Page 268 - Records of Bahrain (4) (i)_Neat

; 256 Records oj Bahrain

Gj If the oyotem crnployod in 1 Mil no intcroot may be chargod by
the chore Nakhuda (Noto-tho merchant who financco the boat but
(ri) doco not go out v/ith it) on hie advancco made to the Sou Nakhuda,
neither may the latter charge any intercut on the advancco made
by him to the crew,
(b) The Shore Nalchuda ohall have the prior right to purcliaoc all the
pearlo found by the crow of the boat lie hao financed.

(c) The price the chore Nakhuda ohall pay for the pearlo ohall be leoo
thantlie octimated market value,but ohall not be moro than 20# leoo.
He ohall normally purcliaoc at the price agredclupon with the oea
Nakhuda v/ith the concent of at leant tv/o thirdo of the crew.
(d) In the event of flailure to agree ao to the price to be paid ,the
t parties may by mutual concent refer to agreed arbitratoro who
ohall oettle the market valuo of the pearlo & the chore Nakhuda
ohall purcliaoc at not leoo than 20# below the price estimated by
the arbitratoro, or

(e) The parties may refer to a competent court for decision ao to
;
the value of the pearlo,in which case the court shall appoint
i\
i, competent aooeoeoro & determine the price which should be paid
by the junutits chore Nakhuda,
(f) Should the shore Nakhuda etill be undeoirouo of ^urcliaoing at tho
price determined by the Court ,the oea Nakhuda ohall have the
right to sell the pearlo to whomsoever he may,with the consent
of at leaot 2/3 of tho crew, dooiro to ooll them,provided that

he ohall give to tho Nakhuda (shore) notice of the time & plaoe
where he will receive payment & shall at that time & plaoe
immediately refund to the shore Nakhuda the full advance taken
from him. He shall rooeivo payment in tho preoonoe of at least
I#3 of the crew.
9. When the oyotem employed io lladyan the Nakhuda (Shore) is entitlet
[
to charge interest at tho rate agreod upon, on the advance made by
him to tho sea Nakhuda,provided that in no caoe ohall such interoo
exoaed 20# on Tisqam advances or 10# on Salof advances,Tho sea-

Nakhuda ohall be entit&ftd to charge the crew on advancco made to
them, at tho oame rate that he io charged by tho chore-Nakhuda but
under no circumotanceo shall it exceed 20# on the Tisqam or 10#