Basis of Agreement. Subject to the terms and conditions herein provided, during the period of this Agreement, the Managers shall carry out Management Services in respect of the Vessel as agents for and on behalf of the Owners. The Managers shall have authority to take such actions as they may from time to time in their absolute discretion consider to be necessary to enable them to perform this Agreement in accordance with sound ship management practice.
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Sources: Framework Agreement (Costamare Bulkers Holdings LTD), Framework Agreement (Costamare Bulkers Holdings LTD), Standard Ship Management Agreement
Basis of Agreement. Subject to the terms and conditions herein provided, during the period of this Agreement, the Managers shall carry out Management Services in respect of the Vessel as agents for and on behalf of the Owners. The Managers shall have authority to take such actions as they may from time to time in their absolute discretion consider to be necessary to enable them to perform this Agreement in accordance with sound ship management practice.
Appears in 3 contracts
Sources: Ship Management Agreement, Standard Ship Management Agreement (Castor Maritime Inc.), Standard Ship Management Agreement (Castor Maritime Inc.)
Basis of Agreement. 3.1 Subject to the terms and conditions herein providedof this Agreement, during the period of this Agreement, the Managers Manager shall carry out the Management Services in respect of the any Vessel as agents for and on behalf of the Owners. Company.
3.2 The Managers Manager shall have authority to take such actions as they it may from time to time in their its absolute discretion consider to be necessary to enable them it to perform its obligations under this Agreement in accordance with sound ship commercial management practiceand/or brokerage practice for vessels similar to the Vessels and the market in which the Vessels operate or will operate.
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