Common use of Compliance with ISM Code Clause in Contracts

Compliance with ISM Code. the Vessel will comply on the Delivery Date and the Operator complies with the requirements of the ISM Code and the SMC which has been or, as the case may be, shall be issued in respect of the Vessel shall remain valid on the Delivery Date and thereafter throughout the Security Period;

Compliance with ISM Code. the each Vessel complies and will comply on the Delivery Drawdown Date and the Operator complies with the requirements of the ISM Code and the SMC which has been or, as the case may be, shall be issued in respect of the each Vessel is and shall remain valid on the Delivery Drawdown Date and thereafter throughout the Security Period;