Bareboat Charters definition
Examples of Bareboat Charters in a sentence
The Borrower undertakes with each Creditor Party to procure that each Owner will comply with the following provisions of this Clause 13 at all times during the Security Period (after the Ship which is owned or to be owned by that Owner has been delivered to it under the relevant Shipbuilding Contract) except as the Agent may, with the authorisation of the Majority Lenders, otherwise permit or except as provided in the Bareboat Charters with BP or any future bareboat charter with BP.
The Vessel is not subject to any Charter other than the Bareboat Charters and the Time Charter.
As announced in the Company’s requisite announcement dated 21 March 2014, the Company is making its business expansion into the maritime transportation industry in Indonesia via the Bareboat Charters.
The Agent and the Investor Participant shall have received true and complete copies of the MARAD approvals of the Bareboat Charters and the Time Charters.
Yours truly, (signature) RE: Bareboat Charters RE: Bareboat Charters Claims Involving Third Parties Article 1.01, 2.