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Bollard Pull Sample Clauses

Bollard Pull. Should the bollard pull of the vessel as recorded during the official sea trial be less than the Bollard Pull contracted in Article 2.8 and should the Builder be unable to remedy this defect within reasonable time, then the Owner can reject the Vessel. In such event the Builder shall refund immediately to the Owner the full amount the Owner has paid to the Builder under this Contract together with the original cost of the Owner Furnished Equipment delivered to the Builder, plus interest thereon at the rate of 2% above prevailing prime rate of DBS Bank, Singapore from the date following the date of receipt by the Builder of such pre-delivery installment(s) to the date of payment by the Builder to the Owner of the refund, whereupon this Contract shall be deemed to be rescinded and all rights, duties, liabilities and obligations of each of the Parties to the other shall terminate.
Bollard PullThe Vessel's bollard pull during sea trail at 100% MCR must be:
Bollard PullThe BUILDER shall have no liability whatsoever for any specific performance in relation to the VESSEL’s Bollard Pull. Ulstein Verft AS X.X. Xxx 000, X-0000 Xxxxxxxxxx, Xxxxxx Tel. +00 0000 0000. Fax +00 0000 0000 Ent. No: 912 447 561 xxx.xxxxxxx.xxx
Bollard Pull. 7.1.3.1 If the Bollard Pull, as determined at the Sea Trials, is less than 5.5 tons, the Purchaser shall (at its option) have the following remedies: (A) The Purchaser may require that the deficiency in Bollard Pull be remedied within one month of Purchaser's demand for remedy, in which case additional Sea Trials shall be conducted to determine if the Bollard Pull is at least 5.5 tons; or (B) The Purchaser may accept the Vessel with the reduced Bollard pull, in which case the Purchase Price shall be reduced by $50,000; or (C) The Purchaser may reject the Vessel and terminate this Agreement in accordance with the provisions of Article 7.3 hereof.

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