Shipping Pool definition

Shipping Pool means a shipping pool arrangement in which a Vessel has been entered, or in which a Vessel is a member, together with other vessels owned or operated by third parties that are part of such shipping pool arrangement.
Sample 1Sample 2Sample 3
Shipping Pool means a shipping pool arrangement in which a Vessel has been entered, or in which a Vessel is a member, together with other vessels owned or operated by third parties that are part of such shipping pool arrangement. “short-form Intellectual Property security agreement” shall have the meaning assigned to such term in Section 3.21(b).
Sample 1Sample 2

Examples of Shipping Pool in a sentence

  • Packard's "Shipping Pool" (1995), lauded with the BIMCO prize, which presents an intricate exploration of shipping pools.

  • The control of the Shipping Pool, C Transport Cape Size (CTC), has been assumed by the DryLog Group as of January 1, 2008, including that of CTC’s commercial portfolio and relevant risk.

  • There were approximately eight other vessels in the Shipping Pool as of December 31, 2007; of which three vessels were also owned 75%, 75%, and 37.5%, respectively, by DryLog Group.

  • The simultaneous termination of the Shipping Pool and the entering into fixed rate three year lease contracts is viewed as a lease modification.

  • During 2007, an agreement was reached among the owners of the vessels participating in the Shipping Pool and the DryLog Group for the termination of the pool as of January 1, 2008.

Related to Shipping Pool

  • direct shipping ore means iron ore which has an average pure iron content of not less than sixty per cent (60%) which will not pass through a one half (½) inch mesh screen and which is sold without concentration or other beneficiation other than crushing and screening;

  • FOB means Free on Board

  • Container means any portable device in which a material is stored, transported, treated, disposed of, or otherwise handled.

  • Destination Point means the delivery point(s) on Carrier’s System where Product is delivered to Shipper, as such points are specified in Section III of this tariff.