Tankers Clause Samples
The 'Tankers' clause defines the specific terms and conditions that apply to the use of tanker vessels in a shipping contract. It typically outlines requirements such as the type of cargo permitted (e.g., liquid bulk like oil or chemicals), safety and environmental standards, and operational procedures unique to tankers, such as cleaning protocols or restrictions on certain ports. By clearly delineating these requirements, the clause ensures that both parties understand their obligations and helps prevent disputes related to the specialized nature of tanker operations.
Tankers. Buyer warrants that throughout the term of each tanker’s service under a Transaction, such tanker shall have full and valid Protection and Indemnity Insurance (“P&I Insurance”), including valid pollution liability insurance (“Pollution Cover”), from a P&I Club that is a member of the International Group of P&I Clubs. The cost of P&I Insurance and Pollution Cover shall be for Buyer’s account. The P&I Insurance must include the maximum cover available from the International Group of P&I Clubs against liability for pollution (presently one billion U.S. dollars), unless some other amount is specifically agreed to in a Confirmation.
Tankers. Before being charged, the tanker may be visually inspected, with the purpose of detecting mechanic and maintenance problems in the valves, and that may not allow is fulfillment, or that may cause any problem during the transportation. It is a Buyer’s liability the cleaning of the tanker showed to pick up the Product. Before allow the entrance of the truck to the fulfillment facilities, it shall comply the security regulations of the Seller in the related to the transportation (for example, extinguisher, land connection, etc.).
Tankers. Buyer shall cause the LNG purchased and sold hereunder to be shipped from Algeria in LNG tankers having a Gross Cargo Capacity, as defined in the Transportation Agreement dated the date hereof between Seller as transporter and Buyer as shipper (the
Tankers. The MR1 market appears to be structurally dropping after improvements in cargo volumes in 2016 and a steady 2017. The fleet size has started to contract though, which may help offset some of the drop in demand, ▇▇▇▇▇ said.
Tankers. Increment, maximum years, when a higher rank seniority to