Sale Vessels definition

Sale Vessels means the Genmar Minotaur and the Genmar Hope.
Sample 1Sample 2Sample 3
Sale Vessels means those certain factory vessels named Damanzaihao, Enterprise, and Pacific Champion.
Sample 1Sample 2

Examples of Sale Vessels in a sentence

  • ENAV will also undertake to dry dock the Sale Vessels operating in Southeast Asia region at the Group’s shipyard, subject to the yard availability and competitive pricing.

  • The Sale Vessels are expected to be delivered on a staggered and gradual basis in 2015.

  • In the event Swissco Supplier is removed from the Sale Vessels, the Consideration (as defined below) will be reduced by US$1,010,985, being the amount attributed to Swissco Supplier in the MSPA.

  • Examinations of some subjects may, if necessary, be held outside the examination period.

  • The information on the Sale Vessels is set out in Annex A to this Announcement.

  • In consideration of the SPC agreeing to the ship management agreements between the SPC and the Company, the Group shall grant the SPC the exclusive right to receive, evaluate and/or accept any business leads, opportunities and/or engagements for the Sale Vessels, prior to the Group being free to pursue, act on, or accept them independently from the SPC on terms not more favourable than those presented to the SPC.

  • In consideration of the commitment by ENAV to discuss and seek to agree on ship management agreements between the SPC and the Company for majority of the Sale Vessels to be managed by the Group, the Company agrees to pay a commitment fee (“Commitment Fee”) to the SPC on completion of the Proposed Disposal.

  • The Company therefore believes that the Proposed Investment will enable the Company to benefit from the sale of the Sale Vessels along with future opportunities for sale of other vessels to BBR, and will allow the Group an opportunity to expand into the chartering business in a new market.

  • The Group will manage the majority of the Sale Vessels post completion of the Proposed Disposal.

  • As set out in Section 5.1.4 above, the appointment of the Group as ship manager for the majority of the Sale Vessels by the Purchaser is premised on the completion of the Debt Restructuring Plan and there being no insolvency event28 and change of control29 of the Group.

Related to Sale Vessels

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

  • 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”);

  • 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.

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

  • 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

  • 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;

  • Passenger vessel means any boat, ship, vessel,

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

  • 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:

  • 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;

  • 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.

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

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

  • 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.

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

  • Recreational vessel means a vessel—

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

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

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

  • existing vessel means a vessel that is not a new fishing vessel.

  • 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-going vessel means any vessel other than coastal vessel.

  • Documented vessel means a vessel documented under chapter 121, title 46, United States Code or a vessel for which an application for such docu- mentation is pending.

  • Barge means a vessel that is not self-propelled.

  • Rig means the vessel described in Recital (A) hereto and includes any share or interest therein and her engines, machinery, boats, tackle, outfit, spare gear, fuel, consumable or other stores, belongings and appurtenances whether on board or ashore and whether now owned or hereafter acquired (but excluding therefrom any leased equipment owned by third parties);