Applicable Vessel definition
Applicable Vessel means (a) with respect to the First Funding, the Bossa Nova Spirit Vessel and (b) with respect to the Second Funding, the Sertanejo Spirit Vessel.
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Related to Applicable Vessel
Tank vessel means a ship that is constructed or adapted to carry, or that carries, oil in bulk as cargo or cargo residue, and that:
U.S.-flag vessel means a vessel of the United States or belonging to the United States, including any vessel registered or having national status under the laws of the United States.
Passenger vessel means any boat, ship, vessel, barge, or other floating craft of any kind carrying passengers for compensation.
Covered vessel means a tank vessel, cargo vessel, or passenger vessel.
Fleet Vessels means all of the vessels (including, but not limited to, the Ships) from time to time wholly owned by members of the Group (each a “Fleet Vessel”);