Examples of Vessel 1 in a sentence
Indemnity from Vessels for Damages Caused by the Negligence of the Vessel 1.
Identification Details of Vessel 1) on (contractual delivery date).
Liability for loss or damage as set out in paragraphs 1, 2, and 3 below which arises from collision of the Insured Vessel with another ship or vessel, but only if and to the extent that such liability is not covered by the hull insurances of the Insured Vessel: 1.
Similar to Vessel 1, vessels in this days absent category are generally not very reliant on groundfish fishery revenue— the typical vessel obtains 20% of their total revenue from groundfish.
Vessel 1 spends less than 5 days absent fishing in the groundfish fishery, vessel 2 spend between 20 and 50 days per year, and vessel 3 spends more than 160 days per year.
Vessel 1 earned approximately $8,000 per year on groundfish trips over FY2016- FY2018, on average.
The above transactions closed on January 15th, 2021, and the acquisition of SC Vessel 1, LLC’s interest in OGE closed on January 19th, 2021.
Second-priority legal assignment of contracts dated on or about the date hereof in respect of the Construction Contract, certain of the Refund Guarantees and the Construction Risks Insurance (each as defined in each Term Loan Credit Agreement) in favour of the Collateral Agent as security trustee on behalf of the Term Loan Creditors (the “Term Loan Vessel 1 Assignment of Contracts”).
Vessel 2 represents one of the most common vessel categories, and similar to Vessel 1, monitoring costs as a percentage of revenue is estimated to increase from around 3% to 18% under 100% ASM coverage ($4,000 and $24,000, respectively Figure 8).
For Vessel 1, estimated monitoring costs as a proportion of revenue is the highest of our three example vessels.