Common use of Condition of the Ship Clause in Contracts

Condition of the Ship. The Lessee shall procure that the Ship and every part thereof is kept in a good and safe condition and state of repair, ordinary wear and tear excepted, and shall ensure that all repairs to or replacements of lost, damaged or worn parts and equipment are effected in such a manner so as not to diminish the value of the Ship and in any event: 10.3.1 consistent with first-class ship ownership and management standards in relation to ships of the Ship’s age and type; 10.3.2 so as to maintain the Ship’s class, namely “DNV, +1A1 Container Carrier, NAUTICUS (Newbuilding), EO, BIS, TMON, COMF-V(3)C(3), NAUT-OC, BMW-E(d), CLEAN, Green Passport” with Det norske Veritas (or the equivalent classification with another Classification Society), free of overdue conditions affecting the Ship’s class unless waived; 10.3.3 so as to comply with all laws and regulations, including, without limitation, Environmental Laws, and to maintain all certificates, licences and permits applicable to vessels registered in the state of registration for the time being of the Ship being pursuant to clause 12 and to vessels trading to any jurisdiction to which the Ship may trade from time to time in any such case unless waived; and 10.3.4 without prejudice to the foregoing provisions of this clause 10.3, at least to the same standard, on a non-discriminatory basis, as other comparable vessels owned or operated by companies which are Guarantor Group Members.