Common use of Condition on delivery Clause in Contracts

Condition on delivery. The Vessel with everything belonging to her shall be at the Sellers’ risk and expense until she is delivered to the Buyers, but subject to the terms and conditions of this Agreement she shall be delivered and taken over, otherwise in the same condition as she was at the time of inspection, fair wear and tear excepted. However, the Vessel shall be delivered free of cargo and free of stowaways with her Class maintained without condition/recommendation*, free of average damage affecting the Vessel’s class, and with her classification certificates and national certificates, as well as all other certificates the vessel had at the time of inspection, valid without condition/recommendation* by the Classification Society or the relevant authorities at the time of delivery.

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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Condition on delivery. The Vessel with everything belonging to her shall be at the Sellers’ risk and expense until she is delivered to the Buyers, but subject to the terms and conditions of this Agreement she shall be delivered and taken over, otherwise in the same condition as she was at the time of inspection, fair wear and tear excepted. However, the Vessel shall be delivered free of cargo and free of stowaways with her Class maintained without condition/recommendation*, free of average damage affecting the Vessel’s class, and with her classification certificates and national certificates, as well as all other certificates the vessel Vessel had at the time of inspection, inspection valid without condition/recommendation* by the Classification classification Society or the relevant authorities at the time of of-delivery.

Appears in 2 contracts

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

Condition on delivery. The Vessel with everything belonging to her shall be at the Sellers’ Seller’s risk and expense until she is delivered to the BuyersBuyer, but subject to the terms and conditions of this Agreement she shall be delivered and taken over, otherwise in the same condition over as she was at the time of inspection, fair wear and tear excepted. However, the Vessel shall be delivered free of cargo and free of stowaways with her Class maintained without condition/recommendation*, free of average damage affecting the Vessel’s class, and with her classification certificates and national certificates, as well as all other certificates the vessel Vessel had at the time of inspection, valid and unextended without condition/recommendation* recommendation by the Classification Society or the relevant authorities at the time of delivery.

Appears in 2 contracts

Samples: Master Agreement (Pingtan Marine Enterprise Ltd.), Master Agreement (Pingtan Marine Enterprise Ltd.)

Condition on delivery. The Vessel with everything belonging to her shall be at the Sellers’ risk and expense until she is delivered to the Buyers, but subject to the terms and conditions of this Agreement she shall be delivered and taken over, otherwise in the same condition over as she was at the time of inspection, fair wear and tear excepted. However, the Vessel shall be delivered free of cargo and free of stowaways with her Class class maintained without condition/recommendation*, free of average damage affecting the Vessel’s class, and with her classification certificates and national certificates, as well as all other certificates the vessel Vessel is required to have at the time of delivery had at the time of inspection, valid and unextended without condition/recommendation* by the Classification Society Class or the relevant authorities at the time of delivery.

Appears in 1 contract

Samples: Memorandum of Agreement (Cambridge Holdco, Inc.)

Condition on delivery. The Vessel with everything belonging to her shall be at the Sellers’ risk and expense until she is delivered to the Buyers, but subject to the terms and conditions of this Agreement she shall be delivered and taken over, otherwise in the same condition over as she was at the time of inspection, fair wear and tear excepted. However, the Vessel shall be delivered free of cargo and free of stowaways with her Class class maintained without condition/recommendation*, free of average damage affecting the Vessel’s class, and with her classification certificates and national certificatesnational, statutory and international trading certificates under present flag, as well as all other certificates the vessel Vessel had at the time of inspectioninspection clean, valid and unextended without condition/recommendation* recommendation by the Classification Society Class or the relevant authorities at the time of delivery.

Appears in 1 contract

Samples: Memorandum of Agreement (Omega Navigation Enterprises, Inc.)

Condition on delivery. The Vessel with everything belonging to her shall be at the Sellers’ risk and expense until she is delivered to the Buyers, but subject to the terms and conditions of this Agreement she shall be delivered and taken over, otherwise in the same condition over as she was at the time of inspection, fair wear and tear excepted. However, the Vessel shall be delivered free of cargo and free of stowaways with her Class maintained without condition/recommendation*, free of average damage affecting the Vessel’s classClass, and with her classification certificates and national certificates, as well as all other certificates the vessel Vessel had at the time of inspection, valid and unextended without condition/recommendation* by the Classification Society or the relevant authorities at the time of delivery.

