Common use of Classification, Rules and Regulations Clause in Contracts

Classification, Rules and Regulations. The 1st Paragraph of Article I. 3 in the Shipbuilding Contract shall be deleted and replaced by the following; “The Vessel, including her machinery, equipment and outfit, shall be constructed in accordance with the Builder’s shipbuilding practice, Builder’s quality standard and the edition and amendments thereto in force at the execution date of this Contract, of the rules and regulations of and under special survey of DNV-GL (the “Classification Society”), and shall be distinguished in the Classification Society’s register by the symbols of ‘+1A1, “Tanker for Oil ESP”, CSR, COAT- PSPC(B),E0, TMON, SPM, CRANE,VCS-2, CLEAN, BWM-T, BIS’. Words and expressions defined in the Shipbuilding Contract shall have the same meanings when used in this AMENDMENT NO.1, and all other terms and conditions of the Shipbuilding Contract shall remain unchanged and in full force and effect. This AMENDMENT NO.1 shall be governed by and construed in accordance with the laws of England and any dispute, controversy, or difference that may arise between the parties out of, or in relation to, or in connection with, this Amendment No. 1, which can not be settled by the parties themselves, shall be settled in accordance with ARTICLE XIII of the Shipbuilding Contract.

Classification, Rules and Regulations. The 1st Paragraph of Article I. 3 in the Shipbuilding Contract shall be deleted and replaced by the following; “The Vessel, including her machinery, equipment and outfit, shall be constructed in accordance with the Builder’s shipbuilding practice, Builder’s quality standard and the edition and amendments thereto in force at the execution date of this Contract, of the rules and regulations of and under special survey of DNV-GL (the “Classification Society”), and shall be distinguished in the Classification Society’s register by the symbols of ‘+1A1, “Tanker for Oil ESP”, CSR, COAT- PSPC(B),E0, TMON, SPM, CRANE,, VCS-2, CLEAN, BWM-T, BIS’. Words and expressions defined in the Shipbuilding Contract shall have the same meanings when used in this AMENDMENT NO.1, and all other terms and conditions of the Shipbuilding Contract shall remain unchanged and in full force and effect. This AMENDMENT NO.1 shall be governed by and construed in accordance with the laws of England and any dispute, controversy, or difference that may arise between the parties out of, or in relation to, or in connection with, this Amendment No. 1, which can not be settled by the parties themselves, shall be settled in accordance with ARTICLE XIII of the Shipbuilding Contract.