Disponent Owner definition

Disponent Owner means any party contracting with the Owner to charter or otherwise commercially dispose of the Vessel, typically a bareboat/demise charterer, or any other party who controls the Vessel and enjoys the benefit thereof under a similar arrangement.
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Disponent Owner means the person who has the right to use and possession of the Vessel, either as owner or as bareboat charterer from the owner of the Vessel, for the time being, and the expression “disponent ownership” shall be construed accordingly.
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Disponent Owner means, with respect to any particular Vessel, the party identified as the disponent owner of such Vessel on Schedule 2 hereto.
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Examples of Disponent Owner in a sentence

  • The above is without prejudice to such other rights the Seller may have against the Buyer and/or the Receiving Vessel in the event of non-payment, including the right to attach the Receiving Vessel and/or its sister vessel and/or any other assets of the Buyer (or the Owner of the Vessel, including the Disponent Owner) wherever situated in the world without prior notice.

  • If, at the time of delivery of the Energy Products, the Vessel is under the control of a Disponent Owner, the Disponent Owner shall be deemed liable for payment of the Energy Products as party to the Contract in the Owner’s stead even if not named as a Buyer under the Contract and regardless of whether the agent acting for the Disponent Owner when ordering the Energy Products from the Seller has disclosed the existence and/or identity of the Disponent Owner.

  • For years 1999 and 2000, Seawise shall guaranty to Disponent Owner (Sea-Comm) a lump sum payment ("Berth Guarantee") of $1,500,000 per semester of which $80,000 shall be allocated toward the cost of procuring food for adult passengers aboard the Vessel during SAS Program voyages for each such semester.

  • E Core Time Charter Party, dated October 6, 2014, between ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇ ▇▇ ▇▇▇▇▇▇▇ Armatori S.P.A. as Disponent Owner and Teekay Chartering Ltd.

  • If this clause applies, any references to “Owner” in these Conditions shall apply mutatis mutandis to the Disponent Owner.

  • The Owner represents and warrants that it has the authority to enter into this Agreement in relation to each of the Vessels on behalf of the Registered Owner and Disponent Owner of each Vessel as identified on Schedule 2, hereto, as such Schedule may be amended by the parties from time to time.

  • This clause only applies if the Disponent Owner has agreed under its contract with the Owner to be liable for the supply of Energy Products to the Vessel.

Related to Disponent Owner

  • Co-Owner means a Person who owns an Ownership Interest and a Co-Owner of a Series means a Person who owns an Ownership Interest of the Series.

  • Lot Owner means a declarant or other person who owns a lot, or a lessee of a lot in a leasehold planned community whose lease expires simultaneously with any lease the expiration or termination of which will remove the lot from the planned community, but does not include a person having an interest in a lot solely as security for an obligation.

  • JOINT OWNER A Contract may be owned by Joint Owners. If Joint Owners are named, any Joint Owner must be the spouse of the other Contract Owner. Upon the death of either Contract Owner, the surviving spouse will be the primary Beneficiary. Any other Beneficiary designation will be treated as a contingent Beneficiary unless otherwise indicated in an Authorized Request.

  • Contract Owner means the holder of interests in a variable annuity or variable life insurance contract issued by the Company.

  • Permit Holder means the Person to whom a Building Permit has been issued.