Common use of Constructive Total Loss Clause in Contracts

Constructive Total Loss. The Charterers shall, at the Owners’ request, provide evidence satisfactory to the Owners (acting reasonably) as to the date on which the constructive total loss of the Vessel occurred pursuant to the definition of Total Loss.

Appears in 4 contracts

Sources: Memorandum of Agreement (Himalaya Shipping Ltd.), Memorandum of Agreement (Himalaya Shipping Ltd.), Memorandum of Agreement (Himalaya Shipping Ltd.)