existing vessel definition

existing vessel means a vessel which is not a new vessel;
existing vessel means a vessel that is not a new fishing vessel.
existing vessel means other than a new vessel.

Examples of existing vessel in a sentence

  • Loss Payable Clause The Managers’ Undertakings together with duly executed letters of consent to Loss Payable Clause executed by each of the named assureds on the insurance policies for the Existing Vessel.

  • The Borrower will comply with its insurance obligations in respect of the Existing Vessel as set out in the Existing Vessel Assignment.

  • The Existing Vessel is or becomes a Total Loss and the period of one hundred and twenty days from such Total Loss has elapsed.

  • The Master’s receipt for the Mortgage in respect of the Existing Vessel.

  • The Borrower will not sell, transfer, contribute or otherwise convey, or grant options, warrants or other rights with respect to, the Existing Vessel.


More Definitions of existing vessel

existing vessel. ’ means a vessel the keel of which was laid or that was at a similar stage of construction before July 18, 1982.
existing vessel means a vessel that is not a new vessel.
existing vessel means a fishing vessel the keel of which was laid or the construction commenced before 23 November 2002;
existing vessel means a Fishing Vessel registered for first time as a Fishing Vessel before 16 July 2007;
existing vessel means a vessel which is not a new vessel as defined in section 2 of the Survey Regulation Note 1; (Amendment No. 49)
existing vessel means a vessel that is not a new vessel: "Fishing vessel" means a vessel used, or intended to be used,
existing vessel or “existing inland vessel” means any inland vessel which is not any new inland vessel that falls within the ambit of the definition provided under of sub-rule (3) of Rule 3