Newbuilding Vessel definition

Newbuilding Vessel means a Vessel under construction, recently completed, or that has not been engaged in commercial operations.

Newbuilding Vessel means the Newbuilding Vessel currently being constructed by the Builder with Hull Number 2782 on the terms of the Building Contract and upon delivery to be named “DHT TIGER” and registered in the name and ownership of the Newbuilding Borrower.

Newbuilding Vessel. ’ means a newbuilding handysize dry bulk carrier of approximately 28,100 dwt, to be named ‘‘Juniper Beach’’. The Newbuilding Vessel will be constructed by a shipyard in Japan and is expected to be delivered during the first half of 2007. It is currently expected that it will be registered upon its delivery under the laws and flag of Hong Kong;

Examples of Newbuilding Vessel in a sentence

• Newbuilding Vessel (indicate with “yes” or “no” whether PART III applies) (optional) No 38.

• Not later than 30 days, or such shorter period as the Agent may agree to, prior to the date of this Agreement, one or more valuation(s) of the Newbuilding Vessel addressed to the Agent from an Approved Shipbroker certifying the Market Value for the Newbuilding Vessel, acceptable to the Agent.

• Newbuilding Vessel (indicate with ”yes” or “no” whether PART III applies)(optional) No 38.

• Evidence that the Newbuilding Vessel is insured in the manner required by the Security Documents and that letters of undertaking will be issued in the manner required by the Security Documents, together with (if required by the Agent) the written approval of the Insurances by an insurance adviser appointed by the Agent.

• An interim Certificate of Confirmation of Class for hull and machinery confirming that the Newbuilding Vessel is classed with the highest class applicable to Newbuilding Vessels of her type with Lloyd’s Register or such other classification society as may be acceptable to the Agent.

• If requested by the Agent, a report by a surveyor instructed by the relevant Collateral Owner and acceptable to the Agent to inspect the Newbuilding Vessel confirming to the Agent that the condition of the Newbuilding Vessel is in all respects acceptable to the Agent.

• Newbuilding Vessel (indicate with "yes" or "no": whether PART III applies)(optional) No 38.

• Newbuilding Vessel (indicate with "yes" or "no" whether PART III applies)(optional) No 38.

• Newbuilding Vessel (indicate with "yes" or "no": whether PART III applies)(optional) Not applicable 38.

• Newbuilding Vessel (indicate with "yes or "no" whether Part III applies) (optional) Yes (Conversion ) 38.

More Definitions of Newbuilding Vessel

Newbuilding Vessel has the meaning defined in Recital (B)(v) above.

Newbuilding Vessel means the vessel currently under construction by the Builder set out below with the Builder’s hull number set out below on the terms of the Building Contract and, on delivery to Shikokuexi, to be registered under an Approved Flag: Type of Vessel Seller Builder dwt Hull Number Collateral Owner Bulk carrier ITOCHU Corporation Imabari Shipbuilding Co. Ltd. originally contracted for approximately 77,000MT and subsequently amended to 84,000MT original hull no. S-1663 and subsequently amended to hull no. 1685 (tbn “TROODOS AIR” on delivery) Shikokuexi

Newbuilding Vessel means a newbuilding dry bulk carrier of approximately

Newbuilding Vessel means a newbuilding dry bulk carrier of approximately 115,000dwt to be constructed and equipped at the shipyard of the Builder in China. It is currently expected that the Newbuilding Vessel will be delivered in the third quarter of 2011;