Vessel Contract definition

Vessel Contract means a bareboat or time charter contract related to a Vessel.
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Vessel Contract means any charterparty, pool agreement or drilling contract in respect of any Vessel or other contract (including any back to back contracts) for use of any Vessel.¶
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Vessel Contract means a contract between Charterer and third Party under which Charterer undertakes to operate, carry out and to provide services using the Vessel.
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Examples of Vessel Contract in a sentence

  • At the ▇▇▇▇ ▇▇▇▇▇▇ requests any payment under the Contract, Buyer may require Seller to furnish evidence reasonably satisfactory to Buyer that no Liens of any kind have been acquired or may reasonably be expected to be acquired against the Vessel, Contract Work or Furnished Property.

  • Provided Purchaser is not in default as described in the DEFAULT OF PURCHASER AND CONTRACTOR'S REMEDIES Article 25, Purchaser may, by written notice to Contractor and prior to the expiration of the Option Period, purchase Option Vessel 1 on the terms and conditions of this Contract, at the price set forth in the PRICING Article 3, and with a Vessel Contract Delivery Date set forth in the STATEMENT OF WORK Article 1.

  • The Parent shall not, and shall not permit any Restricted Subsidiary (other than any Loan Party (other than the Parent)) to, be or become party to any Collateral Vessel Contract (including as a charterer of any Collateral Vessel) or otherwise hold the right to directly receive any Earnings attributable to any Collateral Vessel or any other Related Assets with respect to any Collateral Vessel.

  • Assignor is the Owner under that certain Construction Contract for Coastal Queen Class Vessel ("Contract") dated as of May 1, 1999, as amended, by and between Assignor and Atlantic Marine, Inc., a Florida corporation, as Shipyard, for the construction of two Coastal Queen Class vessels.

  • After all steel is received at the Shipyard, Builder shall prepare, and Builder and Owner shall execute, a Change Order reflecting such decrease or increase in the Per Vessel Contract Price for the Vessel affected.