Common use of Buyers’ representatives Clause in Contracts

Buyers’ representatives. After this Agreement has been signed by the Parties and the Deposit has been lodged, the Buyers have the right to place two (2) representatives on board the Vessel at their sole risk and expense. These representatives are on board for the purpose of familiarisation and in the capacity of observers only, and they shall not interfere in any respect with the operation of the Vessel. The Buyers and the Buyers’ representatives shall sign the Sellers’ P&I Club’s standard letter of indemnity prior to their embarkation.

Appears in 10 contracts

Samples: Memorandum of Agreement (DryShips Inc.), Memorandum of Agreement (DryShips Inc.), Memorandum of Agreement (DryShips Inc.)

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Buyers’ representatives. After this Agreement has been signed by the Parties both parties and the Deposit deposit has been lodged, the Buyers have the right to place two (2) representatives on board the Vessel at their sole risk and expense. expense upon arrival at to be agreed on or about to be agreed These representatives are on board for the purpose of familiarisation and in the capacity of observers only, and they shall not interfere in any respect with the operation of the Vessel. The Buyers and the Buyers' representatives shall sign the Sellers’ P&I Club’s standard ' letter of indemnity prior to their embarkation.

Appears in 6 contracts

Samples: First Original (General Maritime Ship Holdings LTD), First Original (General Maritime Ship Holdings LTD), First Original (General Maritime Ship Holdings LTD)

Buyers’ representatives. After this Agreement has been signed by the Parties both parties and the Deposit deposit has been lodged, the Buyers have the right to place two 3 (2three) representatives on board the Vessel at their sole risk and expense. expense upon arrival at on or about These representatives are on board for the purpose of familiarisation and in the capacity of observers observes only, and they shall not interfere in any respect with the operation of the Vessel. The Buyers and the Buyers’ representatives shall sign the Sellers’ P&I Club’s standard letter of indemnity prior to their embarkation. One Buyers Superintendent to be allowed to attend the physical delivery/taking over.

Appears in 6 contracts

Samples: Memorandum of Agreement (Box Ships Inc.), Memorandum of Agreement (Box Ships Inc.), Memorandum of Agreement (Box Ships Inc.)

Buyers’ representatives. After this Agreement has been signed by both parties, the Parties deposit lodged and the Deposit has been lodgedfinal subject cleared, the Buyers have the right to place two (2) representatives on board the Vessel at their sole risk and expense. expense upon arrival at to be agreed on or about to be agreed These representatives are on board for the purpose of familiarisation and in the capacity of observers only, and they shall not interfere in any respect with the operation of the Vessel. The Buyers and the Buyers’ representatives shall sign the Sellers’ P&I Club’s standard letter of indemnity prior to their embarkation.

Appears in 6 contracts

Samples: Memorandum of Agreement (Top Tankers Inc.), Memorandum of Agreement (Top Tankers Inc.), Memorandum of Agreement (Top Tankers Inc.)

Buyers’ representatives. After this Agreement has been signed by the Parties and the Deposit has been lodged, the Buyers have the right to place two (2) representatives on board the Vessel at their sole risk and expense. These representatives are on board for the purpose of familiarisation and in the capacity of observers only, and they shall not interfere in any respect with the operation of the Vessel. The Buyers and the Buyers' representatives shall sign the Sellers' P&I Club’s 's standard letter of indemnity prior to their embarkation.

Appears in 5 contracts

Samples: Loan Agreement, Loan Agreement (Hemen Holding LTD), Loan Agreement (Hemen Holding LTD)

Buyers’ representatives. After this Agreement has been signed by the Parties both parties and the Deposit deposit has been lodged, the Buyers have the right to place two (2) representatives on board the Vessel at their sole risk and expense. expense upon arrival at_____________on or about___________________ These representatives are on board for the purpose of familiarisation and in the capacity of observers only, and they shall not interfere in any respect with the operation of the Vessel. The Buyers and the Buyers' representatives shall sign the Sellers’ P&I Club’s standard ' letter of indemnity prior to their embarkation.

