Variable Charterhire definition
Variable Charterhire means the interest component of the Charterhire amount payable on each or, as the context may require, any Payment Date in respect of an Interest Period, calculated at the applicable interest rate on the prevailing Charterhire Principal Balance, in accordance with Clause 37.1(b); and
Variable Charterhire means the interest:
Examples of Variable Charterhire in a sentence
The Charterer shall pay to the Owner on each Payment Date an instalment of Charterhire comprising (a) Fixed Charterhire, (b) Variable Charterhire for the Variable Charterhire Period ending on such Payment Date in accordance with the terms of this Charter.