Examples of Fleet Vessels in a sentence
MARAD will not enter into more than 47 MSP Operating Agreements for Participating Fleet Vessels.
To the extent that appro- priated funds are available after apply- ing the first priority, tank vessels, in§ 296.20, the second priority is applica- ble to Participating Fleet Vessels.
The Borrowers shall ensure that throughout the Security Period the average unexpired period of all time charterparties or other similar contracts of employment in respect of all the Fleet Vessels is not less than 1 year.
The Borrower acknowledges and agrees that the Agent may commission valuations of each Ship, or, as the case may be, the Fleet Vessels at such times as the Lender shall reasonably deem necessary and, in any event, not less than once during each 12-month of the Security Period.
We also enclose copies of the valuations of all the Fleet Vessels which were used in calculating the Market Value Adjusted Total Assets of the Group as at [•].