How to make / write power of attourney ? re buying a new vessel !

How to make / write power of attorney ?

POWER OF ATTORNEY

KNOW ALL MEN BY THESE PRESENTS that-------------------, a corporation incorporated and validly existing under the laws of the Republic of ------------- and having its registered office at ------------------------ (hereinafter called the “Corporation”) has made, constituted and appointed and DOES HEREBY make, constitute and appoint Mr. ------------------------- of --------- with -------------- Number -------- and/or Mr. ----------------------- of ---------- with Passport Number --------- (each of whom is hereinafter called the “Attorney”), each one acting singly and independently of the other with full power to act alone, to be the true and lawful Attorney of the Corporation with full power of substitution and delegation and in its name, place and stead and on its behalf to do the following acts, deeds and things, or any of them:


To represent the Corporation in the purchase of M/V ------------, registered in the ownership of the Sellers under the ----------- flag at the port of ----------, built in ------------, with IMO No. --------- and Call Sign -------- (hereinafter called the “Vessel”), for a price of USD --------- (hereinafter called the “Purchase Price”) from ------------------------------------------- (hereinafter called the “Sellers”) pursuant to the terms and conditions of a Memorandum of Agreement dated December 16, 2011, agreed, entered into and signed between the Corporation and the Sellers as this may from time to time be amended and/or supplemented by any Addendum/a (hereinafter the Memorandum of Agreement and any Addendum/a to be executed jointly and severally called the “MOA”).
To proceed with the conclusion of the purchase of the Vessel by the Corporation from the Sellers pursuant to the MOA and to register her in the ownership of the Corporation in the ----------- Registry, with a name and under any terms and conditions the Attorney may agree and approve, at his absolute discretion, and for such purpose to agree the terms and conditions of and/or sign, seal (where necessary), or otherwise execute and accept and register (if required) a legal Bill of Sale transferring title to the the Corporation and any and all documents, in connection with or in furtherance to the purchase by the Corporation of the Vessel, including any amendments thereto.
To take physical delivery of the Vessel from the Sellers for the Corporation and for such purpose, at his absolute discretion to agree the terms and conditions of and/or sign, seal, execute, accept the Protocol of Delivery and Acceptance and any and all documents relevant or connected to such delivery.
To sign, seal (if necessary), execute and deliver all applications, appointments and documents and make declarations and swear affidavits as may be necessary for the conclusion of the purchase, transfer of ownership to the Corporation and registration of the Vessel in the ---------- Registry.
To appear before Registrars, Commissioners, Consuls, Notary Publics and all other competent authorities and to sign, seal (if necessary), submit and/or deliver any and all applications forms, protocols and documents required for the transfer of title of the Vessel to the Corporation and do any act or thing for the purpose of completing the Vessel’s purchase, transfer of ownership and registration as aforesaid.
To represent the Corporation in any and all banking transactions and for such purpose and without any limitation to open and close bank accounts in respect of the Purchase Price of the Vessel, to arrange payment of the 15% deposit to the Sellers’ nominated Bank account held with Bank of ---------- of --------- (hereinafter called the “Bank”) pursuant to Clause 2 of the MOA, to pay the balance of the Purchase Price and any other money payable by the Corporation under the MOA and upon delivery of the Vessel and to agree in his absolute discretion the terms and conditions of and sign, execute and deliver any and all bank mandates or any other instrument or document and receipts required for the payment of the Purchase Price in connection with the transactions referred to in the present resolutions, including any amendments thereto.
To sign and execute or otherwise deliver all documents required to be delivered by the Corporation to the Sellers pursuant to the MOA.
To sign, seal (if necessary) execute, deliver and/or accept or make or do all such further documents, acts or things as may in the absolute discretion of the Attorney or any of them seem necessary or desirable to amend, supplement, implement or complete any transactions contemplated in the MOA and the Corporation hereby agrees at all times hereafter to approve, confirm and ratify whatsoever the Attorney or Attorneys or any substitute attorney or attorneys lawfully do or cause to be done by virtue of this Power of Attorney.
To appoint and name substitute(s) and/or legal representative(s) or representatives to exercise some or all of the powers hereby conferred upon the Attorneys and to revoke the appointment of same at his absolute discretion.
The Corporation hereby agrees at all times hereafter to approve, confirm and ratify whatsoever the Attorney or Attorneys or any substitute attorney or attorneys lawfully do or cause to be done by virtue of this Power of Attorney.
IN WITNESS whereof, this Power of Attorney has been made and duly executed by the Corporation this --th day of ----- 2012.


Signed and delivered by )
------------------------------ )
------------------------------ )
The duly authorized Director of )
----------------------- )

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