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Common use of 4th Instalment Clause in Contracts

4th Instalment. The sum of United States Dollars six million eight hundred twenty (US$ 6,825,000) only, shall become due and payable and be paid within five (5) New York business days of the receipt by the BUYER of a telefax notice from the SELLER attaching a Stage Certificate in the form of the draft attached as Exhibit “D”, countersigned by the Classification Surveyor, certifying that the VESSEL has been successfully launched. C. Except as expressly provided in this Amendment, all of the terms and conditions of the Shipbuilding Contract shall remain in full force and effect. D. The parties hereto agree that the validity and interpretation of this Amendment shall be governed by and interpreted in accordance with the laws of England.

Appears in 2 contracts

Samples: Shipbuilding Contract (TBS International LTD), Shipbuilding Contract (TBS International LTD)

4th Instalment. The sum of United States Dollars six million eight hundred twenty twenty-five (US$ 6,825,000) only, shall become due and payable and be paid within five (5) New York business days of the receipt by the BUYER of a telefax notice from the SELLER attaching a Stage Certificate in the form of the draft attached as Exhibit “D”, countersigned by the Classification Surveyor, certifying that the VESSEL has been successfully launched. C. Except as expressly provided in this Amendment, all of the terms and conditions of the Shipbuilding Contract shall remain in full force and effect. D. The parties hereto agree that the validity and interpretation of this Amendment shall be governed by and interpreted in accordance with the laws of England.

Appears in 2 contracts

Samples: Shipbuilding Contract (TBS International PLC), Shipbuilding Contract (TBS International LTD)

4th Instalment. The sum of United States Dollars six million eight hundred twenty (US$ 6,825,0006,820,000) only, shall become due and payable and be paid within five (5) New York business days of the receipt by the BUYER of a telefax notice from the SELLER attaching a Stage Certificate in the form of the draft attached as Exhibit “D”, countersigned by the Classification Surveyor, certifying that the VESSEL has been successfully launched. C. Except as expressly provided in this Amendment, all of the terms and conditions of the Shipbuilding Contract shall remain in full force and effect. D. The parties hereto agree that the validity and interpretation of this Amendment shall be governed by and interpreted in accordance with the laws of England.

Appears in 2 contracts

Samples: Shipbuilding Contract (TBS International LTD), Shipbuilding Contract (TBS International LTD)