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 Agreements she shall be delivered by the Sellers and taken over by the Buyers as she was at the time of inspection, fair wear and tear excepted. However, the Vessel shall be delivered 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 and unextended for minimum 3 (three) months after the day of delivery without condition/recommendation* by Class or relevant authorities at the time of delivery.

Appears in 5 contracts

Samples: Memorandum of Agreement (Danaos Corp), Memorandum of Agreement (Danaos Corp), Memorandum of Agreement (Danaos Corp)

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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 Agreements Agreement she shall be delivered by the Sellers and taken over by the Buyers as she was at the time of inspection, fair wear and tear excepted. However, the Vessel shall be delivered with her class fully maintained without condition/recommendationcondition free of /recommendation*, free of average damage affecting the Vessel’s class, and with her classification certificates and national certificates/ International Trading certificates according to the vessel’s present Flag, as well as all other certificates the Vessel had at the time of inspection, valid and unextended for minimum 3 (three) months after the day of delivery without condition/recommendation* by Class or the relevant authorities at the time of delivery for a period of 3 months. The vessel C.S.M. items are to be fully uptodate at the time of delivery.

Appears in 4 contracts

Samples: Memorandum of Agreement (DryShips Inc.), Confidential Treatment (DryShips Inc.), 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 Buyers, but subject to the terms and conditions of this Agreements Agreement she shall be delivered by the Sellers and taken over by the Buyers as she was at the time of inspection, fair wear and tear excepted. However, the Vessel shall be delivered with her class fully maintained without condition/recommendation*, free of average damage affecting the Vessel’s class, and with her classification certificates and national certificates/ International Trading certificates according to the vessels’ present Flag, as well as all other certificates the Vessel had at the time of inspection, valid and unextended for minimum 3 (three) months after the day of delivery without condition/recommendation* by Class or the relevant authorities at the time of delivery. for a period of 3 months. The vessel C.S.M. Items are to be fully uptodate at the time of delivery.

Appears in 2 contracts

Samples: Memorandum of Agreement (DryShips Inc.), 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 Buyers, but subject to the terms and conditions of this Agreements she shall be delivered by the Sellers and taken over by the Buyers as she was at the time of inspection, fair wear and tear excepted. However, the Vessel shall be delivered 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 and unextended for minimum 3 (three) months after the day of delivery without condition/recommendation* by Class or relevant authorities at the time of delivery.

Appears in 1 contract

Samples: Memorandum of Agreement (Danaos 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 Agreements Agreement she shall be delivered by the Sellers and taken over by the Buyers as she was at the time of inspection, fair wear and tear excepted. However, the Vessel shall be delivered with her present class fully maintained without condition/recommendation*, free of average damage affecting the Vessel’s class, and with her classification certificates and national certificatesnational/international trading certificates according to the vessel’s present flag, as well as all other certificates the Vessel had at the time of inspection, clean valid and unextended for minimum 3 (three) months after the day of delivery without condition/recommendation* by Class or the relevant authorities at for minimum 3 months from the time date of delivery.

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 Buyers, but subject to the terms and conditions of this Agreements Agreement she shall be delivered by the Sellers and taken over by the Buyers 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 's class, and with her classification certificates and national certificates, as well as all other certificates the Vessel had at the time of inspection, three (3) months valid and unextended for minimum 3 (three) months after the day of delivery without condition/recommendation* by Class the Classification Society or the relevant authorities at the time of delivery. Sellers have the option to deliver the Vessel with holds unclean against lumpsum payment of $5,500 to Buyers (ILOCH).

Appears in 1 contract

Samples: Terms Agreement (GoodBulk 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 Agreements Agreement she shall be delivered by the Sellers and taken over by the Buyers as she was at the time of inspection, fair wear and tear excepted. However, the Vessel shall be delivered with her class maintained without condition/recommendation*, free of average damage affecting the Vessel’s 's present class, and with her classification certificates and national all National/international trading certificates, as well as all other certificates of the Vessel shall be clean, had at the time of inspection, valid and unextended for minimum 3 (three) months after the day of delivery without condition/recommendation* by Class or the relevant authorities at the time of delivery., for minimum 3 months from time of delivery and all continuous machinery survey cycles to be valid minimum 3 months after delivery. "

Appears in 1 contract

Samples: PLM Equipment Growth & Income Fund Vii

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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 Agreements Agreement she shall be delivered by the Sellers and taken over by the Buyers 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 had at the time of inspection, clean, valid and unextended for minimum 3 (three) months after the day of delivery without condition/condition/ recommendation* by Class the Classification Society or the relevant authorities and which to be valid for a minimum period of at least three (3) months at the time of delivery.

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 Buyers, but subject to the terms and conditions of this Agreements Agreement she shall be delivered by the Sellers and taken over by the Buyers as she was at the time of inspection, fair wear and tear excepted. However, the Vessel shall be delivered with her class maintained without condition/recommendation*, free of average damage affecting the Vessel’s 's present class, and with her classification certificates and national all National/international trading certificates, as well as all other certificates of the Vessel shall be clean, had at the time of inspection, valid and unextended for minimum 3 (three) months after the day of delivery without condition/recommendation* by Class or the relevant authorities at the time of delivery. for minimum 3 months from time of delivery and all continuous machinery survey cycles to be valid minimum 3 months after delivery."

Appears in 1 contract

Samples: PLM Equipment Growth & Income Fund Vii

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 Agreements Agreement she shall be delivered by the Sellers and taken over by the Buyers as she was at the time of this Agreement 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 classClass, and with her classification classification, trading, international certificates and national certificates, as well as all other certificates the Vessel had at the time of inspection, clean, valid and unextended for minimum 3 (three) months after the day of delivery without condition/recommendation* by Class the Classification Society or the relevant authorities at the time of deliverydelivery for a minimum of three (3) months.

Appears in 1 contract

Samples: Memorandum of Agreement (Capital Product Partners L.P.)

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