Appears in 4 contracts

Samples: Memorandum of Agreement (Mc Shipping Inc), Memorandum of Agreement (Mc Shipping Inc), Memorandum of Agreement (Mc Shipping Inc)

Buyers’ representatives. After this Agreement agreement has been signed by the Parties both parties and the Deposit deposit has been lodged, the Buyers have the right to place two (2) representatives on board the Vessel at their sole risk and expense. These representatives representative are on board for the purpose of familiarisation and in the capacity of observers only, and they shall not interfere in any respect with the operation of the Vessel. The Buyers and the Buyers’ representatives shall sign the Sellers’ P&I Club’s standard letter of indemnity prior to their embarkation.

Appears in 3 contracts

Samples: Memorandum of Agreement (StealthGas Inc.), StealthGas Inc., StealthGas Inc.

Buyers’ representatives. After this Agreement has been signed by the Parties both parties and the Deposit deposit has been lodged, the Buyers have the right to place two (2) representatives on board the Vessel at their sole risk and expense. expense upon arrival at last loading port on or about These representatives are on board for the purpose of familiarisation and in the capacity of observers only, and they shall not interfere in any respect with the operation of the Vessel. The Buyers and the Buyers’ representatives shall sign the Sellers’ P&I Club’s standard letter of indemnity prior to their embarkation.

Appears in 3 contracts

Samples: Head Agreement (Oceanfreight Inc.), Memorandum of Agreement (Oceanfreight Inc.), Memorandum of Agreement (Oceanfreight Inc.)

Buyers’ representatives. After this Agreement has been signed by the Parties both parties and the Deposit deposit has been lodged, the Buyers have the right to place two (2) representatives on board the Vessel at their sole risk and expense. expense upon arrival at ______ on or about ______ These representatives are on board for the purpose of familiarisation and in the capacity of observers only, and they shall not interfere in any respect with the operation of the Vessel. The Buyers and the Buyers' representatives shall sign the Sellers’ P&I Club’s standard ' letter of indemnity prior to their embarkation.

Appears in 3 contracts

Samples: Memorandum of Agreement (DryShips Inc.), Memorandum of Agreement (DryShips Inc.), Memorandum of Agreement (DryShips Inc.)

Buyers’ representatives. After this Agreement has been signed by the Parties both parties and the Deposit deposit has been lodged, the Buyers have the right to place two (2) representatives on board the Vessel at their sole risk and expense. expense upon arrival at on or about _____ These representatives are on board for the purpose of familiarisation and in the capacity of observers only, and they shall not interfere in any respect with the operation of the Vessel. The Buyers and the Buyers' representatives shall sign the Sellers’ P&I Club’s standard ' letter of indemnity prior to their embarkationembarkatio`n.

Appears in 2 contracts

Samples: Memorandum of Agreement (DryShips Inc.), DryShips Inc.

Buyers’ representatives. See clause 21 After this Agreement has been signed by the Parties and the Deposit has been lodged, the Buyers have the right to place two (2) representatives on board the Vessel at their sole risk and expense. These representatives are on board for the purpose of familiarisation and in the capacity of observers only, and they shall not interfere in any respect with the operation of the Vessel. The Buyers and the Buyers’ representatives shall sign the Sellers’ P&I Club’s standard letter of indemnity prior to their embarkation.

Appears in 2 contracts

Samples: Memorandum of Agreement (Nordic American Offshore Ltd.), Memorandum of Agreement (Nordic American Offshore Ltd.)

Buyers’ representatives. After this Agreement has been signed by the Parties both parties and the Deposit deposit has been lodged, the Buyers have the right to place two (2) representatives on board the Vessel at their sole risk and expense. These representatives are on board for the purpose of familiarisation and in the capacity of observers only, and they shall not interfere in any respect with the operation of the Vessel. The Buyers and the Buyers’ representatives shall sign the Sellers’ P&I Club’s standard letter of indemnity prior to their embarkation.

Appears in 2 contracts

Samples: Memorandum of Agreement (Baltic Trading LTD), Memorandum of Agreement (Baltic Trading LTD)

Buyers’ representatives. See clause 21 After this Agreement has been signed by the Parties and the Deposit has been lodged, the Buyers have the right to place two (2) representatives on board the Vessel at their sole risk and expense. These representatives are on board for the purpose of familiarisation and in the capacity of observers only, and they shall not interfere in any respect with the operation of the Vessel. The Buyers and the Buyers’ representatives shall sign the Sellers’ P&I Club’s standard letter of indemnity prior to their embarkation.

