MANAGER’S BASIC OBLIGATIONS Sample Clauses

MANAGER’S BASIC OBLIGATIONS. 3.1 The Manager hereby undertakes at all times during its appointment as the Vessels' commercial manager to use, subject to Clause 3.2, its best endeavours to:- (a) manage all commercial matters relating to the Vessels efficiently for the Owner so far as reasonably practicable but always in accordance with the Owner's instructions as advised to the Manager from time to time; (b) protect and promote the interests of the Owner in all matters directly or indirectly relating to all commercial matters pertaining to the Vessels and the operation, trading and, if and when authorized by the Company, sale of any Vessel; and (c) manage all matters relating to the commercial operation of the Vessels: (i) day-to-day commercial operation of the Vessels; (ii) calculation of freight/hire and providing the Owner with all required information to allow the latter to invoice freight/hire and other charter related items; (iii) handling of chartering disputes and follow-up on discrepancies and overdue items reported by the Owner; (iv) market evaluations and short-term chartering of the Vessels; (v) recommendations to the Owner with respect to possible long-term chartering opportunities for the Vessels; (vi) recommendations to the Owner with respect to possible sale opportunities for the Vessels; (vii) provide forecasting reports concerning the Vessels' income and future expectations; (viii) reporting to the Company's board of directors and managing director; (ix) arrange for insurance cover for the Vessels; and (x) perform such other duties and discharge such other functions as the Owner shall from time to time prescribe. 3.2 Notwithstanding Clause 3.1, it is hereby agreed and declared that the Manager shall not be:- (a) required to perform or exercise any of its obligations, duties, powers or discretions under or pursuant to this Agreement so as to give any special preference to the Owner, it being understood and agreed that the Owner is one of several companies in respect of which the Manager is likewise appointed manager and that the Manager has other vessels for which it is responsible; or (b) restricted (whether as manager, agent, owner, operator, charterer or otherwise) from carrying on or being concerned or interested in any business or activity which is or may be similar to or competitive with the business or activities now or at any time hereafter carried on by the Owner; this does not in any way relieve the Manager of its obligations under Clause 3.1 herein above; or...

MANAGER’S BASIC OBLIGATIONS. 4.1 Manager hereby undertakes at all times during its appointment as agent for Builder to provide the services required under this Agreement efficiently and with due diligence in accordance with: (a) first class international LNG ship management and operating practice; (b) any applicable law; (c) the policies and lawful instructions from time to time made or given by Builder; and (d) the practices of Manager as communicated to Builder in writing (always provided that such practices are in accordance with first class international LNG shipping practice).