation of a citizen or business reputation of a legal entity, of insulting, obscene or false nature, as well as violating the norms of public morality;

5.2.5. aimed at committing illegal deeds, fraud, unjustified profit-taking;

5.2.6. distributing personal data, confidential information;

5.2.7. bearing signs of unfairness and abuse of own rights.

5.3. IMSKIPPER, at its sole discretion, qualifies the actions of Users and Partners as violating the Policy of the Platform and has the right to apply influence measures provided for in cases of violation of the Agreement.

6. COST AND PAYMENTS

6.1. The use of the Platform for the purposes of viewing and searching for Ads is free of charge.

6.2. User Payments

6.2.1. Certain types of searches (for example, crew search) or individual parts of the Platform or its separate functions are provided for a fee, which is payable by the User at the time of ordering, at the price specified in the Annex titled Rates.

6.2.2. The cost of the Services is indicated in the relevant Partner's Ad. By purchasing the Service, the User undertakes to pay for it under the terms specified, including payment of applicable taxes, fees and commissions.

6.2.3. In cases when Service description indicates that prepayment by the User of the Service is necessary, such prepayment must be made exclusively through the Platform and not later than 24 hours from the date of sending booking confirmation. For the purposes of payment, the Service is booked for 24 hours and if payment is not received within the period specified, booking of the Service is automatically canceled. Full prepayment within the period specified is a condition for the purchase of the Service. The final settlement is made in form and order specified by the Partner, as a rule, without involvement of the Platform. If a different payment period (shorter or longer) is specified in Service booking confirmation, the period specified in the confirmation will apply.

6.2.4. Unless otherwise specified in the Ad, all User's bank commissions are to be paid by the User, Partner’s Bank commissions are to be paid by the Partner.

6.3. Partner's Payments:

6.3.1. Partners pay IMSKIPPER a commission for each sale of the Service using the Platform. Commission amount is indicated in the annex Rates.

6.3.2. IMSKIPPER deducts the commission from the amount of the User's advance payment.

6.3.3. In absence of advance payment, the Partner undertakes to pay the commission to IMSKIPPER within three days after the User orders the Services in the Platform.

6.3.4. IMSKIPPER has the right to introduce the condition of a deposit for Partners to guaranty payment of commissions.

6.3.5. All Partner's bank commissions are to be paid by the Partner, IMSKIPPER's Bank commissions are to be paid by IMSKIPPER.

6.4. General payment provisions

6.4.1. All prices are indicated without VAT, with the latter subject to additional accrual.

6.4.2. Obvious counting errors (i.e., when the price of the Service obviously and clearly does not correspond to its content) are not binding. Booking of such a Service may be cancelled unilaterally.

6.4.3. Platform's payment currency is euro.

6.4.4. Payment is made using payment methods specified by IMSKIPPER.

7. TAX LIABILITIES

7.1. Each Partner independently bears tax liabilities arising in connection with provision of the Services. The Partner undertakes to get advice related to the need to obtain a special status (for example, the status of an entrepreneur), as well as on the procedures of fulfilling tax obligations arising from provision of the Services.

7.2. Prior to placing each Ad, the Partner undertakes to notify IMSKIPPER if IMSKIPPER has obligations of a tax agent due to the legislation of the Partner's country of registration.

7.3. IMSKIPPER has the right to refuse the use of the Platform in case of arising tax agent obligations or other additional tax obligations or (at its discretion) to set individual rates for such cases, reimbursing additional administrative expenses of IMSKIPPER.

8. ORDERING AND CANCELLATION OF SERVICES BY THE USER. RULES OF USER BEHAVIOR.

8.1. The User undertakes to provide an independent assessment of the Services' compliance with their needs, health status and other criteria of significant importance to the User.

8.2. By purchasing the Service, the User confirms that he has read with due diligence the rules of provision of the Services by the Partner or IMSKIPPER, the rules of cancellation and refund of funds, applicable rates, commissions and taxes, deposit requirements, insurance, etc.

8.3. In case of doubt, ambiguity regarding certain terms of the Service, the User undertakes to send IMSKIPPER a request for clarification of such terms.

