Commercial Managers definition
Examples of Commercial Managers in a sentence
Senior Divisional Commercial Manager's office, South Central Railway, Vijayawada.
Commercial Managers shall be entitled to exercise and discharge such privileges and duties hereunder as are normally consistent with proper commercial management of the Vessel.
The Borrower agrees that it will use its reasonable commercial efforts to obtain each Technical Manager's and Commercial Manager's consent to the relevant Assignment of Management Agreement within three (3) months after the Borrowing Date.
The Owners shall pay all sums due to the Commercial Managers punctually in accordance with the terms of this Agreement.
The Borrower shall cause the Commercial Managers to remain the commercial manager of the Vessels and to continue to be commercial manager of the Vessels and there shall be no change to such commercial management without the prior written consent of the Agent, except to the extent compliance with local law applicable to the waters where a Vessel is employed may otherwise require.
The Commercial Managers undertake, should hire payments and other income under the Charter be credited to their account as above, to remit every month to Owners any and all hire and other income received under the Charter by the Commercial Managers on behalf of Owners, less any and all expenses incurred by the Commercial Managers which relate to the performance of the Services hereunder and are for the Owners’ account.
Research and assessment of market conditions Conducting a thorough assessment of the market on specific issues, seeking the possible employment of the Vessel based on constant contacts of the Commercial Managers with their brokering and chartering connections and generally, carrying out worldwide market research and providing consultancy services as the Owners may from time to time specifically require.
The Commercial Managers shall via a monthly report keep the Owners informed of all relevant information regarding the Vessel and the performance of the Services which the Owners may, acting reasonably, specify from time to time.
Failing resolution within 5 Business Days, the dispute must then be escalated to Supplier A's and Supplier B's Account Managers specified in paragraph I.4.c above and formally notified to Transport’s Commercial Manager(s).
The Borrower shall procure that the Commercial Managers shall remain the commercial manager of the Vessels and shall continue to be commercial manager of the Vessels and there shall be no change to such commercial management without the prior written consent of the Agent.