Common use of Deficiency in Deadweight Clause in Contracts

Deficiency in Deadweight. If the deadweight as per Art 3.2 is not attained and the reduction exceeds 5% of the stipulated deadweight, FINC will pay as liquidated damages to the Owner Euro 3.000,00 (threethousand) per each ton of reduction. If the reduction in deadweight is more than 10 % of the stipulated deadweight, the Owner may resolve the Contract.

Deficiency in Deadweight. If the deadweight as per Art 3.2 3.1 is not attained and the reduction exceeds 5% of the stipulated deadweight, FINC will pay as liquidated damages to the Owner ATL Euro 3.000,00 (threethousand) per each ton of reduction. If the reduction in deadweight is more than 10 % of the stipulated deadweight, the Owner ATL may resolve the Contract.

Deficiency in Deadweight. If the deadweight as per Art 3.2 3.1 is not attained and the reduction exceeds 5% of the stipulated deadweight, FINC will pay as liquidated damages to the Owner ATL-XXXXX Euro 3.000,00 (threethousand) per each ton of reduction. If the reduction in deadweight is more than 10 % of the stipulated deadweight, the Owner ATL-XXXXX may resolve the Contract.

Deficiency in Deadweight. If the deadweight as per Art 3.2 3.1 is not attained and the reduction exceeds 5% of the stipulated deadweight, FINC will pay as liquidated damages to the Owner ATL-BALT Euro 3.000,00 (threethousand) per each ton of reduction. If the reduction in deadweight is more than 10 % of the stipulated deadweight, the Owner ATL-BALT may resolve the Contract.