Common use of Registration of Ships Clause in Contracts

Registration of Ships. In relation to a Deferred Ship, evidence that each Ship: (a) is legally and beneficially owned by the Owner and registered at least provisionally in the name of the Owner through the relevant Registry as a ship under the laws and flag of the relevant Flag State; (b) is classed with the relevant Classification free of any overdue requirements and recommendations of the relevant Approved Classification Society, such evidence being the classification certificate for each Ship issued by the relevant Approved Classification Society; and (c) is insured in the manner required by the Finance Documents.

Registration of Ships. In relation to a Deferred each Initial Ship, evidence that each Ship: (a) is legally and beneficially owned by the Owner and registered at least provisionally in the name of the Owner through the relevant Registry as a ship under the laws and flag of the relevant Flag State; (b) is classed with the relevant Classification free of any overdue requirements and recommendations of the relevant Approved Classification Society, such evidence being the classification certificate for each Ship issued by the relevant Approved Classification Society; and (c) is insured in the manner required by the Finance Documents.

Registration of Ships. In relation to a Deferred Ship, evidence Evidence that each Ship: (a) is legally and beneficially owned by the Owner relevant Borrower (as owner) and registered at least provisionally in the name of the Owner that Borrower through the relevant Registry as a ship under the laws and flag of the relevant Flag State; (b) is classed with the relevant Classification free of any overdue requirements and recommendations of the relevant Approved Classification Society, such evidence being the classification certificate for each Ship issued by the relevant Approved Classification Society; and (c) is insured in the manner required by the Finance Documents.