Appears in 1 contract

Samples: Memorandum of Agreement (United Maritime Corp)

Condition on delivery. The Vessel with everything belonging to her shall be at the Sellers’ risk and expense until she is delivered to the Buyers, but subject to the terms and conditions of this Agreement she shall be delivered and taken over, otherwise in the same condition over as she was at the time of inspection, fair wear and tear excepted. However, the Vessel shall be delivered free of cargo and free of stowaways with her Class maintained without condition/condition/ recommendation*, free of average damage affecting the Vesselvessel’s class, and with her classification certificates and national certificates, as well as all other certificates the vessel Vessel had at the time of inspection, valid and unextended without condition/condition/ recommendation* by the Classification Society or the relevant authorities at the time of delivery.

Appears in 1 contract

Samples: Seanergy Maritime Holdings Corp.

Condition on delivery. The Vessel with everything belonging to her shall be at the Sellers’ risk and expense until she is delivered to the Buyers, but subject to the terms and conditions of this Agreement she shall be delivered and taken over, otherwise in the same condition over as she was at the time of inspection, fair wear and tear excepted. However, the Vessel shall be delivered free of cargo and free of stowaways with her Class maintained without overdue condition/recommendation*, free of average damage affecting the Vessel’s class, and with her classification certificates and national certificates, as well as all other certificates the vessel Vessel had at the time of inspection, valid and unextended without overdue condition/recommendation* by the Classification Society or the relevant authorities at the time of delivery.

Appears in 1 contract

Samples: Vessel Option Agreement (Exmar Energy Partners LP)

Condition on delivery. The Vessel with everything belonging to her shall be at the Sellers' risk and expense until she is delivered to the Buyers, but subject to the terms and conditions of this Agreement she shall be delivered and taken over, otherwise in the same condition over as she was at the time of inspection, fair wear and tear excepted. However, the Vessel shall be delivered free of cargo and free of stowaways with her Class maintained without condition/recommendation*, free of average damage affecting the Vessel’s 's class, and with her classification certificates and national certificates, as well as all other certificates the vessel Vessel had at the time of inspection, valid and unextended without condition/conditionl recommendation* by the Classification Society or the relevant authorities for three (3) months after at the time Vessel's of deliverydelivery date.

Appears in 1 contract

Samples: Memorandum of Agreement (DryShips Inc.)

Condition on delivery. The Vessel with everything belonging to her shall be at the Sellers’ risk and expense until she is delivered to the BuyersBuyer, but subject to the terms and conditions of this Agreement she shall be delivered and taken over, otherwise in the same condition over as she was at the time of inspectiondelivery, fair wear and tear excepted. However, the Vessel shall be delivered free of cargo and free of stowaways with her Class maintained without condition/recommendation*, free of average damage affecting the Vessel’s class, and with her classification certificates and national certificates, as well as all other certificates the vessel Vessel had at the time of inspectiondelivery, valid and unextended without condition/recommendation* by the Classification Society or the relevant authorities at the time of delivery. *Notes and memoranda, if any, in the surveyor’s report which are accepted by the Classification Society without condition/recommendation are not to be taken into account.

Appears in 1 contract

Samples: Vessel Acquisition Agreement (DHT Holdings, Inc.)

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Condition on delivery. The Vessel with everything belonging to her shall be at the Sellers’ risk and expense until she is delivered to the Buyers, but subject to the terms and conditions of this Agreement she shall be delivered and taken over, otherwise in the same condition over as she was at the time of inspection, fair wear and tear excepted. However, the Vessel shall be delivered free of cargo and free of stowaways with her Class class maintained without condition/recommendation*, free of average damage affecting the Vessel’s class, and with all her classification certificates and national national/international certificates, as well as all other certificates the vessel Vessel had at the time of inspection, clean, valid and unextended at the time of delivery of the vessels, with all continuos survey items completely up to date without extensions and without condition/recommendation* by the Classification Society Class or the relevant authorities at the time of delivery.

