Crew Support Costs means all expenses of a general nature which are not particularly referable to any individual vessel for the time being managed by the Managers and which are incurred by the Managers for the purpose of providing an efficient and economic management service and, without prejudice to the generality of the foregoing, shall include the cost of crew standby pay, training schemes for officers and ratings, cadet training schemes, sick pay, study pay, recruitment and interviews.
Crew Support Costs means all expenses of a general nature which are not particularly referable to any individual vessel for the time being managed by the Managers and which are incurred by the Managers for the purpose of providing an efficient and economic management service and, without prejudice to the generality of the foregoing, shall include the cost of crew standby pay, training schemes for officers and ratings, cadet training schemes, sick pay, study pay, recruitment and interviews. “Severance Costs” means the costs which the employers are legally obliged to pay to or in respect of the Crew as a result of the early termination of any employment contract for service on the Vessel.
Crew Support Costs means all expenses of a general nature which are not particularly referable to any individual vessel for the time being managed by the Managers and which are incurred by the Managers for the purpose of providing an efficient and economic management service and, without prejudice to the generality of the foregoing, shall include the cost of crew standby pay, training schemes for officers and ratings, cadet training schemes, sick pay, study pay, recruitment and interviews. "Severance Costs" means the costs which the employers are legally obliged to pay to or in respect of the Crew as a result of the early termination of any employment contract for service on the Vessel. "Crew Insurances" means insurances against crew risks which shall include but not be limited to death, sickness, repatriation, injury, shipwreck unemployment indemnity and loss of personal effects. "Management Services" means the services specified in sub-clauses 3.1 to 3.8 as indicated affirmatively in Boxes 5 to 12, and the undertaking specified in Clause 23. "ISM Code" means the International Management Code for the Safe Operation of Ships and for Pollution Prevention as adopted by the International Maritime Organization (IMO) by resolution A.741(18) or any subsequent amendment thereto. "STCW 95" means the International Convention on Standards of Training, Certification and Watchkeeping to Seafarers, 1978, as amended in 1995 or any subsequent amendment thereto. "Time Charter" means the time charter party between Owners as owners and Stena Bulk AB (the "Time Charterers") as charterers effective attached hereto as Annex 1. "Agreement" means Part I, Part II, including Additional Clauses 21-31 as well as Annex 1.
Examples of Crew Support Costs in a sentence
For the financial instrument in -Stage 3, the interest income is calculated by applying the effective interest rate to the amortised cost (after deduction of the impairment provision from the gross carrying amount).
The Owners shall reimburse the Managers for all expenses properly incurred under the terms of this Agreement on behalf of the Owners, including, without prejudice to the foregoing generality, postage and communication expenses, Crew Support Costs, vessel documentation, administrative expenses of the SOPEP and SSP, travelling expenses and other out of pocket expenses properly incurred by the Managers in pursuance of the Management Services.
In addition, provided that the Managers provide Crew for the Vessel in accordance with Clause 3.1: the Owners shall continue to pay Crew Support Costs during the said further period of three calendar months and the Owners shall pay an equitable proportion of any Severance Costs which may materialize, not exceeding the amount staled in Box 16.
