Common use of Appointment and Authorisation Clause in Contracts

Appointment and Authorisation. The Owner hereby appoints the Manager and the Manager hereby agrees to act as manager of the Vessel as from the Effective Date on the terms and conditions set forth in this Agreement. The Manager is authorised to act on behalf of the Owner in all matters pertaining to the everyday marketing, technical and operations management of the Vessel and Administrative Services, and in all such other matters as fall within the Scope of Work, but subject to Instruction from Owner from time to time, or in respect of which the Manager is specifically autthorised. Provided always that notwithstanding anything in this Agreement to the contrary, the Manager has in all cases a right and obligation immediately to perform such acts as cannot be postponed in order to safeguard the interests of the Owner or avert danger to life and health or damage to the Vessel, other property or the environment. In the performance of this Agreement, the Manager shall be authorized to perform the services and to do all such things or take all such actions related to such performance in accordance with technical and commercial industry standards. Manager is under no circumstances authorized to mortgage or otherwise encumber the Vessel, as security for loans or other amounts due. To the extent permitted by law, the Manager will take all reasonable measures to avoid creating liens on the Vessel for services or necessaries, which are not the responsibility of Owner. The Manager shall, in all cases in accordance with agreed and established sound management practice in respect of such rigs and by an organization properly staffed with well qualified personnel, have the management responsibility to manage the Vessel commercially, technically and operationally and perform day-to-day Administrative Services,

Appointment and Authorisation. The Owner hereby appoints the Manager and the Manager hereby agrees to act as manager of the Vessel as from the Effective Date on the terms and conditions set forth in this Agreement. The Manager is authorised to act on behalf of the Owner in all matters pertaining to the everyday marketing, technical and operations management of the Vessel and Administrative Services, and in all such other matters as fall within the Scope of Work, but subject to Instruction instruction from Owner from time to time, or in respect of which the Manager is specifically autthorisedauthorised. Provided always that notwithstanding anything in this Agreement to the contrary, the Manager has in all cases a right and obligation immediately to perform such acts as cannot be postponed in order to safeguard the interests of the Owner or avert danger to life and health or damage to the Vessel, other property or the environment. In the performance of this Agreement, the Manager shall be authorized to perform the services and to do all such things or take all such actions related to such performance in accordance with technical and commercial industry standards. Manager is under no circumstances authorized to mortgage or otherwise encumber the Vessel, as security for loans or other amounts due. To the extent permitted by law, the Manager will take all reasonable measures to avoid creating liens on the Vessel for services or necessaries, which are not the responsibility of Owner. The Manager shall, in all cases in accordance with agreed and established sound management practice in respect of such rigs and by an organization properly staffed with well qualified personnel, have the management responsibility to manage the Vessel commercially, technically and operationally and perform day-to-day Administrative Services,.

Appointment and Authorisation. The Owner hereby appoints the Manager and the Manager hereby agrees to act as manager of the Vessel as from the Effective Date on the terms and conditions set forth in this Agreement. The Manager is authorised to act on behalf of the Owner in all matters pertaining to the everyday marketing, technical and operations management of the Vessel and Administrative Services, and in all such other matters as fall within the Scope of Work, but subject to Instruction instruction from Owner from time lime to time, or in respect of which the Manager is specifically autthorisedauthorised. Provided always that notwithstanding anything in this Agreement to the contrary, the Manager has in all cases a right and obligation immediately to perform such acts as cannot be postponed in order to safeguard the interests of the Owner or avert danger to life and health or damage to the Vessel, other property or the environment. In the performance of this Agreement, the Manager shall be authorized to perform the services and to do all detail such things or take all such actions related to such performance in accordance with technical and commercial industry standards. Manager is under no circumstances authorized to mortgage or otherwise encumber the Vessel, as security for loans or other amounts due. To the extent permitted by law, the Manager will take all reasonable measures to avoid creating liens on the Vessel for services or necessaries, which are not the responsibility of Owner. The Manager shall, in all cases in In accordance with agreed and established sound management practice in respect of such rigs and by an organization properly staffed with well qualified personnel, have the management responsibility to manage the Vessel commercially, technically and operationally and perform day-to-day Administrative Services,.

