Common use of Classification, Rules and Regulations Clause in Contracts

Classification, Rules and Regulations. (a) The VESSEL shall be built in compliance with the rules and regulations of the American Bureau of Shipping (ABS), (hereinafter called the "CLASSIFICATION SOCIETY"), in force as of the date of this CONTRACT, to be classed and registered with the following class notation: and also to fully comply in all respects with the rules and regulations of the other Regulatory Bodies and authorities, in force as of the date of this CONTRACT, as described in the SPECIFICATIONS. (b) The BUILDER shall arrange with the CLASSIFICATION SOCIETY for the assignment by the CLASSIFICATION SOCIETY of representative(s) to the SHIPYARD for supervision of the construction of the VESSEL. All fees and charges incidental to classification of the VESSEL in compliance with the above specified rules, regulations and requirements of this CONTRACT, and compliance with all other specified rules, regulations and requirements of the SPECIFICATIONS shall be for the account of the BUILDER. (c) The decision of the CLASSIFICATION SOCIETY as to whether the VESSEL complies with the regulations of the CLASSIFICATION SOCIETY shall be final and binding upon the BUILDER and the BUYER. (d) The BUILDER undertakes to notify the CLASSIFICATION SOCIETY that the BUILDER agrees to the CLASSIFICATION SOCIETY releasing to the BUYER, upon the BUYER's request, such information as the BUYER may request and the BUILDER approves (such approval not to be unreasonably withheld), from the CLASSIFICATION SOCIETY regarding correspondence related to plan approval, rules, regulations, certification criteria issues, design assumptions relating to the classification and certification of the VESSEL.

Classification, Rules and Regulations. (ai) The VESSEL Vessel including its machinery, equipment and outfittings shall be built in compliance with the current rules and regulations of the American Bureau of Shipping (ABS), ) (hereinafter called the "CLASSIFICATION SOCIETY"“Classification Society”), in force as of the date of this CONTRACT, to be classed and registered as +A1 (E) “Oil / Chemical Carrier Ship type 3”, +AMS, +ACCU, +BWE, CSR, AB-CM, RES, VEC-L, CRC, ESP, UWILD, TCM, CPP and Xxxxxxxx Islands Flag and in accordance with the following class notation: standards provided in the Specifications. Vessel to be equipped in accordance with regulations of ABS and also to fully comply in all respects with the rules rules, regulations and regulations requirements of other regulatory bodies (including the aforementioned Flag) as described in the Specifications. All materials, machinery, equipment and accessories to be supplied for the construction of the other Regulatory Bodies Vessel shall be new, and authoritiesof qualified manufacture. The Vessel shall be constructed in sound, prudent and workmanlike manner and according to the Builder’s building practices, quality control. (ii) References to rules, regulations and requirements in Paragraph (i) are to rules, regulations and requirements which are in force as at the date hereof and which are published and ratified as of the date of signing this CONTRACT, as described in Contract and to be effective on or before the SPECIFICATIONSdelivery of the Vessel. (biii) The BUILDER Builder shall arrange with the CLASSIFICATION SOCIETY Classification Society for the assignment by the CLASSIFICATION SOCIETY Classification Society of representative(sa Representative or Representatives (hereinafter referred to as the “Classification Surveyor”) to the SHIPYARD for supervision of the construction of the VESSELVessel during construction. All fees and charges incidental to classification of the VESSEL Vessel in compliance with the above specified rules, regulations and requirements of this CONTRACT, and compliance with all other specified rules, regulations and requirements of the SPECIFICATIONS Contract shall be for the account of the BUILDERBuilder unless stipulated otherwise in the Specifications. All major plans, materials and workmanship used in the construction of the Vessel shall be subject to inspection and test by the Classification Society in accordance with the rules and regulations of the Classification Society. (civ) The decision of the CLASSIFICATION SOCIETY Classification Society as to whether the VESSEL Vessel complies with the regulations of the CLASSIFICATION SOCIETY Classification Society shall be final and binding upon the BUILDER Builder and the BUYERBuyer. The facilities, labour and materials necessary for the safe and convenient conduct of any inspection by the Classification Society shall be furnished by the Builder without charge. (d) The BUILDER undertakes to notify the CLASSIFICATION SOCIETY that the BUILDER agrees to the CLASSIFICATION SOCIETY releasing to the BUYER, upon the BUYER's request, such information as the BUYER may request and the BUILDER approves (such approval not to be unreasonably withheld), from the CLASSIFICATION SOCIETY regarding correspondence related to plan approval, rules, regulations, certification criteria issues, design assumptions relating to the classification and certification of the VESSEL.

