Application to Slip Vessel and for Commercial Credit

The Vessel owner (Applicant) hereby applies for the granting of a credit facility with Geraldton Boat Lifters Limited (ABN 83 114 584 342) trading as 'Geraldton Boat Lifters' (GBL). GBL requires the return of a signed copy of this Agreement before proceeding.

Each signatory below declares that:

1. all the information provided to GBL for the purposes of assessing the Applicant’s suitability for credit is true and correct in every particular;
2. the signatory has received a copy of, and has read and understood, the terms and conditions attached to this Application for Commercial Credit including the indemnity in clause 12.5 and the limitation of GBL’s liability in clauses 12.3 and 12.4;
3. the signatory understands that the terms and conditions contain indemnities which may increase the Applicant’s liability to GBL if the Applicant breaches the terms and conditions or is negligent;
4. the signatory understands that, to the extent permitted by law, the liability of GBL to the Applicant is limited to an amount equal to the Actual Cost; and
5. the signatory is authorised to apply for credit on behalf of the above Applicant and to execute this Agreement on behalf of the Applicant.