The Undersigned ("Owner") represents that he is the owner of the below-named vessel (the "Vessel") and as such is fully responsible for the welfare of the vessel and its crew. Owner further represents that he has placed the Vessel under the command of a person or persons having the required skills and experience to manage the Vessel safely in all conditions that may occur during the Black Duck Regatta (the "Race") and to participate in the Race without endangering the crew or other participating vessels or crews. Without limiting the foregoing, Owner represents that he is familiar with all applicable navigational and safety rules and will comply with them during the Race. Owner also represents that the Vessel is seaworthy and has been adequately inspected by qualified personnel prior to the Race.
Owner acknowledges that the Race Committee has no obligation to inspect the Vessel or other participating vessels, nor does it have any obligation to determine the sailing abilities of other participants in the Race. Owner assumes all risks arising from his participation in the Race including, without limitation, risks arising from the selection of his crew, the abilities of other participants in the Race, the layout of the course, weather and sea conditions during the Race and the Race Committee's management of the Race. In consideration of his being permitted to participate in the Race, Owner hereby agrees to indemnify and hold harmless its officers, directors, employees, representatives, the Race committeemembers and their successors, heirs, assigns, and legal representatives, from and against them or any of them arisingout of loss of property, injury or death occurring in connection with the participation of the vessel and its crew in the Race.
On his own behalf and on behalf of the Vessel and crew, Owner hereby releases and forever discharges the persons and entities described in the preceding paragraph of and from any and all actions, claims, liabilities and damages which against any of them the Owner or his crew has or hereafter have by reason of any act or omission occurring in connection with the Race.
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