APPOINTMENT OF THE SUPERVISOR. The BUYER may send in good time to and maintain at the Builder’s Shipyard, at the BUYER's own cost and expense, one or more Supervisors (the "Supervisors") to act on behalf of the BUYER in connection with minor modifications of the plans and drawings, attendance to the tests and inspections relating to the Vessel, her machinery, equipment and outfitting, and any other matters for which he is specifically authorized by the BUYER. Major changes shall have to be agreed in writing by the BUYER.
APPOINTMENT OF THE SUPERVISOR. The BUYER shall not be entitled to place supervision team at the SELLER’s shipyard. And the BUYER agrees that the SELLER to appoint the supervision team Hongxiang Shipping Corp. Limited as the Supervisors (the "Supervisors"). However after the effectiveness of the Contract, the BUYER have the right to place two representatives as the observers (the “Observers”) only to attend to all supervision and inspection for the period of construction whereby, provided that the Buyers’ representative shall in no event interfere or obstruct the construction progress of the Vessel.
APPOINTMENT OF THE SUPERVISOR. The Joint Venture shall have one (1) supervisor (“Supervisor”) to be appointed by Aura. The Supervisor shall be a PRC national. The term of office of the Supervisor shall be three (3) years and may be reappointed by the said Party to serve consecutive terms.
APPOINTMENT OF THE SUPERVISOR. (a) The Company shall have one (1) supervisor appointed by Xxxxxx Xxxxx. Directors and Officers of the Company shall not be appointed as the supervisor. Candidates for the supervisor shall be elected by the Shareholders’ Meeting.
(b) No supervisor shall have any personal liability for any act performed in his capacity as supervisor of the Company, except as otherwise provided by applicable laws.
(c) The supervisor shall be appointed for a term of three (3) years and may serve consecutive terms if re-appointed. If the seat of a supervisor is vacated by the retirement, resignation, illness, disability or death of the supervisor or by the removal of such supervisor by the appointing Party, the appointing Party shall appoint his successor within twenty (20) Business Days of such vacancy. Any such change as aforesaid must be registered with the local Administration for Market Regulation where the Company is located.
APPOINTMENT OF THE SUPERVISOR. The BUYER may, at its sole option, elect to waive their right to appoint their supervision team at the SELLER's shipyard for the Vessels BC64K-BTO3 and BC64K-BTO4 and instead have the SELLER appoint the supervision team Hongxiang Shipping Corp Limited. Such election in relation to a Vessel shall be made no later than two weeks before steel cutting in respect of such Vessel. Upon such election the relevant articles of the relevant Contract for such Vessel shall be amended as follows:
