Common use of NO DEMISE Clause in Contracts

NO DEMISE. Except as specifically provided in section 23.3 relating to the right of Charterer to take possession of and operate the Vessel at its sole risk and expense upon default by Owner under this Charter, no provision of this Charter shall be interpreted as constituting a demise of the Vessel by Owner to Charterer.

Appears in 4 contracts

Samples: LNG Regassification Vessel Time Charter Party (Exmar Energy Partners LP), LNG Vessel Time Charter Party (Exmar Energy Partners LP), LNG Regassification Vessel Time Charter Party (Exmar Energy Partners LP)

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