Examples of ST Shipping in a sentence
The Borrowers will provide the Agent with details of any legal or administrative action involving a Borrower, any other Security Party (other than the Glencore Guarantors and ST Shipping), the Approved Manager or a Ship, the Earnings or the Insurances as soon as such action is instituted or it becomes apparent to the Borrowers that it is likely to be instituted, unless it is clear that the legal or administrative action cannot be considered material in the context of any Finance Document.
All of the Equity Interests of Nordic Bulk Holding have been validly issued, are fully paid, non-assessable and free and clear of all Security Interests and are owned of record by Bulk Fleet, ST Shipping and ASO 2020.
On December 11 , 2007, ST Shipping filed a motion requesting maritime attachment of Golden Fleece's assets as security for the speed and performance claims pending in London.
Despite the need for modifications, Golden Fleece assured ST Shipping that the MIT ELLI fit within an exception to the new regulations and was in compliance.
The Borrowers undertake with each Creditor Party to use the Advances only for the purposes of (i) repayment of a bridge loan provided by ST Shipping, (ii) repayment of subordinated shareholder loans provided by ST Shipping and Pangaea and (iii) delivery financing of NORDIC OSHIMA.
The Lenders have agreed to make available to the Borrowers a loan facility of up to the lesser of $40,000,000 or 65% of the aggregate Fair Market Value of the Panamanian registered vessels “NORDIC ODYSSEY” and “NORDIC ORION” for the purpose of (i) repayment of a bridge loan provided by ST Shipping to the Borrowers, and (ii) repayment of subordinated shareholder loans by ST Shipping and Bulk Partners to the Borrowers.
Both the Litasco and ST Shipping and Trading charters were completed, earning Kandilousa its projected revenues for each.
On October 1 0, 2007, ST Shipping made a demand for $200,000 in security, which Golden Fleece refused.
The ST Shipping and Trading charter provides that the laycan12 was narrowed to a four-day window by 1200 hours NYT Monday, July 28, 2008.
After the termination of a subcharter agreement due to alleged non-compliance, ST Shipping brought a claim against Golden Fleece in a London court.