Assignable Charter definition

Assignable Charter means any time charterparty, consecutive voyage charter or contract of affreightment in respect of a Ship of a duration (or capable of exceeding a duration) of 12 months or more or any bareboat charter entered into in accordance with Clauses 23.16 (Restrictions on chartering, appointment of managers etc.) and 23.19 (Charterparty Assignment).

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Assignable Charter means, in relation to a Ship, any time charterparty, consecutive voyage charter or contract of affreightment in respect of such Ship having a duration (or capable of exceeding a duration) of 18 months or more and any guarantee of the obligations of the charterer under such charter or any bareboat charter in respect of that Ship (irrespective of its duration) and any guarantee of the obligations of the charterer under such bareboat charter, entered or to be entered into by the Owner which is the owner of that Ship and a charterer or, as the context may require, bareboat charterer and, in the plural, means all of them;

Assignable Charter means a Charter with an initial term or duration in excess of (or capable of exceeding, by virtue of any optional extension) 12 months;

Examples of Assignable Charter in a sentence

The Borrower will not agree to any amendment or supplement to, or waive or fail to enforce, the Underlying Documents (other than in respect of any Assignable Charter) to which it is a party or any of its provisions without the prior written consent of the Agent (acting on the instructions of the Majority Lenders) which consent and instructions will not be unreasonably withheld.
Each Obligor who is a Party undertakes that this clause 27 will be complied with in relation to each Mortgaged Ship which is subject to an Assignable Charter and its Charter Documents, in respect of the same and throughout the relevant Mortgaged Ship's Mortgage Period.
All Earnings which the relevant Owner is entitled to receive under the relevant Charter Documents in respect of the relevant Assignable Charter for the Ship shall be paid into the Earnings Account or, following an Event of Default, in the manner required by the Finance Documents.
Except with approval, the relevant Owner shall not terminate or rescind any relevant Charter Document in respect of the relevant Assignable Charter or withdraw the relevant Ship from service under the relevant Assignable Charter or take any similar action.
The relevant Owner shall perform its obligations under the relevant Charter Documents in respect of the relevant Assignable Charter for the Ship and use its reasonable endeavours to ensure that each other party to them performs their obligations under the relevant Charter Documents.

More Definitions of Assignable Charter

Assignable Charter means any Charter in respect of the Ship which has, or is capable of having, a duration equal to or exceeding 36 months (excluding any extension options).

Assignable Charter means, in relation to a Ship, any time charterparty, consecutive voyage charter or contract of affreightment in respect of such Ship having a duration (or capable of exceeding a duration) of 12 months or more and any guarantee of the obligations of the charterer under such charter or any bareboat charter in respect of that Ship and any guarantee of the obligations of the charterer under such bareboat charter, entered or to be entered into by the Borrower which is the owner thereof and a charterer or, as the context may require, bareboat charterer and, in the plural, means all of them.

Assignable Charter means, in relation to a Ship:

Assignable Charter means any time charterparty, consecutive voyage charter or contract of affreightment in respect of a Ship of a duration (or capable of exceeding a duration) of 13 months or more or any bareboat charter entered into in accordance with Clauses 22.16 (Restrictions on chartering, appointment of managers etc.) and 22.19 (Charterparty Assignment).

Assignable Charter means, in relation to a Ship, any time charterparty, consecutive voyage charter or contract of affreightment in respect of such Ship having a duration (or capable of exceeding a duration) equal or more than 12 months (including without limitation, any Initial Charter) and any guarantee of the obligations of the charterer under such charter or any bareboat charter in respect of that Ship and any guarantee of the obligations of the charterer under such bareboat charter, entered or to be entered into by the Owner which is the owner thereof and a charterer or, as the context may require, bareboat charterer and, in the plural, means all of them;

Assignable Charter means, in relation to a Vessel, any Charter relating to that Vessel the duration of which exceeds or is capable of exceeding, by virtue of any optional extensions, 13 months.

Assignable Charter means, in relation to a Ship, any time charterparty in respect of that Ship for a term of at least, or which by virtue of any option extensions is at least equal to, 12 months or any bareboat charterparty (including, without limitation, any Approved Charter), consecutive voyage charter or contract of affreightment in respect of such Ship of a duration (or capable of exceeding a duration) of 12 months or more and any guarantee of such charter or any bareboat charter in respect of that Ship and any guarantee of such bareboat charter, be entered into by the Borrower which is the owner thereof and a charterer or, as the context may require, bareboat charter and, in the plural, means all of them;

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