Appears in 2 contracts

Samples: Memorandum of Agreement (Nordic American Offshore Ltd.), Memorandum of Agreement (Nordic American Offshore Ltd.)

Buyers’ representatives. After this Agreement has been signed by the Parties both parties and the Deposit deposit has been lodgedlodged and all subjects have been lifted, the Buyers have the right to place two (2) representatives on board the Vessel at their sole risk and expense. expense upon arrival at on or about These representatives are on board for the purpose of familiarisation and in the capacity of observers only, and they shall not interfere in any respect with the operation of the Vessel. The Buyers and the Buyers' representatives shall sign the Sellers’ P&I Club’s standard ' letter of indemnity prior to their embarkation.

Appears in 2 contracts

Samples: Memorandum of Agreement (Mc Shipping Inc), Memorandum of Agreement (Mc Shipping Inc)

Buyers’ representatives. After this Agreement has been signed by the Parties both parties and the Deposit deposit has been lodged, the Buyers have the right to place two (2) representatives on board the Vessel at their sole risk and expenseexpense at the first convenient port. These representatives are on board for the purpose of familiarisation and in the capacity of observers only, and they shall not interfere in any respect with the operation of the Vessel. The Buyers and the Buyers’ representatives shall sign the Sellers’ P&I Club’s standard P+I Club letter of indemnity prior to their embarkation.

Appears in 2 contracts

Samples: Memorandum of Agreement (Tsakos Energy Navigation LTD), Memorandum of Agreement (Tsakos Energy Navigation LTD)

Buyers’ representatives. After this Agreement has been signed by the Parties both parties and the Deposit deposit has been lodged, the Buyers have the right to place two (2) representatives on board the Vessel at their sole risk and expense. expense at a place to be mutually agreed between Buyers and Sellers upon arrival at on or about These representatives are on board for the purpose of familiarisation and in the capacity of observers only, and they shall not interfere in any respect with the operation of the Vessel. The Buyers and the Buyers’ representatives shall sign the Sellers’ P&I Club’s standard letter of indemnity prior to their embarkation.

Appears in 2 contracts

Samples: Memorandum of Agreement (Teekay Tankers Ltd.), Memorandum of Agreement (Teekay Tankers Ltd.)

Buyers’ representatives. After this Agreement has been signed by the Parties both parties and the Deposit deposit has been lodged, the Buyers have the right to place two (2) representatives on board the Vessel at their sole risk and expense. upon arrival at on or about These representatives are on board for the purpose of familiarisation and in the capacity of observers only, and they shall not interfere in any respect with the operation of the Vessel. The Buyers and the Buyers’ representatives shall sign the Sellers’ P&I Club’s standard letter of indemnity prior to their embarkation.

Appears in 2 contracts

Samples: Memorandum of Agreement (General Maritime Corp / MI), Memorandum of Agreement (General Maritime Corp / MI)

Buyers’ representatives. After this Agreement has been signed by the Parties both parties and the Deposit deposit has been lodged, the Buyers have the right to place two (2) representatives on board the Vessel at their sole risk and expense. expense upon arrival at on or about _____ These representatives are on board for the purpose of familiarisation and in the capacity of observers only, and they shall not interfere in any respect with the operation of the Vessel. The Buyers and the Buyers' representatives shall sign the Sellers’ P&I Club’s standard ' letter of indemnity prior to their embarkation.

Appears in 2 contracts

Samples: DryShips Inc., DryShips Inc.

Buyers’ representatives. After this Agreement has been signed by the Parties both parties and the Deposit deposit has been lodged, the Buyers have the right to place 3 (three) two (2) representatives on board the Vessel at their sole risk and expenseexpense upon up to and including the time of delivery. arrival-at on or about These representatives are on board for the purpose of familiarisation and in the capacity of observers only, and they shall not interfere in any respect with the operation of the Vessel. The Buyers and the Buyers' representatives shall sign the Sellers’ P&I Club’s standard ' usual P & I letter of indemnity prior to their embarkation.

Appears in 2 contracts

Samples: Memorandum of Agreement (Diana Containerships Inc.), Memorandum of Agreement (Diana Containerships Inc.)

