Charterparty definition
Charterparty means, in relation to a Ship, any charterparty in respect of that Ship of a duration exceeding or capable of exceeding 12 months, made on terms and with a charterer acceptable in all respects to the Lenders;
Charterparty means any time or bareboat charterparty or contract of affreightment, agreement or related document in respect of the employment of the Vessel whether now existing or hereinafter entered into by the Borrower or any person, firm or company on its behalf for a period of twelve (12) months or more with a charterer, at a daily rate and on terms and conditions reasonably acceptable to the Lender (and shall include any addenda thereto);
Charterparty means, in relation to each Ship, the Initial Charterparty or the Future Charterparty in respect of that Ship;
Examples of Charterparty in a sentence
To evidence such delivery, the Charterer shall thereupon execute and deliver the Charterparty Supplement to the Representative Owner.
During Pre-Commencement Period the Borrower shall, on request from the Agent at intervals not more frequent than every two months, inform the Agent about any employment of the Vessel which is not the Charterparty, including, inter alia, the name of the charterer, hire rate and contract duration.
Pursuant to the Charterparty a quiet enjoyment letter will be required from the Lenders for the duration of the charter, subject to form and substance being satisfactory to the Lenders (in their sole discretion, acting reasonably).
More Definitions of Charterparty
Charterparty means any bareboat charterparty or any time charterparty in respect of a Ship of a duration (or capable of being or exceeding a duration) of 11 months or more, made on terms and with a charterer acceptable in all respects to the Lenders, such acceptance not to be unreasonably withheld;
Charterparty means each of the time charterparty(ies), bareboat charterparty(ies) or other contracts of employment (as the case may be) made between a Borrower (as owner) and the relevant Charterers for the charter of the Vessels.
Charterparty or "Charterparties" means collectively, all time, voyage or consecutive voyage charters, contracts of affreightment, transportation contracts or other contracts or arrangements from time to time entered into under this Agreement in respect of Agreement Vessels;
Charterparty means in respect of the Vessel, a time charterparty entered or to be entered by the Owner thereof, as owner and a charterer acceptable to the Bank which Charterparty exceeds or is capable of exceeding twelve (12) months in duration and on terms and conditions in all respects acceptable to be Bank (and shall include any addenda thereto);
Charterparty means the charterparty to be entered into between the Buyers and the Charterer in respect of the Vessel before the date of delivery of the Vessel under this Agreement in the form set out in Appendix A hereto.
Charterparty means, in relation to each Ship, any time charterparty in relation to that Ship (including, without limitation, any Approved Charter in relation to that Ship) for a duration exceeding 11 months (or having an unexpired duration exceeding, or capable of exceeding, 11 months) and any guarantee of such charter or any bareboat charter in respect of that Ship to be entered into by the Borrower owning that Ship and a charterer and, in the plural, means all of them;
Charterparty means, in the case of a Ship, any time charterparty in respect of that Ship (including, without limitation, an Approved Charter) for a duration exceeding 11 months (or having an unexpired duration exceeding, or capable of exceeding, 11 months) and any guarantee of such charter or any bareboat charter in respect of that Ship to be entered (in the case of a bareboat charter, in accordance with Clause 14.17(b)) into by the Borrower which is the owner of that Ship and a charterer and, in the plural, means all of them;