Classification Society definition

Classification Society or “Class” means the Society referred to in line 4.

Classification Society means, in relation to each Vessel, any IACS classification society which the Bank shall, at the request of the Borrower, have agreed in writing shall be treated as the classification society in relation to such Vessel for the purposes of the relevant Ship Security Documents;

Classification Society means the Society referred to above.

Examples of Classification Society in a sentence

• The Contractor must co-ordinate each test, trial and demonstration with all interested parties, including the Inspection Authority; Contracting and Technical Authorities; regulatory authorities; Classification Society; Sub-contractors; etc.

• A National Flag Society is a Classification Society which is domiciled in the same country as the owner of the vessel in question which must also operate under the flag of that country.

• Failure to comply may lead to cancellation of Order without any financial implications to the Purchaser.(b) The drawings shall be submitted to Inspecting Authority and or DGQA / NSM / GRSEL / Classification Society, as appropriate, within 4 weeks from the date of Order.(c) Wherever applicable, pilot sample shall be submitted to the authorities specified in the Purchase Order within 4 weeks from the date of Order.

• The Member must authorise the Association, for whatever purpose it may consider necessary, to receive information and to inspect and obtain documents relating to the class of the entered ship from a Classification Society with which the ship is or has been classed.

• V., etc.Specification: Survey, DQAN / CQAE, Classification Society.

More Definitions of Classification Society

Classification Society means, in respect of any Mortgaged Vessel, Bureau Veritas, the American Bureau of Shipping, Lloyd’s Register of Shipping, Det norske Veritas, or such other classification society that is a member of the International Association of Classification Societies (IACS) as selected by the Company that is reasonably acceptable to the Administrative Agent.

Classification Society means, in relation to a Ship, Det Norske Veritas or such other first-class vessel classification society that is a member of IACS that the Agent may, with the consent of the Lenders (such consent not to be unreasonably withheld), approve from time to time;

Classification Society means a member of the International Association of Classification Societies with whom the Vessels are entered and who conducted periodic physical surveys and/or inspections of the Vessels;

Classification Society means such classification society which is a member of IACS (other than the China Classification Society and the Russian Maritime Registry of Shipping) and which the Lender shall, at the request of the Borrower, have agreed in writing to be treated as the Classification Society for the purposes of the Finance Documents;

Classification Society means, in relation to a Ship, the classification society specified in respect of that Ship in Schedule 2 (Ship information) or another classification society approved by the Majority Lenders as its Classification Society, at the request of the relevant Owner. Code means the US Internal Revenue Code of 1986.

Classification Society means Lloyds Register of Shipping or such other classification society being a member of the International Association of Classification Societies (or any successor organisation) which the Agent shall, at the request of a member of the Group, have agreed in writing shall be treated as the Classification Society in relation to the Ship owned by such member whether for the purposes of the relevant Transaction Security Documents (if any) or otherwise.

Classification Society means, in relation to each Vessel, any IACS classification society which the Lenders shall, at the request of the Borrowers, have agreed in writing shall be treated as the classification society in relation to such Vessel for the purposes of the relevant Ship Security Documents;