Common use of Notice of Event of Loss Clause in Contracts

Notice of Event of Loss. If there shall occur an Event of Loss, ----------------------- Charterer shall promptly notify Owner and the Indenture Trustee of the occurrence thereof and the Termination Value Determination Date on which the Termination Value will be paid.

Appears in 6 contracts

Sources: VLCC Charter Party (Mobil Corp), VLCC Charter Party (Mobil Corp), Charter Party (Mobil Corp)