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.

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

• Not repudiate or terminate, nor permit the repudiation or termination of, the Ship Management Agreement or the Sub-Charter nor, without the prior written consent of the Owners (such consent not to be unreasonably withheld), amend or vary the terms of, or permit or suffer any material amendment or variation of the terms of, the Ship Management Agreement or the Sub-Charter without the Owners' consent.

• 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).

• 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.

• The Charterers shall not, during the duration of this Charter, without the prior written consent of the Owners, take any vessel on charter or other contract of employment (or agree to do so) except for vessels chartered in by the Charterers on a temporary basis to be provided to any Sub-Charterers in order to fulfil its obligations under the relevant Sub-Charter (in circumstances where the Vessel is not available for whatever reason).

• Provided that there is a requirement of CNOOC in the Sub-Charter Period for training the Chinese operator to operate the Vessel as an FSRU, Owner will in good faith enter into discussion with CNOOC with the aim to arrange, in cooperation with CNOOC, for such training (including but not limited to training procedures, necessary facilities, and location).

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 the Certificate of Incorporation of Sub, as the same may be amended.

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

Sub-Charter means, in relation to the Vessel, any present and future time charterparty or contract of affreightment entered into between the Charterer as disponent owner and any Sub-Charterer in accordance with Clause 42.1.16.

Sub-Charter means any sub-charter for a Vessel for which the Delivery for that Vessel is or may fall during its charter period (always excluding the Bareboat Charterparties) such term to always include any sub-charter for a Vessel entered into after the date of this Master Agreement and which is still being performed on Delivery of that Vessel;

Sub-Charter means the bareboat charter dated 01 June 2018 between the Charterer (as disponent owner) and the Sub-Charterer (as charterer);