Common use of Vessel Documents Clause in Contracts

Vessel Documents. The Facility Agent shall have received: (i) the latest survey report in respect of the Vessel; (ii) the classification certificate of the Vessel and the trading certificate of the Vessel from the Classification Society with which such Vessel is classed at least ten (10) days prior to the Drawdown Date, unless otherwise agreed by the Facility Agent; (iii) the relevant pages of the Trim & Stability booklet, including (x) a copy of the approval page displaying the name of the Vessel and the stamp of class, (y) a copy of the page giving the description of the Vessel and (z) the page stating the Vessel's LDT; (iv) the chartering description (e.g. Q88 for tankers or Form C for LPG); and (v) evidence satisfactory that the Vessel is: a. in the sole and absolute ownership of such Borrower and duly registered in such Borrower's name under the United States flag free of all liens and encumbrances of record other than the Mortgage; b. insured in accordance with the provisions of the Mortgage and all requirements of the Mortgage in respect of such insurance have been fulfilled (including, but not limited to, letters of undertaking from the insurance brokers, including confirmation notices of assignment, notices of cancellation and loss payable clauses acceptable to the Lenders); the main terms of such insurances (including the copies or drafts of the relevant insurance documents) to be provided to the Facility Agent at least 10 days prior to the Drawdown Date; c. classed in the highest classification and rating for vessels of the same age and type with its Classification Society without any outstanding recommendations and requirements; and d. operationally seaworthy and in every way fit for its intended service.

Vessel Documents. The Facility Agent shall have received: (i) the latest survey report in respect of the Vessel; (ii) the classification certificate ce1tificate of the Vessel and the trading certificate of the Vessel from the Classification Society with which such Vessel is classed at least ten (10) days prior to the Drawdown Date, unless otherwise agreed by the Facility Agent; (iii) the relevant pages of the Trim & Stability booklet, including (x) a copy of the approval page displaying the name of the Vessel and the stamp of class, (y) a copy of the page giving the description of the Vessel and (z) the page stating the Vessel's LDT; (iv) the chartering description (e.g. Q88 for tankers or Form C for LPG); and (v) evidence satisfactory that the Vessel is: a. in the sole and absolute ownership of such Borrower and duly registered in such Borrower's name under the United States flag free of all liens and encumbrances of record other than the Mortgage; b. insured in accordance with the provisions prov1s10ns of the Mortgage Mo1tgage and all requirements of the Mortgage Mo1tgage in respect of such insurance have been fulfilled (including, but not limited to, letters of undertaking from the insurance brokers, including confirmation notices of assignment, notices of cancellation and loss payable clauses acceptable to the Lenders); the main terms of such insurances (including the copies or drafts of the relevant insurance documents) to be provided to the Facility Agent at least 10 days prior to the Drawdown Date; c. classed in the highest classification and rating for vessels of the same age and type with its Classification Society without any outstanding recommendations and requirements; and d. operationally seaworthy and in every way fit for its intended service.

Vessel Documents. The Facility Agent shall have received: (i) the latest survey report in respect of the Vessel; (ii) the classification certificate of the Vessel and the trading certificate of the Vessel from the Classification Society with which such Vessel is classed at least ten (10) days prior to the Drawdown Date, unless otherwise agreed by the Facility Agent; (iii) the relevant pages of the Trim & Stability booklet, including (x) a copy of the approval page displaying the name of the Vessel and the stamp of class, (y) a copy of the page giving the description of the Vessel and (z) the page stating the Vessel's ’s LDT; (iv) the chartering description (e.g. Q88 for tankers or Form C for LPG); and; (v) last two port state control certificates and the port state control history for the last 3 years (to be provided by the Borrower on a best efforts basis); (vi) work list from the last dry dock completed; (vii) details of the Vessel’s tracking device (e.g. INMARSAT number) (to be provided by the Borrower on a best efforts basis); (viii) evidence satisfactory that the Vessel is: a. in the sole and absolute ownership of such Borrower and duly registered in such Borrower's name under the United States ▇▇▇▇▇▇▇▇ Islands flag free of all liens and encumbrances of record other than the Mortgage; b. insured in accordance with the provisions of the Mortgage and all requirements of the Mortgage in respect of such insurance have been fulfilled (including, but not limited to, letters of undertaking from the insurance brokers, including confirmation notices of assignment, notices of cancellation and loss payable clauses acceptable to the Lenders); the main terms of such insurances (including the copies or drafts of the relevant insurance documents) to be provided to the Facility Agent at least 10 days prior to the Drawdown Date; c. classed in the highest classification and rating for vessels of the same age and type with its Classification Society without any outstanding recommendations and requirements; and d. operationally seaworthy and in every way fit for its intended service.