Common use of Deadweight Clause in Contracts

Deadweight. (a) In the event that there is a deficiency in the actual deadweight of the VESSEL determined as provided in the Specifications, the Contract Price shall not be decreased if such deficiency is six hundred (600) metric tons or less below the Guaranteed Deadweight of thirty thousand (30,000) metric tons at assigned design draft. (b) However, the Contract Price shall be decreased by the sum of United States Dollars 600 (US$ 600) for each full metric ton of such deficiency being more than six hundred (600) metric tons. (c) In the event that there should be a deficiency in the VESSEL's actual deadweight which exceeds one thousand (1000) metric tons below the Guaranteed Deadweight, the BUYER may, at its option, reject the VESSEL and rescind this Contract in accordance with the provisions of Article X of this Contract, or may accept the VESSEL at a reduction in the Contract Price in the maximum amount of United States Dollars two hundred and forty thousand (US$ 240,000).

Deadweight. (a) In the event that there is a deficiency in the actual deadweight of the VESSEL determined as provided in the Specifications, the Contract Price shall not be decreased if such deficiency is six hundred Six Hundred (600) metric tons or less below the Guaranteed Deadweight guaranteed deadweight of thirty thousand (30,000) 63,500 metric tons at assigned design moulded xxxxxxxxx draft. (b) However, the Contract Price shall be decreased by the sum of United States Dollars 600 (US$ 600) for each full metric ton of such deficiency being more than six hundred Six Hundred (600) metric tons. (c) In the event that there should be a deficiency in the VESSEL's ’s actual deadweight which exceeds one thousand One Thousand Five Hundred (10001,500) metric tons below the Guaranteed Deadweightguaranteed deadweight, the BUYER may, at its option, reject the VESSEL and rescind or cancel this Contract by giving notice in accordance with the provisions of Article X of this Contract, or may accept the VESSEL at a with reduction in the Contract Price in the maximum amount of United States Dollars two hundred and forty thousand (US$ 240,000).

Deadweight. (a) In the event that there is a deficiency in the actual deadweight of the VESSEL determined as provided in the Specifications, the Contract Price shall not be decreased reduced if such deficiency is six seven hundred (600700) metric tons or less below the Guaranteed Deadweight guaranteed deadweight of thirty thousand (30,000) 81,800 metric tons at assigned design xxxxxxxxx draft. (b) However, the Contract Price shall be decreased reduced by the sum of United States Dollars 600 (US$ 600) for each full metric ton of such deficiency being more than six seven hundred (600700) metric tons. (c) In the event that there should be a deficiency in the VESSEL's ’s actual deadweight which exceeds one thousand four hundred (10001,400) metric tons below the Guaranteed Deadweightguaranteed deadweight, the BUYER may, at its option, reject the VESSEL and rescind this Contract in accordance with the provisions of Article X of this Contract, or may accept the VESSEL at with a reduction in the Contract Price in the maximum amount of United States Dollars two hundred and forty thousand (US$ 240,000).

Deadweight. (a) In the event that there is a deficiency in the actual deadweight of the VESSEL determined as provided in the Specifications, the Contract Price shall not be decreased if such deficiency is Eight hundred (800.00) metric tons less below the guaranteed deadweight of eighty one thousand six hundred (600) metric tons or less below the Guaranteed Deadweight of thirty thousand (30,00081,600) metric tons at assigned design xxxxxxxxx draft. (b) However, the Contract Price shall be decreased by the sum of United States Dollars 600 (US$ 600) for each full metric ton of such deficiency being more than six Eight hundred (600800.00) metric tons. (c) In the event that there should be a deficiency in the VESSEL's ’s actual deadweight which exceeds one thousand four hundred (10001400.00) metric tons below the Guaranteed Deadweightguaranteed deadweight, the BUYER may, at its option, reject the VESSEL and rescind this Contract in accordance with the provisions of Article X 10 of this Contract, or may accept the VESSEL at a with reduction in the Contract Price in the maximum amount of United States Dollars two hundred and forty thousand (US$ 240,000). The total increase or decrease of the Contract Price for the increase or decrease of the deadweight shall be added or deducted from to the 4th installment of the Contract Price.