Assignable Charter definition
Assignable Charter means any time charterparty, consecutive voyage charter or contract of affreightment in respect of a Ship of a duration (or capable of exceeding a duration) of 12 months or more or any bareboat charter entered into in accordance with Clauses 23.16 (Restrictions on chartering, appointment of managers etc.) and 23.19 (Charterparty Assignment).
Assignable Charter means, in relation to a Ship, any time charterparty, consecutive voyage charter or contract of affreightment in respect of such Ship having a duration (or capable of exceeding a duration) of 18 months or more and any guarantee of the obligations of the charterer under such charter or any bareboat charter in respect of that Ship (irrespective of its duration) and any guarantee of the obligations of the charterer under such bareboat charter, entered or to be entered into by the Owner which is the owner of that Ship and a charterer or, as the context may require, bareboat charterer and, in the plural, means all of them;
Assignable Charter means a Charter with an initial term or duration in excess of (or capable of exceeding, by virtue of any optional extension) 12 months;
Examples of Assignable Charter in a sentence
Any Initial Charter (being an Assignable Charter) in respect of any Ship is terminated (except in the case of a Total Loss of that Ship or by effluxion of time) and not replaced by a new charter (which shall include for the avoidance of doubt a binding recapitulation of terms) acceptable to the Facility Agent (acting on the instructions of the Majority Lenders) in its reasonable discretion within 60 days from the termination date of the relevant Initial Charter.
More Definitions of Assignable Charter
Assignable Charter means any Charter in respect of the Ship which has, or is capable of having, a duration equal to or exceeding 36 months (excluding any extension options).
Assignable Charter means any time charterparty (including any Approved Charter), consecutive voyage charter or contract of affreightment in respect of the Ship having a duration (or capable of exceeding a duration) of 12 months or more and any guarantee of the obligations of the charterer under such charter or any bareboat charter in respect of the Ship (irrespective of its duration) and any guarantee of the obligations of the charterer under such bareboat charter, entered or to be entered into by the Owner and a charterer or, as the context may require, bareboat charterer and, in the plural, means all of them.
Assignable Charter means, in relation to a Ship:
Assignable Charter means any time charterparty, consecutive voyage charter or contract of affreightment in respect of a Ship of a duration (or capable of exceeding a duration) of 13 months or more or any bareboat charter entered into in accordance with Clauses 22.16 (Restrictions on chartering, appointment of managers etc.) and 22.19 (Charterparty Assignment).
Assignable Charter means, in relation to a Ship, any time charterparty, consecutive voyage charter or contract of affreightment in respect of such Ship having a duration (or capable of exceeding a duration) equal or more than 12 months (including without limitation, any Initial Charter) and any guarantee of the obligations of the charterer under such charter or any bareboat charter in respect of that Ship and any guarantee of the obligations of the charterer under such bareboat charter, entered or to be entered into by the Owner which is the owner thereof and a charterer or, as the context may require, bareboat charterer and, in the plural, means all of them;
Assignable Charter means, in relation to a Vessel, any Charter relating to that Vessel the duration of which exceeds or is capable of exceeding, by virtue of any optional extensions, 13 months.
Assignable Charter means, in relation to a Ship, any time charterparty in respect of that Ship for a term of at least, or which by virtue of any option extensions is at least equal to, 12 months or any bareboat charterparty (including, without limitation, any Approved Charter), consecutive voyage charter or contract of affreightment in respect of such Ship of a duration (or capable of exceeding a duration) of 12 months or more and any guarantee of such charter or any bareboat charter in respect of that Ship and any guarantee of such bareboat charter, be entered into by the Borrower which is the owner thereof and a charterer or, as the context may require, bareboat charter and, in the plural, means all of them;