Time Charter definition

Time Charter means the hire of a Vessel by which the charterer obtains possession and control of the Vessel for an agreed period of time or an agreed voyage.

Time Charter means the time charter party between Owners as owners and Stena Bulk AB (the "Time Charterers") as charterers effective attached hereto as Annex 1. "Agreement" means Part I, Part II, including Additional Clauses 21-31 as well as Annex 1.

Time Charter means the time charter agreement in respect of the Ship dated on or about the date hereof and entered into between the Guarantor and the Time Charterer;

Examples of Time Charter in a sentence

• Consistent with general practice in the shipping industry, we use Time Charter Equivalent ("TCE") income as a measure to compare revenue generated from a voyage charter to revenue generated from a time charter.

• Time Charter Equivalent Earnings = Gross freight income less bunker, commissions and port expenses.

• The terms of the main Pool Participation Agreement shall prevail if a conflict should arise in the interpretation of the terms of the main Pool Participation Agreement and the terms of the Time Charter Party.

• For the avoidance of doubt, any such change of Vessel ownership or technical management shall not affect any of the terms of this Agreement, including the Time Charter Party.

• The Time Charter consists of a Petrobras form and additional schedules relating to payments and technical and operational matters.

More Definitions of Time Charter

Time Charter means any time or voyage charter from time to time entered into or to be entered into in relation to the Vessel.

Time Charter means, in relation to each of the Ships, a time charter party in respect of that Ship in Agreed Form between the Borrower that owns that Ship as owner and the Time Charterer as charterer (the terms of which shall include, among other things, a charter period of not less than 5 years, a daily hire rate of not less than $12,000, and that any profit from any employment of the vessel at a rate in excess of $12,000 shall be allocated 75% to the owner of such Ship and 25% to the Time Charterer);

Time Charter means in respect of the Vessel, the time charter dated 18 December 2007 between the Borrower and the Time Charterer.

Time Charter means, in relation to each Vessel, the time charter of that Vessel made or to be made between the relevant Vessel Owning Company purchasing such Vessel as owner and the Charterer as time charterer and, in the event that such time charter is replaced by a bareboat charter in accordance with the terms of time charter, all references herein to the “Time Charter” shall be construed as referring to such bareboat charter.

Time Charter means the Time Charter for the Vessel between Borrower and Charterer dated February 7, 2011.

Time Charter means the Original Time Charter as novated by the Time Charter Novation Agreement and as further amended and supplemented pursuant to Addendum No. 2 dated April 2003 and including any extensions and replacement thereof pursuant to the terms thereof and including any other time charter(s) approved by the Lessor pursuant to clause 25.6;

Time Charter means Charter Contract for a specified period longer than six months when executed rather than one or more voyages.