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, 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 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.
Examples of Time Charter in a sentence
Time Charter Equivalent Earnings = Gross freight income less bunker, commissions and port expenses.
Time Charter Equivalent rate, Adjusted EBITDA, Adjusted net income/(loss) and Adjusted earnings/(loss) per share are non-GAAP measures.
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.
This press release describes Time Charter Equivalent earnings and related per day amounts, which are not measures prepared in accordance with US GAAP (“non-GAAP”).
Spot rates = Time Charter Equivalent Earnings for all charters with less than 6 months' duration = Gross freight income less bunker, commissions and port expenses.
More Definitions of Time Charter
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 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;
Time Charter means the Time Charter for the Vessel between Borrower and Charterer dated February 7, 2011.
Time Charter definition of time charter to be added. Clause 12: add “In the event that the Vessel becomes a pool vessel pursuant to which the Managers are remunerated for services in respect of the Vessel under the terms of the applicable pool agreement, the Managers shall not for this time period be remunerated in accordance with the terms of this Agreement. Clause 21(a): delete and replace with “This Agreement shall come into effect at the date stated in Box 2 and shall continue until terminated by either party giving notice to the other; in which event this Agreement shall terminate on the date on which the Vessel is re-delivered under the Time Charter unless terminated earlier in accordance with Clause 22 (“Termination”) Clause 22 (all sub-para): delete all references to ET1, ET2, ET3 and ET4. Clause 22(g) delete “an ET2 event or for” and “and an ET1, ET3 and ET4 event” Clause 22(h) shall be deleted In respect of the Master Agreement effective as of September 27, 2013 and entered into amongst others, Scorpio Bulkers Inc., Scorpio Bulkers Inc., for and on behalf of existing and future wholly owned subsidiaries, Scorpio Commercial Management X.X.X. and Scorpio Ship Management X.X.X. (the “Master”), [SALT SPV] hereby acknowledges, confirms and accepts the terms of the Master. Further, [Insert name of SALT SPV] acknowledges that in the event of any inconsistency between the provisions of this Master and this Management Agreement: (i) prior to the Effective Date, the provisions of the Master shall prevail; and (ii) on and after the Effective Date the provisions of this Management Agreement shall prevail. Scorpio Bulkers Xxx.xx guarantor for and on behalf of [insert name of SALT SPV]: Name: Position: Date: [Insert name of SALT SPV] Name: Position: Date: Scorpio Commercial Management X.X.X. Name: Position: Date: Annex I – STANDARD COMMERCIAL MANAGEMENT TERMS Annex II – STANDARD TECHNICAL MANAGEMENT TERMS Annex III – SALT GUARANTEE DEED OF GUARANTEE (“Guarantee”) To:
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.