Bareboat Hire definition

Bareboat Hire means, for any Rate Period, the sum of the Base ------------- Hire and the Excess Hire for such Rate Period.
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Bareboat Hire means the bareboat hire payable under each Bareboat Charter in accordance with the terms therein, which shall, for each day the Rig is operational under the Drilling Contracts not fall below USD 85,000 per day until and including 30 June 2015 and not fall below USD 95,000 per day thereafter (net of any VAT payable to Mexican tax authorities in connection with Bareboat Hire payments).
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Examples of Bareboat Hire in a sentence

  • At the expiration of the Charter Period, except as provided in Articles 18 and 19(c), Charterer shall, at its own expense, redeliver the Vessel to Owner at the Redelivery Port and Charterer's obligation to pay additional Bareboat Hire in respect of periods thereafter shall cease.

  • Under no circumstances shall the Bareboat Hire for any Rate Period be lower than the Base Hire for such Rate Period.

  • Charterer shall pay to Owner, as charter hire for ------------- the Vessel Interest, Bareboat Hire in installments with respect to each Rate Period during the Charter Period on the dates and in the amounts provided in Articles 3(c) and (d).

  • Bareboat Hire with respect to any charter entered into pursuant to Article 19(c) following the expiration of this Charter Party shall be payable as provided in Article 19(c).

  • Subject to Article 20(b), all Bareboat Hire ----------------- and Supplemental Hire payable to Owner shall be paid to the Owner's account specified in Schedule 1 to the Participation Agreement or to such other Person or account at such other place as Owner shall specify in writing to the Charterer at least five Business Days prior to the due date thereof.

  • Subject to Article 20(b), all Bareboat Hire and ----------------- Supplemental Hire payable to Owner shall be paid to Owner's account specified in Schedule 1 to the Participation Agreement or to such other Person or account at such other place as Owner shall specify in writing to Charterer at least five Business Days prior to the due date thereof.

Related to Bareboat Hire

  • 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.

  • Houseboat means watercraft primarily used as habitation and not used primarily as a means of transportation.

  • U.S.-flag vessel means a vessel of the United States or belonging to the United States, including any vessel registered or having national status under the laws of the United States.

  • Charterer means a person, firm, corporation, association, partnership, or other legal entity who contracts for the transportation of passengers and baggage, or goods and/or property from a specified origin to a specified destination, for a particular itinerary, agreed upon in advance.

  • Foreign flag vessel means any vessel that is not a U.S.-flag vessel.