Common use of CHANGE OF OWNERSHIP CLAUSE Clause in Contracts

CHANGE OF OWNERSHIP CLAUSE. Throughout the duration of this Charter party, the Owners shall have the right to sell the vessel or to change management of the vessel, subject to the prior consent of Charterers, which shall not be unreasonably withheld.

Appears in 2 contracts

Sources: Time Charter Party (Scorpio Tankers Inc.), Time Charter Party (Scorpio Tankers Inc.)