Buyers’ representatives. After this Agreement has been signed by both parties, the Parties deposit lodged and the Deposit has been lodgedfinal subject cleared, the Buyers have the right to place two (2) representatives on board the Vessel at their sole risk and expense. expense upon arrival at to be agreedon or about to be agreed These representatives are on board for the purpose of familiarisation and in the capacity of observers only, and they shall not interfere in any respect with the operation of the Vessel. The Buyers and the Buyers’ representatives shall sign the Sellers’ P&I Club’s standard letter of indemnity prior to their embarkation.

Appears in 2 contracts

Samples: Memorandum of Agreement (Top Tankers Inc.), Memorandum of Agreement (Top Tankers Inc.)

Buyers’ representatives. After this Agreement has been signed by the Parties both parties and the Deposit deposit has been lodged, the Buyers have the right to place two (2) representatives on board the Vessel at their sole risk and expenseexpense at a place to be mutually agreed between Buyers and Sellers. upon arrival at on or about These representatives are on board for the purpose of familiarisation and in the capacity of observers only, and they shall not interfere in any respect with the operation of the Vessel. The Buyers and the Buyers’ representatives shall sign the Sellers’ P&I Club’s standard letter of indemnity prior to their embarkation.

Appears in 2 contracts

Samples: Memorandum of Agreement (Teekay Tankers Ltd.), Memorandum of Agreement (Teekay Tankers Ltd.)

Buyers’ representatives. After this Agreement has been signed by the Parties both parties and the Deposit deposit has been lodged, the Buyers have the right to place two (2) representatives on board the Vessel at their sole risk and expense. -upon arrival at on or about These representatives are on board for the purpose of familiarisation and in the capacity of observers only, and they shall not interfere in any respect with the operation of the Vessel. The Buyers and the Buyers’ representatives shall sign the Sellers’ P&I Club’s standard letter of indemnity prior to their embarkation.

Appears in 1 contract

Samples: Memorandum of Agreement (General Maritime Corp / MI)

Buyers’ representatives. After this Agreement has been signed by the Parties both parties and the Deposit deposit has been lodged, the Buyers have the right to place two (2) representatives on board the Vessel at their sole risk and expenseexpense upon arrival at to be agreed on or about to be agreed. These representatives are on board for the purpose of familiarisation and in the capacity of observers only, and they shall not interfere in any respect with the operation of the Vessel. The Buyers and the Buyers' representatives shall sign the Sellers’ P&I Club’s standard ' letter of indemnity prior to their embarkation.

Appears in 1 contract

Samples: First Original (General Maritime Ship Holdings LTD)

Buyers’ representatives. After this Agreement has been signed by the Parties and the Deposit has been lodged, the Buyers have the right to place two (2) representatives on board the Vessel at their sole risk and expense. These representatives are on board for the purpose of familiarisation and in the capacity of observers only, and they shall not interfere in any respect with the operation of the Vessel. The Buyers and the Buyers’ representatives shall sign the Sellers’ P&I P&L Club’s standard letter of indemnity prior to their embarkation.

Appears in 1 contract

Samples: Memorandum of Agreement (Seanergy Maritime Holdings Corp.)

Buyers’ representatives. After this Agreement has been signed by the Parties both parties and the Deposit deposit has been lodged, the Buyers have the right to place two (2) representatives on board the Vessel at their sole risk and expense. expense upon arrival at on or about These representatives are on board for the purpose of familiarisation familiarization and in the capacity of observers only, and they shall not interfere in any respect with the operation of the Vessel. The Buyers and the Buyers’ representatives shall sign the Sellers’ P&I Club’s standard letter of indemnity indemnify prior to their embarkation.

Appears in 1 contract

Samples: Memorandum of Agreement (Oceanfreight Inc.)

Buyers’ representatives. After this Agreement has been signed by the Parties both parties and the Deposit deposit has been lodged, the Buyers have the right to place two (2) representatives on board the Vessel at their sole risk and expenseexpense upon arrival at first convenient until port of delivery. These representatives are on board for the purpose of familiarisation with all Vessels machineries/equipments and in the capacity of observers only, and they shall not interfere in any respect with crew's works or the operation of the Vessel. The Buyers and the Buyers’ representatives shall sign the Sellers’ P&I Club’s standard letter of indemnity prior to their embarkation.

