Common use of Deadweight Clause in Contracts

Deadweight. (a) The Contract Price shall not be affected or changed by reason of the actual deadweight of the VESSEL as determined in accordance with the Specifications, being less than the Guaranteed Deadweight of the VESSEL, if such deficiency is not more than 635 metric tons below the Guaranteed Deadweight of the VESSEL. (b) In the event of such deficiency is more than 635 metric tons below the Guarantee Deadweight of the VESSEL, the Contract Price shall be reduced by the sum of US$592 for each metric ton of such deficiency. (c) In the event of such deficiency in the actual deadweight of the VESSEL being 1,905 metric tons or more, then, the BUYER may, at its option, reject the VESSEL and rescind this Contract in accordance with the provisions of Article XI hereof or accept the VESSEL at a reduction in the Contract Price as above provided for 1,905 metric tons only, that is, at a total reduction of US$751,840.

Deadweight. (a) The Contract Price shall not be affected or changed by reason of the actual deadweight of the VESSEL as determined in accordance with the Specifications, being less than the Guaranteed Deadweight of the VESSEL, if such deficiency is not more than 635 metric tons below the Guaranteed Deadweight of the VESSEL. (b) In the event of such deficiency is more than 635 metric tons below the Guarantee Deadweight of the VESSEL, the Contract Price shall be reduced by the sum of US$592 583 for each metric ton of such deficiency. (c) In the event of such deficiency in the actual deadweight of the VESSEL being 1,905 metric tons or more, then, the BUYER may, at its option, reject the VESSEL and rescind this Contract in accordance with the provisions of Article XI hereof or accept the VESSEL at a reduction in the Contract Price as above provided for 1,905 metric tons only, that is, at a total reduction of US$751,840740,410.-.

Deadweight. (a) The Contract Price shall not be affected or changed by reason of the actual deadweight of the VESSEL as determined in accordance with the Specifications, being less than the Guaranteed Deadweight of the VESSEL, if such deficiency is not more than 635 610 metric tons below the Guaranteed Deadweight of the VESSEL. (b) In the event of such deficiency is more than 635 610 metric tons below the Guarantee Deadweight of the VESSEL, the Contract Price shall be reduced by the sum of US$592 US$ .- for each metric ton of such deficiency. (c) In the event of such deficiency in the actual deadweight of the VESSEL being 1,905 1,830 metric tons or more, then, the BUYER may, at its option, reject the VESSEL and rescind this Contract in accordance with the provisions of Article XI X hereof or accept the VESSEL at a reduction in the Contract Price as above provided for 1,905 1,830 metric tons only, that is, at a total reduction of US$751,840US$ .