Examples of Seacommercial in a sentence
Furthermore, any existing or other form of termination fee(s) or compensation due to Seacommercial contained within the respective Brokerage Agreements shall become null and void.
No amendments have been made to the Advertising Signage Guidelines, Outdoor Eating Guidelines, and Booking Temporary Banner Display Guidelines.
Any Junior Combination Note at any time while it is outstanding may in accordance with the provisions of Clause 3.1 (Junior Combination Notes) of the Trust Deed be exchanged in whole or in part for the principal amounts of Class J1 Notes and Class J2 Notes represented by its Components (together but not separately) in the proportions of 99 per cent.
Mr. Michael Bodouroglou, the Company's Chairman, President, Chief Executive Officer and Interim Chief Financial Officer, is the sole shareholder and Managing Director of Seacommercial.
The agreements provided for (i) a fee equal to 1.25% of the gross freight, demurrage and charter hire collected from the employment of our vessels; and (ii) a fee equal to 1.0% calculated on the price as stated in the relevant memorandum of agreement for any vessel bought or sold on our behalf.For the years ended December 31, 2016 and 2015, the amount charged by Seacommercial under the agreement amounted to $0.2 million and $0.6 million, respectively.
Effective January 2, 2015, we and Allseas mutually agreed to terminate a portion of the services that were provided by Allseas under the terms of the original management agreements, which were taken over by Seacommercial, on substantially similar terms, as discussed further below.
Management of Our Fleet and Agreements with Allseas and Seacommercial Allseas, a Liberian corporation based in Athens, Greece, was formed in 2000 as a ship management company and is wholly- owned by our Chairman, President, Chief Executive Officer and Interim Chief Financial Officer, Mr. Michael Bodouroglou.
Seacommercial, a Liberian company based in Athens, Greece, was formed in 2014 and is wholly- owned by Mr. Bodouroglou.
For additional information regarding the above-referenced agreements, and other agreements that we have with Allseas, Seacommercial and other affiliated companies, please see “Item 7.
Daily gross charter rates do not reflect commissions payable by us to third party chartering brokers and Seacommercial, totaling 6.5% for Box Trader, 5% for Box Hong Kong and Box China, 4.75% for Box Voyager, CMA CGM Kingfish, Box Marlin, Box Queen and Box Emma, and 2.50% for Maule, including, in each case, 1.25% to Seacommercial.