Common use of Standard of Maintenance Clause in Contracts

Standard of Maintenance. Each Shipowner shall keep its Mortgaged Ship and Mortgaged Linkspans (if any) in a good and efficient state of repair so as (in the case of each Ship) to entitle such Ship to its Classification with a Classification Society free of any requirement or recommendation affecting class which has not been complied with in accordance with its terms and (in the case of each Ship and Linkspan) so as to comply with all material legislation of the Flag State and all other legislation, regulations and requirements of any government, governmental agency or other regulatory authority (statutory or otherwise) from time to time applicable to such Ship and Linkspans. Each Shipowner shall procure that all appropriate repairs to or replacements of any damaged, worn or lost parts or equipment are carried out (both as regards workmanship and quality of materials) so as not to diminish the value or class of its Mortgaged Ship or Mortgaged Linkspans.