Examples of Bareboat Agreement in a sentence
Venture Drilling AS has a long term valid Bareboat Agreement under Norwegian law, court proceedings are taken place in Oslo at the latest stage.
The Group has a bareboat agreement with Indian Ocean Ship Management Services and Tuna Fishing Company whereby revenue is recognised on a quarterly basis based on the calculation defined in the Amendment to Bareboat Agreement signed on 16 March 2017.
You may delegate any of these duties to any person holding a valid Royal Yachting Association International Certificate of Competency (the “ICC”) or a NauticEd Sailing License & Credentials (the “SLC”), however You retain sole responsibility for the Vessel during the term of the Bareboat Agreement.
You agree that the Vessel shall be employed exclusively as a pleasure Vessel for the sole and proper use of You and members of Your party during the term of the Bareboat Agreement and shall not transport merchandise, nor carry passengers for pay or hire, nor engage in any trade, nor in any way violate the laws of the United States of America, or any other government within whose jurisdiction the Vessel may be at any time and shall comply with the law in all other respects.
This agreement and any attachments and Waivers shall constitute the entire Bareboat Agreement between You and Operator, including but not limited to your heirs, executors, administrators, insurers, or assignees.
You have full authority and responsibility regarding the operation of the Vessel for the term of the Bareboat Agreement.
You agree to permit the Operator to charge the credit card provided in the amount of per gallon of fuel used for the duration of the Bareboat Agreement unless You fill the Vessel’s tank for fuel used prior to the expiration of the Bareboat Agreement.
You agree to accept the Vessel delivered as herein provided and to pay all running expenses during the term of the Bareboat Agreement.
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W/8858073/v3Permission for temporary amendments and waivers under the Material DocumentsThe general undertaking in clause 13.10 (Material Documents) of the existing Terms and Conditions shall be amended to allow the parties under the Bareboat Agreement and the Mooring Licence Agreement to agree on temporary amendments and waivers under such agreements with effect to and including 31 December 2020.