Vessel definition
Examples of Vessel in a sentence
For the avoidance of doubt, such commission shall also apply, mutatis mutandis, when the Vessel is purchased or sold through the transfer of shares or other ownership interests in the entity that owns, directly or indirectly, such Vessel, or through a bareboat charter or other arrangement which has an economic effect substantially similar to a purchase or sale of a Vessel.
The Owners may at any time after giving reasonable notice to the Managers inspect the Vessel for any reason they consider necessary.
Any delays resulting from negotiation with or replacement of any member of the Crew as a result of the Vessel being ordered to such an area shall be for the Owners' account.
Any days used by the Managers’ personnel travelling to or from or attending on the Vessel or otherwise used in connection with the Management Services in excess of those agreed shall be charged in accordance with Box 16.
Subject to the terms and conditions herein provided, during the period of this Agreement the Managers shall carry out the Management Services in respect of the Vessel as agents for and on behalf of the Owners.