Daily Charter Rate definition
Daily Charter Rate means the daily charter rate set forth opposite the Vessel’s name on Schedule A hereto;
Daily Charter Rate means in respect of the Charter Period, a rate in the sum of [***].
Daily Charter Rate means in respect of the Charter Period, a rate calculated in accordance with the formula: Daily Charter Rate = Notional Daily Charter Rate x Actual Owners' Cost Notional MOA Purchase Price
More Definitions of Daily Charter Rate
Daily Charter Rate means, in relation to a charterparty to which a Ship is subject, the net daily charterhire (expressed in Dollars per day) payable to the relevant Owner under such charterparty Provided that if such charterparty is not a time charterparty, then the Daily Charter Rate in respect thereof shall be the net “time-charter equivalent” of the net daily charterhire in respect of such charterparty, as determined by the Bank in its sole discretion;
Daily Charter Rate means, with respect to the Vessel, the daily charter rate provided in the Charter in the amount of US Dollars 13,850;
Daily Charter Rate. The Vessel's daily charter rate payable to OWNER by CHARTERER for its use of the Vessel shall be as follows:
a. Base Rate $3,700/day b. Extra Crew i. ▇▇▇▇- $ 150/day ii. Mess▇▇▇- $ 100/day iii. Mate- $ 200/day c. Modification Fee- $1,094/day --------- Total daily charter rate- $5,244/day 2 Note, the aforesaid Modification Fee consists of fifty (50%) percent of the estimated modification cost specified hereinbelow amortized over the minimum term hereof. Although OWNER and CHARTERER agree to work closely with each other in order to minimize, as much as possible, the modification cost, it is understood and agreed that the estimate is not binding on either party hereto; and OWNER's actual out-of-pocket expenses incurred in carrying out the modifications shall be controlling. Therefore, after the actual modification cost has been fully incurred and calculated, the aforesaid Modification Fee shall be adjusted to ensure that OWNER's out-of-pocket expenses incurred in carrying out the modifications are fully reimbursed to OWNER. OWNER shall provide CHARTERER with reasonable supporting documentation to verify the final calculation of OWNER's total out-of-pocket expenses incurred in carrying out the modifications; and once such costs have been fully amortized, CHARTERER's obligation to pay the Modification Fee shall lapse.