1. Insurance Provisions: Include when insurers are directly involved in the settlement process

2. Third Party Claims: Include when there are potential claims from third parties affected by the collision

3. Environmental Damage: Include when the collision resulted in environmental impact requiring specific remediation

4. Cargo Claims: Include when cargo damage or loss is part of the settlement

5. Future Claims Protection: Include when there's potential for future claims from currently unknown damages

6. Tax Provisions: Include when settlement has significant tax implications requiring specific provisions

7. Dispute Resolution: Include when parties want to specify alternative dispute resolution methods before court proceedings

1. Schedule 1 - Incident Report: Detailed description of the collision incident including weather conditions, visibility, and vessel movements

2. Schedule 2 - Damage Assessment: Detailed survey reports and assessment of damages to all vessels involved

3. Schedule 3 - Settlement Calculation: Breakdown of settlement amount including different heads of damage

4. Schedule 4 - Payment Schedule: If applicable, the schedule of installment payments

5. Appendix A - Vessel Details: Technical specifications and registration details of all vessels involved

6. Appendix B - Insurance Certificates: Copies of relevant insurance certificates and coverage details

7. Appendix C - Authority Documents: Powers of attorney or other documents establishing authority to settle