Common use of Buyers’ representatives Clause in Contracts

Buyers’ representatives. After this Agreement has been signed by both parties and the deposit and Corporate Guarantee has been lodged, the Buyers have the right to place two representatives on board the Vessel at their sole risk and expense for the last 90 days prior to the intended delivery date upon arrival at on or about These representatives are on board for the purpose of familiarisation and in the capacity of observers only, and they shall not interfere in any respect with the operation of the Vessel. The Buyers’ representatives shall sign the Sellers’ letter of indemnity prior to their embarkation.

Appears in 2 contracts

Samples: Memorandum of Agreement for Sale and Purchase of Ships (Danaos Corp), Memorandum of Agreement for Sale and Purchase of Ships (Danaos Corp)

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Buyers’ representatives. After this Agreement has been signed by both parties and the deposit and Corporate Guarantee has been lodged, the Buyers have the right to place up to and including the time of delivery two representatives on board the Vessel at their sole risk and expense for the last 90 days prior to the intended delivery date expenses upon arrival at ___on or about ___. These representatives are on board for the purpose of familiarisation and in the capacity of observers only, and they shall not interfere in any respect with the operation of the Vessel. The Buyers’ and their representatives shall sign the Sellers’ letter of indemnity prior to their embarkation.

Appears in 1 contract

Samples: Memorandum of Agreement for Sale and Purchase of Ships (FreeSeas Inc.)

Buyers’ representatives. After this Agreement has been signed by both parties and the deposit and Corporate Guarantee has been lodged, the The Buyers have the right to place two representatives on board the Vessel at their sole risk and expense for the last 90 up to 30 days prior to the intended delivery date delivery. upon arrival at on or about These representatives are on board for the purpose of familiarisation and in the capacity of observers only, and they shall not interfere in any respect with the operation of the Vessel. The Buyers’ representatives shall sign the Sellers’ letter of indemnity prior to their embarkation.

Appears in 1 contract

Samples: Charterparty (Gulfmark Offshore Inc)

Buyers’ representatives. After this Agreement agreement has been signed by both parties and the deposit and Corporate Guarantee has been lodged, the Buyers have the right to place two representatives on board the Vessel at their sole risk and expense for the last 90 days prior to the intended delivery date upon arrival at on or about These representatives representative are on board for the purpose of familiarisation and in the capacity of observers only, and they shall not interfere in any respect with the operation of the Vessel. The Buyers’ representatives shall sign the Sellers’ letter of indemnity prior to their embarkation.. Max stay onboard 10 days, and reps to pay euro 12 per person per day for as long as they stay onboard

Appears in 1 contract

Samples: Memorandum of Agreement for Sale and Purchase of Ships (StealthGas Inc.)

Buyers’ representatives. After this Agreement has been signed by both parties and the deposit and Corporate Guarantee has been lodged, the Buyers have the right to place two representatives on board the Vessel at their sole risk and expense for the last 90 days prior to the intended delivery date upon arrival at on or about four (4) weeks prior to the intended date of delivery, at the Vessel's last loading port before delivery at the latest in any case. These representatives are on board for the purpose of familiarisation and in the capacity of observers only, and they shall not interfere in any respect with the operation of the Vessel. The Buyers' representatives shall sign the Sellers' letter of indemnity prior to their embarkation.

Appears in 1 contract

Samples: Memorandum of Agreement for Sale and Purchase of Ships (Oceanfreight Inc.)

Buyers’ representatives. After this Agreement has been signed by both parties and the deposit and Corporate Guarantee has been lodged, the Buyers have the right to place two representatives on board the Vessel at their sole risk and expense for the last 90 days not earlier than 2 months prior to the intended delivery date upon arrival at on or about These representatives are on board for the purpose of familiarisation and in the capacity of observers only, and they shall not interfere in any respect with the operation of the Vessel. The Buyers’ representatives shall sign the Sellers’ letter of indemnity prior to their embarkation.

Appears in 1 contract

Samples: Memorandum of Agreement for Sale and Purchase of Ships (DryShips Inc.)

Buyers’ representatives. After this Agreement has come into effect been signed by both parties and the deposit and Corporate Guarantee has been lodged, the Buyers have the right at any time within the period of one month prior to the expected delivery date to place two representatives on board the Vessel at their sole risk and expense for the last 90 days prior to the intended delivery date expense. upon arrival at on or about These representatives are on board for the purpose of familiarisation and in the capacity of observers only, and they shall not interfere in any respect with the operation of the Vessel. The Buyers’ representatives shall sign the Sellers’ letter xxxxxx of indemnity prior to their embarkation.

Appears in 1 contract

Samples: Purchase Option Agreement (Exmar Energy Partners LP)

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Buyers’ representatives. After this Agreement has been signed by both parties and the deposit and Corporate Guarantee has been lodged, the Buyers have the right to place two representatives on board the Vessel at their sole risk and expense for the last 90 upon arrival at suitable place, however not earlier than 30 days prior to the intended expected delivery date upon arrival at date. on or about These representatives are on board for the purpose of familiarisation and in the capacity of observers only, and they shall not interfere in any respect with the operation of the Vessel. The Buyers’ representatives shall sign the Sellers’ letter of indemnity prior to their embarkation.

Appears in 1 contract

Samples: Memorandum of Agreement for Sale and Purchase of Ships (Oceanfreight Inc.)

Buyers’ representatives. After this Agreement has been signed by both parties and the deposit and Corporate Guarantee has been lodged, the Buyers have the right to place two representatives on board the Vessel at their sole risk and expense for the last 90 days prior to the intended delivery date upon arrival at for maximum on or about 6 weeks. These representatives are on board for the purpose of familiarisation and strictly in the capacity of observers onlyonly and under the Masters command, and they shall not interfere in any respect with the operation of the VesselVessel and her schedule. The Buyers’ representatives shall sign the Sellers’ letter of indemnity Indemnity prior to their embarkation.

Appears in 1 contract

Samples: Memorandum of Agreement (Britannia Bulk PLC)

Buyers’ representatives. After this Agreement has been signed by both parties and the deposit and Corporate Guarantee has been lodged, the Buyers have the right to place maximum two representatives on board the Vessel up to 30 days prior to delivery who may remain on board the Vessel at their sole risk and expense for the last 90 days prior to the intended delivery date upon arrival at on or about until delivery. These representatives are on board for the purpose of familiarisation and in the capacity of observers only, and they shall not interfere in any respect with the Sellers’ operation of the Vessel/the Sellers’ work. The Buyers’ representatives shall sign the Sellers’ usual P&l letter of indemnity prior to their embarkation.

Appears in 1 contract

Samples: Memorandum of Agreement for Sale and Purchase of Ships (Genco Shipping & Trading LTD)

Buyers’ representatives. After this Agreement has been signed by both parties and the deposit and Corporate Guarantee has been lodged, the Buyers have the right to place up to and including the time of delivery two representatives on board the Vessel at their sole risk and expense for the last 90 days prior to the intended delivery date upon arrival at ___on or about ___. These representatives are on board for the purpose of familiarisation and in the capacity of observers only, and they shall not interfere in any respect with the operation of the Vessel. The Buyers’ and their representatives shall sign the Sellers’ letter of indemnity prior to their embarkation.

Appears in 1 contract

Samples: Memorandum of Agreement for Sale and Purchase of Ships (FreeSeas Inc.)

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