Appointment and Authorisation. The Owner hereby appoints the Manager and the Manager hereby agrees to act as manager of the Vessel as from the Effective Date on the terms and conditions set forth in this Agreement. The Manager is authorised to act on behalf of the Owner in all matters pertaining to the everyday marketing, technical and operations management of the Vessel and Administrative Services, and in all such other matters as fall within the Scope of Work, but subject to Instruction instruction from Owner from time to time, or ar in respect of which the Manager is specifically autthorised. authorised, Provided always that notwithstanding anything in this Agreement to the contrary, the Manager has in all cases a right and obligation immediately to perform such acts as cannot be postponed in In order to safeguard the interests of the Owner or avert danger to life and health or damage to the Vessel, other property or the environment. In the performance of this Agreement, the Manager shall be authorized to perform the services and to do all such things or take all such actions related to such performance in In accordance with technical and commercial industry standards. Manager is under no circumstances authorized to mortgage or otherwise encumber the Vessel, Vessel as security for loans or other amounts due. To the extent permitted by law, the Manager will take all reasonable measures to avoid creating liens on the Vessel for services or necessaries, which are not the responsibility of Owner. , The Manager shall, in all cases in accordance with agreed and established sound management practice in respect of such rigs and by an organization properly staffed with well qualified personnel, have the management responsibility to manage the Vessel commercially, technically and operationally and perform day-to-day Administrative Services,. 3. SCOPE OF WORK: ADMINISTRATIVE SERVICES 3.1. Finance / Treasury

Appointment and Authorisation. The Owner hereby appoints the Manager and the Manager hereby agrees to act as manager of the Vessel as from the Effective Date on the terms and conditions set forth in this Agreement. The Manager is authorised to act on behalf of the Owner in all matters pertaining to the everyday marketing, technical and operations management of the Vessel and Administrative Services, and in all such other matters as fall within the Scope of Work, but subject to Instruction instruction from Owner from time to time, or in respect of which the Manager is specifically autthorisedauthorised. Provided always that notwithstanding anything in this Agreement to the contrary, the Manager has in all cases a right and obligation immediately to perform such acts as cannot be postponed in order to safeguard the interests of the Owner or avert danger to life and health or damage to the Vessel, other property or the environment. In the performance of this Agreement, the Manager shall be authorized to perform the services and to do all ail such things or take all such actions related to such performance in accordance with technical and commercial industry standards. Manager is under no circumstances authorized to mortgage or otherwise encumber the Vessel, as security for loans or other amounts due. To the extent permitted by law, the Manager will take all reasonable measures to avoid creating liens on the Vessel for services or necessaries, which are not the responsibility of Owner. The Manager shall, in all cases in accordance with agreed and established sound management practice in respect of such rigs and by an organization properly staffed with well qualified personnel, have the management responsibility to manage the Vessel commercially, technically and operationally and perform day-to-day Administrative Services,.

Appointment and Authorisation. The Owner hereby appoints the Manager and the Manager hereby agrees to act as manager of the Vessel as from the Effective Date on the terms and conditions set forth in this Agreement. The Manager is authorised to act on behalf of the Owner in all matters pertaining to the everyday marketing, technical and operations management of the Vessel and Administrative Services, and in In all such other matters as fall within the Scope of Work, but subject to Instruction instruction from Owner from time to time, or in respect of which the Manager is Is specifically autthorisedauthorised. Provided always that notwithstanding anything in this Agreement to the contrary, the Manager has in all cases a right and obligation immediately to perform such acts as cannot be postponed in order to safeguard the interests of the Owner or avert danger to life and health or damage to the Vessel, other property or the environment. In the performance of this Agreement, the Manager shall be authorized to perform the services and to do all such things or take all such actions related to such performance in accordance with technical and commercial industry standards. , Manager is under no circumstances authorized to mortgage or otherwise encumber the Vessel, as security for loans or other amounts due. To the extent permitted by law, the Manager will take all ail reasonable measures to avoid creating liens on the Vessel for services or necessaries, which are not the responsibility of Owner. , The Manager shall, in all cases in accordance with agreed and established sound management practice in respect of such rigs and by an organization properly staffed with well qualified personnel, have the management responsibility to manage the Vessel commercially, technically and operationally and perform day-to-day Administrative Services,.