CHARTER HIRE Sample Clauses

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. 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. 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 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. The Charterers shall, throughout the Charter Period, pay charter hire (“Charter Hire”) to the Owners monthly in advance net to the Owners at the agreed following rate by telegraphic transfer for each successive period of a month commencing with the Delivery Date and with subsequent installments at monthly intervals after the date of payment of such first installment by and until the redelivery of the Vessel (each such date hereinafter a “Payment Date”). Time is of the essence for payment of the Charter Hire under this Charter. Fixed (Principal) Part: USD 5,450 per day; plus Floating (Interest) Part: (1 month USD LIBOR + 2.4% Margin) x Loan Outstanding on a Payment Date x number of days from that Payment Date until the following Payment Date divided by 360 days.

CHARTER HIRE. In exchange for the charter of the Vessel as described above in 1, Charterer shall pay Owner charter hire of US $275,000 per calendar year (“Charter Hire”), payable as of the date of this agreement with respect to 2018 and payable at the beginning of the calendar year thereafter for each subsequent calendar year in the Term, to such account or accounts as Owner shall designate in writing to Charterer. To the extent that Charterer directly pays or incurs any fixed expenses on behalf of Owner related to the use, operation, upkeep, and maintenance of the Vessel, including, but not limited to, crew’s wages, such amounts shall be credited by Owner towards the above Charter Hire. In addition to the Charter Hire, Charterer shall pay directly, or reimburse Owner for, as applicable, the incremental costs and expenses associated with Charterer’s use of the Vessel paid or incurred by Owner on Charterer’s behalf, including, but not limited to, the costs of the personnel, catering, customary crew gratuities, dockage fees or fuel associated with Charterer’s use of the Vessel. Charterer will also be responsible for any state taxes associated with the Charter Hire. Charterer and Owner agree that the aggregate amounts owed by either party to the other over the course of a year may be settled annually on a net basis on or about December 31 of that year. In addition, this Agreement shall be subject to the additional terms and conditions attached hereto as Exhibit A which is incorporated herein by reference.

CHARTER HIRE. The Charterer will pay Owner THE CHARTER RATE of $250 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. The Charterer will pay Owner THE GAS RATE of $150 PER CHARTER TERM not to exceed more than 4 hours. Additional hours will be charged at a rate of $25 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

CHARTER HIRE i. Commencing from the Delivery Date, the Charterers shall pay charter hire to the Owners as provided in Clause 11 of this Charter. All charter hire shall be paid in U.S dollars, by wire transfer, to the following account unless otherwise specified in writing by the Owner: Account Name : GOLDWING SHIPPING COMPANY Bank : ALPHA BANK A.E. PIRAEUS SHIPPING BRANCH 960 SWIFT : XXXXXXXXXXX Account Number : XX0000000000000000000000000 Contact Person : Angeliki Kalapodi Tel +000000000000 Fax +000000000000 email: xxxxxxxxx@xxxxx.xx a. Charterers’ obligation to pay charter hire and all other sums required to be paid under this Charter is absolute and unconditional and shall not be subject to any right of set-off, counterclaim, recoupment, defence, suspension, withholding, deferment or reduction, except as specifically provided otherwise in this Charter. The Charterers shall not have any right to terminate this Charter, or to be released, relieved, or discharged from any obligation or liability under this Charter, other than pursuant to and in accordance with Clauses 5, 25, 26, 28;. Notwithstanding the foregoing, the Charterers shall continue to comply with all their other obligations under this Charter during such period.

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. Monthly Variable Hire is calculated from the number of the days in any relevant month, and daily variable hire in accordance with the following formula: Monthly Variable Hire = Daily Variable Hire x the number of the days in the relevant month Daily Variable Hire = Charter Principal Balance x (2.11448% + one (1) month CME TERM SOFR as applicable for the month in respect of which such Daily Variable Hire is to be calculated) / 360 Applicable one (1) month CME TERM SOFR to be confirmed fourteen (14) Banking Days prior to hire due date. The Owners shall notify the Charterers in writing of the Monthly Variable Hire due on any due date for hire by sending to the Charterers a duly issued invoice for that Monthly Variable Hire and Monthly Fixed Hire at least four (4) Banking Days before such due date. Charter Principal Balance means US$33,000,000.- less the aggregate Monthly Fixed Hire as has at any relevant time been paid to the Owners for Vessel. Should the CME TERM SOFR fail to negative interest rate, zero (0) is to be applied as CME TERM SOFR.