Common use of Condition of Vessel Clause in Contracts

Condition of Vessel. The Owners acknowledge that they are aware that the Managers are unable to confirm that the Vessel, its systems, equipment and machinery are free from defects, and agree that the Managers shall not in any circumstances be liable for any losses, costs, claims, liabilities and expenses which the Owners may suffer or incur resulting from pre-existing or latent deficiencies in the Vessel, its systems, equipment and machinery.

Appears in 10 contracts

Samples: Ship Technical Management Agreement (United Maritime Corp), Ship Technical Management Agreement (Seanergy Maritime Holdings Corp.), Ship Technical Management Agreement (Seanergy Maritime Holdings Corp.)

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Condition of Vessel. The Owners acknowledge that they are aware that the Managers are unable to confirm that the Vessel, its systems, equipment and machinery are free from defects, and agree that the Managers shall not in any circumstances be liable for any losses, costs, claims, liabilities and expenses which the Owners may suffer or incur resulting from pre-existing preexisting or latent deficiencies in the Vessel, its systems, equipment and machinery.. Ship Technical Management Agreement owners managers

Appears in 2 contracts

Samples: Novation Agreement (Seanergy Maritime Holdings Corp.), Loan Agreement (Seanergy Maritime Holdings Corp.)

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