PERFORMANCE OF CHARTER Sample Clauses
The 'Performance of Charter' clause defines the obligations and standards that the charterer and owner must meet during the execution of the charter agreement. It typically outlines the responsibilities for providing a seaworthy vessel, ensuring timely delivery, and maintaining compliance with agreed-upon routes and schedules. For example, it may specify the condition in which the vessel must be maintained or the procedures for reporting delays. This clause ensures that both parties understand their duties, thereby minimizing disputes and ensuring the smooth operation of the charter.
PERFORMANCE OF CHARTER. The Shipowner will fully perform, or cause to be performed, any and all charterparties and contracts of affreightment which are, or may be, entered into with respect to the Ship.
PERFORMANCE OF CHARTER. The Borrower will perform the Charter in accordance with its terms and will not without the prior written consent of the Bank terminate or purport to terminate the Charter (irrespective of the terms of the Charter) the Borrower acknowledging by its execution of this Agreement that, if any such consent is given by the Bank, the Bank shall be under no liability in the event that any termination of the Charter is subsequently adjudged to constitute a repudiation of the Charter.