Atlantic Basin definition
Atlantic Basin means the North Atlantic Ocean, Caribbean Sea and the Gulf of Mexico bounded to the east by longitude twenty (20) degrees west, to the south by latitude ten (10) degrees north, and to the north by latitude forty five (45) degrees north.1
Atlantic Basin means the North Atlantic Ocean, Caribbean Sea and the Gulf of Mexico bounded to the east by longitude twenty (20) degrees west, to the south by latitude ten (10) degrees north, and to the north by latitude forty five (45) degrees north.
Examples of Atlantic Basin in a sentence
However it is it is acknowledged by the Parties that the place of dry dock will be a result of current Charterers trading and Owners shall be under no obligation to dry dock the vessel in the Atlantic Basin.
Owners will work with current Charterers to attempt to have the dry dock occur in the Atlantic Basin as per Charterers preference.
Today, many of the larger MR vessels trade in the Atlantic Basin, carrying ULSD to South America or gasoline from Europe to the U.S., while the smaller MR (<45,000dwt) and Handysize vessels engage in more regional intra-Europe, intra-Middle East and intra-Asia trade (note that the definition of a small MR vessel and a large Handysize can be the same in deadweight tonne capacity, depending on source).