Appears in 1 contract

Samples: Memorandum of Agreement (Excel Maritime Carriers LTD)

Buyers’ representatives. See Clause 22 After this Agreement has been signed by the Parties both parties and the Deposit deposit has been lodged, the Buyers have the right to place two (2) representatives on board the Vessel at their sole risk and expenseexpense until delivery. These representatives are on board for the purpose of familiarisation familiarization and in the capacity of observers only, and they shall not interfere in any respect with the operation of the Vessel. The Buyers and the Buyers’ representatives shall sign the Sellers’ P&I Club’s standard letter of indemnity prior to their embarkation.

Appears in 1 contract

Samples: Memorandum of Agreement (U.S. Shipping Partners L.P.)

Buyers’ representatives. After this Agreement has been signed by the Parties both parties and the Deposit deposit has been lodged, the Buyers have the right to place two (2) representatives on board the Vessel at their sole risk and expense. expense upon arrival at on or about These representatives are on board for the purpose of familiarisation familiarization and in the capacity of observers only, and they shall not interfere in any respect with the operation of the Vessel. The Buyers and the Buyers' representatives shall sign the Sellers’ P&I Club’s standard ' letter of indemnity prior to their embarkation.

Appears in 1 contract

Samples: Memorandum of Agreement (Seanergy Maritime Holdings Corp.)

Buyers’ representatives. After this Agreement has been signed by the Parties and the Deposit has been lodgedParties, the Buyers have Buyer has the right to place two (2) representatives on board the Vessel at their sole risk and expense. These representatives are on board for the purpose of familiarisation and in the capacity of observers only, and they shall not interfere in any respect with the operation of the Vessel. The Buyers Buyer and the Buyers’ Buyer’s representatives shall sign the Sellers’ P&I Club’s standard letter of indemnity prior to their embarkation.

Appears in 1 contract

Samples: Vessel Acquisition Agreement (DHT Holdings, Inc.)

Buyers’ representatives. After this Agreement has been signed by the Parties both parties and the Deposit deposit has been lodged, the Buyers have the right to place two (2) representatives on board the Vessel at their sole risk and expense. These representatives are on board for the purpose of familiarisation of the Vessel’s operational characteristics and in the capacity of observers only, and they shall not interfere in any respect with the operation operation/mxxxxxx of the Vessel. Vessel The Buyers and the or Buyers’ representatives shall sign the Sellers’ P&I Club’s standard letter latter of indemnity prior to their embarkation.

Appears in 1 contract

Samples: Memorandum of Agreement (Quintana Maritime LTD)

Buyers’ representatives. After this Agreement agreement has been signed by the Parties both parties and the Deposit deposit has been lodged, the Buyers have the right to place two (2) representatives on board the Vessel at their sole risk and expense. expense These representatives representative are on board for the purpose of familiarisation and in the capacity of observers only, and they shall not interfere in any respect with the operation of the Vessel. The Buyers and the Buyers' representatives shall sign the Sellers’ P&I Club’s standard ' letter of indemnity prior to their embarkation.

Appears in 1 contract

Samples: StealthGas Inc.

Buyers’ representatives. After this Agreement has been signed by the Parties and the Deposit has been lodged, the Buyers have the right to place two (2) representatives on board the Vessel at their sole risk and expense. These representatives are on board for the purpose of familiarisation and in the capacity of observers only, only and they shall not interfere in any respect with the operation of the Vessel. The Buyers and the Buyers’ representatives shall sign the Sellers’ P&I Club’s standard letter of indemnity Indemnity prior to their embarkation.

Appears in 1 contract

Samples: Memorandum of Agreement (Capital Product Partners L.P.)

Buyers’ representatives. After this Agreement has been signed by the Parties both parties and the Deposit deposit has been lodged, the Buyers have the right to place two (2) representatives on board the Vessel at their sole risk and expenseexpense upon arrival at a time and port convenient to both parties after the 1/3/2010. on or about These representatives are on board for the purpose of familiarisation and in the capacity of observers only, and they shall not interfere in any respect with the operation operation, of the VesselVessel but with free access to all the Vessel during usual working hours. The Buyers and the Buyers’ representatives shall sign the Sellers’ P&I Club’s standard disclaimer letter of indemnity prior to their embarkation.

