Appointment of Managers. 2.1. From the Effective Date and continuing, unless and until terminated as provided herein, the Owners hereby appoint the Managers and the Managers hereby agree to act as managers of the Vessel. 2.2. Subject to the terms and conditions contained herein, during the period of this Agreement, the Managers shall carry out the Management Services as agents for and on behalf of the Owners. The Managers shall have authority to take such actions as they may from time to time consider necessary to enable them to perform their duties and obligations as set out in this Agreement in accordance with first class LNG ship management practice within the limits of authority delegated to them hereunder.
Appears in 8 contracts
Samples: Ship Management Agreement, Ship Management Agreement (GasLog Partners LP), Ship Management Agreement (GasLog Partners LP)