Article 43. Calculations for the lease of a vessel of the Law On Inland Waterway Transport
1. The tenant pays the rent to the landlord in accordance with the procedure and terms stipulated in the lease agreement.
2. The lessee is exempt from paying rent and expenses related to the vessel for the time during which the vessel was not suitable for operation due to the fault of the lessor. If the vessel was not suitable for operation due to the fault of the lessee, the rent is payable in full.
3. In case of loss of the vessel, the rent must be paid by the lessee for the time including the day of its death, and if this day cannot be determined, the day of receipt of the last news about it.
4. In case of late return of the vessel to the lessor, the lessee shall pay rent for the entire period of use of the vessel exceeding the term of the lease agreement, based on the rental rate provided for in the lease agreement or the market rental rate if it exceeds the rental rate provided for in the lease agreement.
5. In case of non-payment of rent more than twice after the expiration of the payment period established by the agreement, the lessor has the right to terminate the lease agreement ahead of schedule in court.
6. Unless otherwise provided by the lease agreement, separable improvements to the vessel made by the lessee are his property and may be seized by him.
The Law of the Republic of Kazakhstan dated July 6, 2004 No. 574.
This Law regulates public relations that arise between government agencies, individuals and legal entities in the field of inland waterway transport during navigation, transportation of passengers, baggage and cargo, operation of small vessels, including on bodies of water not related to inland waterways and sea waters, and also defines their rights, duties and responsibilities..
President
Republic of Kazakhstan
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