Examples of Security Vessels in a sentence
Auxiliary Naval Vessels like Offshore Patrol Vessels (OPVs), Security Vessels, Border Outposts, Cadet training ships, Missile Vessels, Vessels for Littoral combat &fast attack crafts.
Contractor management will ensure compliance with this requirement as well as host nation requirements, Transportation Security Administration and 33 CFR, Chapter 1, Coast Guard, Department of Homeland Security, Subchapter H, Part 104 – Maritime Security: Vessels.
The Issuer shall procure that the Vessel Managers operate the Security Vessels in accordance with good industry standards and in accordance with the relevant Vessel Management Agreements and in compliance with the terms hereof and the Transaction Security Documents.
The Issuer shall remain the sole owner (directly or indirectly) of the Vessel Owners and ensure that the Vessel Owners shall continue to directly hold legal title to and own the entire beneficial interest in the respective Security Vessels, except if disposed of in a Permitted Disposal.
Each of the Security Vessels shall be adequately insured against (A) Hull & Machinery risks at least covering 100% of the Market Value of such Security Vessel (B) third party liability as per industry standards (P&I), (C) war risk (including expropriation risk) as per industry standards, and (D) any additional insurances required under law or any charter contract.
Investments and capital expenditures The Issuer shall not, and shall procure that no other Group Company will, make any investments or capital expenditures, other than solely related to (i) the ownership in and operation of the Security Vessels, (ii) Permitted Chartering-In and (iii) the acquisition of Additional Vessels.
It is inevitable that the APTR leads to a degree of horizontal inequity, but none of the inequities complained of is so gross as to render it unreasonable.
First priority general assignment of all earnings of the Security Vessels and, on request of the Lender, first priority specific assignment of all rights and benefits under all charter or employment contracts (wording and counterpart under such contracts to be acceptable to the Lender) exceeding 12 months of duration.
Affected PopulationThis proposed rule would affect owners and operators of U.S.-flagged vessels subject to 33 CFR part 104 (Maritime Security: Vessels), facilities subject to 33 CFR part 105 (Maritime Security: Facilities), and OCS facilities subject to 33 CFR part 106 (Marine Security: Outer Continental Shelf (OCS) Facilities).
VESSEL CHARTERINGPacific Silverline has also developed a professional procurement team capable of handling all logistics and vessel management services for the IOCs, which includes but not limited to provision of various sea-going vessels ranging from Crew Boats, Security Vessels, Anchor Handling Tug Supply Vessels, Platform Supply Vessels and different types of Barges.