8.4. The User is notified that the Partner's Rating is generated automatically and cannot be regarded as a recommendation or guarantee by IMSKIPPER, acceptance by IMSKIPPER of any obligations in relation to any Partner or its Services. Partner's rating is not absolutely protected from manipulations, nor takes into account all specific criteria that are relevant to the User. The choice of the Partner or the Service is solely the responsibility of the User.

8.5. Purchase of the Services is made after authorization in the Platform, for which the User places an application by filling in online forms of the Service. Application registration may require filling in additional information about the User to the extent necessary for the provision of the Services by the Partner.

8.6. If the User purchases the Services in the interests of a third party, he/she provides the Partner and IMSKIPPER with an assurance that such a third party has explicitly consented the disclosure of his/her personal data, has read and agreed with the terms of the Platform and corresponding Service, and that the individual also meets the requirements of the Partner established in relation to the Service (for example, age, physical training, etc.). In cases when such a third party is a minor, the User guarantees that he is the legal representative of such an individual, provides consent with provision of the Services to him and assumes responsibility for such a minor.

8.7. The Platform ensures that the request is sent to the Partner and that the Partner receives confirmation of the sale of the Service to the User in the amount specified in the User's request. In case of confirmation of the request by the Partner, the Platform sends booking confirmation to the User's email address. In some cases, confirmation may take up to 24 hours.

8.8. If the terms of Service provision require full or partial prepayment, the request is considered finalized only if the User pays the prepayment amount in full and in the period specified.

8.9. If the User finds an available offer of a Partner that is similar in all its parameters on the sale of the Services in other sources at a price lower than indicated by the Partner in the Platform, the User has the right to send relevant information to IMSKIPPER and purchase the Service at the minimum price found.

8.10. Liability in case of Service cancellation:

8.10.1. The User is entitled to refuse the Services ordered and confirmed by him. Cancellation terms are specified in the Ad. Unless otherwise specified in the Ad:

8.10.1.1. If the User refuses the confirmed Services more than 90 days before the date of the Services, the User has the right to refund 80% of the amount of advance payment. 20% is a fine and is non-refundable.

8.10.1.2. In case of cancellation of confirmed services from 90 to 45 days before the date of the Services, the User is entitled to 50% refund of the amount of advance payment. 50% is a fine and non-refundable.

8.10.1.3. If the User refuses confirmed services less than 45 days before the date of the Services, the User is not entitled to refund of advance payment. 100% of the advance payment is a fine and is non-refundable.

8.10.2. In individual cases, such death of close relatives, illness confirmed by doctor's conclusion, the User is entitled, at the discretion of IMSKIPPER, to full refund of advance payment made for the Services or a refund with a smaller fine than provided for in this section. Each such case is considered by IMSKIPPER individually.

8.11. Making changes to confirmed Services, unless otherwise specified in the Announcement, is considered consistently as cancellation of confirmed Services and purchase of a new Service.

8.12. The cost of the Platform's commissions and the cost of using separate paid parts or functions of the Service are not refundable, regardless of the period and reasons of cancellation.

8.13. As a general rule, the Partner does not have the right to cancel confirmed Services, however, if such cancellation is made, the User has the right to refund 100% of the amount of advance payment. If there is a similar Service and it is possible for another Partner to provide it, the Partner who canceled the Service with the support of IMSKIPPER ensures provision of such a new Service. If a similar Service costs more, the Partner who canceled the Service undertakes to reimburse corresponding price difference.

9. RULES OF PARTNER BEHAVIOR.

9.1. Partner Information Requirements:

9.1.1. The Partner undertakes to maintain up-to-date, accurate and reliable information about himself and his bank details in the Platform.

9.1.2. IMSKIPPER may, at its sole discretion, verify the information specified.

9.1.3. Neither IMSKIPPER, nor the User is responsible in case of late fulfillment of obligations caused by irrelevant Partner information.

9.2. Requirements for Partner Ads:

9.2.1. Each Partner's Ad must contain full description of the Service that allows the User without special knowledge (not a professional) to evaluate the Service for its compliance with the User's interests, established restrictions related to potential buyers, medical contraindications.