Classification, Rules and Regulations. (a) The VESSEL shall be built in compliance with the rules and regulations of the American Bureau of Shipping (ABS), (hereinafter called the "“CLASSIFICATION SOCIETY"”), in force as of the date of this CONTRACT, to be classed and registered with the following class notation: and also to fully comply in all respects with the rules and regulations of the other Regulatory Bodies and authorities, in force as of the date of this CONTRACT, as described in the SPECIFICATIONS. (b) The BUILDER shall arrange with the CLASSIFICATION SOCIETY for the assignment by the CLASSIFICATION SOCIETY of representative(s) to the SHIPYARD for supervision of the construction of the VESSEL. All fees and charges incidental to classification of the VESSEL in compliance with the above specified rules, regulations and requirements of this CONTRACT, and compliance with all other specified rules, regulations and requirements of the SPECIFICATIONS shall be for the account of the BUILDER. (c) The decision of the CLASSIFICATION SOCIETY as to whether the VESSEL complies with the regulations of the CLASSIFICATION SOCIETY shall be final and binding upon the BUILDER and the BUYER. (d) The BUILDER undertakes to notify the CLASSIFICATION SOCIETY that the BUILDER agrees to the CLASSIFICATION SOCIETY releasing to the BUYER, upon the BUYER's ’s request, such information as the BUYER may request and the BUILDER approves (such approval not to be unreasonably withheld), from the CLASSIFICATION SOCIETY regarding correspondence related to plan approval, rules, regulations, certification criteria issues, design assumptions relating to the classification and certification of the VESSEL.

Classification, Rules and Regulations. (a) The VESSEL shall be built designed, constructed, equipped, inspected, tested and completed in accordance with the rules and regulations of and under special survey of Lloyds Register of Shipping (hereinafter called the “Classification Society”), the editions and amendments in force as of February 28, 2006 (the “Classification Society Rules”, and wherever the term “Classification Society Rules” is used in this Contract, it means the rules of the Classification Society as stipulated in the Contract and the Specifications). The VESSEL shall be distinguished in the register by the symbol of *100A1 Containership *IWS, LI, ShipRight (SDA, CM) *LMC, UMS NAV1, SCM, with descriptive notes “ShipRight BWMP(F). Pt. Ht.” Details of Class notation shall be in accordance with the Specifications. Decisions of the Classification Society as to compliance or non-compliance with the classification rules and regulations shall be final and binding upon both parties hereto, except where this Contract provides for Arbitration. The VESSEL shall comply with rules, regulations, recommendations and requirements of the authorities as described and listed in the Specifications in force as of February 28, 2006, together with all mandatory rules and regulations with amendment, which have already been ratified up to February 28, 2006, and to come into effect prior to the scheduled delivery date of the VESSEL. The SELLER shall arrange with the Classification Society for the assignment by the Classification Society of a representative (hereinafter referred to as the “Classification Surveyor”) to the VESSEL during all stages of construction. All materials, workmanship and major plans used in the construction of the VESSEL shall be subject to inspection and test by the Classification Society in accordance with the rules and regulations of the American Bureau of Shipping (ABS), (hereinafter called the "CLASSIFICATION SOCIETY"), in force as of the date of this CONTRACT, to be classed and registered with the following class notation: and also to fully comply in all respects with the rules and regulations of the other Regulatory Bodies and authorities, in force as of the date of this CONTRACT, as described in the SPECIFICATIONS. (b) The BUILDER shall arrange with the CLASSIFICATION SOCIETY for the assignment by the CLASSIFICATION SOCIETY of representative(s) to the SHIPYARD for supervision of the construction of the VESSELClassification Society. All fees and charges in connection with or incidental to the classification of the VESSEL in VESSEL, to all certificates required