Appears in 1 contract

Samples: Memorandum of Agreement (Alma Maritime LTD)

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Buyers’ representatives. After this Agreement has been signed by the Parties both parties, and the Deposit deposit has been lodged, the Buyers have the right to place two (2) representatives on board the Vessel Vessels at their sole risk and expense. upon arrival at [ ] on or about [ ] These representatives are on board for the purpose of familiarisation and in the capacity of observers only, and they shall not interfere in any respect with the operation of the Vessel. The Buyers and the Buyers’ representatives shall sign the Sellers’ P&I Club’s standard letter of indemnity prior to their embarkation.

Appears in 1 contract

Samples: Memorandum of Agreement (Teekay Offshore Partners L.P.)

Buyers’ representatives. After this Agreement has been signed by the Parties both parties and the Deposit deposit has been lodged, the Buyers have the right to place two (2) representatives on board the Vessel at their sole risk and expense. These representatives are on board for the purpose of familiarisation of the Vessel’s operational characteristics and in the capacity of observers only, and they shall not interfere in any respect with the operation operation/mxxxxxx of the Vessel. Vessel The Buyers and the or Buyers’ representatives shall sign the Sellers’ P&I Club’s standard letter of indemnity prior to their embarkation.

Appears in 1 contract

Samples: Memorandum of Agreement (Quintana Maritime LTD)

Buyers’ representatives. After this Agreement has been signed by the Parties both parties and the Deposit deposit has been lodged, the Buyers have the right to place two (2) representatives on board the Vessel at their sole risk and expense. These representatives are on board for the purpose of familiarisation and in the capacity of observers only, and they shall not interfere in any respect with the operation of the Vessel. The Buyers and the Buyers' representatives shall sign the Sellers’ P&I Club’s standard ' letter of indemnity prior to their embarkation.

Appears in 1 contract

Samples: General Maritime Corp/

Buyers’ representatives. After this Agreement has been signed by the Parties both parties and all subjects lifted and the Deposit deposit has been lodged, the Buyers have the right to place two (2) representatives on board the Vessel at their sole risk and expense. expense upon These representatives are on board for the purpose of familiarisation and in the capacity of observers only, and they shall not interfere in any respect with the Sellers’ crew or with the operation of the Vessel. The Buyers and the Buyers’ representatives shall sign the Sellers’ P&I Club’s standard letter of indemnity Indemnity prior to their embarkation.

Appears in 1 contract

Samples: Memorandum of Agreement (Genco Shipping & Trading LTD)

Buyers’ representatives. After this Agreement has been signed by the Parties both parties and the Deposit deposit has been lodged, the Buyers have the right to place max two (2) representatives on board the Vessel at the first opportunity at their sole risk and expense. expense and remaining onboard until the time of delivery, upon arrival at on or about These representatives are on board for the purpose of familiarisation familiarization with the Vessel and her operations and in the capacity of observers only, and they shall not interfere in any respect with the crew or the operation of the Vessel. The Buyers and the Buyers’ representatives shall sign the Sellers’ P&I Club’s standard normal P & I letter of indemnity prior to their embarkation.

Appears in 1 contract

Samples: Memorandum of Agreement (Alma Maritime LTD)

Buyers’ representatives. After this Agreement has been signed by the Parties both parties and the Deposit deposit has been lodged, the Buyers have the right to place two (2) representatives on board the Vessel at their sole risk and expense. expense upon arrival at the last loading port prior to Vessel's delivery on or about These representatives are on board for the purpose of familiarisation familiarization and in the capacity of observers only, and they shall not interfere in any respect with the operation of the Vessel. The Buyers and the Buyers’ representatives shall sign the Sellers’ P&I Club’s standard letter of indemnity prior to their embarkation.

Appears in 1 contract

Samples: Navios Maritime Holdings Inc.

Buyers’ representatives. After this Agreement has been signed by the Parties both parties and the Deposit has been lodged, the Buyers have the right to place two (2) representatives on board the Vessel at their sole risk and expense. These representatives are on board for the purpose of familiarisation familiarization and in the capacity of observers only, and they shall not interfere in any respect with the operation of the Vessel. The Buyers and the Buyers' representatives shall sign the Sellers’ P&I Club’s standard ' letter of indemnity prior to their embarkation.

