Charter Earnings definition

Charter Earnings means all moneys whatsoever from time to time payable by the Charterer to the Owner under or pursuant to the Charter and/or any moneys payable to the Owner under or pursuant to the Charter Guarantee and/or any guarantee, security or other assurance given to the Owner at any time in respect of the Charterer's obligations under or pursuant to the Charter;
View Source
Charter Earnings means all money at any time payable to the Owner under or pursuant to the Charter Documents, damages for breach of any of them and payments for termination or variation of any of them.
View Source
Charter Earnings means, in relation to a Chartered Ship, all moneys whatsoever from time to time due and payable to the relevant Obligor arising out of the chartering or other employment or utilisation of such Chartered Ship including any pool earnings and any damages for breach (or payments for variation or termination) of any charterparty or other contract for the employment of such Chartered Ship.
View Source

Examples of Charter Earnings in a sentence

  • By its execution of this Deed, each of the Charterer and the Charter Guarantor has received written notice of, and consents to, the assignment to the Mortgagee of the Charter, the Charter Earnings, the other Charter Rights and the Charter Guarantee.

  • By its execution of this Deed, each of the Charterer and the Charter Guarantor has received written notice of, and consents to, the assignment to the Mortgagee of the Charter, the Charter Earnings and the other Charter Rights and the Charter Guarantee.

  • By its execution of this Deed, the Charterer has received written notice of, and consents to, the assignment to the Security Agent of the Charter Earnings and the other Charter Rights.

  • Upon payment and discharge in full to the satisfaction of the Security Agent of the Outstanding Indebtedness, the Security Agent shall, at the request and cost of the Owner, re-assign the Charter Earnings and the other Owner’s Earnings, the other Charter Rights, the Insurances and any Requisition Compensation to the Owner or as it may direct.

  • Upon payment and discharge in full to the satisfaction of the Mortgagee of the Outstanding Indebtedness, the Mortgagee shall, at the request and cost of the Owner, re-assign the Charter Earnings and the other Owner's Earnings, the other Charter Rights, the Insurances and any Requisition Compensation to the Owner or as it may direct.

  • The Assignor undertakes and covenants with the Agent to give notice of this Deed to the Charterer, the Charter Guarantor and the insurer or any other third parties from which any Charter Earnings or other Earnings, Insurances or other amounts are or may become payable in the form set out in Appendices 1 to 3 hereto (as the case may be) or such other form as the Agent may require, and procure that any recipient of such notice acknowledge receipt of such notices in the forms attached to such Appendices.

  • Upon payment and discharge in full to the satisfaction of the Security Agent of the Outstanding Indebtedness, the Security Agent shall, at the request and cost of the Owner, re-assign the Charter Earnings and the other Owner's Earnings, the other Charter Rights, the Insurances and any Requisition Compensation to the Owner or as it may direct.

  • Any Charter Earnings then in the hands of an agent of the Owner shall be deemed to be held to the order of the Mortgagee.

  • By its execution of this Deed, the Charterer has received written notice of, and consents to, the assignment to the Mortgagee of the Charter Earnings and the other Charter Rights.

  • Figure 20: Second-Hand Asset Value, 5-year old MR, versus 1-year Time Charter Earnings.


More Definitions of Charter Earnings

Charter Earnings means any and all rights, privileges and benefits of the Chargor to receive payment of monies or other property or interest in relation to the use, hire or operation of any of
View Source