More Definitions of Crew Support Costs
Crew Support Costs means all expenses of a general nature which are not particularly referable to any 12 individual vessel for the time being managed by the Managers and which are incurred by the Managers for the 13 purpose of providing an efficient and economic management service and, without prejudice to the generality 14 of the foregoing, shall include the cost of crew standby pay, training schemes for officers and ratings, cadet 15 training schemes, sick pay, study pay, recruitment and interviews. 16 “Guarantor” means Scorpio Bulkers Inc. “Flag State” means the State whose flag the Vessel is flying. 17 “ISM Code” means the International Management Code for the Safe Operation of Ships and for Pollution 18 Prevention and any amendment thereto or substitution therefor. 19 “ISPS Code” means the International Code for the Security of Ships and Port Facilities and the relevant 20 amendments to Chapter XI of SOLAS and any amendment thereto or substitution therefor. 21 “Managers” means the party identified in Box 4. 22 “Management Services” means the services specified in SECTION 2—Services (Clauses 4 through 7) as 23 indicated affirmatively in Boxes 6 through 8, 10 and 11, and all other functions performed by the Managers 24 under the terms of this Agreement. 25 “Master Agreement” means the deed of Master Agreement effective as of 27 September 2013 entered into by and between the Guarantor, the Guarantor on behalf of any existing and future wholly owned subsidiaries, Scorpio Ship Management X.X.X and the Managers. “Owners” means the party identified in Box 3. 26 “Severance Costs” means the costs which are legally required to be paid to the Crew as a result of the early 27 termination of any contracts for service on the Vessel. 28 “SMS” means the Safety Management System (as defined by the ISM Code). 29 “STCW 95” means the International Convention on Standards of Training, Certification and Watchkeeping 30 for Seafarers, 1978, as amended in 1995 and any amendment thereto or substitution therefor. 31 “Vessel” means the vessel or vessels details of which are set out in Annex “A” attached hereto. 32
Crew Support Costs means all expenses of a general nature which are not particularly referable to any 12 individual vessel for the time being managed by the Managers and which are incurred by the Managers for the 13 purpose of providing an efficient and economic management service and, without prejudice to the generality 14 of the foregoing, shall include the cost of crew standby pay, training schemes for officers and ratings, cadet 15 training schemes, sick pay, study pay, recruitment and interviews as pertain only to the Vessel and her 16 requirements. “Flag State” means the State whose flag the Vessel is flying. 17 “Guarantor” means Scorpio Bulkers Inc. “ISM Code” means the International Management Code for the Safe Operation of Ships and for Pollution 18 Prevention and any amendment thereto or substitution therefor. 19 “ISPS Code” means the International Code for the Security of Ships and Port Facilities and the relevant 20 amendments to Chapter XI of SOLAS and any amendment thereto or substitution therefor. 21 “Managers” means the party identified in Box 4. 22 “Management Services” means the services specified in SECTION 2—Services (Clauses 4 through 7) as 23 indicated affirmatively in Boxes 6 through 8, 10 and 11, and all other functions performed by the Managers 24 under the terms of this Agreement. 25 “Master Agreement” means the deed of Master Agreement effective as of 27 September 2013 entered into by and between the Guarantor, the Guarantor on behalf of any existing and future wholly owned subsidiaries, Scorpio Commercial Management X.X.X and the Managers. “Owners” means the party identified in Box 3. 26 “Severance Costs” means the costs which are legally required to be paid to the Crew as a result of the early 27 termination of any contracts for service on the Vessel. 28 “SMS” means the Safety Management System (as defined by the ISM Code). 29 “STCW 95” means the International Convention on Standards of Training, Certification and Watchkeeping 30 for Seafarers, 1978, as amended in 1995 and any amendment thereto or substitution therefor. 31 “Vessel” means the vessel or vessels details of which are set out in Annex “A” attached hereto. 32
Crew Support Costs means all expenses of a general nature 11 (vi) training of the Crew and supervising their efficiency; 77 which are not particularly referable to any individual vessel for 12 (vii) conducting union negotiations; 78 the time being managed by the Managers and which are incurred 13 (viii) operating the Managers' drug and alcohol policy unless 79 by the Managers for the purpose of providing an efficient and 14 otherwise agreed. 80 economic management service and, without prejudice to the 15 generality of the foregoing, shall include the cost of crew standby 16 3.2 Technical Management 81 pay, training schemes for officers and ratings, cadet training 17 (only applicable if agreed according to Box 6) 82 schemes, sick pay, study pay, recruitment and interviews. 18 The Managers shall provide technical management which 83 "Severance Costs" means the costs which the employers are 19 includes, but is not limited to, the following functions: 84 legally obliged to pay to or in respect of the Crew as a result of 20 (i) provision of competent personnel to supervise the 85 the early termination of any employment contract for service on 21 maintenance and general efficiency of the Vessel; 86 the Vessel. 22 (ii) arrangement and supervision of dry dockings, repairs, 87
