Confirmation Memorandum definition
Examples of Confirmation Memorandum in a sentence
The provisions of the Master Time Charter party and the Confirmation Memorandum shall, save as amended by this Agreement, continue in full force and effect.
The ***** are stipulated in Article 6 of the Confirmation Memorandum.
In the event of a conflict between this Agreement and the Master Time Charter Party and/or the Confirmation Memorandum, this Agreement shall prevail.
This daily hire rate applicable for all Charter extension periods is stipulated in Article 6 of the Confirmation Memorandum.
The Parties agree that the terms of this Agreement shall be covered by the terms of the Master Time Charter party and the Confirmation Memorandum and based hereon, all clauses of the Master Time Charter party shall apply to this Agreement (mutatis mutandis) as if set out herein.
It is a condition of the Owners’ consent to any such mortgage that the Owners shall procure that the relevant mortgagee executes a letter of quiet enjoyment in favour of the Charterers in the form included in the Confirmation Memorandum as Annex B.
Capitalized terms in this Confirmation Memorandum have the same meaning given to them in the MSA.
Termination of this MSA or any Confirmation Memorandum, regardless of cause, will be without prejudice to any rights or remedies that have accrued prior to the time of such termination, and any provisions of this MSA or a Confirmation Memorandum necessary for the exercise of accrued rights or remedies will survive the expiry or termination of this MSA or a Confirmation Memorandum for the period required.
Neither this MSA nor a Confirmation Memorandum create any rights or benefits in any Person or entity, or create a duty, standard of care, or liability to any Person other than the Parties signatory to this MSA and each respective Confirmation Memorandum.
Unless otherwise specified in a Confirmation Memorandum, delivery of LNG will be deemed complete, and title to and risk of loss of LNG delivered will pass from Seller to Buyer, as the LNG passes the Delivery Point.