Valid as from January 2009
All amounts are stated in Sterling and Euros. Amounts may vary subject to exchange rate fluctuations.

Charges

CGI Finance shall be entitled to make the following charges and to adjust the said charges from time to time:

The above charges, except the Commitment fee, are commensurate with and reflect the actual administrative cost of performing the relevant action.

Fees and expenses

Set out below is a list of the amount of certain of the fees and expenses that may be incurred in connection with this Agreement. This list is indicative only, and the actual fees and expenses charged to the Borrower by the Creditor will depend on a number of factors, including:

• the jurisdiction of registration;
• the length of the Boat (if the Boat is longer than 15 metres then prices may be higher);
• whether preparation, administration and registration is straightforward;
• the time spent by any agents or sub-contractors of the Lender undertaking any of their responsibilities on behalf of the Lender to facilitate the administration required under this Agreement or the Security Document;
• any bespoke requests by the Borrower.

Such fees and expenses are subject to change which is outside our control. Enforcement charges will depend upon the above mentioned factors but in all cases shall reflect the actual costs of our agents.