Bareboat Charter definition

Bareboat Charter means the bareboat charter agreement to be executed by the Effective Date by the Borrower as owner and the Charterer as bareboat charterer.

Bareboat Charter means the bareboat charter contract between an Owner and the Bareboat Charterer relating to a Vessel, in form and substance reasonably satisfactory to the Agent.

Bareboat Charter means the use of a Southsea Ventures Ltd vessel, as described on the front of this Agreement, for leisure use only. Any use of the Vessel for commercial gain is unacceptable.

Examples of Bareboat Charter in a sentence

• If cleared funds are not received before the commencement of the Bareboat Charter the Company will cancel the charter and the Customer will forfeit any monies paid.

• Words and expressions defined in the Bareboat Charter shall have the same meanings when used in this Guarantee unless the context otherwise requires.

• If the Customer can not comply with Clause 5.2 at the start of the Bareboat Charter, the Charter will be cancelled immediately and the Customer will forfeit the Charter fee.

• If any illegal substances are found on board the Vessel by the Company staff or agents the Company reserves the right to terminate the Bareboat Charter immediately.

• The Vessels berth at the Collection Port, or an alternative berth at that port, will always be available for use during the Bareboat Charter.

More Definitions of Bareboat Charter

Bareboat Charter means the contract for the lease or sub lease of a vessel for a stipulated period of time by virtue of which the charterer acquires full control and complete possession of the vessel, including the right to appoint the master and crew for the duration of the charter, but excluding the right to sell or mortgage the vessel; ‘foreign vessel’ means a vessel that is owned by a person who:

Bareboat Charter means the bareboat charter of the Ship by the Borrower as owner to the Member as bareboat charterer, entered into no later than the November 2023 Effective Date in a form of draft approved by the Facility Agent before the date of the November 2023 Amendment Agreement which, with the mutual agreement of the parties thereto, rescinds and replaces the bareboat charter dated 28 April 2023 and made between the Owner and the Charterer in respect of the Ship.

Bareboat Charter means the bareboat charterparty between the Collateral Rig Operator and the Collateral Rig Owner entered into from time to time, which shall provide that the rights of the Collateral Rig Operator in and to the Collateral Rig and the other Collateral shall be subordinated to the Lien of the Collateral Agent for the benefit of the Secured Creditors.

Bareboat Charter means any Bareboat Charter to which the Pledgor, as owner of the Collateral Rig, is a party.

Bareboat Charter. , in relation to a ship, means the hiring of a ship for a stipulated period on terms which give the charterer possession and control of the ship, including the right to appoint the master and crew and “bareboat charterer” shall be construed accordingly;

Bareboat Charter means the contract for the lease or sub-lease of a ship, hereinafter referred to as charter, for a stipulated period of time, by virtue of which the charterer shall acquire full control and complete possession of the ship, including the right to appoint her master and crew for the duration of the charter but excluding the right to sell or mortgage the ship;

Bareboat Charter means an arrangement for the hiring of a vessel without crew, where the charterer is responsible for appointing the crew and making other arrangements;