Vessel 1 definition

Vessel 1 means the post-panamax luxury passenger cruise vessel with approximately 143,500 gt and the provisional hull number S.678 to be constructed by the Yard pursuant to the Vessel 1 Construction Contract.
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Vessel 1 means that certain M300-4 liftboat vessel, being Hull 1028 with 4 legs with not less than 300 ft. leg length, 14,000 sq. feet deck space and 150 person accommodation currently under construction with the Builder to be delivered to the applicable Borrower and registered under the laws of the Designated Jurisdiction;
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Vessel 1 means that certain 36,000 dwt bulk carrier currently being constructed by the Builder with an expected delivery date in the first quarter of 2011, given Builder’s Hull No. 6043;
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Examples of Vessel 1 in a sentence

  • Indemnity from Vessels for Damages Caused by the Negligence of the Vessel 1.

  • Liability for loss or damage as set out in paragraphs 1, 2, and 3 below which arises from collision of the Insured Vessel with another ship or vessel, but only if and to the extent that such liability is not covered by the hull insurances of the Insured Vessel: 1.

  • Vessel 2 represents one of the most common vessel categories, and similar to Vessel 1, monitoring costs as a percentage of revenue is estimated to increase from around 3% to 18% under 100% ASM coverage ($4,000 and $24,000, respectively Figure 8).

  • Similar to Vessel 1, vessels in this days absent category are generally not very reliant on groundfish fishery revenue— the typical vessel obtains 20% of their total revenue from groundfish.

  • For Vessel 1, estimated monitoring costs as a proportion of revenue is the highest of our three example vessels.

  • Vessel 1 spends less than 5 days absent fishing in the groundfish fishery, vessel 2 spend between 20 and 50 days per year, and vessel 3 spends more than 160 days per year.

  • Vessel 1 earned approximately $8,000 per year on groundfish trips over FY2016- FY2018, on average.

  • Second-priority legal assignment of contracts dated on or about the date hereof in respect of the Construction Contract, certain of the Refund Guarantees and the Construction Risks Insurance (each as defined in each Term Loan Credit Agreement) in favour of the Collateral Agent as security trustee on behalf of the Term Loan Creditors (the “Term Loan Vessel 1 Assignment of Contracts”).

  • But new applications of technology, as in other parts of the economy, can be disruptive and can create risks and vulnerabilities that are difficult to anticipate.Examples of such new products and services include crypto assets, distributed ledger technologies, and marketplace lending.

  • Witnesses: STRATUS SERVICES GROUP, INC /s/ Xxxxxxx Xxxxxxx By: /s/ Xxxxxxx X.


More Definitions of Vessel 1

Vessel 1 means the post-panamax luxury passenger cruise vessel known on the Effective Date as the NORWEGIAN BREAKAWAY (IMO 9606912) formerly hull number S.678 constructed by the Yard pursuant to the Vessel 1 Construction Contract.
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Vessel 1 means the liquefied natural gas carrier Al Areesh (Hull No. 2239) owned or to be owned by Al Areesh L.L.C. Vessel 2 means the liquefied natural gas carrier Al Daayen (Hull No. 2240) owned or to be owned by Al Daayen L.L.C.
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Vessel 1 means Jxxxxx Xxxxxx VLCC (2022), having a purchase price of [USD fifty million (USD 50,000,000)], to be fully funded via the Account.
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Vessel 1 means MT “Fortaleza Knutsen”, IMO no. 9499876, registered in the name of Borrower KS in an Approved Ship Registry.
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Vessel 1 means MT “Fortaleza Xxxxxxx”, IMO no. 9499876, registered in the name of Borrower KS in an Approved Ship Registry.
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Vessel 1 means the passenger cruise ship "Ambience" with IMO number 8521232.
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Related to Vessel 1

  • Vessel means the vessel/craft belonging to the Contractor for carrying out the work.

  • Vessels shall have the meaning set forth in the recitals.

  • Cargo vessel means a self-propelled ship in commerce, other than a tank vessel or a passenger vessel, three hundred or more gross tons, including but not limited to, commercial fish processing vessels and freighters.

  • Pressure vessel means a vessel that may be used for containing, storing, distributing, transferring, distilling, processing or otherwise handling any gas, vapour or liquid under pressure greater than the atmospheric pressure and includes any pipeline fitting or other equipment attached thereto or used in connection therewith; and

  • The Vessel means the vessel named in Box 5 and with particulars as stated in Boxes 6 to 12.

  • U.S.-flag vessel means a vessel of the United States or belonging to the United States, including any vessel registered or having national status under the laws of the United States.

  • Fleet Vessels means all of the vessels (including, but not limited to, the Ships) from time to time wholly owned by members of the Group (each a “Fleet Vessel”);

  • Coastal vessel means any vessel exclusively employed in trading between any port or place in India to any other port or place in India having a valid coastal license issued by the competent authority.

  • Tank vessel means a ship that is constructed or adapted to carry, or that carries, oil in bulk as cargo or cargo residue, and that:

  • Foreign flag vessel means any vessel that is not a U.S.-flag vessel.

  • Mortgaged Vessel means, at any relevant time, any Vessel which is at such time subject to a Mortgage and a Vessel shall, for the purposes of this Agreement, be regarded as a Mortgaged Vessel as from the date on which the Mortgage of that Vessel has been executed and registered in accordance with this Agreement until whichever shall be the earlier of (i) the payment in full of the amount required to be paid to the Agent pursuant to clause 4.3 or 4.5 following the Total Loss or sale respectively of such Vessel and (ii) the end of the Facility Period;

  • tanker in relation to chapter 4 means an oil tanker as defined in MARPOL Annex I, regulation 1 or a chemical tanker or an NLS tanker as defined in MARPOL Annex II, regulation 1.

  • Ship means a vessel of any type whatsoever operating in the marine environment and includes hydrofoil boats, air-cushion vehicles, submersibles, floating craft and fixed or floating platforms.

  • Public vessel ’ means a vessel owned or bareboat chartered and operated by the United States, by a State or political subdivision thereof, or by a foreign nation, except when such vessel is engaged in commerce;

  • Shipbuilding Contract means the shipbuilding contract dated 30 March 2011 and made between the Builder and the Borrower for the construction by the Builder of the Ship and its purchase by the Borrower as supplemented and amended from time to time;

  • Passenger vessel means any boat, ship, vessel,

  • Mortgaged Ship means a Ship which is subject to a Mortgage at the relevant time and, in the plural, means all of them;

  • Commercial vessel means any vessel not owned and operated by the United States military or the United States Coast Guard.

  • Bareboat Charter means the bareboat charter agreement to be executed by the Effective Date by the Borrower as owner and the Charterer as bareboat charterer.

  • Mortgage Addendum means the addendum to the Mortgage in the agreed form.

  • FPSO means a floating production, storage and offloading system used by the offshore oil and gas industry for the production or processing of hydrocarbons and for storage of hydrocarbons. FSOs and FLNGs are included within this definition. The determination as to whether a particular property constitutes an FPSO shall be at the sole determination of the Underwriter.

  • storage vessel means a pressure vessel as defined in the Regulations for Pressure Vessels made under the Occupational Health and Safety Act;

  • Documented vessel means a vessel documented under chapter 121, title 46, United States Code or a vessel for which an application for such docu- mentation is pending.

  • existing vessel means a vessel that is not a new fishing vessel.

  • Delivery vessel means tank trucks or trailers equipped with a storage tank and used for the transport of gasoline from sources of supply to stationary tanks of gasoline dispensing facilities.

  • foreign vessel means any vessel other than a coastal vessel.