Common use of DELIVERY OF THE VESSEL Clause in Contracts

DELIVERY OF THE VESSEL. A. The Vessel will be delivered by Owner hereunder to Charterer as is and where is at the Port of Palm Beach, Florida as of the date hereof ("Delivery"). B. Representatives of Owner and Charterer shall jointly execute a Certificate of Delivery and Acceptance, in the form attached hereto and marked as Appendix B, acknowledging the delivery and receipt of the Vessel. C. At the time of Delivery the Vessel shall be fully classed by Det Norske Veritas, free of all outstanding recommendations, and shall have all her certificates, including those, if any, issued by the United States Coast Guard, current and not extended. If any of the Vessel's classification or Coast Guard certificates require renewal at the time of Delivery, such renewals shall be paid for by Charterer. Charterer shall keep the Vessel's documentation and classification certificates in full force and effect during the term of this Charter or any extensions thereof, providing copies of such certificates to Owner when issued, and shall renew all such certificates at the time of any Redelivery under Article 13 whether or not due for renewal, unless otherwise agreed to by the parties. Further, subject to the prior written approval of Owner, such approval not to be unreasonably withheld, Charterer may change the Vessel's classification society. D. Concurrently with the Delivery of the Vessel hereunder, Owner shall assign to Charterer all of its rights, title and interest in and to any warranties and guaranties which Owner may have, provided that the same, if still in effect, shall be reassigned to Owner upon Redelivery of the Vessel. If any such warranty or guaranty is not fully assignable to Charterer, Owner shall cooperate with Charterer to enforce its rights thereunder.

Appears in 4 contracts

Samples: Bareboat Charter and Option to Purchase (International Thoroughbred Breeders Inc), Bareboat Charter and Option to Purchase (International Thoroughbred Breeders Inc), Bareboat Charter and Option to Purchase (International Thoroughbred Breeders Inc)

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DELIVERY OF THE VESSEL. A. The Vessel will be delivered by Owner hereunder to Charterer as is and where is at the Port of Palm Beach, Florida as of on the date hereof ("Delivery"). B. Representatives of Owner and Charterer shall jointly execute a Certificate of Delivery and Acceptance, in the form attached hereto and marked as Appendix B, acknowledging the delivery and receipt of the Vessel. C. At the time of Delivery the Vessel shall be fully classed by Det Norske Veritas, free of all outstanding recommendations, and shall have all her certificates, including those, if any, issued by the United States Coast Guard, current and not extended. If any of the Vessel's classification or Coast Guard certificates require renewal at the time of Delivery, such renewals shall be paid for by ChartererCharterer as the immediate prior owner of the Vessel. The Charterer shall keep the Vessel's documentation and classification certificates in full force and effect during the term of this Charter or any extensions thereof, providing copies of such certificates to Owner when issued, and shall renew all such certificates at the time of any Redelivery under Article 13 whether or not due for renewal, unless otherwise agreed to by the parties. Further, subject to the prior written approval of Owner, such approval Owner (which shall not to be unreasonably withheld), Charterer may change the Vessel's classification society. D. Concurrently with the Delivery of the Vessel hereunder, the Owner shall assign to the Charterer all of its rights, title and interest in and to any warranties and guaranties which the Owner may have, provided that the same, if still in effect, shall be reassigned to Owner upon Redelivery of the Vessel. If any such warranty or guaranty is not fully assignable to the Charterer, the Owner shall cooperate with Charterer to enforce its rights thereunder.

Appears in 1 contract

Samples: Bareboat Charter and Option to Purchase (International Thoroughbred Breeders Inc)

DELIVERY OF THE VESSEL. A. The Vessel will be delivered by Owner hereunder to Charterer as is at a safe and where is accessible berth or anchorage at the Port of Palm BeachJoliet, Florida as of Illinois on or about the date hereof ("Delivery"). B. Representatives of Owner and Charterer shall jointly execute a Certificate of Delivery and Acceptance, in the form attached hereto and marked as Appendix B, acknowledging the delivery and receipt of the Vessel. C. At Due to the time planned modification of Delivery the Vessel, the Vessel shall be fully classed by Det Norske Veritasaccepted As Is and Where Is, free of all outstanding recommendations, not in class and shall have all her certificates, including those, if any, issued by the without any required United States Coast GuardGuard Certificate of Inspection. Charterer has obtained, current independent from Owner, all classification and not extended. If Coast Guard certificates for the Vessel and if any of the Vessel's classification or Coast Guard certificates require renewal at the time of Delivery, such renewals shall be paid for by ChartererCharterer and Charterer accepts full responsibility for obtaining any classification or certificates required for the Vessel. The Charterer shall keep the Vessel's documentation and classification certificates in full force and effect during the term of this Charter or any extensions thereof, providing copies of such certificates to Owner when issued, and shall renew all such certificates at the time of any Redelivery under Article 13 whether or not due for renewal, unless otherwise agreed to by the parties. Further, subject to the prior written approval of Owner, such approval not to be unreasonably withheld, Charterer may change the Vessel's classification society. D. Concurrently with the Delivery of the Vessel hereunder, the Owner shall assign to the Charterer all of its rights, title and interest in and to any warranties and guaranties which the Owner may have, provided that the same, if still in effect, shall be reassigned to Owner upon Redelivery of the Vessel. If any such warranty or guaranty is not fully assignable to the Charterer, the Owner shall cooperate with Charterer to enforce its rights thereunder.

