Five Vessels definition

Five Vessels means the First Vessel, the Second Vessel, the Third Vessel, the Fourth Vessel and the Fifth Vessel ; “Fourth Purchaser” Mullen Shipping Company Limited
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Five Vessels means the 1A Vessel, the 1B Vessel, the 1C Vessel, the 1D Vessel and the 1E Vessel;
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Examples of Five Vessels in a sentence

  • Five Vessels owned by affiliates of Wexford Capital, LLC and commercially managed by Old Genmar (the "Wexford Vessels") will be acquired from the limited liability companies and limited partnerships which own them (the "Wexford Sellers") by acquisitions of five special purpose subsidiaries which directly own the Vessels.

  • Value of the Five Vessels:The carrying value of the Five Vessels in the Company’s accounts as at 31 August 2005 was US$96,636,482 (approximately HK$753,764,560).

  • This document constitutes the circular which the Company is required to send to you pursuant to the Listing Rules in relation to the sale and bareboat charter back of the Five Vessels.

  • In addition, no third party valuation has been performed on any of the Five Vessels.

  • However, as is commonly the case in the dry bulk carrier market, there have not been any recently published sale and charter backs by third party vendors of vessels of the exact size of the Five Vessels from which to make a direct comparison.

  • Under the five bareboat charterparties each of the Bareboat Charterers has the option to individually re-purchase each of the Five Vessels at any time with three months notice during each bareboat charterparty.

  • Payment terms: The consideration for the sale of the Five Vessels was US$100,000,000 (approximately HK$780,000,000), which was received upon signing of the 1 MOA.

  • There is no taxation on the net profit attributable to the Five Vessels.Revenue attributable to the Five Vessels:The revenue attributable to the Five Vessels for the financial year ended 31 December 2004 was US$22,001,649 (approximately HK$171,612,862).

  • Net Profits attributable to the Five Vessels:The Five Vessels were all acquired by the Company on 31 March 2004.

  • The net profit attributable to the Five Vessels for the financial year ended 31 December 2004 was US$14,194,614 (approximately HK$110,717,989).

Related to Five Vessels

  • Vessels shall have the meaning set forth in the recitals.

  • The Vessel means the vessel named in Box 5 and with particulars as stated in Boxes 6 to 12.

  • Fleet Vessels means all of the vessels (including, but not limited to, the Ships) from time to time wholly owned by members of the Group (each a “Fleet Vessel”);

  • Pressure vessel means a vessel that may be used for containing, storing, distributing, transferring, distilling, processing or otherwise handling any gas, vapour or liquid under pressure greater than the atmospheric pressure and includes any pipeline fitting or other equipment attached thereto or used in connection therewith; and

  • Vessel means the vessel/craft belonging to the Contractor for carrying out the work.

  • storage vessel means a pressure vessel as defined in the Regulations for Pressure Vessels made under the Occupational Health and Safety Act;

  • Coastal vessel means any vessel exclusively employed in trading between any port or place in India to any other port or place in India having a valid coastal license issued by the competent authority.

  • Tank vessel means a ship that is constructed or adapted to carry, or that carries, oil in bulk as cargo or cargo residue, and that:

  • 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.

  • Passenger vessel means any boat, ship, vessel, barge, or other floating craft of any kind carrying passengers for compensation.

  • fishing vessel means a vessel used for catching fish, whales, seals, walrus or other living resources of the sea;

  • Public vessel ’ means a vessel owned or bareboat chartered and operated by the United States, by a State or political subdivision thereof, or by a foreign nation, except when such vessel is engaged in commerce;

  • Sailing vessel means any vessel under sail provided that propelling machinery, if fitted, is not being used.

  • pleasure vessel means any vessel which at the time it is being used:

  • Covered vessel means a tank vessel, cargo vessel, or passenger vessel.

  • existing vessel means a vessel which is not a new vessel;

  • Shipyard means a facility capable of performing overhaul, repair, and maintenance work on covered vessels.

  • Delivery vessel means tank trucks or trailers equipped with a storage tank and used for the transport of gasoline from sources of supply to stationary tanks of gasoline dispensing facilities.

  • Cargo vessel means a self-propelled ship in commerce, other than a tank vessel or a passenger vessel, three hundred or more gross tons, including but not limited to, commercial fish processing vessels and freighters.

  • Mortgaged Vessel means, at any relevant time, any Vessel which is at such time subject to a Mortgage and a Vessel shall, for the purposes of this Agreement, be regarded as a Mortgaged Vessel as from the date on which the Mortgage of that Vessel has been executed and registered in accordance with this Agreement until whichever shall be the earlier of (i) the payment in full of the amount required to be paid to the Agent pursuant to clause 4.3 or 4.5 following the Total Loss or sale respectively of such Vessel and (ii) the end of the Facility Period;

  • construction site means a workplace where construction work is being performed;

  • tanker in relation to chapter 4 means an oil tanker as defined in MARPOL Annex I, regulation 1 or a chemical tanker or an NLS tanker as defined in MARPOL Annex II, regulation 1.

  • foreign fishing vessel means any fishing vessel other than a local fishing vessel;

  • Operating pressure means the pressure at which the parts of an irrigation system are designed by the manufacturer to operate.

  • Recreational vessel means a vessel—

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