Vessel Characteristics Sample Clauses

The Vessel Characteristics clause defines the specific physical and operational attributes that a vessel must possess under a contract. This typically includes details such as the vessel's size, capacity, age, flag, classification, and any special equipment or certifications required for the intended voyage or cargo. By clearly outlining these requirements, the clause ensures that only suitable vessels are used, thereby minimizing operational risks and disputes related to vessel suitability or compliance.
Vessel Characteristics. DISCOVERY BAY (YTT-11) Built by ▇▇▇▇▇▇▇▇▇ Shipyards
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Vessel Characteristics. Shipments shall be effected exclusively in single-deck bulk carriers which shall be suitable for mechanical grab discharge. Concentrates shall be stowed and trimmed as per the Seller’s normal practice, provided that no Concentrates shall be loaded in areas inaccessible to the grabs (e.g. bunkers, deep tanks, tunnels, manholes or shafts). The Concentrates shall be stowed separately from other cargoes. Vessels shall be classed 100 A 1 at Lloyd’s or the equivalent and shall be no more than 20 years of age.
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Vessel Characteristics. (a) For delivering Concentrate to the Discharge Port hereunder, vessels chartered by Seller shall be single deck bulk carriers, shall be classed 100-A1 at Lloyds Register of Shipping or its replacement, shall be no more than 20 years old, shall not have shaft tunnels in the hold, and shall have clear holds and hatchways suitable for normal grab discharge. No cargo shall be loaded in deep tanks, in tween decks, in bridge space, or any place not easily accessible to grabs. (b) If the gears of the vessel are not working in accordance with the specifications provided by the vessel’s owner, Buyer shall appoint a competent independent surveyor to assess the additional costs incurred in completing the discharge, and Buyer shall provide Seller with such independent surveyor's certificate while making the claim for the additional expenses incurred. Any such amount claimed by Buyer will be settled by Seller within 30 days from the date of such invoice. (c) In no event shall any other cargo (including copper concentrates) be stowed in the same hold as any Parcel or fraction thereof. [**] - Indicates certain information has been redacted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to the redacted portions. (d) The vessel shall conform to International Safety Management Code (ISM Code) standards. Seller shall not charter a vessel from any shipping company if Seller reasonably believes that, because of its financial condition, there is reasonable doubt about the ability of such company to carry out the normal execution of its shipping obligations.
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Vessel Characteristics. The large ferries that are subject to this contract have the following characteristics: Vessel Vessel Class Length (feet) Breadth (feet) Depth (feet) Displ. - Max. Draft (LT)
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Vessel Characteristics. At the Delivery Time and throughout the Charter Period, the Vessel shall: (a) be classed by a classification society which is a member of the International Association of Classification Societies; (b) if she is fifteen (15) years old or over, Owner shall ensure that the Vessel obtains and maintains an LNG Condition Assessment Programme of not worse than 2; (c) be in every way fit to load, carry, store, discharge and measure LNG; (d) be tight, staunch, strong, in good order and condition, and in every way fit for the service, with her machinery, boilers, hull and other equipment (including but not limited to hull stress calculator, radar, computers and computer systems) in a good and efficient state; (e) have tanks, valves and pipelines that are liquid and gas tight; (f) be in every way fitted for burning, in accordance with the grades specified in Clause 9 hereof: (i) at sea, Fuel Oil in any proportion with LNG Boil-Off for main propulsion and Fuel Oil, marine gas oil and marine diesel oil for auxiliaries; (ii) in port, Fuel Oil in her boilers and marine gas oil and marine diesel oil for auxiliaries; (g) have all her cargo measuring equipment and instrumentation calibrated and certified, in accordance with the requirements of the Vessel’s classification society; (h) have her insulation spaces prepared as per her containment system design conditions; (i) comply with the regulations in force to enable her, if her size permits, to pass through the Suez Canal and Panama Canal by day and night without delay; (j) have on board all certificates, documents and equipment required from time to time by any applicable law to enable her to perform the charter service without delay. For the avoidance of doubt this will include, but will not be limited to, the Vessel’s Certificate of Financial Responsibility; (k) comply with the description in the LNG Form B, attached at Appendix A, provided however that if there is any conflict between the provisions of Appendix A and any other provision, including this Clause 3, of this Time Charter Party such other provision shall govern; (l) not have her ownership structure, flag, registry, classification society and management company changed without the written consent of Charterer; (m) always comply with the Russian Maritime Register of Shipping (Rules 2007) Ice Class Ice 2 or equivalent and meet the winterization requirements to operate in climate conditions with ambient temperatures down to minus twenty five (-25) degrees Celsiu...
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Vessel Characteristics. (a) For delivering Concentrates to the Discharge Port hereunder, vessels chartered by the Seller (i) shall be single deck bulk carriers, (ii) shall be classed 100-A1 at Lloyds Register of Shipping or the IACS - International Association of Classifications Societies Limited, (iii) shall comply with the International Safety Management (ISM) Code, (iv) shall be no more than 20 years old, (v) shall not be registered under a restricted flag, (vi) shall be insurable in New York, London, or other internationally recognized insurance markets, (vii) shall not have shaft tunnels in the hold, and (viii) shall have clear holds and hatchways suitable for normal grab discharge. No cargo shall be loaded in deep tanks, in bridge space, or any place not easily accessible to grabs. The performing vessel shall be suitable for unloading at the Discharge Port and shall conform to all port restrictions. (b) If the gears of the vessel are not working in accordance with the specifications provided by the vessel’s owner and are required for the discharging of the Parcel, then the Purchasers’ Agent and the Seller shall appoint a competent Independent Surveyor to assess the additional costs incurred in completing the discharge. Subject only to prior receipt of the Purchasers’ relevant invoice, the Seller shall deduct an amount equivalent to any amount certified by the appointed surveyor pursuant to this Section 3.9(b) from time to time from the next Final Invoice issued to the Purchasers after receipt of the Purchasers’ invoice. If no Final Invoice is issued to the Purchasers under this Agreement within 30 days of the date of the Purchasers’ invoice under this Section 3.9(b) then the Seller shall pay such invoice prior to the expiry of such period. (c) In no event shall any other cargo (including other copper concentrates) be stowed in the same hold as any Parcel or fraction thereof. (d) The Seller shall not charter a vessel from any shipping company as to which the Seller reasonably believes that, because of its financial condition, there is reasonable doubt about the ability of such company to carry out the normal execution of its shipping obligations.
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Vessel Characteristics. Without limitation to the Specifications, the Vessel shall have the following principal characteristics, subject to verification and adjustment as necessary upon Builder’s receipt of the conversion of the Design from imperial measurements to metric pursuant to Section 7.1(c): Length overall: [***] meters ([***] feet) Breadth, molded: [***] meters ([***] feet) Depth at Main Deck: [***] meters ([***] feet) Draught (summer) [***] meters ([***] feet) Complement [***] persons Sailing Range [***] nautical miles Trial Speed [***] knots Service Speed [***] knots
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Related to Vessel Characteristics

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  • Mortgage Loan Characteristics The characteristics of the related Mortgage Loan Package are as set forth on the description of the pool characteristics for the applicable Mortgage Loan Package delivered pursuant to Section 11 on the related Closing Date in the form attached as Exhibit B to each related Assignment and Conveyance Agreement;

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