Sailaway Date definition
Examples of Sailaway Date in a sentence
In addition, to the Early Termination Payment, Charterer shall pay Owner’s Demobilization Costs in accordance with the provisions of Clause 25.2, except that Charterer shall only pay Owner’s Demobilization Costs under Clause 17.1(i) if the FPSO has left the Owner’s conversion yard or other shore-side location (where the FPSO Work was being carried out) for the FPSO Site, or is actually on location at the FPSO Site, after the Sailaway Date.
From and after the Sailaway Date, there shall be included under the Protection and Indemnity Insurance or the Marine Hull and Machinery Insurance or other insurance, a separate limit of of voluntary removal of debris coverage, which shall apply if Charterer reasonably determines that the wreck or debris from the FPSO interferes with Charterer’s current or expected operations or wreck or debris from the FPSO subjects Charterer to potential liability or damage.
The documentation for this engagement will be retained for a minimum of five years after the report release or for any additional period requested by the Administrator.
The Person engaged by Owner to supervise and cause the FPSO Work and the Services to be satisfactorily performed prior to the Sailaway Date.