Common use of Deficiency in Bollard Pull Clause in Contracts

Deficiency in Bollard Pull. If the Vessel Bollard Pull as per Art 3.1., to be obtained in correspondence to 100% of max. continuous power on each propeller contemporarily, is not achieved, FINC will pay as liquidated damages to the Owner as follows: — for each full ton reduction up to 184 tons: no damages; — for each full ton reduction in the bollard pull from 184 to 180 achieved tons, a liquidated damages of Euro 30.000,00 (thirtythousand). If the deficiency in bollard pull is more than 8 (eight) tons, the Owner may resolve the Contract.

Appears in 10 contracts

Samples: Shipbuilding Contract (Iii to I Maritime Partners Cayman I Lp), Shipbuilding Contract (Iii to I Maritime Partners Cayman I Lp), Shipbuilding Contract (Iii to I Maritime Partners Cayman I Lp)

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Deficiency in Bollard Pull. If the Vessel Bollard Pull as per Art 3.1., to be obtained in correspondence to 100% of max. continuous power on each propeller contemporarily, is not achieved, FINC will pay as liquidated damages to the Owner ATL as follows: — for each full ton reduction up to 184 tons: no damages; — for each full ton reduction in the bollard pull from 184 to 180 achieved tons, a liquidated damages of Euro 30.000,00 (thirtythousand). If the deficiency in bollard pull is more than 8 (eight) tons, the Owner ATL may resolve the Contract.

Appears in 2 contracts

Samples: Shipbuilding Contract (Iii to I Maritime Partners Cayman I Lp), Shipbuilding Contract (Iii to I Maritime Partners Cayman I Lp)

Deficiency in Bollard Pull. If the Vessel Bollard Pull as per Art 3.1., to be obtained in correspondence to 100% of max. continuous power on each propeller contemporarily, is not achieved, FINC will pay as liquidated damages to the Owner ATL-BALT as follows: — for each full ton reduction up to 184 tons: no damages; — for each full ton reduction in the bollard pull from 184 to 180 achieved tons, a liquidated damages of Euro 30.000,00 (thirtythousand). If the deficiency in bollard pull is more than 8 (eight) tons, the Owner ATL-BALT may resolve the Contract.

Appears in 2 contracts

Samples: Shipbuilding Contract (Iii to I Maritime Partners Cayman I Lp), Shipbuilding Contract (Iii to I Maritime Partners Cayman I Lp)

Deficiency in Bollard Pull. If the Vessel Bollard Pull as per Art 3.1., to be obtained in correspondence to 100% of max. continuous power on each propeller contemporarily, is not achieved, FINC will pay as liquidated damages to the Owner ATL as follows: — for each full ton reduction up to 184 176 tons: no damages; — for each full ton reduction in the bollard pull from 184 176 to 180 172 achieved tons, a liquidated damages of Euro 30.000,00 (thirtythousand). If the deficiency in bollard pull is more than 8 (eight) tons, the Owner ATL may resolve the Contract.

Appears in 2 contracts

Samples: Shipbuilding Contract (Iii to I Maritime Partners Cayman I Lp), Shipbuilding Contract (Iii to I Maritime Partners Cayman I Lp)

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Deficiency in Bollard Pull. If the Vessel Bollard Pull as per Art 3.1., to be obtained in correspondence to 100% of max. continuous power on each propeller contemporarily, is not achieved, FINC will pay as liquidated damages to the Owner ATL-XXXXX as follows: — for each full ton reduction up to 184 tons: no damages; — for each full ton reduction in the bollard pull from 184 to 180 achieved tons, a liquidated damages of Euro 30.000,00 (thirtythousand). If the deficiency in bollard pull is more than 8 (eight) tons, the Owner ATL-XXXXX may resolve the Contract.

Appears in 2 contracts

Samples: Shipbuilding Contract (Iii to I Maritime Partners Cayman I Lp), Shipbuilding Contract (Iii to I Maritime Partners Cayman I Lp)

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