Common use of Revenue Sharing Key Clause in Contracts

Revenue Sharing Key. (a) For each of the Member Vessels a key figure ("Revenue Sharing Key") shall be established, expressing the relative theoretical earning capacity of such Member Vessel on a time charter basis (based upon the description of that Member Vessel for the time being contained in the relevant Charterparty), such theoretical earning capacity to be based (inter alia) on the cargo carrying capacity and capabilities and efficiency of operation in and between the respective trades in which the Member Vessels will or would be employed and on any deficiency whatsoever attributable to any Member Vessel, including the consequences of such Member Vessel's age or flag or crewing.

Revenue Sharing Key. (a) For each of the Member Vessels a key figure ("“Revenue Sharing Key"”) shall be established, expressing the relative theoretical earning capacity of such Member Vessel on a time charter basis (based upon the description of that Member Vessel for the time being contained in the relevant Charterparty), such theoretical earning capacity to be based (inter alia) on the cargo carrying capacity and capabilities and efficiency of operation in and between the respective trades in which the Member Vessels will or would be employed and on any deficiency whatsoever attributable to any Member Vessel, including the consequences of such Member Vessel's ’s age or flag or crewing.

Revenue Sharing Key. (a) For each of the Member Vessels a key figure ("“Revenue Sharing Key"”) shall be established, expressing the relative theoretical earning capacity of such Member Vessel on a time charter chatter basis (based upon the description of that Member Vessel for the time being contained in the relevant Charterparty), such theoretical earning capacity to be based (inter alia) on the cargo ,carrying capacity and capabilities and efficiency of operation in and between the respective trades in which the Member Vessels will or would be employed and on any deficiency whatsoever attributable to any Member Vessel, including the consequences of such Member Vessel's ’s age or flag or crewing.