Common use of Documentation of the Vessel Clause in Contracts

Documentation of the Vessel. Neither the Owner nor the Charterer (without the prior written consent of the other) will do or suffer or permit to be done anything which can or might change or injuriously affect the documentation of the Vessel for foreign trade under the laws and flag of the United States of America. The Charterer covenants and agrees that it will not (a) cause or permit the Vessel to be operated in any manner which could subject the Owner to any criminal penalty, or (b) operate or locate the Vessel, or permit the Vessel to be operated or located, in any area excluded from coverage from any insurance required by the provisions of Article 15 or (c) unless there shall have been an actual or total loss or agreed or compromised total loss of the Vessel, abandon the Vessel in any foreign port. The Owner and the Charterer hereby respectively represent that they are as of the date of execution of this Charter, and covenant that they shall remain during the Charter Period, "citizens of the United States" within the meaning of Section 2 of the Shipping Act, 1916, as amended. The Charterer agrees that the Vessel will be operated solely in the domestic or foreign commerce of the United States. The Charterer shall throughout the Charter Period maintain to the satisfaction of the Owner at the Charterer's sole cost and expense such documentation of the Vessel, and shall not do or suffer or permit to be done anything which can or might change or injuriously affect the documentation of the Vessel for foreign trade under the laws and the flag of the United States or which would result in a violation of any law or regulation of the United States applicable to a vessel owned by a citizen of the United States, as defined in the Shipping Act, 1916.

Appears in 2 contracts

Sources: Bareboat Charter (R&b Falcon Corp), Bareboat Charter (R&b Falcon Corp)