Examples of Initial Charterer in a sentence
The obligations of the Initial Charterer under the Initial Charter are guaranteed by Chevron Corporation (the "Guarantor") pursuant to the Chevron Guarantee.
As of the date of this Assignment, the Owner has agreed to bareboat charter the Vessel to Chevron Transport Corporation (the "Initial Charterer") pursuant to the Initial Charter.
It is hereby agreed that the Borrower's obligations under this Clause 13 to provide or furnish the Agent with any information regarding the Initial Charterer shall cease upon termination of the Initial Charter.
Any such assignment to an Affiliate of Charterer shall serve as a novation of this Charter, such that said assignee shall be deemed to be the Charterer for all purposes and the Initial Charterer shall be relieved of liability for performance of its obligations hereunder.
The obligations of the Initial Charterer under the Initial Charter will be guaranteed by Chevron Corporation (the "Guarantor") pursuant to the Chevron Guarantee.