Charter Hire definition

Charter Hire means hire paid by the Charterer to the Borrower under the Charter;

Charter Hire means Basic Hire and Supplemental Hire under the applicable Demise Charter.

Charter Hire means Basic Hire and Supplemental Hire.

Examples of Charter Hire in a sentence

• In such event Charter Hire to be considered as earned and to be paid up to the date and time of such "Compulsory Acquisition".

• In such event Charter Hire to be considered as earned and to be paid up to the date and time of such “Compulsory Acquisition”.

• Where the Entered Ship is under time charter the period covered by this part of the Insurance shall commence at the time and date of the period for which Charter Hire ceases to be paid by the Entered Ship’s time charterers.

• The Association will be entitled to any Charter Hire in respect of the period for which a claim has been paid by the Association under this part of the Insurance which is received by the Owner after payment of the claim by the Association.

• If an Owner is entitled to claim Charter Hire from any time charterer for the period in respect of which the claim is made under this part of the Insurance the Association shall be entitled to exercise rights of subrogation in respect of such hire and the Owner shall assign its rights thereto to the Association.

More Definitions of Charter Hire

Charter Hire means the charter hire payable by Charterers for the use and possession of the Vessel payable at the times and in the amounts set forth on Schedule 1 attached hereto and made a part hereof.

Charter Hire has the meaning given to it in Clause 38 of this Charter;

Charter Hire means the charter hire payable by the Charterer for the use and possession of the Vessel payable at the times and in the amounts set forth on Schedule 1 attached hereto and made a part hereof.

Charter Hire means the daily charter hire payable in accordance with Clause 6 (Charter Hire).

Charter Hire means any amount of charter hire payable by the Charterer to an Owner under clause 44 (Charter Hire) of a Charter; “Greenwich Holdings Ltd” means a company incorporated and existing under the laws of Bermuda; “Guaranteed Obligations” Frontline Management set out in Clause 2.1 (a), (b) and (c) below; means each of those obligations of the Charterers and “Relevant Documents’’ means each of the Charters, the Charter Ancillary Agreement, the Management Agreements and the Administrative Services Agreement; “Subsidiaries” means each of the Charterer and Frontline Management; “Substitute Owner” means any Substitute Owner as defined in the Charter Ancillary Agreement. GUARANTEE Guarantee and indemnity. The Guarantor unconditionally and irrevocably: guarantees to each Beneficiary the fill and punctual performance of the obligations of the Charterer under the Charters and the Charter Ancillary Agreement and the due payment of all amounts payable by the Charterers under the Charters and the Charter Ancillary Agreement; provided, however, that this Guarantee shall not extend to the payment of Charter Hire; guarantees to each Beneficiary the full and punctual performance of the obligations of Frontline Management under the Management Agreements and the due payment of all amounts payable by Frontline Management under the Management Agreements, including, but not limited to, any amount payable under the off-hire indemnity given by 2

Charter Hire means the net charter hire under the Charters in the amount of USD 8.531,25 per Vessel per day.

Charter Hire means the lump sum fee paid to Demise Owner in consideration of Demise Owner’s Vessel-related costs that are typically either fixed or have low variability, and do not necessarily move in a linear fashion with vessel operations or utilization, excluding costs included in the calculation of Management Hire, limited to costs in consideration of: (i) the Vessel’s crew (payroll, payroll taxes, medical, benefits, travel, groceries, drug testing, crew consumables, personal safety equipment, and small tools), and (ii) insurance premiums (for COFR, Hull & Machinery, War Hull & Machinery, and P&I insurance premiums). During the Proving Period, Demise Owner shall provide in advance a monthly estimate of Charter Hire to Time Charterer for the upcoming month, and reconcile actual Charter Hire expenses on a monthly basis, in a manner materially similar to the process provided for in Section 10 pertaining to Reimbursement Hire. Charter Hire will be determined on the following basis: