Sub-chartering Clause Samples

Sub-chartering. (a) The Charterers shall not, without the prior written consent of the Owners: (i) let the Vessel on any demise charter for any period; or (ii) assign their rights under this Charter.

Sub-chartering. Neither Party shall sub-charter slots made available to it on a structural basis (i.e., on five (5) or more consecutive voyages/legs) hereunder to any third parties without first offering such slots to the other Party or obtaining the (2nd Edition) Original Page No. 4 prior written consent of the other Party, which consent may be withheld at the sole discretion of such other Party. The Party sub-chartering slots shall remain responsible for such slots.

Sub-chartering. The Charterer will not at any time without the prior written consent of the Owner (which the Owner shall have full liberty to withhold) and, if such consent is given, only subject to such conditions as the Owner may impose, part with the possession or operational control of the Ship (except for the purpose of maintenance, service, repair or overhaul work or any modifications, changes or alterations permitted under this Charterparty and the Conversion and Supply Agreement) or sub-charter the Ship: (a) on demise charter for any period; (b) by any time or consecutive voyage charter for a term which exceeds or which by virtue of any optional extensions therein contained may exceed thirteen months' duration; (c) on terms whereby more than two months' hire (or the equivalent) is payable in advance; (d) below the market rate prevailing at the time when the Ship is fixed or on any other than arms' length terms; (e) on any charter for a period extending or capable of extending beyond the end of the Charter Period as extended pursuant to Clause 3.2; (f) on terms involving any transfer or purported transfer of title or interest in the Ship or part thereof or which would contravene the provisions of this Charterparty or any of the other Relevant Documents (including, without limitation, the provisions of Clause 13.2(d) relating to qualifying use during the requisite period as therein referred to).

Sub-chartering. The relevant Target Group Company has not at any time parted with the possession or operational control of the Vessels (except for the purpose of maintenance, service, repair or overhaul work or any modifications, changes or alterations) nor sub-chartered the Vessels.

Sub-chartering. (a) The Sub-Lessee shall be entitled to sub-lease or sub-charter the Rig to any person or otherwise employ the Rig without the prior consent of the Sub-Lessor. (b) The sub-leasing, sub-chartering or other employment of the Rig by the Sub-Lessee to any person will not in any way release the Sub-Lessee from its obligations under this Agreement or the other Lease Documents.

Sub-chartering it will not without the prior written consent of the Mortgagee sub-let the Ship: (a) on demise charter for any period; or (b) by any time or consecutive voyage charter for a term which exceeds or which by virtue of any optional extension therein contained is likely to exceed twelve (12) months duration; or (c) on terms whereby more than two (2) months hire (or the equivalent) is payable in advance; or (d) below the market rate prevailing at the time when the Ship is fixed;

Sub-chartering. Except with approval (such approval not to be unreasonably withheld or delayed), the Owner shall use all reasonable endeavours to procure that the Charterer shall not enter into any charter 146 UK-#396550026-v7 commitment for the Ship which, if entered into by the relevant Owner would require approval under clause 22.8 (Chartering) and if the Security Agent is at any time entitled to enforce its rights 147 UK-#396550026-v7 as mortgagee of the Ship under the terms of any Mortgage, the Charterer will exercise its rights under any sub-charter of the Ship in such manner as the Agent may direct.

Sub-chartering