Option Vessels definition

Option Vessels means each of the newbuilding vessels described in the Option Agreement.
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Option Vessels means each of the 298,000 deadweight tonnage newbuilding vessels to be constructed by Dalian Shipbuilding Industry Co. Ltd. with hull numbers T3000-35 and T3000-36.
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Option Vessels means each of the 298,000 dwt newbuilding vessels to be constructed by Dalian Shipbuilding Industry Co. Ltd., hull numbers T3000-35 and T3000-36, for delivery on or before June 30, 2010 and June 30, 2011 respectively.
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Examples of Option Vessels in a sentence

  • After issuing a draft determination as required by section 90(1) of CCA, the ACCC invited submissions on the draft determination.

  • The Directors, including the independent non-executive Directors, are of the view that the terms of the Option Shipbuilding Contract were concluded after arm’s length negotiations under normal commercial terms and are fair and reasonable and in the interest of the Company and the Shareholders as a whole.Payment of the consideration under the Option Shipbuilding Contract will be made in stages in accordance with the progress of the construction of the Option Vessels.

  • Option Vessels In connection with the IPO of Navios Midstream, Navios Acquisition granted options to Navios Midstream, initially exercisable until November 18, 2016, to purchase seven VLCCs (two of which, the Nave Celeste and the C.

  • Option Vessels We have options, exercisable through November 18, 2018, to purchase the following three VLCCs from Navios Acquisition at fair market value.

  • The contract price for the construction of the eight Option Vessels will be satisfied by the internal resources of the Group and/or through external financing.

  • Option Vessels: Navios Midstream has options expiring on November 18, 2018 to acquire the Nave Buena Suerte, the Nave Neutrino and the Nave Electron from Navios Acquisition.

  • Payment of the consideration under the Option Shipbuilding Contracts will be made in stages in accordance with the progress of the constructions of the Option Vessels.

  • Given that the contract price for the eight Option Vessels to be constructed under the Option Contracts was determined after arm’s length negotiations between the parties and with reference to the market prices for the construction of new vessels of similar size in the open market as determined by the Directors.

  • The words “where possible” should be removed from draft clause 5.5.73.

  • Given that the contract price for the two Option Vessels to be constructed under the Option Contracts was determined after arm’s length negotiations between the parties and with reference to the market prices for the construction of new vessels of similar size in the open market as determined by the Directors.


More Definitions of Option Vessels

Option Vessels means, in respect of the First Option, the First Option Vessels and, in respect of the Second Option, the Second Option Vessels.
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Option Vessels have the meanings given to them in the Recitals.
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Related to Option Vessels

  • Public vessel ’ means a vessel owned or bareboat chartered and operated by the United States, by a State or political subdivision thereof, or by a foreign nation, except when such vessel is engaged in commerce;

  • foreign vessel means any vessel other than a coastal vessel.

  • Coastal vessel means any vessel exclusively employed in trading between any port or place in India to any other port or place in India having a valid coastal license issued by the competent authority.

  • 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.

  • Delivery vessel means tank trucks or trailers equipped with a storage tank and used for the transport of gasoline from sources of supply to stationary tanks of gasoline dispensing facilities.

  • Commercial vessel means any vessel not owned and operated by the United States military or the United States Coast Guard.

  • Passenger vessel means any boat, ship, vessel,

  • Fleet Vessels means all of the vessels (including, but not limited to, the Ships) from time to time wholly owned by members of the Group (each a “Fleet Vessel”);

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

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

  • storage vessel means a pressure vessel as defined in the Regulations for Pressure Vessels made under the Occupational Health and Safety Act;

  • Covered vessel means a tank vessel, cargo vessel, or passenger vessel.

  • Recreational vessel means a vessel—

  • pleasure vessel means any vessel which at the time it is being used:

  • Tank vessel means a ship that is constructed or adapted to carry, or that carries, oil in bulk as cargo or cargo residue, and that:

  • Vessels shall have the meaning set forth in the recitals.

  • The Vessel means the vessel named in Box 5 and with particulars as stated in Boxes 6 to 12.

  • Foreign-going vessel means any vessel other than coastal vessel.

  • co-operative society means a body registered in India under the Co-operative Societies Act, 1912;

  • foreign fishing vessel means any fishing vessel other than a local fishing vessel;

  • Cargo vessel means a self-propelled ship in commerce, other than a tank vessel or a passenger vessel, three hundred or more gross tons, including but not limited to, commercial fish processing vessels and freighters.

  • 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;

  • 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.

  • Mortgaged Vessel means, at any relevant time, any Vessel which is at such time subject to a Mortgage and a Vessel shall, for the purposes of this Agreement, be regarded as a Mortgaged Vessel as from the date on which the Mortgage of that Vessel has been executed and registered in accordance with this Agreement until whichever shall be the earlier of (i) the payment in full of the amount required to be paid to the Agent pursuant to clause 4.3 or 4.5 following the Total Loss or sale respectively of such Vessel and (ii) the end of the Facility Period;

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

  • fishing vessel means a vessel used for catching fish, whales, seals, walrus or other living resources of the sea;