under this Contract and the Specifications, and to compliance with the above specified rules, regulations and requirements of this CONTRACTrequirements, and compliance with all other specified rules, regulations and requirements of the SPECIFICATIONS shall be for the account of the BUILDER. (c) The decision SELLER. No omission of the CLASSIFICATION SOCIETY as to whether Classification Society and/or Classification Surveyor shall, in any way, diminish or impair the VESSEL complies with the regulations obligations and liabilities of the CLASSIFICATION SOCIETY shall be final and binding upon SELLER under the BUILDER and the BUYERterms of this Contract. (d) The BUILDER undertakes to notify the CLASSIFICATION SOCIETY that the BUILDER agrees to the CLASSIFICATION SOCIETY releasing to the BUYER, upon the BUYER's request, such information as the BUYER may request and the BUILDER approves (such approval not to be unreasonably withheld), from the CLASSIFICATION SOCIETY regarding correspondence related to plan approval, rules, regulations, certification criteria issues, design assumptions relating to the classification and certification of the VESSEL.

Classification, Rules and Regulations. (a) The VESSEL shall be built designed, constructed, equipped, inspected, tested and completed in compliance accordance with the rules and regulations of (the American Bureau of Shipping (ABS), (hereinafter called the "CLASSIFICATION SOCIETY"), edition and amendments thereto being in force and effect as of the date of this CONTRACT, to be classed and registered together with the following class notation: and also to fully comply in all respects with the mandatory rules and regulations and amendments thereto, which have already been ratified upto the date of this CONTRACT and to come into force prior to the date of keel laying of the other Regulatory Bodies VESSEL) of and authoritiesunder survey of Det Norske Veritas (hereinafter called the “CLASSIFICATION SOCIETY”) and shall be distinguished in the register by the symbol of +1A1, Container Carrier, NAUTICUS(Newbuilding), E0, NAUT-OC, BIS,TMON, CLEAN, BWM-E(s). Details of Class notation shall be in accordance with the SPECIFICATIONS. The VESSEL shall comply with rules, regulations, recommendations and requirements of the Authorities in force as of the date of this CONTRACT, the CONTRACT signing as described and listed in the SPECIFICATIONS, together with all mandatory rules and regulations with amendments, which have already been ratified up to the date of this CONTRACT and to come into effect prior to the date of keel laying of the VESSEL. (b) The BUILDER shall arrange with the CLASSIFICATION SOCIETY for the assignment by the CLASSIFICATION SOCIETY of representative(s) (the “Classification Surveyor”) to the SHIPYARD for supervision of the construction of the VESSELVESSEL during construction. All fees and charges incidental to classification of the VESSEL in compliance with the above specified rules, regulations and requirements of this CONTRACT, and compliance with all other specified rules, regulations and requirements of the SPECIFICATIONS CONTRACT shall be for the account of the BUILDER. (c) The decision of the CLASSIFICATION SOCIETY as to whether the VESSEL complies with the regulations of the CLASSIFICATION SOCIETY shall be final and binding upon the BUILDER and the BUYER. (d) The BUILDER undertakes to notify , except where this CONTRACT provides for arbitration. All materials, workmanship and major plans used in the construction of the VESSEL which will comply with the rules and regulations of the CLASSIFICATION SOCIETY that shall be subject to inspection and test by the BUILDER agrees CLASSIFICATION SOCIETY. Subject to decisions made by the CLASSIFICATION SOCIETY releasing pursuant to the BUYERArticle XIII. 1, upon the BUYER's request, such information as the BUYER may request and the BUILDER approves (such approval not to be unreasonably withheld), from no act or omission of the CLASSIFICATION SOCIETY regarding correspondence related to plan approvaland/or Classification Surveyor shall, rulesin any way, regulations, certification criteria issues, design assumptions relating to diminish or impair the classification obligations and certification liabilities of the VESSELBUILDER under the terms of this CONTRACT.

