Common use of ALTERATION OF DELIVERY TIME Clause in Contracts

ALTERATION OF DELIVERY TIME. If the construction of the VESSEL is affected by any arbitration, the SELLER shall be permitted to extend the Contract Delivery Date in accordance with the arbitration award if the award includes a finding as to what extent the SELLER shall be permitted to extend the Contract Delivery Date. To the maximum extent possible, performance by the parties of their obligations under this Contract shall continue during the arbitration of any dispute hereunder, Date: 13th November, 2013