Common use of Drydocking, Repairs and Improvements Clause in Contracts

Drydocking, Repairs and Improvements. Subject to Section 9.2, the Manager shall arrange for and supervise the drydockings, repairs, alterations and maintenance of each Vessel to the standards required to ensure that such Vessel will comply, in all material respects, with the laws of the flag of such Vessel and of the jurisdictions where such Vessel trades and all requirements and recommendations of the applicable classification society. The Company shall directly pay the relevant third party providing drydocking , repair, alteration or maintenance services all fees and costs for the same.

Appears in 4 contracts

Samples: Management Agreement (Genco Shipping & Trading LTD), Management Agreement (Baltic Trading LTD), Management Agreement (Baltic Trading LTD)

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