Appears in 1 contract

Samples: Sub Bareboat Charter (International Thoroughbred Breeders Inc)

DELIVERY OF THE VESSEL. A. The Vessel will be delivered by Owner hereunder to Charterer as is at a safe and where is accessible berth or anchorage at the Port of Palm BeachJoliet, Florida as of Illinois on the date hereof ("Delivery"). B. Representatives of Owner and Charterer shall jointly execute a Certificate of Delivery and Acceptance, in the form attached hereto and marked as Appendix B, acknowledging the delivery and receipt of the Vessel. C. At Due to the time planned modification of Delivery the Vessel, the Vessel shall be fully classed by Det Norske Veritasaccepted As Is and Where Is, free of all outstanding recommendations, not in class and shall have all her certificates, including those, if any, issued by the without any required United States Coast GuardGuard Certificate of Inspection. Charterer will obtain, current independent from Owner, all classification and not extended. If Coast Guard certificates for the Vessel and if any of the Vessel's classification or Coast Guard certificates require renewal at the time of Delivery, such renewals shall be paid for by ChartererCharterer and Charterer accepts full responsibility for obtaining any classification or certificates required for the Vessel. The Charterer shall keep the Vessel's documentation and classification certificates in full force and effect during the term of this Charter or any extensions thereof, providing copies of such certificates to Owner when issued, and shall renew all such certificates at the time of any Redelivery under Article 13 whether or not due for renewal, unless otherwise agreed to by the parties. Further, subject to the prior written approval of Owner, such approval not to be unreasonably withheld, Charterer may change the Vessel's classification society. D. Concurrently with the Delivery of the Vessel hereunder, the Owner shall assign to the Charterer all of its rights, title and interest in and to any warranties and guaranties which the Owner may have, provided that the same, if still in effect, shall be reassigned to Owner upon Redelivery of the Vessel. If any such warranty or guaranty is not fully assignable to the Charterer, the Owner shall cooperate with Charterer to enforce its rights thereunder.

Appears in 1 contract

Samples: Bareboat Charter and Option to Purchase (International Thoroughbred Breeders Inc)

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DELIVERY OF THE VESSEL. A. The Vessel will be delivered by Owner hereunder to Charterer as is and where is at the Port of Palm Beach, Florida as of on the date hereof ("Delivery"). B. Representatives of Owner and Charterer shall jointly execute a Certificate of Delivery and Acceptance, in the form attached hereto and marked as Appendix B, acknowledging the delivery and receipt of the Vessel. C. At the time of Delivery the Vessel shall be fully classed by Det Norske Veritas, free of all outstanding recommendations, and shall have all her certificates, including those, if any, issued by the United States Coast Guard, current and not extended. If any of the Vessel's classification or Coast Guard certificates require renewal at the time of Delivery, such renewals shall be paid for by ChartererCharterer as the immediate prior owner of the Vessel. The Charterer shall keep the Vessel's documentation and classification certificates in full force and effect during the term of this Charter or any extensions thereof, providing copies of such certificates to Owner when issued, and shall renew all such certificates at the time of any Redelivery under Article 13 whether or not due for renewal, unless otherwise agreed to by the parties. Further, subject to the prior written approval of Owner, such approval not to be unreasonably withheld, Charterer may change the Vessel's classification society. D. Concurrently with the Delivery of the Vessel hereunder, the Owner shall assign to the Charterer all of its rights, title and interest in and to any warranties and guaranties which the Owner may have, provided that the same, if still in effect, shall be reassigned to Owner upon Redelivery of the Vessel. If any such warranty or guaranty is not fully assignable to the Charterer, the Owner shall cooperate with Charterer to enforce its rights thereunder.

Appears in 1 contract

Samples: Sub Bareboat Charter (International Thoroughbred Breeders Inc)

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