CHARTER HIRE. The CHARTERER shall pay the OWNER during the Charter Term, Charter Hire a daily rate of [*] (the “Charter Hire”). The CHARTERER shall pay the Charter Hire by wire transfer in monthly installments as directed by the OWNER, or such other manner as may be agreed to by the parties.
CHARTER HIRE. Charterer agrees to pay Owner Charter Hire in the total sum of Charter fee prior to taking delivery of the Yacht, receipt of which is hereby acknowledged.
CHARTER HIRE. 38.1 The Charterers shall throughout the Charter Period pay charter hire (“Charter Hire”) to the Owners, calculated at the daily rate of:
(i) USD 16,750 per day pro rata for the first 24 months of the Charter Period;
(ii) USD 14,000 per day pro rata for months 25 — 48 of the Charter Period; and
(iii) USD 10,000 per day pro rata for months 49 — 60 of the Charter Period.
38.2 Charter Hire shall be paid continuously throughout the Charter Period from (and including) the first day of the Charter Period through (and including) the last day of the Charter Period. The Charterers shall pay hire due to the Owners in accordance with the terms of this Charter. The Charter Hire shall be payable monthly in advance, on each of the below described payment dates.
38.2.1 The first Payment Date shall be the Delivery Date covering on a pro rata basis the remaining number of days in that month, and the second and subsequent Payment Dates shall be on 5th in every calendar month thereafter (each such date being hereinafter called each the “Payment Date” and collectively the “Payment Dates”).
38.2.2 The amount of Charter Hire due on each of the Payment Dates shall be the amount calculated by multiplying the daily rate by the number of days from and including the relevant Payment Date through and including the day immediately preceding the next following Payment Date or, in the case at the last Payment Date, through and including the last day of the Charter Period.
38.3 Notwithstanding anything to the contrary contained in this Charter, all payments due by the Charterers hereunder (whether by way of hire or otherwise) shall be made as follows:-
38.3.1 (in the case of Charter Hire) on the relevant Payment Date or (in the case of other sums) on their respective due dates or within 3 Banking Days of demand (as the case may be);
38.3.2 in United States Dollars in funds with the same day value and free and clear of any bank charges to the account of the Owners, BIC/SWIFT: XXXXXXXX, IBAN: DK75 3000 3238 0053 02. For the avoidance of doubt, the fund must be arrived and credited to the bank account specified above by 15:00 CET of the relevant Payment Day or to such other bank as may from time to time be notified by the Owners to the Charterers by not less than three (3) Banking Days’ prior written notice; and
38.3.3 if any day for the making of any payment hereunder shall not be a Banking Day, the due date for payment of the same shall be the next following Banking Day; provided that if ...
CHARTER HIRE. 9.1 The Subcharterer shall pay to the Charterer for the hire of the Vessel, the net bareboat hire (“Charter Hire”) of;
a. US$ 304,100 per day from commencement of Subcharterer’s earning of ordinary dayrate upon arrival in Canada until expiry or termination of this Charter.
b. Esso has agreed to compensate the Assignee for moving the Vessel from Vietnam to Canada, for the costs of modification to the Vessel preparing it to work in Canada, and for the costs to supply additional equipment on the Vessel. This compensation is referred to as the “mobilization fee” in the Assignment. The net financial result of the mobilisation fee (after deduction of all relevant costs) will be split by 90% to Charterer and 10% to Subcharterer. The Charter Hire will only be payable when the Vessel is operational. Charter Hire will not be payable during periods of dry-docking or technical downtime.
9.2 Subcharterer agrees to be liable for all taxes or withholdings of any nature whatsoever, together with any penalties or interest thereon (herein collectively called “Taxes”) imposed upon, withheld from or assessed against Charterer or Subcharterer by any national or local government or taxing authority of any country upon or with respect to or measured by income or earnings of the Vessel or the Charter Hire. Subcharterer shall not be liable for any Taxes which (i) are imposed by the government of the country under which the Charterer is organized or any political subdivision thereof and are imposed upon or in respect of or measured by the Charter Hire or (ii) shall result wholly from action taken by the Charterer not related to the transactions contemplated hereby or (iii) are imposed for any period, or with respect to any act, occurring after expiration or earlier termination of this Charter. Upon request of Charterer, Subcharterer agrees to cooperate reasonably with Charterer to minimize taxes to be borne by Charterer, and, upon request of Subcharterer, Charterer agrees to cooperate reasonably with Subcharterer to minimize Taxes to be borne by Subcharterer. Subcharterer will deduct any applicable withholding tax impost during international operations for any compensation paid under this Charter. Accordingly Subcharterer shall provide appropriate receipts for any such withholding tax.
9.3 Charter Hire shall be payable monthly in arrears in United States Dollars and shall be paid immediately following receipt by the Subcharterer of charter hire under the Esso Drilling Contract and ...
