Common use of Vessel Documents Clause in Contracts

Vessel Documents. Lender shall have received: (i) Copies of the following documents respecting the Borrower's purchase of the Vessel (certified by Borrower as true, correct and complete): (A) Memorandum of Agreement dated 9th April 2013; (B) Evidence that the Vessel was registered immediately prior to purchase thereof by the seller thereof in the Mxxxxxxx Islands registry free and clear of all liens and encumbrances; (C) Bxxx of Sale in favor of the Borrower; (D) Copy of Permission for Sale issued by the Mxxxxxxx Islands Registry to the Seller of the Vessel respecting the sale of the Vessel to the Borrower; and (E) Protocol of Delivery and Acceptance. (ii) Copies of the following documents that are duly issued, valid and current with respect to the Vessel: (A) A one (1) year validity Provisional Certificate of Registry and Radio License for the Vessel issued under the authority of the Republic of the Mxxxxxxx Islands in the name of the Borrower; (B) Document of Compliance issued under the International Convention for the Safety of Life at Sea, 1974; (C) International Tonnage Certificate (ITC) for the Vessel; (D) International Safety Management Certificate; (E) International Ship Security Certificate; and (F) Confirmation of Class Certificate issued by Nippon Kaiji Kyokai showing the Vessel's assigned class as BULK CARRIER and stating there are no recommendations.

Vessel Documents. Lender shall have received: (i) Copies of the following documents respecting the Borrower's purchase of the Vessel (certified by Borrower as true, correct and complete): (A) Memorandum of Agreement dated 9th April 4th January 2013; (B) Evidence that the Vessel was registered immediately prior to purchase thereof by the seller thereof in the Mxxxxxxx Islands Indian registry free and clear of all liens and encumbrances; (C) Bxxx of Sale in favor of the Borrower; (D) Copy Evidence of Permission for Sale issued by the Mxxxxxxx Islands Registry to the Seller deletion of the Vessel respecting the sale of the Vessel to the Borrowerfrom Indian registry (which may be post-closing); and (E) Protocol of Delivery and Acceptance. (ii) Copies of the following documents that are duly issued, valid and current with respect to the Vessel: (A) A one (1) year validity Provisional Certificate of Registry and Radio License for the Vessel issued under the authority of the Republic of the Mxxxxxxx Islands in the name of the BorrowerIslands; (B) Document of Compliance issued under the International Convention for the Safety of Life at Sea, 1974; (C) International Tonnage Certificate (ITC) for the Vessel; (D) International Safety Management Certificate; (E) International Ship Security Certificate; and (F) Confirmation of Class Certificate issued by Nippon Kaiji Kyokai Det Norske Veritas showing the Vessel's assigned class as BULK CARRIER and stating there are no recommendations.