Container Vessel definition

Container Vessel means any ocean-going vessel (whether in its construction phase or operational) that is intended to be used primarily to transport containerized cargoes.

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Container Vessel means a self-propelled ocean-going vessel constructed or adapted primarily to carry uniformly sized ocean freight containers.

Container Vessel means a vessel fitted for the carriage of Containers whether below or above deck, including all lashing equipment required for the proper securing of Containers on board;

Examples of Container Vessel in a sentence

SECTION 2.2 The parties hereto acknowledge and agree that offering a charter to a Container Vessel owned, directly or indirectly, by the Company meeting the criteria for such charter pursuant to Section 2.1 is subject to the relevant charterer agreeing to enter into such charter with the Company’s subsidiary owning such Container Vessel, failing which the relevant charter shall remain available to the relevant Container Vessel so owned or managed by KK and no offer under Section 2.1 shall be made.
SECTION 2.2 The parties hereto acknowledge and agree that offering a charter to a Container Vessel owned, directly or indirectly, by the Company meeting the criteria for such charter pursuant to Section 2.1 is subject to the relevant charterer agreeing to enter into such charter with the Company’s subsidiary owning such Container Vessel, failing which the relevant charter shall remain available to the relevant Container Vessel so owned or managed by KZ and no offer under Section 2.1 shall be made.
SECTION 3.1 During the Restricted Period, KZ shall not, subject to Section 3.2, directly or indirectly, engage in (a) the ownership of any interest in any Container Vessel or (b) the ownership of any interest in any Container Vessel Business (together, (a) and (b) are defined as the “Competitive Activities”).
SECTION 4.1 In the event KK acquires or intends to acquire any ownership interest in a Container Vessel or in a Container Vessel Business that would be a Competitive Activity (any of the foregoing, a “Container Vessel Opportunity”), KK shall comply, at his option, with the procedures set forth in Section 4.2 or Section 4.3 (as applicable).
SECTION 4.1 In the event KZ acquires or intends to acquire any ownership interest in a Container Vessel or in a Container Vessel Business that would be a Competitive Activity (any of the foregoing, a “Container Vessel Opportunity”), KZ shall comply, at his option, with the procedures set forth in Section 4.2 or Section 4.3 (as applicable).
SECTION 3.1 During the Restricted Period, KK shall not, subject to Section 3.2, directly or indirectly, engage in (a) the ownership of any interest in any Container Vessel or (b) the ownership of any interest in any Container Vessel Business (together, (a) and (b) are defined as the “Competitive Activities”).

More Definitions of Container Vessel

Container Vessel means a vessel designated to carry refrigerated and unrefrigerated containers;

Container Vessel means an ocean-going vessel, having a capacity larger than 1,000 teu (twenty foot equivalent units), specifically constructed to transport containerized cargo.

Container Vessel means a vessel in which the containers are loaded either below the deck or above deck and shall also include container oriented vessels handling cargo in break bulk form.