Tug definition

Tug or “Tugs”: shall mean the tugboats provided or arranged by XXXXX to perform the requested services.

Tug means a vessel specially built to perform towing operations;

Tug means a vessel constructed solely for the purposes of, and normally used for, providing external motive power for floating objects or vessels;

Examples of Tug in a sentence

• Rates for Tug services to Vessels aground or in distress or when performed during heightened Coast Guard port conditions will be furnished upon request.

• The provision of such Tug services to any Vessel aground or in distress or during heightened Coast Guard port conditions shall be subject to the terms and conditions of this Schedule in all instances.

• However, XXXXX reserves the right to perform such Tug services under different terms and conditions to be agreed in writing, dependent upon the particulars of the specific event.

• Payments received by or on behalf of OWNERS shall be applied as follows: First to satisfy all fees, costs (including attorneys’ fees) and interest due and owing on any invoice rendered to OWNERS commencing with the oldest such invoice and second, to satisfy all Tug service charges arising hereunder commencing with the oldest open invoice and then to each subsequent invoice.

• Subject to a two (2) hour minimum per Tug A rate of $3,200 per Tug per hour pro-rated for part of an hour, including running time to and from its Tug Station, shall apply for services requested.

More Definitions of Tug

Tug means a vessel propelled by mechanical power and used for towing or pushing another vessel or a raft or float of timber ;

Tug means any vessel employed by the Company within the port or in the vicinity thereof for towing or moving any vessel.

Tug or “Total Unit Growth” shall mean, in respect of any performance period, as the percentage change in the Company’s Adjusted EBITDA, as defined below, plus, the Company’s Free Cash Flow Yield, as defined below.

Tug means any Bessel built designed or fitted for purpose of towing ships or barges and includes a tender;

Tug shall include “tugs”, the word “tender” shall include “tenders”, the word “vessel” shall include “vessels”, the word “Company” shall include “Companies” and the word “Hirer” shall include “Hirers”;

Tug or Tugs”: the Tugboats provided or arranged by XXXXX to perform the requested Tug Services.

Tug means any vessel specially built to perform towing;