Common use of Maritime Administration Clause in Contracts

Maritime Administration. At all times each of the Sellers has been "a citizen of the United States" within the meaning of Section 2 of the Shipping Act of 1916, as amended. The Vessels are duly documented in the name of the Sellers reflected in Exhibit "A" as owning each Vessel with the U.S. Coast Guard and each of the Vessels has and as of the Closing Date will have current certificates of inspection and documentation in effect with the U.S. Coast Guard and an American Bureau of Shipping loadline certificate, in each case free of reportable exceptions or notations of record and each of the Vessels is currently operating within the U.S. Gulf of Mexico.

Appears in 1 contract

Sources: Vessel Purchase Agreement (Trico Marine Services Inc)

Maritime Administration. At all times each of the Sellers Seller has been "a citizen of the United States" within the meaning of Section 2 of the Shipping Act of 1916, as amended. The Except as disclosed in Exhibit "A", the Vessels are duly documented in the name of the Sellers reflected in Exhibit "A" Seller as owning each Vessel with the U.S. Coast Guard and each of the Vessels has and as of the Closing Date will have current certificates of inspection and documentation in effect with the U.S. Coast Guard and an American Bureau of Shipping loadline certificate, in each case free of reportable exceptions or notations of record record, and each of the Vessels is currently operating within the U.S. Gulf of Mexico.

Appears in 1 contract

Sources: Vessel Purchase Agreement (Trico Marine Services Inc)