Tankers International Pool definition

Tankers International Pool means the Tankers International tanker pool governed by a pooling agreement entered into in January 2000 (as amended and supplemented from time to time) made between the participants in the pool and Tankers International LLC of ▇▇▇▇▇ ▇▇▇▇▇, ▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇ ▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇.
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Tankers International Pool means the pool of very large crude carriers (VLCC) and V-Plus vessels operated by Tankers International LLC as commercial managers and known as the “Tankers International Pool”;
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Tankers International Pool means the Tankers International tanker pool governed by Tankers International Limited with its registered office at ▇▇ ▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇ ▇▇▇ ▇▇▇, ▇▇▇▇▇▇ ▇▇▇▇▇▇▇. "Tax" means any tax, levy, impost, duty or other charge or withholding of a similar nature (including any penalty or interest payable in connection with any failure to pay or any delay in paying any of the same). "Tax Deduction" has the meaning given in Clause 23.5 (Tax Deduction). "Term Loan" means the Newbuild Loan or the Upsize Loan. "Term SOFR" means the term SOFR reference rate administered by CME Group Benchmark Administration Limited (or any other person which takes over the administration of that rate) for the relevant period published (before any correction, recalculation or republication by the administrator) by CME Group Benchmark Administration Limited (or any other person which takes over the publication of that rate). "Third Parties Act" has the meaning given in Clause 37.4 (Third Party rights). "Total Commitments" means the aggregate of the Total Revolving Commitments, the Total Newbuild Commitments and the Total Upsize Commitments, being $377,000,000 at the date of this Agreement. "Total Loss" means, in relation to a Ship: (a) actual, constructive, compromised, agreed or arranged total loss of that Ship;
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Examples of Tankers International Pool in a sentence

  • Promptly upon the occurrence of any event that would result in a material change to the description contained in Schedule C, or upon the entry of a Vessel into any Pool other than, or withdrawal from, Tankers International Pool or Aframax International Pool, OIN shall inform the Company of such change and shall provide an updated Schedule C.

  • Schedule C sets forth a description of the method used by Tankers International Pool and Aframax International Pool in determining the amount of pool earnings that are allocated to vessels Operated in a Pool, and OIN represents and warrants the accuracy of the description in Schedule C as of the date hereof.

  • The above speed and consumption rates shall be adjusted in accordance with, and always be subject to any changes made to the Tankers International pool key, provided the vessel continues to trade in the Tankers International Pool.

  • The Borrower will not enter into any agreement or arrangement for the sharing of any Earnings other than pursuant to a pooling agreement relating to the Tankers International Pool.

  • During this phase, Euronav may gradually withdraw the Ships from the VL8 pool and employ the Ships under time charter from the respective Owner Guarantor to Euronav NV in order for the Ship to be employed in the Tankers International Pool.

  • It is Euronav’s intention to employ, as soon as commercially practicable, all of the Gener8 vessels, on the spot market, including within the Tankers International Pool, a leading spot market-oriented VLCC pool in which other shipowners with vessels of similar size and quality participate along with us.

  • The Participant specifically understands and agrees that the shares of Company Stock, if and when issued upon exercise of the Option, may be “restricted securities,” as that term is defined in Rule 144 under the 1933 Act and, accordingly, the Participant may be required to hold the shares indefinitely unless they are registered under such Act or an exemption from such registration is available.