9.2.2. The ad must be accurate, reliable and up-to-date.

9.2.3. The Partner is obliged to ensure relevance of the number of available Services and their separate parameters and components (for example, free seats) and immediately make changes (for example, remove unavailable seats from sale if they are sold in another way (not through the Platform)).

9.2.4. The advertisement must not violate the rights and legitimate interests of other individuals.

9.2.5. IMSKIPPER has the right (but is not obliged) to moderate Ads, correct errors, typos and obvious inaccuracies. However, if there are more significant errors, IMSKIPPER has the right to remove the Ad from publication.

9.3. Ethics of Partner behavior

9.3.1. The Partner undertakes to maintain good reputation of the Platform and IMSKIPPER, in particular, to refrain from any statements, publications that directly or indirectly may harm business reputation of the Platform and IMSKIPPER, lead to their negative perception.

9.3.2. The Partner undertakes to refrain from any actions that can be defined as unfair, abuse.

9.3.3. The Partner undertakes to provide the Services in the amount not less than specified in the Ads, with high quality and professionalism.

9.3.4. The Partner does not have the right to cancel confirmed requests, however, if such circumstances occur, the Partner undertakes to provide IMSKIPPER Users with comprehensive assistance to replace the Services with similar ones, as well as reimburse the costs incurred under the terms specified in the Agreement.

9.4. Requests, confirmation of requests

9.4.1. The Partner undertakes to approve requests in the Platform within no later than 18 hours after the moment they were sent. The Partner does not have the right to refuse approval if the request fully meets the requirements to the User specified in the Ad.

9.4.2. The Partner undertakes to provide explanations (including documents) regarding the Services, information about the Partner no later than 18 hours after the moment the request was sent.

9.5. Price parity

9.5.1. The condition for granting Partner status is to ensuring price parity. It means that the prices indicated by the Partner in the Ads must be equal or lower than any prices indicated by the Partner in other offers for sale of their Services.

9.5.2. In case of violation of Price Parity condition, the Partner, upon request of IMSKIPPER, undertakes to provide the service to the User under the terms of the minimum price found by IMSKIPPER. IMSKIPPER has the right at its discretion (including in case of refusal to provide the Services at the minimum price) to compensate to the User the price difference at the expense of the Partner. At the same time IMSKIPPER has the right to withhold the amount of compensation specified at the expense of any of upcoming payments to the Partner.

9.6. Prohibition to manipulate results

9.6.1. The Partner is prohibited from performing actions aimed at manipulating Partner's Rating. In particular, but not limited to, it is prohibited to provide discounts to Users (or other benefits) for reviews.

9.7. Personal data

9.7.1. The Partner acknowledges that by creating an Ad, he/she is instructing IMSKIPPER to collect and transfer Users' personal data to him/her for the purpose of providing Services to them and that the Partner is the controller with respect to the data specified, and IMSKIPPER is the processor.

9.7.2. The Partner undertakes to take adequate measures to protect personal data of Users to the extent not less than provided for by the Privacy Policy, to comply with the requirements of applicable legislation.

9.7.3. When creating an ad, the Partner does not have the right to collect and process personal data to a greater extent than is required for the provision of the Services.

9.7.4. If there are special conditions regarding processing of personal data, the Partner undertakes to provide the User with information in the Ad, in the description of the Partner in the Platform or in another accessible way to bring it to the User.

9.8. Application of rates and payment

9.8.1. The Partner pays IMSKIPPER a commission in accordance with the Annex Rates from each sale of the Service.

9.8.2. The Partner independently defines commission amount from the options provided by IMSKIPPER. Depending on the amount of the commission, the Partner may be provided with additional tools to promote his Ads in the Platform. The description of such additional tools, as well as additional conditions of use are specified in the Annex Rates.

9.8.3. Payment of the Platform's commissions is made in the following order:

9.8.3.1. In case of partial or full prepayment for the Partner's Services by the User, IMSKIPPER unilaterally deducts the commission amount from the amount of advance payment made by the User at the time of booking confirmation. The remaining amount is to be transferred to the Partner's account: in case of Partner rating of 4 or higher – not later than three days from the moment the User's prepayment is transferred to IMSKIPPER account, in case of Partner rating below 4 – not later than three days from the end date of Service provision to the User. In the latter case upon receiving User's claim IMSKIPPER has the right to delay payment, without incurring any liability, until the dispute is resolved.

