Common use of Classification and eligibility Clause in Contracts

Classification and eligibility. The Owners warrants that the vessel is in all respect eligible under applicable conventions, laws and regulations for trading to and from the port and places specified in clause 4 of this time charter party. Furthermore, the vessel is not in any way listed as unacceptable by any Government or other organization whatsoever, nor is she debarred by any activity of any port within the agreed trading areas. The vessel shall have on board for inspection by the authorities all certificates, records, compliance letters and other documents required for such services, including, but not limited to, a U.S. Coast Guard Certificate of Financial Responsibility (Oil Pollution) and the certificate required by Article VII of International Convention on Civil Liability for Oil Pollution Damage of 1969, as amended. The Owners warrants that the vessel does and will throughout the duration of this charter fully comply with all applicable conventions, laws, regulations and ordinances of any international, national, state or local governmental entity having jurisdiction including, but not limited to: (a) the US Port and Tanker Safety Act, as amended, (b) the US Federal Water Pollution Control Act (Clean Water Act), as amended, (c) MARPOL 1973/78 as amended and extended, (d) SOLAS 1974/1978/1983 as amended and extended, (e) OPA 1990, as amended, (f) The EU Directive 2005/33/EC, as amended. The Owners further warrants that any alterations (including time for alterations) to the ship to comply with any of these conventions, laws, regulations, ordinances and/or their amendments will be entirely at Owners’ expense. The Owners further warrants to keep the vessel with unexpired classification in force at all time during the charter period. Any delays, losses, expenses or damages arising as a result of failure to comply with any part of this clause shall be for the Owners’ account and the Charterers shall not be liable for any delay caused by failure to comply with these warranties. Any resultant loss of time will be considered as off hire.

Classification and eligibility. The Owners warrants that the vessel is in all respect eligible under applicable conventions, laws and regulations for trading to and from the port and places specified in clause 4 of this time charter party. Furthermore, the vessel is not in any way listed as unacceptable by any Major Oil Company, Government or other organization whatsoever, nor is she debarred by any activity of any port within the agreed trading areas. The vessel shall have on board for inspection by the authorities all certificates, records, compliance letters and other documents required for such services, including, but not limited to, a U.S. Coast Guard Certificate of Financial Responsibility (Oil Pollution) and the certificate required by Article VII of International Convention on Civil Liability for Oil Pollution Damage of 1969, as amended. The Owners warrants that the vessel does and will throughout the duration of this charter fully comply with all applicable conventions, laws, regulations and ordinances of any international, national, state or local governmental entity having jurisdiction including, but not limited to: (a) the US Port and Tanker Safety Act, as amended, (b) the US Federal Water Pollution Control Act (Clean Water Act), as amended, (c) MARPOL 1973/78 as amended and extended, (d) SOLAS 1974/1978/1983 as amended and extended, (e) OPA 1990, as amended, (f) The EU Directive 2005/33/EC, as amended. The Owners further warrants that any alterations (including time for alterations) to the ship to comply with any of these conventions, laws, regulations, ordinances and/or their amendments will be entirely at Owners’ expense. The Owners further warrants to keep the vessel with unexpired classification in force at all time during the charter period. Any delays, losses, expenses or damages arising as a result of failure to comply with any part of this clause shall be for the Owners’ account and the Charterers shall not be liable for any delay caused by failure to comply with these warranties. Any resultant loss of time will be considered as off hire.

Classification and eligibility. The Owners warrants that the vessel is in all respect eligible under applicable conventions, laws and regulations for trading to and from the port and places specified in clause 4 of this time charter party. Furthermore, the vessel is not in any way listed as unacceptable by any Government or other organization whatsoever, nor is she debarred by any activity of any port within the agreed trading areas. The vessel shall have on board for inspection by the authorities all certificates, records, compliance letters and other documents required for such services, including, but not limited to, a U.S. Coast Guard Certificate of Financial Responsibility (Oil Pollution) and the certificate required by Article VII of International Convention on Civil Liability for Oil Pollution Damage of 1969, as amended. The Owners warrants that the vessel does and will throughout the duration of this charter fully comply with all applicable conventions, laws, regulations and ordinances of any international, national, state or local governmental entity having jurisdiction including, but not limited to:: Table of Contents (a) the US Port and Tanker Safety Act, as amended, (b) the US Federal Water Pollution Control Act (Clean Water Act), as amended, (c) MARPOL 1973/78 as amended and extended, (d) SOLAS 1974/1978/1983 as amended and extended, (e) OPA 1990, as amended, (f) The EU Directive 2005/33/EC, as amended. The Owners further warrants that any alterations (including time for alterations) to the ship to comply with any of these conventions, laws, regulations, ordinances and/or their amendments will be entirely at Owners’ expense. The Owners further warrants to keep the vessel with unexpired classification in force at all time during the charter period. Any delays, losses, expenses or damages arising as a result of failure to comply with any part of this clause shall be for the Owners’ account and the Charterers shall not be liable for any delay caused by failure to comply with these warranties. Any resultant loss of time will be considered as off hire.