Appears in 1 contract

Samples: Memorandum of Agreement (Golar LNG LTD)

Buyers’ representatives. After this Agreement has been signed by both parties, the Parties deposit lodged and the Deposit has been lodgedfinal subject cleared, the Buyers have the right to place two (2) representatives on board the Vessel at their sole risk and expense. expense upon arrival at to be agreed on or about to be agreed These representatives are on board for the purpose of familiarisation and in the capacity of observers only, and they shall not interfere in any respect with the operation of the Vessel. The Buyers and the Buyers’ representatives shall sign the Sellers’ P&I Club’s standard letter of indemnity indemnity, prior to their embarkation.

Appears in 1 contract

Samples: Memorandum of Agreement (Top Tankers Inc.)

Buyers’ representatives. After this Agreement has been signed by the Parties both parties and the Deposit deposit has been lodged, the Buyers have the right to place two (2) representatives on board the Vessel at their sole risk and expense. The Buyers shall pay their representatives' expenses onboard at a rate of USD 25/day/person plus communication expenses. These representatives are on board for the purpose of familiarisation and in the capacity of observers only, and they shall not interfere in any respect with the operation of the Vessel. The Buyers and the Buyers' representatives shall sign the Sellers’ P&I Club’s standard ' letter of indemnity prior to their embarkation.

Appears in 1 contract

Samples: Memorandum of Agreement (General Maritime Ship Holdings LTD)

Buyers’ representatives. After this Agreement has been signed by the Parties both parties and the Deposit deposit has been lodged, the Buyers have the right to place two (2) representatives on board the Vessel at their sole risk and expense. expense upon arrival at ________ on or about _______ These representatives are on board for the purpose of familiarisation and in the capacity of observers only, and they shall not interfere in any respect with the operation of the Vessel. The Buyers and the Buyers' representatives shall sign the Sellers’ P&I Club’s standard ' letter of indemnity prior to their embarkation.

Appears in 1 contract

Samples: Memorandum of Agreement (DryShips Inc.)

Buyers’ representatives. [Deleted] After this Agreement has been signed by the Parties both parties and the Deposit deposit has been lodged, the Buyers have the right to place two (2) representatives on board the Vessel at their sole risk and expense. expense upon arrival at on or about These representatives are on board for the purpose of familiarisation and in the capacity of observers only, and they shall not interfere in any respect with the operation of the Vessel. The Buyers and the Buyers’ representatives shall sign the Sellers’ P&I Club’s standard letter of indemnity prior to their embarkation.

Appears in 1 contract

Samples: Memorandum of Agreement (NCL CORP Ltd.)

Buyers’ representatives. After this Agreement agreement has been signed by the Parties both parties and the Deposit deposit has been lodged, the Buyers have the right to place two (2) representatives on board the Vessel at their sole risk and expense. expense These representatives representative are on board for the purpose of familiarisation and in the capacity of observers only, and they shall not interfere in any respect with the operation of the Vessel. The Buyers and the Buyers’ representatives shall sign the Sellers’ P&I Club’s standard letter of indemnity prior to their embarkation.

Appears in 1 contract

Samples: StealthGas Inc.

Buyers’ representatives. After this Agreement has been signed by the Parties both parties and the Deposit deposit has been lodged, the Buyers have the right to place two (2) representatives on board the Vessel at their sole risk and expense. These representatives are on board for the purpose of familiarisation and in the capacity of observers only, and they shall not interfere in any respect with the operation of the Vessel. The Buyers and the Buyers’ representatives shall sign the Sellers’ P&I Club’s standard letter of indemnity Indemnity prior to their embarkation.

Appears in 1 contract

Samples: Memorandum of Agreement (Genco Shipping & Trading LTD)

Buyers’ representatives. After this Agreement has been signed by both parties, the Parties deposit lodged and the Deposit has been lodgedfinal subject cleared, the Buyers have the right to place two (2) representatives on board the Vessel at their sole risk and expense. expense upon arrival at to be agreed on or about to be agreed These representatives are on board for the purpose of familiarisation familiarization and in the capacity of observers only, and they shall not interfere in any respect with the operation of the Vessel. The Buyers and the Buyers’ representatives shall sign the Sellers’ P&I Club’s standard letter of indemnity prior to their embarkation.

