Registered Owner definition
Examples of Registered Owner in a sentence
The Charterer acknowledges that the Registered Owner has acquired or will acquire the Vessel under the Memorandum of Agreement and the Registered Owner and the Owners have entered into the Instalment Sale Agreement, in each case solely for the purposes of this Agreement.
No third party making any representation or warranty relating to the Vessel or Part is the agent of the Registered Owner, the Owners or any Finance Party nor has any such third party authority to bind any of the Registered Owner, the Owners or any Finance Party thereby.
Any change in flag will be at no cost and expense, and should not result in any increased risk, to the Owners, the Registered Owner or the Finance Parties.
Each Owner warrants that there shall be vested in the Charterer such title to the Vessel as was transferred to the Registered Owner by the Charterer pursuant to the Memorandum of Agreement and that the Vessel will (provided that the amounts referred to in Clause 22(a) have been paid in full) be free and clear of all Owner Liens.