Crew Support Costs means all expenses of a general nature not particularly referable to any individual vessel for the time being managed by the Managers and incurred for the purpose of providing an efficient and economic management service including, without prejudice to the generality of the foregoing, cost of crew standby pay, training schemes, cadet training schemes, study pay, recruitment and interviews. "Fee Schedule" means the Schedule comprising Part IV or any revised Fee Schedule prepared by the Managers after the date hereof and agreed by the Owners in writing to record adjustments to the fees payable from time to time under this Agreement. "Information System Software" means the Managers' proprietary ship management software in executable object code form as described in Clause 3.7.1 as the same may be upgraded and updated from time to time. "ISM Code" means the International Management Code for the Safe Operation of Ships and for Pollution Prevention adopted by Resolution A.714 (18) of the International Maritime Organisation on 4 November 1994 and incorporated on 19 May 1994 into the SOLAS Convention 1974 as Chapter IX and any amendment thereto or substitution thereof. "ISPS Code" means the International Ship and Port Facility Security Code as adopted on 12 December 2002 by resolution 2 of the Conference of Contracting Governments to the International Convention for the Safety of Life at Sea 1974 and any amendment thereto or substitution thereof. "Management Services" means Basic Services and Other Services and all other functions performed by the Managers under the terms of this Agreement. "MLC" means the Maritime Labour Convention 2006 and any amendment thereto, substitution thereof and ratification of the Maritime Labour Convention 2006 in the respective States national law. "OPA" means the United States Oil Pollution Act of 1990, regulations made thereunder, and any amendment thereto or substitution thereof. "Other Services" means any services provided by Managers affirmatively indicated in Part III of this Agreement. "Severance Costs" means the costs which the employers are legally obliged to pay to or in respect of the Crew as a result of the early termination of any contract for service on board the Vessel. "SMS" means a Safety Management System in accordance with the ISM Code. "SSP" means a Ship Security Plan in accordance with the ISPS Code. "STCW" means the International Maritime Organisation Convention on Standards of Training Certification and Watchkee...
Crew Support Costs means all expenses of a general nature 11 (v) arranging transportation of the Crew, including repatriation: 76 which are not particularly referable to any Individual vessel for 12 (vi) training of the Crew and supervising their efficiency; 77 the time being managed by the Managers and which are incurred 13 (vii) conducting union negotiations; 78 by the Managers for the purpose of providing an efficient and 14 (viii) operating the Managers' drug and alcohol policy unless 79 economic management service and, without prejudice to the 15 otherwise agreed. 80 generality of the foregoing, shall include the cost of crew standby 16 pay, training schemes for officers and ratings, cadet training 17 3.2 Technical Management 81 schemes, sick pay, study pay, recruitment and interviews. 18 (only applicable if agreed according to Box 6) 82
Crew Support Costs means all expenses of a general nature which are not particularly referable to any individual vessel for the time being managed by the Managers and which are incurred by the Managers for the purpose of providing an efficient and economic management service and, without prejudice to the generality of the foregoing, shall include the cost of crew standby pay, training schemes for officers and ratings, cadet training schemes, sick pay, study pay, recruitment and interviews. “Severance Costs” means the costs which the employers are legally obliged to pay to or in respect of the Crew as a result of the early termination of any employment contract for service on the Vessel. “Crew Insurances” means insurances against crew risks which shall include but not be limited to death, sickness, repatriation, injury, shipwreck unemployment indemnity and loss of personal effects. “Management Services” means the services specified in sub-clauses 3.1 to 3.8 as indicated affirmatively in Boxes 5 to 12. “ISM Code” means the International Management Code for the Safe Operation of Ships and for Pollution Prevention as adopted by the International Maritime Organization (IMO) by resolution A.741(18) or any subsequent amendment thereto. “STCW 95” means the International Convention on Standards of Training, Certification and Watchkeeping for Seafarers, 1978, as amended in 1995 or any subsequent amendment thereto.
Crew Support Costs means the equitable proportion (determined by reference to length of service on the Vessels) of all expenses of a general nature which are not particularly referable to any individual Vessel for the time being managed by the Manager and which are incurred by the Manager or Eurobulk for the purpose of providing an efficient and economic management service and, without prejudice to the generality of the foregoing, shall include the cost of crew standby pay, training schemes for officers and ratings, cadet training schemes, sick pay, study pay, recruitment and interviews.