Vessel Management Agreement Template for Malaysia

1. Crew Management: Detailed section on crew management if the agreement includes crewing services

2. Technical Management: Specific provisions for technical management if included in the scope

3. Commercial Management: Additional section if the manager has authority for commercial operations

4. ISM Code Compliance: Specific provisions regarding International Safety Management Code if applicable

5. Environmental Management: Additional environmental compliance requirements for environmentally sensitive operations

6. Vessel Security: Special security provisions for high-risk areas or sensitive cargo

7. Procurement Services: Detailed provisions if the manager handles procurement of supplies and spare parts

8. Performance Metrics: KPIs and performance evaluation criteria if required by the owner

1. Vessel Particulars: Detailed technical specifications and certificates of the vessel

2. Management Services: Detailed scope of services to be provided by the manager

3. Management Fee Structure: Breakdown of management fees, additional charges, and payment terms

4. Budget and Operating Costs: Annual operating budget and cost allocation details

5. Insurance Requirements: Specific insurance policies and coverage requirements

6. Key Personnel: Details of key management personnel and their responsibilities

7. Compliance Checklist: List of applicable regulations and compliance requirements

8. Emergency Response Procedures: Procedures for handling emergencies and incidents

9. Reporting Requirements: Format and frequency of operational and financial reports

10. Power of Attorney: If required, specifying manager's authority to act on owner's behalf