Classification, Rules and Regulations. (a) The VESSEL shall be built designed, constructed, equipped, inspected, tested and completed in compliance accordance with the rules and regulations of (the American Bureau of Shipping (ABS), (hereinafter called the "CLASSIFICATION SOCIETY"), edition and amendments thereto being in force and effect as of the date of this CONTRACT, to be classed and registered together with the following class notation: and also to fully comply in all respects with the mandatory rules and regulations and amendments thereto, which have already been ratified upto the date of this CONTRACT and to come into force prior to the date of keel laying of the other Regulatory Bodies VESSEL) of and authoritiesunder survey of Det Norske Veritas (hereinafter called the “CLASSIFICATION SOCIETY”) and shall be distinguished in the register by the symbol of +1A1, Container Carrier, NAUTICUS(Newbuilding), E0, NAUT-OC, BIS, TMON, CLEAN, BWM-E(s). Details of Class notation shall be in accordance with the SPECIFICATIONS. The VESSEL shall comply with rules, regulations, recommendations and requirements of the Authorities in force as of the date of this CONTRACT, the CONTRACT signing as described and listed in the SPECIFICATIONS, together with all mandatory rules and regulations with amendments, which have already been ratified up to the date of this CONTRACT and to come into effect prior to the date of keel laying of the VESSEL. (b) The BUILDER shall arrange with the CLASSIFICATION SOCIETY for the assignment by the CLASSIFICATION SOCIETY of representative(s) (the “Classification Surveyor”) to the SHIPYARD for supervision of the construction of the VESSELVESSEL during construction. All fees and charges incidental to classification of the VESSEL in compliance with the above specified rules, regulations and requirements of this CONTRACT, and compliance with all other specified rules, regulations and requirements of the SPECIFICATIONS CONTRACT shall be for the account of the BUILDER. (c) The decision of the CLASSIFICATION SOCIETY as to whether the VESSEL complies with the regulations of the CLASSIFICATION SOCIETY shall be final and binding upon the BUILDER and the BUYER. (d) The BUILDER undertakes to notify , except where this CONTRACT provides for arbitration. All materials, workmanship and major plans used in the construction of the VESSEL which will comply with the rules and regulations of the CLASSIFICATION SOCIETY that shall be subject to inspection and test by the BUILDER agrees CLASSIFICATION SOCIETY. Subject to decisions made by the CLASSIFICATION SOCIETY releasing pursuant to the BUYERArticle XIII.1, upon the BUYER's request, such information as the BUYER may request and the BUILDER approves (such approval not to be unreasonably withheld), from no act or omission of the CLASSIFICATION SOCIETY regarding correspondence related to plan approvaland/or Classification Surveyor shall, rulesin any way, regulations, certification criteria issues, design assumptions relating to diminish or impair the classification obligations and certification liabilities of the VESSELBUILDER under the terms of this CONTRACT.

