Common use of Compliance with ISPS Code Clause in Contracts

Compliance with ISPS Code. the Borrower on the Drawdown Date shall have a valid and current ISSC in respect of the Vessel and will comply on the Drawdown Date and the Operator complies, with the requirements of the ISPS Code and the ISSC which shall be issued in respect of the Vessel on the Drawdown Date and shall remain valid thereafter throughout the Security Period;