Common use of Appointment of Managers Clause in Contracts

Appointment of Managers. With effect from the day and year of delivery of the Vessel to the Owners pursuant to a Memorandum of Agreement between Owners and 1320 Tanker Corporation dated September 20, 2005 and continuing unless and until terminated as provided herein, the Owners hereby appoint the Managers and the Managers hereby agree to act as the Managers of the Vessel.

Appointment of Managers. With effect from the day and year of delivery of the Vessel to the Owners pursuant to a Memorandum of Agreement between Owners and 1320 Third Aframax Tanker Corporation dated September 20, 2005 and continuing unless and until terminated as provided herein, the Owners hereby appoint the Managers and the Managers hereby agree to act as the Managers of the Vessel.

Appointment of Managers. With effect from the day and year of delivery of the Vessel to the Owners pursuant to a Memorandum of Agreement between Owners and 1320 Ninth Aframax Tanker Corporation dated September 20, 2005 and continuing unless and until terminated as provided herein, the Owners hereby appoint the Managers and the Managers hereby agree to act as the Managers of the Vessel.

Appointment of Managers. With effect from the day and year of delivery of the Vessel to the Owners pursuant to a Memorandum of Agreement between Owners and 1320 1321 Tanker Corporation dated September 20, 2005 and continuing unless and until terminated as provided herein, the Owners hereby appoint the Managers and the Managers hereby agree to act as the Managers of the Vessel.

Appointment of Managers. With effect from the day and year of delivery of the Vessel to the Owners pursuant to a Memorandum of Agreement between Owners and 1320 Sargasso Tanker Corporation dated September 20, 2005 and continuing unless and until terminated as provided herein, the Owners hereby appoint the Managers and the Managers hereby agree to act as the Managers of the Vessel.

Appointment of Managers. With effect from the day and year of delivery of the Vessel to the Owners pursuant to a Memorandum of Agreement between Owners and 1320 Tenth Aframax Tanker Corporation dated September 20, 2005 and continuing unless and until terminated as provided herein, the Owners hereby appoint the Managers and the Managers hereby agree to act as the Managers of the Vessel.

Appointment of Managers. With effect from the day and year of delivery of the Vessel to the Owners pursuant to a Memorandum of Agreement between Owners and 1320 Tanker Regency Tankers Corporation dated September 20, 2005 and continuing unless and until terminated as provided herein, the Owners hereby appoint the Managers and the Managers hereby agree to act as the Managers of the Vessel.