Classification, Rules and Regulations. (a) The VESSEL shall be built designed, constructed, equipped, inspected, tested and completed in accordance with the rules and regulations (the edition and amendments thereto being in force and effect as of the date of this Contract) of and under special survey of Lloyds Register of Shipping (hereinafter called the “Classification Society”) and shall be distinguished in the register by the symbol of X100A1 Containership, Shipright (SDA, FDA, CM) *IWS, XLMC, UMS, SCM, EP, CAC, NAV1 Details of Class notation shall be in accordance with the Specifications. Decisions of the Classification Society as to compliance or non-compliance with the classification rules and regulations shall be final and binding upon both parties hereto, except where this Contract provides for Arbitration. The VESSEL shall comply with rules, regulations, recommendations and requirements of the Authorities in force as of the date of the Contract signing as described and listed in the Specifications, together with all mandatory rules and regulations with amendment, which have already been ratified up to the contract signing date and to come into effect prior to the scheduled delivery date of the VESSEL. The BUILDER shall arrange with the Classification Society for the assignment by the Classification Society of a representative (hereinafter referred to as the “Classification Surveyor”) to the VESSEL during all stages of construction. All materials, workmanship and major plans used in the construction of the VESSEL shall be subject to inspection and test by the Classification Society in accordance with the rules and regulations of the American Bureau of Shipping (ABS), (hereinafter called the "CLASSIFICATION SOCIETY"), in force as of the date of this CONTRACT, to be classed and registered with the following class notation: and also to fully comply in all respects with the rules and regulations of the other Regulatory Bodies and authorities, in force as of the date of this CONTRACT, as described in the SPECIFICATIONS. (b) The BUILDER shall arrange with the CLASSIFICATION SOCIETY for the assignment by the CLASSIFICATION SOCIETY of representative(s) to the SHIPYARD for supervision of the construction of the VESSELClassification Society. All fees and charges in connection with or incidental to the classification of the VESSEL in VESSEL, to all certificates required under this Contract and the Specifications, and to compliance with the above specified rules, regulations and requirements of this CONTRACTrequirements, and compliance with all other specified rules, regulations and requirements of the SPECIFICATIONS shall be for the account of the BUILDER. (c) The decision . No act or omission of the CLASSIFICATION SOCIETY as to whether Classification Society and/or Classification Surveyor shall, in any way, diminish or impair the VESSEL complies with the regulations obligations and liabilities of the CLASSIFICATION SOCIETY shall be final and binding upon BUILDER under the BUILDER and the BUYERterms of this Contract. (d) The BUILDER undertakes to notify the CLASSIFICATION SOCIETY that the BUILDER agrees to the CLASSIFICATION SOCIETY releasing to the BUYER, upon the BUYER's request, such information as the BUYER may request and the BUILDER approves (such approval not to be unreasonably withheld), from the CLASSIFICATION SOCIETY regarding correspondence related to plan approval, rules, regulations, certification criteria issues, design assumptions relating to the classification and certification of the VESSEL.

Classification, Rules and Regulations. (a) The VESSEL shall be built designed, constructed, equipped, inspected, tested and completed in compliance accordance with the rules and regulations of (the American Bureau of Shipping (ABS), (hereinafter called the "CLASSIFICATION SOCIETY"), edition and amendments thereto being in force and effect as of the date of this CONTRACT, to be classed and registered together with the following class notation: and also to fully comply in all respects with the mandatory rules and regulations and amendments thereto, which have already been ratified upto the date of this CONTRACT and to come into force prior to the date of keel laying of the other Regulatory Bodies VESSEL) of and authoritiesunder survey of Det Norske Veritas (hereinafter called the “CLASSIFICATION SOCIETY”) and shall be distinguished in the register by the symbol of +1A1, Container Carrier, NAUTICUS(Newbuilding), EO, NAUT-OC, BIS, TMON, CLEAN, BWM-E(s). Details of Class notation shall be in accordance with the SPECIFICATIONS. The VESSEL shall comply with rules, regulations, recommendations and requirements of the Authorities in force as of the date of this CONTRACT, the CONTRACT signing as described and listed in the SPECIFICATIONS, together with all mandatory rules and regulations with amendments, which have already been ratified up to the date of this CONTRACT and to come into effect prior to the date of keel laying of the VESSEL. (b) The BUILDER shall arrange with the CLASSIFICATION SOCIETY for the assignment by the CLASSIFICATION SOCIETY of representative(s) (the “Classification Surveyor”) to the SHIPYARD for supervision of the construction of the VESSELVESSEL during construction. All fees and charges incidental to classification of the VESSEL in compliance with the above specified rules, regulations and requirements of this CONTRACT, and compliance with all other specified rules, regulations and requirements of the SPECIFICATIONS CONTRACT shall be for the account of the BUILDER. (c) The decision of the CLASSIFICATION SOCIETY as to whether the VESSEL complies with the regulations of the CLASSIFICATION SOCIETY shall be final and binding upon the BUILDER and the BUYER. (d) The BUILDER undertakes to notify , except where this CONTRACT provides for arbitration. All materials, workmanship and major plans used in the construction of the VESSEL which will comply with the rules and regulations of the CLASSIFICATION SOCIETY that shall be subject to inspection and test by the BUILDER agrees CLASSIFICATION SOCIETY. Subject to decisions made by the CLASSIFICATION SOCIETY releasing pursuant to the BUYERArticle XIII. 1, upon the BUYER's request, such information as the BUYER may request and the BUILDER approves (such approval not to be unreasonably withheld), from no act or omission of the CLASSIFICATION SOCIETY regarding correspondence related to plan approvaland/or Classification Surveyor shall, rulesin any way, regulations, certification criteria issues, design assumptions relating to diminish or impair the classification obligations and certification liabilities of the VESSELBUILDER under the terms of this CONTRACT.

Classification, Rules and Regulations. (a) The VESSEL shall be built designed, constructed, equipped, inspected, tested and completed in accordance with the rules and regulations of and under special survey of Lloyds Register of Shipping (hereinafter called the “Classification Society”), the editions and amendments in force as of February 28, 2006 (the “Classification Society Rules”, and wherever the term “Classification Society Rules” is used in this Contract, it means the rules of the Classification Society as stipulated in the Contract and the Specifications). The VESSEL shall be distinguished in the register by the symbol of X100A1 Containership *IWS, LI, ShipRight (SDA, CM) XLMC, UMS NAV1, SCM, with descriptive notes “ShipRight BWMP(F). Pt. Ht.” Details of Class notation shall be in accordance with the Specifications. Decisions of the Classification Society as to compliance or non-compliance with the classification rules and regulations shall be final and binding upon both parties hereto, except where this Contract provides for Arbitration. The VESSEL shall comply with rules, regulations, recommendations and requirements of the authorities as described and listed in the Specifications in force as of February 28, 2006, together with all mandatory rules and regulations with amendment, which have already been ratified up to February 28, 2006, and to come into effect prior to the scheduled delivery date of the VESSEL. The SELLER shall arrange with the Classification Society for the assignment by the Classification Society of a representative (hereinafter referred to as the “Classification Surveyor”) to the VESSEL during all stages of construction. All materials, workmanship and major plans used in the construction of the VESSEL shall be subject to inspection and test by the Classification Society in accordance with the rules and regulations of the American Bureau of Shipping (ABS), (hereinafter called the "CLASSIFICATION SOCIETY"), in force as of the date of this CONTRACT, to be classed and registered with the following class notation: and also to fully comply in all respects with the rules and regulations of the other Regulatory Bodies and authorities, in force as of the date of this CONTRACT, as described in the SPECIFICATIONS. (b) The BUILDER shall arrange with the CLASSIFICATION SOCIETY for the assignment by the CLASSIFICATION SOCIETY of representative(s) to the SHIPYARD for supervision of the construction of the VESSELClassification Society. All fees and charges in connection with or incidental to the classification of the VESSEL in VESSEL, to all certificates required under this Contract and the Specifications, and to compliance with the above specified rules, regulations and requirements of this CONTRACTrequirements, and compliance with all other specified rules, regulations and requirements of the SPECIFICATIONS shall be for the account of the BUILDER. (c) The decision SELLER. No omission of the CLASSIFICATION SOCIETY as to whether Classification Society and/or Classification Surveyor shall, in any way, diminish or impair the VESSEL complies with the regulations obligations and liabilities of the CLASSIFICATION SOCIETY shall be final and binding upon SELLER under the BUILDER and the BUYERterms of this Contract. (d) The BUILDER undertakes to notify the CLASSIFICATION SOCIETY that the BUILDER agrees to the CLASSIFICATION SOCIETY releasing to the BUYER, upon the BUYER's request, such information as the BUYER may request and the BUILDER approves (such approval not to be unreasonably withheld), from the CLASSIFICATION SOCIETY regarding correspondence related to plan approval, rules, regulations, certification criteria issues, design assumptions relating to the classification and certification of the VESSEL.