Master Charter definition

Master Charter means the bareboat Amended and Restated Master Charter and -------------- Sale and Purchase Agreement for a Vessel, dated as of the Documentation Date, among Deepwater and the Charter Trustee, excluding both Charter Supplement No. 1 and Charter Supplement No. 2.
View Source
Master Charter means, in relation to each of the New Ships (including “BULK FOUR” after redelivery under its current time charterparty, but excluding “BULK THREE”), the master time charterparty dated 21 November 2005 and made between Metrostar as managing owner and the Charterer as time charterer, as novated in favour of the New Ship Owners pursuant to the Charter Novation Agreement;
View Source

Examples of Master Charter in a sentence

  • Accordingly, the transactions contemplated under the Master Service Agreement and the Master Charter Agreement constitute continuing connected transactions of the Company under Chapter 14A of the Listing Rules.

  • Accordingly, each of the Master Service Agreement and the Master Charter Agreement is subject to the annual reporting, annual review, announcement and Independent Shareholders’ approval requirements under Chapter 14A of the Listing Rules.

  • As each of the percentage ratios (other than the profit ratio) as defined under Chapter 14A of the Listing Rules in respect of the Master Charter Agreement is more than 0.1% but less than 5%, the entering of the Master Charter Agreement is subject to the reporting and announcement requirements but exempted from the independent Shareholders’ approval requirement under Chapter 14A of the Listing Rules.

  • Accordingly, the Directors consider that the internal control mechanism is effective to ensure that the transactions contemplated under the Master Charter Agreement has been and will be conducted on normal commercial terms and not prejudicial to the interests of the Company and the Shareholders as a whole.

  • The independent non-executive Directors would continue to review the transactions contemplated under the Master Charter Agreement and its auditors would also conduct an annual review on the pricing terms and annual caps thereof.

  • The relevant personnel and management of the Group will also conduct regular checks to review and assess whether the transactions contemplated under the Master Charter Agreement are conducted in accordance with the terms of the Master Charter Agreement and in accordance with the aforesaid pricing policy.

  • Save as disclosed, to the best of the Directors’ knowledge, information and belief, having made all reasonable enquiries, no other Shareholder has a material interest in the Master Service Agreement and the Master Charter Agreement and therefore no other Shareholder is required to abstain from voting at the EGM for the relevant resolutions.

  • If the Vessel becomes a constructive or compromised total loss under the insurances, this Charter shall terminate, but payment of Charter Hire shall continue until the underwriters or Charterer in the case of self-insurance remit to Owner the proceeds of said insurance, and Owner remits such proceeds to Cruise Holdings pursuant to the terms of the Master Charter.

  • Charterer agrees, at its expense, to drydock the Vessel for the purpose of cleaning and painting the Vessel's bottom when necessary and making any required repairs, inspections or surveys, but not less frequently than as required by the Master Charter or applicable classification society rules, and when drydocking is due, Charterer agrees to send the Vessel to a port where the Vessel can so drydock, clean and paint.

  • Charter Hire payments shall continue until receipt by Owner of an amount equal to the Casualty Value of the Vessel as defined in the Master Charter.