Common use of Buyers’ representatives Clause in Contracts

Buyers’ representatives. After this Agreement has been signed by the Parties and the Deposit has been lodged the Buyers have the right to place two (2) representatives on board the Vessel at their sole risk and Expense for a maximum of ten (10) 14 days and will pay USD 25 each for every day onboard. 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 the Buyers’ representatives shall sign the Sellers’ P&I Club’s standard letter of Indemnity prior to their embarkation.

Appears in 2 contracts

Samples: Memorandum of Agreement (Imperial Petroleum Inc./Marshall Islands), Memorandum of Agreement (Imperial Petroleum Inc./Marshall Islands)

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Buyers’ representatives. After this Agreement has been signed by the Parties and the Deposit has been lodged lodged, the Buyers have the right to place two (2) representatives on board the Vessel at their sole risk and Expense for a maximum of ten (10) 14 days and will pay USD 25 each for every day onboard. 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 the Buyers’ representatives shall sign the Sellers’ P&I P&l Club’s standard letter of Indemnity indemnity prior to their embarkation.

Appears in 2 contracts

Samples: Memorandum of Agreement (Imperial Petroleum Inc./Marshall Islands), Memorandum of Agreement (Imperial Petroleum Inc./Marshall Islands)

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Buyers’ representatives. After this Agreement has been signed by the Parties both parties and the Deposit deposit has been lodged lodged, the Buyers have the right to place maximum two representatives on board the Vessel up to thirty (230) representatives days prior to delivery who may remain on board the Vessel at their sole risk and Expense for a maximum of ten (10) 14 days and will pay USD 25 each for every day onboardexpense 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 and the Buyers’ representatives shall sign the Sellers’ P&I Club’s standard usual P&l letter of Indemnity indemnity prior to their embarkation.

Appears in 1 contract

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

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