CHARTER HIRE. 38.1 The Charterers shall, from the first day of the Charter Period until such time as the Vessel becomes a Total Loss or is redelivered in accordance with the terms of this Charter (even if beyond the Charter Period), pay charter hire (“Charter Hire”) to the Owners at the rate of US$9,500 per day.
38.2 Charter Hire shall be paid monthly in advance commencing on the Delivery Date.
38.3 Notwithstanding anything to the contrary contained in this Charter:-
38.3.1 The Charterers shall pay the Charter Hire in United States Dollars in funds with the same day value to the Owners’ Account, not later than 11.00 am (New York time) on the relevant payment date;
38.3.2 If any day for the making of any payment hereunder shall not be a Banking Day, the due date for payment of the same shall be the immediately preceding Banking Day;
38.3.3 Receipt of the Charter Hire from the Charterers into the Owners’ Account shall constitute payment by the Charterers to the Owners of the Charter Hire payable under this Charter.
38.4 Subject to the terms of this Charter, all payments hereunder shall be made net of all commissions and without any set-off or counterclaim whatsoever and free and clear of and without withholding or deduction for, or on account of, any present or future income, freight, stamp and other taxes, levies, imposts, duties, fees, charges, restrictions or conditions of any nature (collectively “Taxes”). If the Charterers are so required to make any withholding or deduction from any such payment for or on account of any Taxes, the sum due from the Charterers in respect of such payment will be increased to the extent necessary to ensure that, after making such withholding or deduction, the payment shall be of a net sum equal to the amount which would have been paid had no such withholding or deduction been required to be made. The Charterers will promptly deliver to the Owners any receipts, certificates or other proof evidencing the amounts, if any, paid to or payable in respect of any such withholding or deduction as aforesaid.
38.5 In the event of failure by the Charterers to pay on the due date for payment thereof, or in the case of a sum payable on demand, within two (2) Banking Days following the date of demand therefore, any hire or other amount payable by them under this Charter, the Charterers will pay to the Owners on demand default interest on such hire or such other amount from the date of such failure to the date of actual payment (both before and after a...
CHARTER HIRE none of the Borrowers has received prepayments of hire with respect to a period of longer than one month under any Charter Party Agreement;
CHARTER HIRE. 6.1 The Charterer shall during the Hire Period pay Charter Hire to the Owner quarterly in arrears on each Payment Date calculated on the number of days which shall elapse during the relevant period.
CHARTER HIRE. The Original Owners shall be paid hire by the Charterers in accordance with the Time Charter Party up to the Effective Time. The New Owners shall be paid hire by the Charterers in accordance with the Time Charter Party from the Effective Time. Payment shall be made to the New Owners’ bank account as stated in Box 9. The hire due in respect of the period from the Effective Time up to the date the next instalment of hire falls due under the Time Charter Party shall be paid by the Charterers to the New Owners on or before the Effective Time.
CHARTER HIRE. 3.1 The Sub-Charterer shall pay to Intracoastal Marine, LLC at: for the use and hire of the Vessel for and during the whole of the initial Charter Term, Charter Hire in the amount set forth in the Specifications. Such Charter Hire shall be paid monthly in advance and payable commencing with the first day of the first month following delivery of the Vessel.
3.2 All sums due under this Charter Party by way of Charter Hire, if unpaid when due, shall bear interest from the date it became due under this Charter Party until paid in full at an annual rate of twelve (12) percent. All sums due under this Charter Party other than by way of Charter Hire, if unpaid when due, shall bear interest from the date upon which Intracoastal Marine, LLC sends written notice to Sub-Charterer, setting forth the nature and amount of such unpaid sums, until such time as the same shall be fully paid at an annual rate of twelve (12) percent.
3.3 Any provision of this Charter Party to the contrary notwithstanding, no notice given by Sub-Charterer purporting to affect the term of this Charter Party shall be effective for that purpose, nor relieve Sub-Charterer from its duties and obligations hereunder, nor abrogate the provisions of this Charter Party relating to automatic extension of the Charter Term above, unless at or prior to the time such notification Sub-Charterer shall have paid in full all sums then due by way of Charter Hire in accordance with the foregoing provisions of this Section 3.
CHARTER HIRE. The Charterer will pay Owner THE CHARTER RATE of $275 PER HOUR quoted in the lawful currency of the United States of America, for non-‐peak dates. The CHARTER RATE for holidays, peak dates and charters less than the 3-‐hour minimum private charter PACKAGE IS $325 PER HOUR. SECURITY DEPOSIT: $150.00 DATE OF LAST CHARTER PAYMENT: 24hrs prior to departure. Said compensation shall be paid as follows: Payment shall be in cash, electronic bank wire transfer to BIP Boating or through a credit card payment made on xxxxx://xxxxxxxxxx.xxx
