Sub-letting/Assignment/Novation Sample Clauses
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Sub-letting/Assignment/Novation. (a) Charterer may sub-let the Vessel, but shall always remain responsible to Owner for due fulfilment of this Time Charter Party.
(b) Charterer may assign or novate this Time Charter Party to another entity within the Gazprom Group subject to Owner’s approval, which shall not be unreasonably withheld or delayed, but shall always remain responsible to Charterer for due fulfillment of this Time Charter Party.
(c) Notwithstanding anything to the contrary in this Time Charter Party, Owners may assign or novate this charter to Vessel’s financiers subject to Charterers approval, which shall not be unreasonably withheld or delayed, but shall always remain responsible to Charterers for due fulfillment of this charter.
Sub-letting/Assignment/Novation. Charterers may sub-let the vessels, but shall always remain responsible to Owners for due fulfilment of this charter.
Sub-letting/Assignment/Novation. (a) Charterers may sub-let the Vessel to any Affiliate of Charterers without Owners’ permission. Charterers shall nevertheless remain fully responsible to Owners for due fulfilment of this charter.
(b) Charterers may sub-let the Vessel to any non-Affiliate or third-party company with Owners’ permission, such permission shall not be unreasonably withheld, conditioned or delayed. Charterers shall nevertheless remain fully responsible to Owners for due fulfilment of this charter. Nonapproval by Owners of such intended sub-charterer on the grounds that such entity would not meet Owners’ counterparty due diligence requirements or KYC processes for a direct contractual relationship, shall be deemed to be reasonable.
(c) Where a sub-charter is permitted Charterers shall include a clause in that subcharter requiring the sub-charterer to provide full style contact details, including twenty-four (24) hour emergency contact number, directly to both master and Owners.
(d) Either Party may assign their rights under this charter to any of their Affiliates. Neither Party may assign their rights to a non-Affiliate without the written consent of the other Party.
(e) Neither Party may novate this charter.