Common use of Valuation of Ships Clause in Contracts

Valuation of Ships. The Market Value of a Ship at any date is that shown by the arithmetic mean of 2 written valuations each prepared: (a) as at a date not more than 30 days prior; (b) by an Approved Broker appointed by the Agent; (c) with or without physical inspection of the Ship (as the Agent may require); (d) on the basis of a sale for prompt delivery for cash on normal arm’s length commercial terms as between a willing seller and a willing buyer, free of any existing charter or other contract of employment; and (e) after deducting the estimated amount of the usual and reasonable expenses which would be incurred in connection with the sale.

Valuation of Ships. The Market Value market value of a Ship at any date is that shown by the arithmetic mean of 2 written valuations each a valuation prepared: (a) as at a date not more than 30 14 days priorpreviously; (b) by an Approved Broker independent sale and purchase shipbroker which the Lender has approved or appointed by for the Agentpurpose; (c) with or without physical inspection of the Ship (as the Agent Lender may require); (d) on the basis of a sale for prompt delivery for cash on normal arm’s 's length commercial terms as between a willing seller and a willing buyer, free of any existing charter or other contract of employment; and; (e) after deducting the estimated amount of the usual and reasonable expenses which would be incurred in connection with the sale.

Valuation of Ships. The Market Value market value of a Ship at any date is that shown by the arithmetic mean of 2 written valuations each a valuation prepared: (a) as at a date not more than 30 10 Business days priorpreviously; (b) by an Approved Broker independent international sale and purchase shipbroker which the Agent has approved or appointed by for the Agentpurpose; (c) with or without physical inspection of the Ship (as the Agent may require); (d) on the basis of a sale for prompt delivery for cash on normal arm’s length commercial terms as between a willing seller and a willing buyer, free of any existing charter or other contract of employment; and; (e) after deducting the estimated amount of the usual and reasonable expenses which would be incurred in connection with the sale.

Valuation of Ships. The Market Value market value of a Ship at any date is that shown by the arithmetic mean average of 2 written valuations each prepared: (a) as at a date not more than 30 14 days priorpreviously; (b) by an Approved Broker independent sale and purchase shipbroker which the Agent has approved or appointed by for the Agentpurpose; (c) with or without physical inspection of the Ship (as the Agent may require); (d) on the basis of a sale for prompt delivery for cash on normal arm’s length commercial terms as between a willing seller and a willing buyer, free of any existing charter or other contract of employment; and; (e) after deducting the estimated amount of the usual and reasonable expenses which would be incurred in connection with the sale.

Valuation of Ships. The Market Value market value of a Ship at any date is that shown by the arithmetic mean average of 2 written two valuations each prepared: (a) as at a date not more than 30 days priorpreviously; (b) by an Approved Broker appointed selected or approved by the Agent; (c) with or without physical inspection of the that Ship (as the Agent may require); (d) on the basis of a sale for prompt delivery for cash on normal arm’s 's length commercial terms as between a willing seller and a willing buyer, free of any existing charter or other contract of employment; and (e) after deducting the estimated amount of the usual and reasonable expenses which would be incurred in connection with the sale.

Valuation of Ships. The Market Value market value of a Ship at any date is that shown by the arithmetic mean average of 2 written two valuations each prepared: (a) as at a date not more than 30 days priorpreviously; (b) by an Approved Broker appointed selected or approved by the Agent; (c) with or without physical inspection of the that Ship (as the Agent may require); (d) on the basis of a sale for prompt delivery for cash on normal arm’s length commercial terms as between a willing seller and a willing buyer, free of any existing charter or other contract of employment; and (e) after deducting the estimated amount of the usual and reasonable expenses which would be incurred in connection with the sale.

Valuation of Ships. The Market Value market value of a Ship at any date is that shown by the arithmetic mean of 2 written valuations each a valuation prepared: (a) as at a date not more than 30 14 days priorpreviously; (b) by an Approved Broker independent sale and purchase shipbroker which the Agent has approved or appointed by for the Agentpurpose; (c) with or without physical inspection of the Ship (as the Agent may require); (d) on the basis of a sale for prompt delivery for cash on normal arm’s 's length commercial terms as between a willing seller and a willing buyer, free of any existing charter or other contract of employment; and (e) after deducting the estimated amount of the usual and reasonable expenses which would be incurred in connection with the sale.