Vessel definition
Examples of Vessel in a sentence
In exchange for prepayment of the above Fees and taxes the Authority grants, solely to the Licensee, on a term basis, to moor the Vessel as directed on property controlled by Authority and subject to the terms and conditions of this Agreement.
Alternatively, should Bidder be the successful bidder of the sale by auction of the Vessel, then the deposit shall continue to be held by Escrow Agent pursuant to the Sale Terms.
The Licensee agrees the Vessel must at all times be able to move under its own power, and that the Authority may reposition the Vessel on Authority property at any time and the Licensee shall assist when called upon.
The Licensee agrees to keep the Vessel insured (with $2,000,000 liability, wreck removal and sudden and accidental pollution coverage indemnifying the Port Authority and Her Majesty the Queen in right of Canada (the “Crown”), their employees, agents, and Small Craft Harbours, the province and the City of Port Alberni) at all times it is on Authority property and to provide to the Authority, within 2 days of demand, proof of such insurance.
The Licensee shall ensure the Vessel remains at all times clearly marked with the Vessel’s name, license/registration number and its emergency contact number.