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Common use of Trading Limits Clause in Contracts

Trading Limits. The Vessel shall be employed in lawful trades for the carriage of suitable lawful merchandise within the trading limits indicated in Box 19. The Charterers undertake not to employ the Vessel or suffer the Vessel to be employed otherwise than in conformity with the terms of the instruments of insurance (including any warranties expressed or implied therein) without first obtaining the consent to such employment of the insurers and complying with such requirements as to extra premium or otherwise as the insurers may prescribe. If required, the Charterers shall keep the Owners and the Mortgagees advised of the intended employment of the Vessel. The Charterers also undertake not to employ the Vessel or suffer her employment in any trade or business which is forbidden by the law of any country to which the Vessel may sail or is otherwise illicit or in carrying illicit or prohibited goods or in any manner whatsoever which may render her liable to condemnation, destruction, seizure or confiscation. Notwithstanding any other provisions contained in this Charter it is agreed that nuclear fuels or radioactive products or waste are specifically excluded from the cargo permitted to be loaded or carried under this Charter. This exclusion does not apply to radio-isotopes used or intended to be used for any industrial, commercial, agricultural, medical or scientific purposes provided the Owners prior approval has been obtained to loading thereof.

Appears in 2 contracts

Samples: Bareboat Charter Agreement (Commodore Holdings LTD), Bareboat Charter Agreement (Commodore Holdings LTD)

Trading Limits. The Vessel shall be employed in lawful trades fishing and fish processing for the carriage of suitable lawful merchandise within the trading limits Limits indicated in Box 19. The Charterers Subcharterers undertake not to employ the Vessel or suffer the Vessel to be employed otherwise than in conformity with the terms of the instruments of insurance (including any warranties expressed or implied therein) without first obtaining the consent to such employment of the insurers Insurers and complying with such requirements as to extra premium or otherwise as the insurers Insurers may prescribe. If required, the Charterers Subcharterers shall keep the Owners Charterer and the Mortgagees advised of the intended employment of the Vessel. The Charterers Subcharterers also undertake not to employ the Vessel or suffer her employment in any trade or business which is forbidden by the law of any country to which the Vessel may sail or is otherwise illicit or in carrying illicit or prohibited goods or in any manner whatsoever which may render her liable to condemnationcondemnat ion, destruction, seizure or confiscation. Notwithstanding any other provisions contained in this Charter it is agreed that nuclear fuels or radioactive products or waste are specifically excluded from the cargo permitted to be loaded or carried under this thi s Charter. This exclusion does not apply to radio-isotopes used or intended to be used for any industrial, commercial, agricultural, medical or scientific purposes provided the Owners Charterer' prior approval has been obtained to loading thereof.

Appears in 1 contract

Samples: Bareboat Charter Agreement

Trading Limits. The Vessel shall be employed in lawful trades for the carriage of suitable lawful merchandise within the trading limits indicated in Box 19Xxx 00. The Charterers undertake not to employ the Vessel or suffer the Vessel to be employed otherwise than in conformity with the terms of the instruments Instruments of insurance Insurance (including any warranties expressed or implied therein) without first obtaining the consent to such employment of the insurers Insurers and complying with such requirements as to extra premium or otherwise as the insurers Insurers may prescribe. If required, the Charterers shall keep the Owners and the Mortgagees advised of the intended Intended employment of the Vessel. The Charterers also undertake not to employ the Vessel or suffer her employment in any trade or business which is forbidden by the law of any country to which the Vessel may sail or is otherwise illicit or in carrying illicit or prohibited goods or in any manner whatsoever which may render her liable to condemnation, destruction, seizure or confiscation. Notwithstanding any other provisions contained in this Charter charter it is agreed that nuclear fuels or radioactive products or waste are specifically excluded from the cargo permitted to be loaded or carried under this Charter. This exclusion does not apply to radio-isotopes used or intended to be used for any industrial, industrial commercial, agricultural, medical or scientific purposes provided the Owners Owners' prior approval has been obtained to loading thereof.

Appears in 1 contract

Samples: Memorandum of Agreement (Horizon Offshore Inc)