TK » Topics » 19.15 ISM Compliance

This excerpt taken from the TK 20-F filed Apr 8, 2005.

19.15     ISM Compliance

Each Obligor shall (and the Parent Guarantor shall procure that each other Obligor shall) comply (and procure that the manager of each Collateral Vessel which it owns, if not managed by it, complies) in all material respects with the ISM Code or any replacement thereof and in particular (without prejudice to the generality of the foregoing) shall ensure that it holds (or procures that such other manager holds) a valid and current Document of Compliance issued pursuant to the ISM Code and a valid and current Safety Management Certificate issued in respect of such Collateral Vessel pursuant to the ISM Code and such Obligor shall (and the Parent Guarantor shall procure that each other Obligor shall), promptly upon request, supply the Administrative Agent with copies of the same.

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