Common use of Buyer Responsible for Complying With all Laws During Transport Clause in Contracts

Buyer Responsible for Complying With all Laws During Transport. The Buyer hereby acknowledges and accepts responsibility for strict adherence to all applicable federal, state, and local laws, statutes, ordinances, rules regulations and orders relating to the environmental laws (hereinafter applicable laws), during transporting, processing or use of the Obsolete Vessel received from the Government under this Contract. The Buyer is cautioned that it is solely responsible to ascertain the extent to which applicable laws may affect it and comply therewith. The Buyer also hereby acknowledges and accepts responsibility for steps that must be taken to insure financial responsibility for any and all discharges of oil occurring after delivery of the Obsolete Vessel as required by 33 C.F.R. 130.1 et seq. administered by the United States Coast Guard.