Newbuilding definition

Newbuilding means a new ship under construction or just completed.

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Newbuilding means each newbuilding that has been, or will be, ordered or that is in the process of being constructed for any member of the Group during the Facility Period.

Newbuilding means a new ship under construction or just completed. “STCW 95” means the International Convention on Standards of Training, Certification and Watchkeeping for Seafarers, 1978, as amended in 1995 or any subsequent amendment thereto.

Examples of Newbuilding in a sentence

• Any descriptions of the terms of the MoAs, the Newbuilding Contracts, the Charters and the Credit Facilities, as applicable, that are contained in the Registration Statement, the General Disclosure Package and the Prospectus are accurate and fair in all material respects.

• Any required consent in connection with the transactions contemplated by any MoA, any Newbuilding Contract, any charter (the “Charters”) or any credit facility or loan agreement (“Credit Facilities”) to which the Company or any of its Subsidiaries is a party has been obtained.

• The Lender shall, on the terms set forth herein, make the Facility available to the Borrower to cover expected shortfall of financing under the Newbuilding Programme and for working capital purposes.

• The representations, warranties, covenants and obligations of CMA CGM in or under this Agreement (except for Sections 7.1 and 10.2 hereof), and in or under any documents, instruments and agreements delivered pursuant to this Agreement (including, without limitation, the Initial Asset Newbuilding MOA), will survive the completion of the transactions contemplated hereby and will continue in full force and effect for a period of one year from the applicable Closing Date.

• Not later than 30 days, or such shorter period as the Agent may agree to, prior to the date of this Agreement, one or more valuation(s) of the Newbuilding Vessel addressed to the Agent from an Approved Shipbroker certifying the Market Value for the Newbuilding Vessel, acceptable to the Agent.

More Definitions of Newbuilding

Newbuilding means the 180,000 dwt capesize bulk carrier which is being constructed by the Builder with Builder’s Hull No. 1172 and which is to be purchased by, Nostos under the Newbuilding MOA and to be registered on the Panamanian flag with a name to be decided;

Newbuilding means a new ship under construction or just completed. ​

Newbuilding means the particular Newbuilding to which the Advance relates.

Newbuilding means a 70,500 dwt crude/product tanker vessel known as Hull No. 1099 to be constructed by the Builder in accordance with the provisions of the Contract and to be registered on Delivery in the ownership of the Ocean Borrower through the Registry under the laws and flag of the Flag State;

Newbuilding means a vessel under the heading “Vessel” in Schedule 1 until the Drawdown Date for the relevant Tranche

Newbuilding. …………………………………………………… means a dry cargo vessel or tanker vessel that has

Newbuilding means each vessel listed at items 7 to 10 of Schedule 5 (Ships, Owners, Accounts, Classification and Approved Flag Details) which is to be constructed by the relevant Builder for, and purchased by, the relevant Owner under the relevant Shipbuilding Contract and upon delivery registered in the name of the relevant Owner under an Approved Flag and in the plural means any or all of them.