First Ship definition

First Ship means the first Ship to be sold and delivered to a Buyer;
Sample 1
First Ship means the Norwegian International flagged 1987 built 77,749 cu.m LPG carrier currently named “BXXXX XXXX” registered in the name of the Time Charterer with IMO Number 8519966 which is to be purchased by IBIS and registered in its name under the Bahamas flag with the same name;
Sample 1
First Ship. Mortgage shall mean (A) that certain Ship Mortgage dated February 22, 2002 on the vessel VICKSBURG executed by Australia to Agent on behalf of the Banks pursuant to which Australia mortgaged the VICKSBURG to the Banks to secure its obligations under this Agreement and under the Guaranty, and (B) that certain Ship Mortgage dated of even date herewith on the vessel ATWOOD SOUTHERN CROSS executed by Australia to Agent on xxxxlf of the Banks pursuant to which Australia mortgages the ATWOOD SOUTHERN CROSS to the Banks to secure its obligations under this Agreement and its Guaranty."
Sample 1

Examples of First Ship in a sentence

  • SECNAV Spencer Names New Expeditionary Sea Base,” Navy News Service, November 4, 2017; Sam LaGrone, “Spencer Names First Ship as SECNAV After Vietnam War Marine Miguel Keith,” USNI News, November 5, 2017.

  • John Lewis (TAO-205) Source: Cropped version of photograph accompanying National Steel and Shipbuilding Company, “General Dynamics NASSCO Launches First Ship in the T-AO Fleet Oiler Program for the U.S. Navy,” January 13, 2021.Note: Launching is when a ship that is under construction is put into the water for the final phases of its construction.

  • First Ship Lease Trust (the “Trust”) is a Singapore-domiciled business trust constituted pursuant to a Deed of Trust dated 19 March 2007 as amended and supplemented from time to time (the “Trust Deed”) with FSL Trust Management Pte.

  • Consequently, a Unitholder or a group of Unitholders acting in concert could obtain or consolidate effective control of First Ship Lease Trust and become obliged to make an offer under Rule 14 of the Take-over Code.

  • The Directors may impose such terms and conditions, which are not inconsistent with the Unit Buy-back Mandate and Clause 6A of the Trust Deed, as they consider fit in the interests of First Ship Lease Trust in connection with or in relation to an equal access scheme(s).

  • For the purposes of recording this First Ship --------- Mortgage as required by the __________________________________, as amended, the total amount of this Mortgage is (i) ______________________________________ and (ii) interest, Make-Whole Amount, if any, and performance of mortgage covenants.

  • John Lewis (TAO-205) Source: Cropped version of photograph accompanying National Steel and Shipbuilding Company, “ General Dynamics NASSCO Launches First Ship in the T-AO Fleet Oiler Program for the U.S. Navy,” January 13, 2021.Note: Launching is when a ship that is under construction is put into the water for the final phases of its construction.

  • The Trustee-Manager will use its best efforts to ensure that after a purchase of Units pursuant to the Unit Buy-back Mandate, the number of Units remaining in the hands of the public will not fall to such a level as to cause market illiquidity or adversely affect the orderly trading and listing status of the Units on the SGX-ST.Rule 723 of the Listing Manual requires First Ship Lease Trust to ensure that at least 10 per cent.

  • INTRODUCTION First Ship Lease Trust (“FSL Trust”) is a provider of leasing services on a bareboat charter basis to the international shipping industry.

  • Depending on the manner in which First Ship Lease Trust is able to fully carry out the Unit Buy-back Mandate, the Relevant Period may therefore be more than one (1) calendar or financial year.


More Definitions of First Ship

First Ship means the Ship which is first in time to be delivered;
Sample 1

Related to First Ship

  • Existing ship means a ship which is not a new ship.

  • Relevant Ship means the Ships and any other vessel from time to time (whether before or after the date of this Agreement) owned, managed or crewed by, or chartered to, any Relevant Party;

  • Bareboat Charter means the bareboat charter agreement to be executed by the Effective Date by the Borrower as owner and the Charterer as bareboat charterer.

