New Flag State definition

New Flag State means the Republic of Liberia;
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New Flag State means Hong Kong;
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New Flag State means the Republic of Singapore;
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Examples of New Flag State in a sentence

  • The Creditors, relying upon the representations and warranties on the part of the Relevant Parties contained in clause 4, agree with the Borrowers that, subject to the terms and conditions of this Agreement and in particular, but without prejudice to the generality of the foregoing, fulfilment on or before 1 March 2013 of the conditions contained in clause 5 and schedule 2, the Creditors consent to the transfer of the Ship from the Existing Flag State to the New Flag State.

Related to New Flag State

  • Flag State means the State whose flag the Vessel is flying.

  • Approved Flag State means any of the ▇▇▇▇▇▇▇▇ Islands or any other country in which the Agent (acting on the authorisation of the Lenders) may approve that a Ship may be registered.

  • 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.

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

  • Approved Flag means the ▇▇▇▇▇▇▇▇ Islands flag, the Liberian flag and such other flag as the Agent may, in its sole and absolute discretion, approve as the flag on which a Ship shall be registered;