Vessel Chartering. Supplier shall be responsible for vessel chartering. Supplier will advise Coffeyville from time to time of vessel chartering opportunities, and shall recommend to Coffeyville if, in Supplier’s reasonable opinion, Coffeyville should authorize the chartering of a particular vessel. Upon such authorization from Coffeyville, Supplier shall use commercially reasonable efforts to charter such vessel. Coffeyville shall be permitted hereunder to recommend to Supplier from time to time particular vessel chartering opportunities which become known to Coffeyville. To the extent that Supplier agrees that a particular vessel chartering opportunity recommended by Coffeyville is reasonable, Supplier shall use commercially reasonable efforts to charter such vessel. Subject to Coffeyville’s prior consent, Supplier shall make all nominations of vessels and shall negotiate all chartering aspects with the relevant charterparties, including any inspection rights and insurance provisions, and shall otherwise take any and all actions required for the ocean transportation of the Crude Oil. Coffeyville shall give Supplier sufficient advance notice of its chartering requirements to permit Supplier’s timely review and execution thereof. Supplier’s arrangements pursuant to this Section shall be subject to Coffeyville’s prior consent and standard receiving terminal approval. Supplier shall promptly document and research all demurrage claims; provided, however, that the settlement of demurrage claims will be in accordance with Section 4.6. In meeting its obligations under this Section, Supplier shall use its commercially reasonable efforts to recommend vessel charters to Coffeyville that are at reasonably competitive rates taking into account safety, reliability and other relevant considerations. Notwithstanding the foregoing, each vessel chartered or used for transport of Crude Oil by Supplier shall satisfy the following chartering standards: (i) a vessel shall be a maximum of 20 years old, although vessels no older than 15 years are preferred and the Parties should use commercially reasonable efforts to have such 15-year old or younger vessels constitute the substantial majority of the vessels chartered hereunder, (ii) a vessel shall at the time it is chartered have been approved by the vetting departments of at least two major oil companies, although Supplier may in its discretion accept vessels that have been approved by the vetting department of one major oil company, (iii) a vess...
Vessel Chartering. Vitol shall be responsible for chartering all vessels required hereunder upon commercially reasonable terms and conditions; Vitol shall make all nominations of vessels and shall negotiate all chartering aspects with the relevant charterparties, including any inspection rights and insurance provisions, and shall otherwise take any and all actions required for the ocean transportation of Crude Oil. Notwithstanding anything to the contrary herein, Coffeyville may recommend to Vitol from time to time particular vessel chartering opportunities that become known to Coffeyville.
Vessel Chartering. United, at no cost to Tampa Electric, shall have the right to charter vessels so that United may meet its obligations to Tampa Electric under this Agreement, provided that (i) Tampa Electric, in advance, shall approve in writing the vessel(s) that United plans to charter, which approval shall not be unreasonably withheld, conditioned or delayed, (ii) the substitute vessel(s) meets the representations and warranties set forth in Section 5.2 above and the dimension limitations set forth in Section 5.10 above (if Tampa Electric provides its approval under this Section 5.11, United need not obtain Tampa Electric’s approval under Section 5.10 if such approval otherwise would be required under Section 5.10) and (iii) United shall continue to remain fully responsible for the performance of the substituted vessel(s).
Vessel Chartering. Vitol shall be responsible for chartering all vessel required hereunder; provided, however, that Coffeyville may recommend to Vitol from time to time particular vessel chartering opportunities that become known to Coffeyville. To the extent that Vitol determines that a vessel opportunity recommended by Coffeyville is reasonable, Vitol shall use commercially reasonable efforts to charter such vessel. Subject to Coffeyville’s prior consent, Vitol shall make all nominations of vessels and shall negotiate all chartering aspects with the relevant charterparties, including any inspection rights and insurance provisions, and shall otherwise take any and all actions required for the ocean transportation of Crude Oil. Coffeyville shall give Vitol sufficient advance notice of its chartering requirements to permit Vitol’s timely review and execution thereof. In meeting its obligations under this Section 9.4, Vitol shall use its commercially reasonable efforts to recommend vessel charters to Coffeyville that are at reasonably competitive rates taking into account safety, reliability and other relevant considerations.
