Charterer's undertakings Clause Samples
The 'Charterers’ undertakings' clause sets out the specific promises and obligations that the charterer agrees to fulfill under a charter party agreement. These undertakings typically include responsibilities such as timely payment of hire, proper use of the vessel, compliance with applicable laws, and ensuring that cargo operations are conducted safely and efficiently. For example, the charterer may be required to provide accurate voyage instructions or to avoid carrying prohibited goods. The core function of this clause is to clearly define the charterer's duties, thereby allocating risk and ensuring that both parties understand their respective responsibilities during the charter period.
Charterer's undertakings. The Charterers hereby undertake to the Owners that they will comply in full and procure compliance (where applicable) with the following undertakings throughout the Agreement Term:
(a) Corporate status each Obligor will maintain its corporate existence as a body corporate duly organised and validly existing under the laws of its jurisdiction of incorporation and will maintain the power to own its assets and carry on its business as it is being conducted on the date of this Charter;
Charterer's undertakings. The Charterer hereby covenants with the Mortgagee (as security agent and trustee for and on behalf of the Secured Creditors) and undertakes that throughout the Charter Period:
Charterer's undertakings. 8.1 The Charterer hereby covenants with the Security Agent and undertakes that throughout the Charter Period:
Charterer's undertakings. The undertaking and covenants in this Clause 48 remain in force for the duration of the Agreement Term.
Charterer's undertakings. The Charterer hereby covenants with the Mortgagee and undertakes that throughout the Charter Period: