Common use of BUYER’S SUPPLIED ITEMS Clause in Contracts

BUYER’S SUPPLIED ITEMS. The BUYER shall on its own account deliver to the SELLER at BUILDER'S shipyard the BUYER'S supplied items as specified in the Specifications in accordance with the time schedule to be furnished by the SELLER to meet the building schedule of the VESSEL. Should the BUYER fail to deliver to the SELLER such items within the time specified, the delivery of the VESSEL shall be extended for a period of such delay, provided such delay in delivery of the BUYER's supplied items shall affect the delivery of the VESSEL. If the delay in delivery of the BUYER's supplied items should exceed thirty (30) days, the SELLER shall be entitled to proceed with the construction of the VESSEL without installation of such items in or onto the VESSEL, without prejudice to the SELLER's right hereinabove provided, and the BUYER shall accept the VESSEL so completed. The SELLER shall be responsible for storing and handling of the BUYER's supplies as specified in the Specifications after delivery to the SELLER and shall install them on board the VESSEL at the SELLER's expenses. Upon arrival of such shipment of the BUYER's supplied items, both parties shall undertake a joint unpacking inspection. If any damages are found to be not suitable for installation, the SELLER shall be entitled to refuse to accept such BUYER's supplied items.