Charterer’s Representations Clause Samples
The 'Charterer’s Representations' clause sets out the specific assurances and statements made by the charterer regarding their authority, legal standing, and ability to fulfill the obligations under the charter agreement. Typically, this clause requires the charterer to confirm that they are duly organized, have the necessary power to enter into the contract, and that the agreement does not breach any other commitments. By including these representations, the clause helps ensure that the shipowner can rely on the charterer's legal and financial capacity, thereby reducing the risk of disputes or contract breaches due to misrepresentation.
Charterer’s Representations. The Charterers acknowledge that the Owners have entered into this Charter in full reliance on representations by the Charterers in the following terms, and the Charterers now warrant to the Owners that the following statements are true and accurate throughout the continuation of this Charter: (a)
Charterer’s Representations. The Charterer represents, warrants, undertakes and acknowledges in respect of itself and in respect of its passengers, that: (a) any funds or monies paid to the Carrier by the Charterer (and/or its passengers) shall not have been derived as proceeds of money laundering, terrorist financing and/or of any other illegal or criminal act or activity; (b) it is not a terrorist, a foreign terrorist organization, an organization that assists or provides support to a foreign terrorist organization, a proliferator of weapons of mass destruction, a narcotics trafficker or any other similar designation that would prohibit Carrier from engaging in a transaction with that individual or entity under applicable law, or the subject or target of any economic or trade sanction law or regulation or travel ban; (c) no employee or director or owner or shareholder or parent company or affiliate or subsidiary of the Charterer is subject or target of any economic or trade sanction law or regulation or travel ban; and (d) baggage and cargo of the Charterer (and/or its passengers) shall not violate any applicable export control laws.
Charterer’s Representations. The CHARTERER represents, warrants, covenants, and agrees to and with the OWNER that: (i) the CHARTERER is a corporation duly
Charterer’s Representations. The Charterer represents, warrants, covenants, and agrees to and with the Owner that: (i) the Charterer is a company duly organized, validly existing, and in good standing under the laws of the Republic of the ▇▇▇▇▇▇▇▇ Islands, has the requisite power and authority to own its property and assets and to enter into and carry out the transactions contemplated by, and to execute, deliver and perform under, this Charter, and is duly qualified in each jurisdiction where the nature of its operations requires such qualification, (ii) the execution, delivery, and performance of this Charter are within the Charterer’s power, have been duly authorized by all necessary limited liability company action, do not contravene the Charterer’s certificate of organization or regulations, or similar documents, or violate any judgment, order or decree applicable to the Charterer, and do not contravene any law, any order of any court or other agency of government, or any agreement or instrument or contractual restriction binding on or affecting any of its property, or constitute a default thereunder, (iii) this Charter constitutes the legal, valid and binding obligation of the Charterer enforceable against the Charterer in accordance with its terms, (iv) neither the Charterer nor any of its affiliates, or, to its knowledge, any of its directors, officers, agents or representatives is an individual or entity currently subject to Sanctions or is located, organized or a resident of a country or territory that is the subject of Sanctions, and (v) it will not, directly or indirectly, lend, contribute or otherwise make available funds to any person or entity (1) to fund any activities of or business with any person or entity subject to Sanctions, or (2) fund any activities or business in any country or territory that, at the time of such funding, is the subject of Sanctions, unless, in each instance, it is authorized under a specific or general license issued by OFAC.
Charterer’s Representations. The Charterer represents, warrants, undertakes and acknowledges in respect of itself and in respect of its passengers, that: (a) any funds or monies paid to the Carrier by the Charterer (and/or its passengers) shall not have been derived as proceeds of money laundering, terrorist financing and/or of any other illegal or criminal act or activity;