Tanker Contract definition
Examples of Tanker Contract in a sentence
The cost of such insurance or premiums shall be a Pool Expense, if not borne by the charterer, receiver or shipper under the respective Tanker Contract.
The second payment of $144,524 due to the Seller by Boeing in respect of non-recurring engineering under the Tanker Contract has not yet been invoiced nor paid.
Where a third party has made a claim under a Tanker Contract by way of set off against hire/freight or other amounts payable by it and the applicable Participant would be liable to indemnify TCL were such a claim made against TCL by way of a payment demand, then such Participant shall pay such amounts to TCL necessary to make up such set off.
Equally, where a claim is made by a third party against one Participant in respect of another Participant’s Tanker by way of set off and for which the first Participant is liable under the Tanker Contract, the second Participant shall make good such deduction.