Time Charter definition

Time Charter means the hire of a Vessel by which the charterer obtains possession and control of the Vessel for an agreed period of time or an agreed voyage.

Time Charter means the time charter party between Owners as owners and Stena Bulk AB (the "Time Charterers") as charterers effective attached hereto as Annex 1. "Agreement" means Part I, Part II, including Additional Clauses 21-31 as well as Annex 1.

Time Charter means, in relation to each Ship, the time charter made or to be made between the Bareboat Charterer and the Time Charterer in respect of such Ship;

Examples of Time Charter in a sentence

• Time Charter Equivalent Earnings = Gross freight income less bunker, commissions and port expenses.

• Time Charter Equivalent, or TCE, is a measure of the average daily revenue performance of a vessel on a per voyage basis.

• Consistent with general practice in the shipping industry, we use Time Charter Equivalent ("TCE") income as a measure to compare revenue generated from a voyage charter to revenue generated from a time charter.

• Time Charter Equivalent rate, Adjusted EBITDA, Adjusted net income/(loss) and Adjusted earnings/(loss) per share are non-GAAP measures.

• The terms of the main Pool Participation Agreement shall prevail if a conflict should arise in the interpretation of the terms of the main Pool Participation Agreement and the terms of the Time Charter Party.

More Definitions of Time Charter

Time Charter means, in respect of each Vessel, the time charterparty entered into by the Borrower and the Charterer or such other time charterparty entered into from time to time in respect of a Vessel in accordance with this Agreement.

Time Charter means in respect of the Vessel, the time charter dated 18 December 2007 between the Borrower and the Time Charterer.

Time Charter means the time charter agreement in respect of the Ship dated on or about the date hereof and entered into between the Guarantor and the Time Charterer;

Time Charter means the time charter for the Vessel between Borrower and Charterer dated February 11, 2013.

Time Charter means, in relation to a Ship, a time charter party in respect of that Ship in Agreed Form between the Borrower that owns that Ship as owner and the Time Charterer as charterer, the terms of which shall include, among other things, a charter period of not less than 5 years and a daily hire rate of not less than $15,500;

Time Charter means the Original Time Charter as novated by the Time Charter Novation Agreement and as further amended and supplemented pursuant to Addendum No. 2 dated April 2003 and including any extensions and replacement thereof pursuant to the terms thereof and including any other time charter(s) approved by the Lessor pursuant to clause 25.6;

Time Charter means Charter Contract for a specified period longer than six months when executed rather than one or more voyages.