Appears in 1 contract

Samples: Memorandum of Agreement (Genco Shipping & Trading LTD)

Condition on delivery. The Vessel with everything belonging to her shall be at the Sellers’ risk and expense until she is delivered to the Buyers, but subject to the terms and conditions of this Agreement she shall be delivered and taken over, otherwise in the same condition over as she was at the time of inspection, fair wear and tear excepted. However, the Vessel shall be delivered free of cargo and free of stowaways with her Class class maintained without condition/recommendation*, free of average damage affecting the Vessel’s class, and with her classification certificates and national certificatesnational, statutory and international trading certificates under present flag, as well as all other certificates the vessel Vessel had at the time of inspectioninspection clean, valid and unextended without condition/recommendation* by the Classification Society Class or the relevant authorities at the time of delivery.

Appears in 1 contract

Samples: Memorandum of Agreement (Omega Navigation Enterprises, Inc.)

Condition on delivery. The Vessel with everything belonging to her shall be at the Sellers’ risk and expense until she is delivered to the Buyers, but in accordance subject to the terms and conditions of this Agreement she shall be delivered and taken over, otherwise over in substantially the same condition as she was at the time of inspection, fair wear and tear excepted. However, the Vessel shall be delivered free of cargo and free of stowaways with her Class class maintained without condition/recommendation*, free of average damage affecting the Vessel’s class, and with her classification certificates and national certificates, as well as all other certificates the vessel Vessel had at the time of inspection, valid and unextended without condition/recommendation* by the Classification Society Class or the relevant authorities at for a period of not less than three months from the time of delivery.

Appears in 1 contract

Samples: Memorandum of Agreement (Oceanfreight Inc.)

Condition on delivery. The Vessel with everything belonging to her shall be at the Sellers' risk and expense until she is delivered to the Buyers, but subject to the terms and conditions of this Agreement she shall be delivered and taken over, otherwise in the same condition over as she was at the time of inspection, fair wear and tear excepted. However, the Vessel shall be delivered free of cargo and free of stowaways with her Class maintained without condition/recommendation*, free of average damage affecting the Vessel’s 's class, and with her classification certificates and national certificates, as well as all other certificates the vessel Vessel had at the time of inspection, valid and unextended without condition/recommendation* by the Classification Society or the relevant authorities at the time of delivery.

Appears in 1 contract

Samples: Loan Agreement (Frontline LTD /)

Condition on delivery. The Vessel with everything belonging to her shall be at the Sellers’ risk and expense until she is delivered to the Buyers, but subject to the terms and conditions of this Agreement she shall be delivered and taken over, otherwise in the same condition over as she was at the time of inspection, fair wear and tear excepted. However, the Vessel shall be delivered free of cargo and free of stowaways with her Class maintained without condition/condition/ recommendation*, free of average damage affecting the Vessel’s class, and with her classification certificates and national certificates, as well as all other certificates the vessel Vessel had at the time of inspection, valid and unextended without condition/condition/ recommendation* by the Classification Society or the relevant authorities at the time of delivery.

Appears in 1 contract

Samples: Memorandum of Agreement (Seanergy Maritime Holdings Corp.)

Condition on delivery. The Vessel with everything belonging to her shall be at the Sellers’ risk and expense until she is delivered to the Buyers, but subject to the terms and conditions of this Agreement she shall be delivered and taken over, otherwise in the same condition over as she was at the time of inspection, fair wear and tear excepted. However, the Vessel shall be delivered free of cargo and free of stowaways with her Class class maintained without condition/recommendation** , free of average damage affecting the Vessel’s class, and with her classification certificates and national certificates, as well as all other certificates the vessel Vessel is required to have at the time of delivery had at the time of inspection, valid and unextended without condition/recommendation* by the Classification Society Class or the relevant authorities at the time of delivery.

Appears in 1 contract

Samples: Memorandum of Agreement (Cambridge Holdco, Inc.)

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