Compliance with ISPS Code and will procure that each Mortgaged Ship will comply with the requirements of the ISPS Code including (but not limited to) the maintenance and renewal of the ISSC for each Mortgaged Ship pursuant to the ISPS Code and will immediately inform the Agent if there is any actual or threatened withdrawal of the ISSC for any Mortgaged Ship;
Compliance with ISPS Code procure that the Approved Manager or any Operator will:
(i) maintain at all times a valid and current ISSC in respect of the Vessel;
(ii) immediately notify the Lender in writing of any actual or threatened withdrawal, suspension, cancellation or modification of the ISSC in respect of the Vessel; and
(iii) procure that the Vessel will comply at all times with the ISPS Code;
Compliance with ISPS Code the Borrower on the Delivery Date shall have a valid and current ISSC in respect thereof and will comply on the Delivery Date and the Operator complies, with the requirements of the ISPS Code and the ISSC which shall be issued in respect of the Vessel shall remain valid on the Delivery Date and thereafter throughout the Security Period;
Compliance with ISPS Code. 12.10.1 SELLER and BUYER shall comply with the International Code for the Security of Ships and Port Facilities and relevant amendments to Chapter XI of the International Convention for the Safety of Life at Sea, 1974 (SOLAS), hereinafter (ISPS Code), in accordance with Form-I of this Agreement, which shall govern the parties rights and obligations with respect to such compliance.
12.10.2 In the event of any conflict between this Agreement and its Form-I (ISPS CODE TERMS AND CONDITIONS), the terms and conditions of Form-I shall prevail. IN WITNESS of this Agreement, the parties have caused it to be signed on the dates shown below in three copies, each of which shall serve as an original. For and on behalf of BUYER: REPRESENTED BY: For and on behalf of SELLER: REPRESENTED BY:
Compliance with ISPS Code the Owner has a valid and current ISSC in respect of its Vessel and the vessel owned by it and is in full compliance with the ISPS Code;
Compliance with ISPS Code. (a) SELLER and BUYER shall comply with the International Code for the Security of Ships and Port Facilities and relevant amendments to chapter X1 of the International Convention for the Safety of Life at Sea, 1974 (SOLAS), hereinafter (ISPS Code), in accordance with Form-I of this Agreement, which shall govern the parties rights and obligations with respect to such compliance.
(b) In the event of any conflict between this Agreement and its Form-I (ISPS CODE TERMS AND CONDITIONS), the terms and conditions of Form-I shall prevail. IN WITNESS of this Agreement, the parties have caused it to be signed on the dates shown below in two (2) copies, each of which shall serve as a duplicate original. For and on behalf of BUYER: REPRESENTED BY: For and on behalf of SELLER: REPRESENTED BY: By: By: Xxxxxxxx X. Xxxxxxxxx Title: Title: Manager, Crude Oil Sales and Marketing Department Date: Date: : Saudi Arabian Oil Company : Tel: (+000-0) 000-0000 : Crude Oil Sales and Marketing Department : Fax: (+000-0) 000-0000 : TN-1030, Tower Building : Xxxxxxx 00000, Xxxxx Xxxxxx Please be advised that Saudi Aramco will add freight protection to your [REDACTED] lifting of Arabian [REDACTED] and Arabian [REDACTED] grades of crude oil made pursuant to our Spot/Letter Agreement (COSMD-117/2011 dated July 20, 2011) which is destined for your refining facility in the State of Delaware, United States of America, in the case of the Arabian [REDACTED] and your refining facility in the State of New Jersey, United States of America, in the case of the Arabian [REDACTED]. It is expressly understood that Saudi Aramco reserves the right to prospectively revoke this freight protection at any time by giving you written notice of said revocation. Recognizing that the cost of shipping crude oil from [REDACTED] to the U.S. Gulf is subject to monthly fluctuations, Saudi Aramco freight protection is designed to adjust upward or downward the price of [REDACTED] crude oil for the U.S. Gulf destination. Saudi Aramco freight protection is calculated as follows: First, the monthly average cost of shipping crude oil from [REDACTED] is assessed by the [REDACTED]. The [REDACTED] assessment is based on the movement of cargoes of one or two grades of non-heat crude oil in [REDACTED]. The [REDACTED] monthly assessment is made in terms of $ per metric ton. Second, Saudi Aramco adjusts the [REDACTED] monthly assessment from [REDACTED] using a Saudi Aramco monthly calculated percentage factor to reflect the cost o...
Compliance with ISPS Code. SELLER and BUYER shall comply with the International Code for the Security of Ships and Port Facilities and relevant amendments to chapter X1 of the International Convention for the Safety of Life at Sea, 1974 (SOLAS), hereinafter (ISPS Code), in accordance with Form-I of this Agreement, which shall govern the parties rights and obligations with respect to such compliance.
Compliance with ISPS Code the Vessel and any Operator complies or will on the drawdown of the Commitment comply with the requirements of the ISPS Code.
Compliance with ISPS Code each Borrower has a valid and current ISSC in respect of such Vessel and each Vessel will be, in full compliance with the ISPS Code;
Compliance with ISPS Code the Vessel and any Operator complies or will on the Drawdown Date comply with the requirements of the ISPS Code.
