Common use of Initial Charter Clause in Contracts

Initial Charter. Each relevant Ship, as at the Delivery Date in respect of such Ship, is subject to the respective Initial Charter and has been delivered to the Initial Charterer.

Initial Charter. Each relevant Ship, as at the Delivery Date in respect of such Ship, Ship is subject to the respective relevant Initial Charter and has been delivered to the respective Initial ChartererCharterer (to the extent delivered on the date of this Agreement).