Second Vessel definition

Second Vessel means a handysize dry bulk carrier of approximately 27,802dwt built in 1997 named “Torm Pacific”. The present flag of the Second Vessel is Singapore and the place of registration is Singapore. The Classification Society of the vessel is Lloyd’s Register of Shipping;
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Second Vessel means the KAIMANA HILA, Official Number 1274135.
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Second Vessel means a handysize dry bulk carrier of approximately 31,894dwt, named “Cook Strait”.
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Examples of Second Vessel in a sentence

  • In May 2014, the Group obtained a secured term loan facility in an aggregate amount of USD equivalent of up to EUR606,842,214 with a term of 144 months after the first utilisation of the facility by the Group under the facility agreement (the “Second Vessel Loan Facility Agreement”) for financing the construction and purchase of the vessel to be constructed pursuant to the shipbuilding contract dated 10 February 2014 and the Hermes Fee (as defined in the Second Vessel Loan Facility Agreement).

  • Each of the First Vendor and the Second Vendor is a special purpose company for holding the First Vessel and the Second Vessel respectively.

  • It is our present intention that the Second Vessel will be designed to cater for the unique demands of Asian clientele, in particular, Singapore, Malaysia and Thailand.

  • The Board believes that the First Vessel and the Second Vessel, upon delivery and operation, will further strengthen the Group’s cruise brand, enable the Group to compete more effectively in the cruise industry, and enable the Group to take advantage of growing demand for cruise business in the Asia Pacific market and further improve on its operating efficiency and revenue potential.

  • However, the actual book gain which the Group would realize upon completion of the Disposal will depend on the actual net book values of the First Vessel and the Second Vessel as at their respective dates of delivery in accordance with the Group’s depreciation policy for its vessels as shown in the Company’s annual report.

  • The Group currently owns nineteen modern grabs fitted Supramaxes including the First Vessel, the Second Vessel and one Supramax which will be disposed by the Group later in 2008 as announced by the Company on 11 April 2008, one modern Capesize and one modern Panamax.

  • The Second Vessel is a Supramax of deadweight 53,562 metric tons, built in November 2007 and registered in Hong Kong.

  • The Directors believe that the Disposal is a good opportunity to realize the book gains arising from the disposal of the First Vessel and the Second Vessel, and will enable the Group to enhance its working capital position.

  • FINANCIAL EFFECTS OF THE SECOND SHIPBUILDING CONTRACT ON THE GROUP The Group intends to finance the total consideration of Euro 697.2 million (equivalent to approximately HK$7,359.6 million) and related expenses for the acquisition of the Second Vessel by a combination of internal resources of the Group and external financing to the extent where available.

  • Supplier is not liable for damages or costs because of transmission errors, malfunctions or unavailability of these facilities unless Client proves that these damages or costs are the result of intent or deliberate recklessness on the part of Supplier's management.


More Definitions of Second Vessel

Second Vessel. ’ means a handysize dry bulk carrier of 28,747 dwt built in 1997 named ‘‘Aqua Venus’’. The present flag of the Second Vessel is Hong Kong and the place of registration is Hong Kong. The Classification Society of the vessel is Nippon Kaiji Kyokai;
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Second Vessel means the KAIMANA HILA, Official Number: 1274135.
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Second Vessel means the Second Vessel listed on Schedule III hereto, registered in the name of Sulphur; "Security Document(s)" shall mean the Mortgages, the Assignments and any other documents that may be executed as security for the Facility and the Borrowers' obligations in connection therewith; "Security Party(ies)" shall mean each of the Borrowers and each of the Guarantors;
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Second Vessel. ’ means a cruiser vessel named as ‘‘Sunseeker 88’’ acquired
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Second Vessel. ’ means a handysize dry bulk carrier of 28,759 dwt built in 1997 now
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Related to Second Vessel

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

  • 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.

  • 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:

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

  • 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”);

  • 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.

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

  • 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.

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

  • existing vessel means a vessel which is not a new vessel;

  • 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.

  • Passenger vessel means any boat, ship, vessel,

  • 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;

  • 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;

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

  • Commercial vessel means any vessel not owned and operated by the United States military or the United States Coast Guard.

  • Bareboat Charter means the bareboat charter agreement to be executed by the Effective Date by the Borrower as owner and the Charterer as bareboat charterer.

  • Charterer means a person, firm, corporation, association, partnership, or other legal entity who contracts for the transportation of passengers and baggage, or goods and/or property from a specified origin to a specified destination, for a particular itinerary, agreed upon in advance.

  • 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.

  • Pressure vessel means containers for the containment of pressure, either internal or external. This pressure may be obtained from an external source or by the application of heat from a direct or indirect source, or any combination thereof.

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

  • 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.

  • Existing ship means a ship which is not a new ship.

  • Sailing vessel means any vessel under sail provided that propelling machinery, if fitted, is not being used.

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

  • Ship means a vessel of any type whatsoever operating in the marine environment and includes hydrofoil boats, air-cushion vehicles, submersibles, floating craft and fixed or floating platforms.