9.8.3.2. If prepayment for the Partner's Services is not charged from the User, the Partner undertakes to pay commission to the Platform not later than three days from the date of confirmation of the User's request by the Partner.

9.8.4. IMSKIPPER has the right, at its discretion, to establish conditions to pay the deposit – the amount of money paid by IMSKIPPER Partner to pay the Platform's commissions. In this case IMSKIPPER independently deducts commission amounts from deposit amount. Deposit amount, unless otherwise specified, cannot be less than the amount defined by IMSKIPPER and when it is reduced, it must be replenished by the Partner.

9.8.5. If the User cancels the services ordered, the Partner refunds the User the cost of advance payment in accordance with the terms of refund within no more than 5 days, including the commission withheld (or paid) by IMSKIPPER. Such refund is made using the Platform. Service commission is not refundable to the Partner.

9.9. Responsibility for violations

9.9.1. General provisions on liability:

9.9.1.1. In case the Partner violates the Agreement, IMSKIPPER has the right, at its discretion, to apply any of sanctions or their combination:

9.9.1.2. Downgrade rating in the Platform;

9.9.1.3. Limit or decrease display in search results;

9.9.1.4. Temporarily or permanently revoke partner status;

9.9.1.5. Completely or partially, temporarily or permanently restrict the possibility of placing Ads, selling the Services.

9.9.1.6. In addition to the above measures, the Partner undertakes to reimburse IMSKIPPER at the first request, but in any case, no later than within three days, the damage and costs incurred by IMSKIPPER resulting from the Partner's violation of its obligations.

9.9.2. Partner's responsibility in case of cancellation of confirmed requests:

9.9.2.1. In case of cancellation of confirmed requests, in addition to the measures specified in general provisions on liabilities, the Partner undertakes to reimburse to IMSKIPPER at the first request, but in any case, not later than three days:

9.9.2.1.1. Compensation amounts payable by IMSKIPPER to the Users for cancelled Partner requests or paid to other Partners or individuals, including those calculated as the difference between the Partner's price for cancelled request and the price of the Service of another Partner or other individual purchased by the User offsetting cancelled booking (replacement booking), as compensation for the User's losses (for example, the cost of tickets, accommodation, etc.).

10. RESPONSIBILITY OF IMSKIPPER

10.1. The service is provided under the terms "AS IS" and "AS AVAILABLE". IMSKIPPER is not responsible for any losses that may be caused to the User or the Partner in relation to the use of the Platform.

10.2. IMSKIPPER does not provide any express or implied guarantees of the Platform's compliance with the expectations and needs of Users or Partners, does not guarantee its error-free operation, neither error correction.

10.3. IMSKIPPER does not guarantee absolute security of User and Partner data.

10.4. In cases when liability waiver is not allowed by applicable law, the parties established that IMSKIPPER's liability is limited solely to compensation of documented real damage (lost profits are not subject to compensation), and the maximum amount of liability is limited to 20% of the cost of the Services in respect of which the claims are made, and if such claims are not in related to the Services, then 20% of the cost of the Services purchased by the User in the Platform or sold by the Partner during the month preceding the event that served as the basis for making claims, and in absence of such purchased / sold services – an amount equal to 100 euros.

11. USAGE MONITORING

11.1. In order to improve operation IMSKIPPER is entitled to receive information about ways of using the Platform, interaction with its interface, about hardware and software environment, error reports. All such actions are performed in background mode and in no case have access to personal data, payment details.

11.2. The specifics of processing Personal and other Data are specified in the Privacy Policy.

12. INTELLECTUAL PROPERTY

12.1. The Platform, all its individual parts, the way information is built, interfaces are intellectual property of IMSKIPPER.

12.2. No one has the right to use any part of the Platform without special permission, outside of normal usage specified in the Agreement. In particular, no one has the right to copy information, Ads, interface elements, data structure, etc.

12.3. No one has the right to either manually or using special software, to collect, copy information, Ads from the Platform, make unreasonable number of searches, create other effects in the Platform that leads to unjustifiably increased load.

