(l) coordination with technical directors with respect to (i) the obligations of the registered owner of a vessel; in accordance with the obligations of such a registered owner, in accordance with the conditions applicable to it under the applicable technical management agreement, (ii) consolidation of accounts, budgets and other equipment that may be requested by owners for vessels for which technical managers provide administrative services under a technical management agreement, and (iii) the level of administrative services required by the technical director as part of a technical administrative agreement for a party to charter a vessel; the vessel is deemed lost if it has become a total loss or if it has reached an agreement with marine insurers regarding its overall constructive loss, or if such an agreement is not reached with the ship`s insurers, it is decided by a component court that a constructive loss of the vessel has occurred; and “commercial management agreement” is collectively defined as commercial management agreements between the parent company and/or its subsidiaries, on the one hand, and the heads of commerce, on the other, for each of the vessels (as defined). LAYUPMAN is a standard contract for the transfer of ships. Owners designate administrators to perform services related to the installation of the vessel as an agent for and on behalf of the owners. The last edition of this contract is LAYUPMAN, issued in 2011. The copyright of LAYUPMAN is BIMCO. The term “Best endeavours” is not clearly defined by English law. However, the available case authorities show that this is an extremely high level, which is the first thing closest to an absolute obligation or guarantee.  In practice, therefore, managers should demonstrate that they are taking all necessary steps that a prudent manager would take to provide management services. In addition, it is not uncommon for managers to find themselves in the middle of disputes between shipowners and third-party suppliers (including shipyards) and for managers to be involved in disputes over ownership of the vessel or charter agreements.
(a) Directors undertake to do their best to provide management services as agents for and on behalf of owners, in accordance with sound vessel management practices, and to protect and promote the interests of owners in all matters related to the provision of services under this sub-position; In fulfilling and fulfilling their obligations, obligations and obligations under this Agreement, directors act in accordance with all instructions provided to them by the owners and directors will faithfully and carefully serve the owners at all times.