Appears in 1 contract

Samples: Memorandum of Agreement (Top Tankers Inc.)

Buyers’ representatives. After this Agreement has been signed by the Parties both parties and the Deposit deposit has been lodged, the Buyers have the right to place two (2) representatives on board the Vessel at (their sole risk and expense. upon arrival at on or about These representatives are on board for the purpose of familiarisation and in the capacity of observers only, and they shall not interfere in any respect with the operation of the Vessel. The Buyers and the Buyers’ representatives shall sign the Sellers’ P&I Club’s standard letter of indemnity prior to their embarkation.

Appears in 1 contract

Samples: Memorandum of Agreement (General Maritime Corp / MI)

Buyers’ representatives. After this Agreement has been signed by the Parties both parties and the Deposit deposit has been lodged, the Buyers have the right to place two (2) representatives on board for the Vessel Vessel’s last voyage prior to delivery at their sole risk and expense. These representatives are on board for the purpose of familiarisation and in the capacity of observers only, and they shall not interfere in any respect with the operation of the Vessel. The Buyers and the Buyers’ representatives shall sign the Sellers’ P&I Club’s standard letter of indemnity prior to their embarkation. These representatives to sign the usual Letter of Indemnity before boarding the Vessel.

Appears in 1 contract

Samples: Memorandum of Agreement (Quintana Maritime LTD)

Buyers’ representatives. After both parties have signed this Agreement has been signed by the Parties and the Deposit has been lodged, the Buyers have the right to place two (2) representatives on board the Vessel at their sole risk and expense. These representatives are on board for the purpose of familiarisation and in the capacity of observers only, and they shall not interfere in any respect with the operation of the Vessel. The Buyers and the Buyers’ representatives shall sign the Sellers’ P&I Club’s standard letter of indemnity prior to their embarkation.

Appears in 1 contract

Samples: Memorandum of Agreement (Ocean Resources Inc)

Buyers’ representatives. After this Agreement has been signed by the Parties both parties and the Deposit deposit has been lodged, the Buyers have the right to place two (2) of their Officers representatives on board the Vessel at their sole risk and expense. expense upon upto and including time of delivery arrival at on or about These representatives are on board for the purpose of familiarisation and in the capacity of observers only, and they shall not interfere in any respect with the operation of the Vessel. The Buyers and the Buyers’ representatives shall sign the usual Sellers’ P&I Club’s standard Club letter of indemnity to be executed by Buyers representatives prior to their boarding embarkation.

Appears in 1 contract

Samples: Memorandum of Agreement (FreeSeas Inc.)

Buyers’ representatives. After this this-Agreement has been signed by the Parties and the Deposit has been lodged, the Buyers have the right to place two (2) representatives on board the Vessel at their sole risk and expense. These representatives are on board for the purpose of familiarisation and in the capacity of observers only, and they shall not interfere in any respect with the operation of the Vessel. The Buyers and the Buyers' representatives shall sign the Sellers' P&I Club’s 's standard letter of indemnity prior to their embarkation.

Appears in 1 contract

Samples: Memorandum of Agreement (DryShips Inc.)

Buyers’ representatives. After this Agreement has been signed by the Parties both parties and the Deposit deposit has been lodged, the Buyers have the right to place two (2) representatives on board the Vessel at their sole risk and expenseexpense upon arrival at first port of call. These representatives are on board for the purpose of familiarisation and in the capacity of observers only, and they shall not interfere in any respect with the operation of the Vessel. The Buyers and the Buyers' representatives shall sign the Sellers’ P&I Club’s standard ' letter of indemnity prior to their embarkation.

Appears in 1 contract

Samples: Memorandum of Agreement (Excel Maritime Carriers LTD)

Buyers’ representatives. After this Agreement has been signed by the Parties both parties and the Deposit deposit has been lodged, the Buyers have the right to place two (2) representatives on board the Vessel at their sole risk and expense. expense upon arrival at on or about These representatives are on board for the purpose of familiarisation and in the capacity of observers only, and they shall not interfere in any respect with the operation of the Vessel. The Buyers and the Buyers’ representatives shall sign the Sellers’ P&I Club’s standard letter of indemnity prior to their embarkation.

Appears in 1 contract

Samples: General Maritime Corp / MI

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