Common use of Chartering Clause in Contracts

Chartering. save for any charter disclosed by the Charterer to the Mortgagee in writing and agreed by the Mortgagee in writing, in either case prior to the date of this Deed, not without the prior written consent of the Mortgagee (which the Mortgagee shall have full liberty to withhold) and, if such consent is given, only subject to such conditions as the Mortgagee may impose, to let the Ship: (a) on demise charter for any period; (b) by any time or consecutive voyage charter for a term which exceeds or which by virtue of any optional extensions therein contained might exceed twelve (12) months' duration; (c) on terms whereby more than two (2) months' hire (or the equivalent) is payable in advance; or (d) below the market rate prevailing at the time when the Ship is fixed or other than on arms' length terms;

Chartering. save for any charter disclosed by the Charterer to the Mortgagee in writing and agreed by the Mortgagee in writing, in either case prior to the date of this Deed, not without the prior written consent of the Mortgagee (which the Mortgagee shall have full liberty to withhold) and, if such consent is given, only subject to such conditions as the Mortgagee may impose, to let the Ship: : (a) on demise charter for any period; ; (b) by any time or consecutive voyage charter for a term which exceeds or which by virtue of any optional extensions therein contained might exceed twelve (12) months' duration; ; (c) on terms whereby more than two (2) months' hire (or the equivalent) is payable in advance; or or (d) below the market rate prevailing at the time when the Ship is fixed or other than on arms' length terms;