New Ships definition

New Ships means a ship: .1 for which building contract is placed on or after 1 January 2013; or .2 in the absence of a building contract, the keel of which is laid or which is at a similar stage of construction on or after 1 July 2013; or .3 the delivery of which is on or after 1 July 2015." Interpretation: For application of the definition "new ships" specified in regulation 2.23 of MARPOL Annex VI to each Phase specified in table 1 of regulation 21 of MARPOL Annex VI, it should be interpreted as follows: .1 the date specified in regulation 2.23.1 of MARPOL Annex VI should be replaced with the start date of each Phase; .2 the date specified in regulation 2.23.2 of MARPOL Annex VI should be replaced with the date six months after the start date of each Phase; and .3 the date specified in regulation 2.23.3 of MARPOL Annex VI, should for Phase 1, 2 and 3 be replaced with the date 48 months after the start date of each Phase. With the above interpretations, the required EEDI of each Phase is applied to the following new ship which falls into one of the categories defined in regulations 2.25 to 2.31 of MARPOL Annex VI and to which chapter 4 of MARPOL Annex VI is applicable.
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New Ships means ships whose building contract, keel laid, or delivery is placed on or after the date of effective application, as per Article 3(2) of EU SRR.
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New Ships means, together, “STENA CONTEST” and “STENA CONCEPT”, and in the singular, means either of them;
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Examples of New Ships in a sentence

  • There is no agreement or understanding to allow or pay any rebate, premium, inducement, commission, discount or other benefit or payment (however described) to the Borrowers or any other member of the Group, the Builder or a third party in connection with the purchase by the Newbuild Owners of the New Ships, other than as disclosed to the Facility Agent in writing on or before the date of this Agreement.

  • In conjunction with the annual compensation cycle in the first quarter described above, the Northrop Grumman CEO approved the compensation actions for the New Ships NEOs below our President level.

  • The Borrower undertakes with the Lender to use each Standby Facility Advance only for the purposes of enabling the Borrower or other members of the Group to finance the acquisition of New Ships and the shares of New Companies.

  • Throughout the year, our President provided recommendations regarding the compensation of the New Ships NEOs (other than our President) to Northrop Grumman Management for their review and approval.

  • Following the spin-off, New Ships will be a separate company from Northrop Grumman, and Northrop Grumman will not retain any ownership interest in New Ships.


More Definitions of New Ships

New Ships means ships constructed on or after 01/07/1998; and
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New Ships means, together, "SIR IVOR", "LYNE" and "GAS NEMESIS" and in the singular means any of them;
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New Ships means the following ships:
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New Ships means together the Prosper Ship and the Zagora Ship and in the singular means either of them as the context may require;
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New Ships means the 4 newbuildings listed as Ships 3, 7, 8 and 9 in Schedule 6 which are to be acquired by the relevant Owner pursuant to the shipbuilding contract for that Ship and be registered on the flag indicated in relation to that Ship in Schedule 6;
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New Ships means together the Mandraki Ship and the Mykonos Ship and in the singular means either of them as the context may require.
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New Ships means, together, the Ships referred to in Schedule 3, Part B and in the singular means any of them, and when referred to by name means that Ship;
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