Lay up. Except with approval, the Ship shall not be laid up or deactivated.
Lay up. The term “
Lay up. A vessel that is in lay-up status is not available for service due to either scheduled or unscheduled maintenance and is not assigned to a route. Lay-up status does not apply to a vessel in stand-by status.
Lay up. (a) Charterer shall have the option of laying up the Vessel (including lay-by) for all or any portion of the Term in accordance with the provisions of this Article 10. Hire under this Charter shall continue to be paid during the period of lay-up and all additional costs incurred as a result of the Vessel entering, remaining in, breaking or leaving lay-up shall be for Charterer’s account and shall be paid to Owner promptly after demand supported by vouchers; provided, however, that there shall be credited against such Hire and costs the full amount which Owner saves during such period of lay-up, unless the Vessel is a Non-Utilized Vessel under section 8.9(e), in which event the relevant provisions of section 8.9 shall apply. Owner shall take all reasonable steps as may be necessary to effect savings in the costs pertaining to the Vessel during any period of lay-up. Should Charterer, having exercised the option granted hereunder, desire the Vessel again to be put into service, Owner shall, upon receipt of notice from Charterer to such effect, immediately take steps to restore the Vessel to service as promptly as reasonably possible. The option granted to Charterer hereunder may be exercised one or more times during the Term.
(b) A period of lay-up shall commence when the Vessel arrives at a lay-up location mutually acceptable to Charterer and Owner following receipt of orders from Charterer directing lay-up of the Vessel. Such lay-up status shall terminate after Charterer has delivered written notice to Owner to take the Vessel out of lay-up, and:
(i) the Vessel has departed the place of lay-up en route to the designated loading port; or
(ii) after completion of any required dry-docking, bottom cleaning or repairs occasioned by the lay-up, the Vessel has departed from the place of the repairs en route to the designated loading port.
Lay up. Charterer shall have the option with Owner’s approval which is not to be unreasonably withheld, of laying-up the Vessels at a safe place for all or any portion of the term of this Charter in which case hire hereunder shall continue to be paid, but there shall be credited against such hire the whole amount which Owner shall save during such period of lay-up through reduction in expenses, less any extra expenses borne by Owner is put as result of such lay-up including, but not limited to, crew repatriation expenses and to keep the Vessels well and properly maintained during such lay-up periods. All reactivation expenses including but not limited to crew joining expenses to be for Charterer’s account. The place of such lay-up shall be subject to Owner’s approval, not to be unreasonably withheld.
Lay up. The Vessels shall not be cold laid up or deactivated.
Lay up. Except with approval of the Required Lenders, no Ship shall be laid up or deactivated.
Lay up. Charterer shall have the option of laying up the FPSO at an agreed safe port or place for all or any part of the Term, in which case the Hire Rate will continue to be paid less all Rate Savings. Charterer shall reimburse Owner for any direct costs and expenses incurred by it as a result of such lay-up, or in breaking lay-up upon resumption of Services (including but not limited to all reasonable demobilization, towing and remobilization costs and all other documented costs of Owner incurred as a direct result of such lay up). The lay-up option granted to Charterer may be exercised one or more times during the Term of this Charter.
Lay up. The Charterer shall be responsible for laying the Vessel up in a safe and acceptable condition and location during such a time as the Vessel is not employed or seeking employment. During any such lay-up period, the Charterer shall ensure that the Vessel is adequately supervised and manned at all times. The costs and expenses in any way related to such lay-up or any reactivation shall be paid by the Charterer.
Lay up. Enterprise shall have the right to require the Vessel to be laid up at an agreed safe port or place for all or any portion of the Charter period instead of working the Vessel. In such case the Hire shall continue to be paid but, if the period of such lay-up exceeds thirty (30) consecutive days the hire shall be reduced by the amount by which Owners reduce (or should reasonably reduce) their operating expenditure.
