Scheduled Vessel definition

Scheduled Vessel means the vessel described on the Declaration Page, including machinery, elec‐ trical equipment, sails, masts, spars, rigging, and all other equipment normally required for the oper‐ ation and maintenance of the vessel and situate on the Scheduled Vessel, which would normally be sold with the vessel. This does not include spare parts of the Scheduled Vessel, the Scheduled Vessel’s life raft, tender or dinghy unless the same has been declared on the Declaration Page, nor does it include any items being stored on premises other than on-board the Scheduled Vessel.

Scheduled Vessel means the vessel described on the Declaration Page, including machinery, elec‐ trical equipment, sails, masts, spars, rigging, and all other equipment normally required for the

Scheduled Vessel means a vessel that has been nominated for product discharge/ loading date range and ullage access at the shore petroleum terminal;

Examples of Scheduled Vessel in a sentence

• If a sum insured is shown under Section F of the Insuring Agreement Declaration Page, We will cover direct physical loss or damage to personal property from any accidental cause, whilst property is onboard, being loaded onto, or unloaded from the Scheduled Vessel.

• Health and safety guidelines have been created and the contractor for each project must seek and be granted permission from the construction sub-committee before actual work resumes.

• Damages sustained by the trailer whilst the Scheduled Vessel is being transported over land, more than 250 miles from the normal place of storage, unless specifically agreed by us in writing and an additional premium paid.

• In the event of loss and damage to the Scheduled Vessel covered herein, cost of repairs to be paid without depreciation, new for old, except with regard to sails and covers of canvas or other like materials.

• We will provide you with the option to retain title to the Scheduled Vessel should you match or better the highest bid to purchase the vessel that we receive.

• If a sum insured is shown under Section F of the insuring agreement declaration page, we will cover direct physical loss or damage to personal property from any accidental cause, whilst property is onboard, being loaded onto, or unloaded from the Scheduled Vessel.

• Regardless of what any party may have intended, the plain terms of the Stipulated Order establish that the Compliance Director is a representative of the Court who answers only to the Court and whose only purpose is to implement the Court’s judgment.

• Subject to our prior written agreement and your payment of an additional premium, we may at your request extend this insuring agreement to cover any sum or sums you become legally liable to pay and shall pay to hired crew resulting from injury, illness or death occurring whilst in the service of the Scheduled Vessel.

• Where the sum insured is less than the overall actual cash value of the covered property situate on the Scheduled Vessel, we will only pay claims in the ratio that such sum insured bears to the overall cash value of the covered property situate on the Scheduled Vessel at the time of the covered loss.

• A deductible of 10% of the agreed value of the Scheduled Vessel trailer shall apply to each theft loss, including total loss of the trailer.

More Definitions of Scheduled Vessel

Scheduled Vessel means, collectively, the vessels set forth on Annex A to the Vessel Purchase Agreement.