12.4. No one has the right to use the IMSKIPPER trademark, as well as any other individualization means used by IMSKIPPER, as well as those similar to them (graphically, phonetically or otherwise), including registering domain names in any domain zones, even if only part of the domain contains IMSKIPPER individualization means (or similar to it).

12.5. The User, the Partner, by posting the Content, provide IMSKIPPER with free, irrevocable, perpetual, worldwide, sublicensable and transferable license to use the Content for the purposes of the Platform, its advertising, promotion without additional alignment. Reports in connection with such use are not provided.

12.6. At the same time, the User and the Partner provide IMSKIPPER with an assurance that:

12.6.1. They legally own the content and have the right to distribute it in the Platform;

12.6.2. The Content does not violate privacy rights of other individuals;

12.6.3. The Content does not have viruses, does not have content that contradicts the Policy of the Platform;

12.6.4. Assume all possible claims related to the use of the Content.

12.7. IMSKIPPER has the right, at its discretion, to remove Content that does not comply with the Agreement.

13. PLATFORM UPDATE

13.1. IMSKIPER has the right, at its sole discretion, to make changes to the Platform at any time, those that result in expansion or limitation of its functions, changes to visual display and other changes, including additional functions for additional fee, hardware or software requirements may also change.

13.2. IMSKIPER does not accept any obligations to maintain certain functions, technologies, compatibility or interfaces. In case of updates neither the User nor the Partner has the right to demand provision of functions and interface access to which has been terminated or changed.

14. CORRESPONDENCE OF THE PARTIES

14.1.1. All legally significant notifications concerning execution of the Agreement will be sent to the email addresses specified by the User and the Partner in their Account, and to IMSKIPPER to the address specified in the "Details" section of the Agreement.

14.1.2. Notification is considered received by the party on the working day following the day when it was sent.

14.1.3. Each party takes necessary and sufficient measures to preserve confidentiality of its e-mail credentials, and also bears the risk of untimely receipt of notifications.

15. AMENDMENTS TO THE AGREEMENT

15.1. IMSKIPPER has the right at any time, at its sole discretion, to amend the Agreement by publishing new versions on IMSKIPPER Website.

15.2. Unless otherwise specified in the text of new versions, they come into effect 10 days after the date of their publication on IMSKIPPER Website.

15.3. The Partner, the User has the right to reject the Agreement before the date when amendments come into effect. Such rejection will result in deleting the Account and inability to use the Platform.

15.4. The Partner, the User, prior to the next purchase of the Service or placement of the Ad, undertakes to familiarize himself with the current version of the Agreement.

15.5. If there is no rejection in relation to the new version of the Agreement, it is considered accepted. In the future, the parties will be guided by such a new version.

16. APPLICABLE LAW AND DISPUTE RESOLUTION

16.1. The Agreement is interpreted and executed in accordance with procedure and substantive law of the country of IMSKIPPER registration. The rules of conflict of laws are not applicable.

16.2. All disagreements arising from the Agreement must be resolved in advance in claim procedure. Deadline for responding to a claim is 30 days from the date of its receipt by the party.

16.3. If the dispute is not settled by the parties in the claim procedure, it is subject to transfer to the court at IMSKIPPER location.

17. TERM OF THE AGREEMENT

17.1. The agreement is concluded for an indefinite period of time.

17.2. Each party has the right to reject the Agreement, but not before fulfilling the obligations assumed, except for the cases of terminating the Platform operation.

17.3. IMSKIPPER has the right to terminate the Platform operation at any time at its sole discretion, and will notify Users and Partners at least 10 days in advance by publishing relevant information on IMSKIPPER Website.

18. IMSKIPPER DETAILS

D.O.O. IMORE

PIB 03400921

85000 Dubrava 90, Bar, Montenegro

LOVCEN BANKA

Broj racuna 565-9327-42

E-mail: imskipper.net@gmail.com

Annex to the Agreement on the use of IMSKIPPER Platform "RATES"

IMSKIPPER commission amounts paid by Users

I

MSKIPPER commission amounts paid by Partners

1. Sale of services

2. Yacht selection