COMMISSION CLAUSE. Owner shall pay a commission of one and one-quarter percent (1-1/4%) on all hires to Teekay Shipping Limited in the Bahamas which commission shall be deductible from hire as and when paid.
Appears in 6 contracts
Samples: Time Charter Agreement (Teekay Shipping Corp), Time Charter Agreement (Teekay Shipping Corp), Time Charter (Teekay Shipping Corp)
