Sub-Charter definition

Sub-Charter means any charterparty or contract of employment in respect of the Vessel entered into between the Charterers as disponent owners and any Sub-Charterers.

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Sub-Charter means the agreement signed between Charterer and CNOOC for sub-chartering of the Vessel by Charterer to CNOOC.”

Sub-Charter means: the Initial Sub-Charter; and any other charterparty in respect of the Vessel entered into between the Sellers (as disponent owners) and any Sub-Charterers which may have a duration of two (2) years or more (taking into account any option to renew or extend).

Examples of Sub-Charter in a sentence

• Without limitation, the Sub-Charterers will on request by the Head-Charterers additionally assign all their rights in the obligatory Insurances and the freights, hires or other earnings of the Vessel to the Head-Charterers, or to the Approved Mortgagee as assignee of the Head-Charterers’ rights under this Sub-Charter, as the Approved Mortgagee may require, as security for the performance by the Sub-Charterers of their obligations under this Sub-Charter and the Time Charter.

• Every notice or demand shall, except so far as otherwise required by this Sub-Charter, be deemed to have been received in the case of a telefax at the time of despatch thereof and in the case of a letter two (2) days after the posting of the same by prepaid local post or seven (7) days after the posting of the same by prepaid airmail post, as may be appropriate, and in the case of delivery by hand, on delivery.

• The Sellers warrant that the Vessel, at the time of delivery, is free from all charters (other than the Charter and any Sub-Charter), any Security Interest or any other debts whatsoever, and is absolutely free of all burdens in the nature of imposts, taxes or charges imposed by the governmental authorities of the People’s Republic of China (whether national or local).

• In such circumstances, the Head-Charterers shall indemnify the Sub-Charterers against any loss, damage or expense incurred by the Sub-Charterers (including hire paid under this Sub-Charter) as a direct consequence of such arrest or detention.

• The Sub-Charterers are to procure that all bills of lading issued for carriage of goods under this Sub-Charter shall contain a Paramount Clause incorporating any legislation relating to the carrier’s liability for cargo compulsorily applicable in the trade.

More Definitions of Sub-Charter

Sub-Charter means a wet lease-in by an air service operator (the lessee) from an air service operator in his, her or its own right (the lessor) on short notice and for a period not exceeding five consecutive days;

Sub-Charter means the time charterparty in respect of each Vessel entered into between the Charterer and the Sub-Charterers.

Sub-Charter means, any charterparty in respect of the Vessel entered into by the Charterers (as disponent owners) for the employment of the Vessel.

Sub-Charter means the agreement signed between Charterer and Sub-Charterer for sub-chartering of the Vessel to Sub-Charterer.

Sub-Charter means the agreement signed between FSRU Neptune Uruguay and GNLS for sub-chartering of the Vessel to GNLS.

Sub-Charter means the Certificate of Incorporation of Sub.

Sub-Charter means the Initial Sub-charter and any other sub-charter of the Vessel entered into or to be entered into from time to time with any Sub-charterer in accordance with the Core Leasing Provisions or otherwise acceptable to the Representative Owner and the Agent (acting on the instructions of all Lenders); “Sub-charter Breach” means: (i) the failure by any Sub-charterer to make payment of hire under the relevant Sub-charter; or (ii) any other breach by any Sub-charterer under the relevant Sub-charter; “Sub-charterer” means the Initial Sub-charterer and any other company complying with the Core Leasing Provisions or otherwise acceptable to the Representative Owner and the Agent (acting on the instructions of all Lenders) with whom the Charterer enters into a sub-charter in accordance with Clause 12 (Registration, Possession and Sub-Chartering); “Subsidiary” means: (i) in respect of a person incorporated or formed outside England and Wales, any company or entity directly or indirectly controlled by such person; and (ii) in respect of a person incorporated in England and Wales, a subsidiary within the meaning of section 1162 of the Companies Act 2006 (and in interpreting that provision for the purposes of this Agreement, a company is to be treated as a member of a subsidiary even if its shares are registered in the name of (i) a nominee or (ii) any party holding a Lien over those shares, or that secured party’s nominee);