Common use of ISPS Code Clause in Contracts

ISPS Code. Each Obligor shall, and shall procure that the Manager shall, or, in the case of a Collateral Vessel subject to a Charter which is a demise or bareboat charter to a person who is not a member of the Guarantor Group, shall procure that the Charterer of such Collateral Vessel at all times shall: (a) comply and be responsible for compliance by itself and by each Collateral Vessel with the ISPS Code; and (b) ensure that: (i) each Collateral Vessel has a valid International Ship Security Certificate; (ii) each Collateral Vessel’s security system and its associated security equipment comply with section 19.1 of Part Appendix 1 of the ISPS Code; (iii) each Collateral Vessel’s security system and its associated security equipment comply in all respects with the applicable requirements of Chapter XI-2 of SOLAS and Appendix 1 of the ISPS Code; and (iv) an approved ship security plan is in place.

ISPS Code. Each Obligor shall, and shall procure that the Manager shall, or, in the case of a Collateral Vessel subject to a Charter which is a demise or bareboat charter to a person Person who is not a member of the Guarantor Group, shall procure that the Charterer of such Collateral Vessel at all times shall: (a) comply and be responsible for compliance by itself and by each Collateral Vessel with the ISPS Code; and (b) ensure that: (i) each Collateral Vessel has a valid International Ship Security Certificate; (ii) each Collateral Vessel’s 's security system and its associated security equipment comply with section 19.1 of Part Appendix 1 of the ISPS Code; (iii) each Collateral Vessel’s 's security system and its associated security equipment comply in all respects with the applicable requirements of Chapter XI-2 of SOLAS and Appendix 1 of the ISPS Code; and (iv) an approved ship security plan is in place.

ISPS Code. Each Obligor shall, and shall procure that the Manager shall, or, in the case of a Collateral Vessel subject to a Charter which is a demise or bareboat charter to a person Person who is not a member of the Guarantor Group, shall procure that the Charterer of such Collateral Vessel at all times shall: (ai) comply and be responsible for compliance by itself and by each Collateral Vessel with the ISPS Code; and (bii) ensure that: (i1) each Collateral Vessel has a valid International Ship Security Certificate; (ii2) each Collateral Vessel’s 's security system and its associated security equipment comply with section 19.1 of Part Appendix 1 of the ISPS Code; (iii3) each Collateral Vessel’s 's security system and its associated security equipment comply in all respects with the applicable requirements of Chapter XI-2 of SOLAS and Appendix 1 of the ISPS Code; and (iv4) an approved ship security plan is in place.

ISPS Code. Each Obligor shall, and shall procure that the Manager shall, or, in the case of a Collateral Vessel subject to a Charter which is a demise or bareboat charter to a person Person who is not a member of the Guarantor Group, shall procure that the Charterer of such Collateral Vessel at all times shall: (a) comply and be responsible for compliance by itself and by each Collateral Vessel with the ISPS Code; and (b) ensure that: (i) each Collateral Vessel has a valid International Ship Security Certificate; (ii) each Collateral Vessel’s security system and its associated security equipment comply with section 19.1 of Part Appendix 1 of the ISPS Code; (iii) each Collateral Vessel’s security system and its associated security equipment comply in all respects with the applicable requirements of Chapter XI-2 of SOLAS and Appendix 1 of the ISPS Code; and (iv) an approved ship security plan is in place.

ISPS Code. Each Obligor shall, and shall procure that the Manager shall, or, shall or in the case of a Collateral Vessel subject to a Charter which is a demise or bareboat charter to a person who is not a member of the Guarantor Group, shall procure that the Charterer of such Collateral Vessel at all times shall: (a) comply and be responsible for compliance by itself and by each Collateral Vessel with the ISPS Code; and (b) ensure that: (i) each Collateral Vessel has a valid International Ship Security Certificate; (ii) each Collateral Vessel’s security system and its associated security equipment comply with section 19.1 of Part Appendix 1 of the ISPS Code; (iii) each Collateral Vessel’s security system and its associated security equipment comply in all respects with the applicable requirements of Chapter XI-2 of SOLAS and Appendix 1 of the ISPS Code; and (iv) an approved ship security plan is in place.