Common use of Vessel Classification Clause in Contracts

Vessel Classification. Each Vessel is classified in the classification and rating for vessels of the same age and type with the respective classification society set forth in Schedule 4.19, free of notices, recommendations or qualifications which negatively affect such classification other than as disclosed to the Agent.

Vessel Classification. Each Vessel is classified in the highest classification and rating for vessels of the same age and type with the respective classification society set forth in Schedule 4.194.20, free of noticeswithout, except as set forth in Schedule 4.22, any conditions or recommendations or qualifications which negatively affect such classification other than as disclosed to the Agentaffecting class.