Bareboat Charter definition

Bareboat Charter means the bareboat charter agreement to be executed by the Effective Date by the Borrower as owner and the Charterer as bareboat charterer.

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Bareboat Charter means the contract for the lease or sub-lease of a ship, hereinafter referred to as charter, for a stipulated period of time, by virtue of which the charterer shall acquire full control and complete possession of the ship, including the right to appoint her master and crew for the duration of the charter but excluding the right to sell or mortgage the ship;

Bareboat Charter means the bareboat charter contract between an Owner and the Bareboat Charterer relating to a Vessel, in form and substance reasonably satisfactory to the Agent.

Examples of Bareboat Charter in a sentence

With effect on and from the Effective Date, each of the Transaction Documents (other than as specifically amended by this Deed), shall be, and shall be deemed by this Deed to be, amended such that the definition of, and references throughout each of the Transaction Documents shall be construed as if the same referred to the Bareboat Charter incorporating the Amended Charter as its additional clauses.
The Owner and the Charterer designate each New Document, for the purposes of the Bareboat Charter, as a Transaction Document.
By a bareboat charter dated 28 November 2023 (together with all amendments and supplements to it, the "Bareboat Charter") and made between (i) the Charterer and (ii) the Owner, the Owner agreed to bareboat charter the Vessel to the Charterer pursuant to the terms and conditions contained therein.

More Definitions of Bareboat Charter

Bareboat Charter. , in relation to a ship, means the hiring of a ship for a stipulated period on terms which give the charterer possession and control of the ship, including the right to appoint the master and crew and “bareboat charterer” shall be construed accordingly;

Bareboat Charter means the contract for the lease or sub lease of a vessel for a stipulated period of time by virtue of which the charterer acquires full control and complete possession of the vessel, including the right to appoint the master and crew for the duration of the charter, but excluding the right to sell or mortgage the vessel; ‘foreign vessel’ means a vessel that is owned by a person who:

Bareboat Charter means the use of a Southsea Ventures Ltd vessel, as described on the front of this Agreement, for leisure use only. Any use of the Vessel for commercial gain is unacceptable.

Bareboat Charter means, in relation to each Ship, the bareboat charter made or to be made between the relevant Borrower and the Bareboat Charterer in respect of such Ship;

Bareboat Charter means the bareboat charter of the Vessel by the Borrower as owner to the Charterer as bareboat charterer, entered into no later than the Sixth Amendment Effective Date in a form of draft approved by the Facility Agent before the date of the Sixth Amendment Agreement with such reasonable changes thereto as the Facility Agent may approve from time to time.

Bareboat Charter means the bareboat charterparty between the Collateral Rig Operator and the Collateral Rig Owner entered into from time to time, which shall provide that the rights of the Collateral Rig Operator in and to the Collateral Rig and the other Collateral shall be subordinated to the Lien of the Collateral Agent for the benefit of the Secured Creditors.

Bareboat Charter means any Bareboat Charter to which the Pledgor, as owner of the Collateral Rig, is a party.