  • Ship means a vessel of any type whatsoever operating in the marine environment and includes hydrofoil boats, air-cushion vehicles, submersibles, floating craft and fixed or floating platforms.

  • railway undertaking means any public or private undertaking licensed according to this Directive, the principal business of which is to provide services for the transport of goods and/or passengers by rail with a requirement that the undertaking ensure traction; this also includes undertakings which provide traction only;

  • Ship Mortgage shall have the meaning set forth for such term in the Intercreditor Agreement. Notice of Assignment ASSIGNMENT OF INSURANCE BY INTERNAL CHARTERERS Vantage Driller I Co. NOTICE OF ASSIGNMENT To Whom It May Concern: Vantage Driller IV Co., an exempted company incorporated with limited liability under the laws of the Cayman Islands (the “Assignor”), HEREBY GIVES NOTICE that by an Assignment, dated October 25, 2012, and made by the Assignor to Xxxxx Fargo Bank, National Association (the “Assignee”), as Pari Passu Collateral Agent (as defined under the Intercreditor Agreement defined below), the Assignor assigned to the Assignee all of the Assignor’s right, title and interest in and to all insurances and the benefit of all insurances heretofore, now or hereafter taken out in respect of the Panamanian flag vessel TOPAZ DRILLER and all proceeds thereof. This Notice and the attached Loss Payable Clauses are to be endorsed on all policies and certificates of entry evidencing such insurances.

  • New ship means a ship:

  • Shipbuilding Contract means the shipbuilding contract dated 30 March 2011 and made between the Builder and the Borrower for the construction by the Builder of the Ship and its purchase by the Borrower as supplemented and amended from time to time;

  • cargo ship means any ship which is not a passenger ship;

  • Construction Contract means the agreement(s) entered into between the Company and the Construction Contractor(s) for the design, engineering, procurement, construction, completion, start-up, testing, and Commissioning of the Facility, and also includes any amendment to such agreement(s) made from time to time;

  • U.S.-flag vessel means a vessel of the United States or belonging to the United States, including any vessel registered or having national status under the laws of the United States.

  • Vessel means the vessel/craft belonging to the Contractor for carrying out the work.

  • Mortgage Addendum means the addendum to the Mortgage in the agreed form.

  • Drop shipment means the sale of a prescription drug to a

  • CFA Charter means the charter earned through the Chartered Financial Analyst program prepared and administered by the CFA Institute and so named on the day this Instrument comes into force, and every program that preceded that program, or succeeded that program, that does not have a significantly reduced scope and content when compared to the scope and content of the first-mentioned program;

  • Flag means a piece of woven cloth or other material designed to be flown from a pole or mast.

  • Classification Society or “Class” means the Society referred to in line 4.

  • Approved Petroleum Engineer means any reputable firm of independent petroleum engineers as shall be selected by Borrower and approved by Administrative Agent, such approval not to be unreasonably withheld.

  • Charter Agreement means an agreement made in accordance with Section 53G-5-303 that authorizes the operation of a charter school.

  • Approved Petroleum Engineers means (a) Netherland, Xxxxxx & Associates, Inc., (b) Xxxxx Xxxxx Company Petroleum Consultants, L.P. and (c) any other independent petroleum engineers reasonably acceptable to the Administrative Agent.

  • International shipment means the transportation of hazardous waste into or out of the jurisdiction of the United States.

  • Charter Assignment means a specific assignment of each Extended Employment Contract required to be executed hereunder by any Borrower in favour of the Security Trustee (including any notices and/or acknowledgements and/or undertakings associated therewith) in such form as the Agent and the Majority Lenders may require in their sole discretion;

  • Foreign flag vessel means any vessel that is not a U.S.-flag vessel.

  • mortgage agreement ’ means the note or debt instrument and the mortgage instrument, deed of trust instrument, trust deed, or instru- ment or instruments creating the mortgage, including any instrument incorporated by ref- erence therein (including any applicable regu- latory agreement), and any instrument or agreement amending or modifying any of the foregoing;

  • existing vessel means a vessel which is not a new vessel;

  • Motorway means a road specially designed and built for motor traffic, which does not serve properties bordering on it, and which: