Vessel or Craft definition

Vessel or Craft means any vessel or craft or object made or intended to float on or in or travel on or through water or air.
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Examples of Vessel or Craft in a sentence

  • This Policy covers All Risks of physical and accidental Actual Total Loss or Constructive Total Loss of or damage to the insured Vessel or Craft described in the Schedule.

  • What you are covered forWhat you are not covered for (in addition to General Exclusions on page 12)Your Vessel or Craft, along with any equipment or fittings secured to the Vessel or Craft including inboard motors, is covered for the following perils: • Accidental Damage.• Accidental Damage while in transit - if Vessel or Craft is less than 9m in length.• Collision.• Fire and Explosion.• Flooding.• Grounding.• Hitting underwater objects.• Lightning.• Storm Damage .• Theft and Malicious Damage.

  • Deliberate actsAny loss, damage, death, injury or illness that you have legal responsibility for where caused deliberately, wilfully, recklessly by you, your family or any other person with a financial interest in the Vessel or Craft.

  • It is your responsibility to:• Ensure the Vessel or Craft is continually maintained in a sound and seaworthy condition; and• Ensure its Machinery and navigation equipment are, and are continually maintained in, sound working order; as well as• Make sure there are no known defects to the Vessel or Craft, its hull, Machinery and/or rigging which couldcompromise its safety in any way.

  • Decrease in valueAny decrease in value of your Vessel or Craft following a repair or replacement paid for under this Policy.

  • The Berthholder shall take all reasonable steps to protect the Vessel or Craft from theft and vandalism and shall keep all hatches and other openings closed and securely fastened when not in use.

  • Liability arising out of the ownership, possession or use by You or on Your behalf of any Vessel or Craft designed to travel in, on or through water, air or space (other than handpropelled watercraft).

  • You and anyone using your Vessel or Craft must take all reasonable care to prevent loss, damage, accidents or injury and ensure that the Vessel or Craft is in a seaworthy condition.

  • The Berthholder agrees not to use the Vessel or Craft or permit the same to be used for the purpose of habitation without the Company’s prior permission PROVIDED THAT such permission shall in no event be provided for any period exceeding 11 consecutive months.

  • Where a person under the age of 18 takes the helm of the insured Vessel or Craft it is a requirement that there is a suitably experienced adult supervising and in position to take control where necessary.

Related to Vessel or Craft

  • 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.

  • international organisation means an organisation and its subordinate bodies governed by public international law, or any other body which is set up by, or on the basis of, an agreement between two or more countries.

  • USDOT means the United States Department of Transportation.

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

  • international organization shall have the meanings set forth in Section 7701 of the Code or successor provisions.

  • National origin means the place of birth of an individual or of any of the individual’s lineal ancestors.

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

  • 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;

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

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

  • 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;

  • Flag means a piece of woven cloth or other material designed to be flown from a pole or mast.

  • 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.

  • foreign fishing vessel means any fishing vessel other than a local fishing vessel;

  • 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.

  • 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.

  • 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.

  • Ocean marine insurance means insurance against loss of or damage to:

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

  • foreign ship means a ship which—

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

  • New ship means a ship:

  • Passenger vessel means any boat, ship, 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;

  • 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.

  • Relevant Ship means the Ships and any other vessel from time to time (whether before or after the date of this Agreement) owned, managed or crewed by, or chartered to, any Relevant Party;