Charterers definition

Charterers means any future charterers of the Vessel notified to the Managers pursuant to Clause 5.3;
Charterers as used in the Agreement shall mean each of TECO Barge Line and TECO Ocean. As used in the TBL Charter, “Charterer” shall mean TECO Barge Line. As used in the TOS Charter, “Charterer” shall mean TECO Ocean.
Charterers means any charterers of any of the Vessels from time to time.

Examples of Charterers in a sentence

Charterers have the right to work during excepted periods, such time used not to count as lay time.

Insurance policies shall cover the Owners and the Charterers according to their respective interests.

The Charterers will not suffer, nor permit to be continued, any lien or encumbrance incurred by them or their agents, which might have priority over the title and interest of the Owners in the Vessel.

The Charterers are to procure that all repairs to or replacement of any damaged, worn or lost parts or equipment be effected in such manner (both as regards workmanship and quality of materials) as not to diminish the value of the Vessel.

The Owners or the Charterers as the case may be shall immediately furnish the other party with particulars of any additional insurance effected, including copies of any cover notes or policies and the written consent of the insurers of any such required insurance in any case where the consent of such insurers is necessary.


More Definitions of Charterers

Charterers means the Company and Torm Singapore.
Charterers means the party stated in Box 4.
Charterers. Assignment” means the deed of assignment executed or to be executed (as the case may be) by the Charterers in favour of the Owners in relation to certain of the Charterers’ rights and interest in and to the (a) Earnings, (b) Insurances, (c) Requisition Compensation and (d) any Sub-Charter.
Charterers means Marathi Owners Inc., a corporation incorporated under the laws of the Republic of the Marshall Islands whose registered address is at Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands MH96960;
Charterers means Fronape and Transpetro;
Charterers means each of the Initial Charterer and the Subsequent Charterer and "CHARTERER" means each of them;
Charterers. Any of the following approved parties, or any other agreed to by Seller and Buyer- CNR, Shell, Koch, Stena, BP, Morgan Stanley, ST Shipping (Glencore), Scorpio, Repsol, Trafigura, Petrobras, Navig8, Valero, Norden, Cargill, Total, Vitol, Clearlake Shipping (Gunvor), Exxon, Mercuria, Chevtex, ENI, Nobal, Statoil, Reliance, Unipec, Philips 66, PetrochinaForm of the Charter PartyInternational Standard Form such as Shell time, etc and including sanctions language in Schedule 6Charter Hire – at market levels as determined using the BCTI Daily FFA rate assessments for the same size vessel for the MRTCE route, but not below Vessel breakeven (to be defined as the aggregate of Vessel operating expenses, principal payments and interest expense) SCHEDULE 6 SANCTIONS LANGUAGE FOR PERMITTED CHARTER PARTIES Trading of the Vessel shall be always within IWL safely afloat excluding Cuba, ports in the Mediterranean Sea east of 34 Degrees East longitude and South of 34 Degrees North Latitude , Liberia, Orinoco River and Haiti, North Korea, Viet Nam, Kampuchea, Syria, Libya, Iraq, Iran, Nicaragua, Albania, Yugoslavia and former Yugoslavian Countries, Somalia, Cyprus, C.I.S. (Russian) Pacific Ports, Gulf of Aqaba and all ports east of a line drawn between Port Said and Iskenderun (however Port Said and Iskenderun are to be included in allowable trading ranges, Gulf of Aden, those countries prohibited by the country of the vessel’s flag, any area(s) and/or country(ies) banned and/or boycotted by the U.N. and/or U.S. and/or EU and/or UK and/or war or war-like zones. Owners agree to trade to Finland, however, it is understood and agreed that regarding trading to Finland, the Vessel is intended to be a member of Pan Hellenic Seaman’s Union Agreement (Pan Hellenic Seaman’s Federation); however, notwithstanding Clause No. 2, Charterers shall indemnify and defend Owners/Operators/Vessel for any and all delays, expenses, fines and/or penalties as result of trading to or from Finland and all time shall continue to count as on-hire. If any of the above country(ies) are deemed at any future date by the Charterers and Owners to be politically and economically feasible to trade with, without hardship to either party, and without breaching sanctions and/or restrictions imposed by the UN, EU, flag state or other authority the parties shall seek to agree a mutually acceptable basis upon which to resume such trading. In a similar manner, if any included country(ies) or trading rang...