Deficiency in Deadweight. If the deadweight (6,500 tons) stipulated in Article II, adjusted for any weight deviances related to Buyer’s Supplies, is not attained and the reduction exceeds 3 % of the stipulated deadweight, the Contract Price shall be reduced by NOK 20,000,- for each ton of the reduction in excess of the said 3 %, but always limited to a maximum of NOK 5,840,000.-. If the reduction in deadweight is more than 7.5 % of the stipulated deadweight Buyer may cancel the Contract.
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Deficiency in Deadweight. If the deadweight (6,500 3250 tons) stipulated in Article II, adjusted for any weight deviances related to Buyer’s Supplies, is not attained and the reduction exceeds 3 8 % of the stipulated deadweight, the Contract Price shall be reduced by NOK 20,000,- 50.000 for each ton 10 tons of the reduction in excess of the said 3 8 %, but always limited to a maximum of NOK 5,840,000.-. 16% If the reduction in deadweight is more than 7.5 16 % of the stipulated deadweight Buyer may cancel the Contract.
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Deficiency in Deadweight. If the deadweight (6,500 43.000 tons) stipulated in Article II, adjusted for any weight deviances related to Buyer’s Supplies, is not attained and the reduction exceeds 3 % of the stipulated deadweight430 tons, the Contract Price shall be reduced by NOK 20,000,- 16.000,- for each ton of the reduction in excess of the said 3 %430 tons, but always limited to a maximum of NOK 5,840,000.-13.700.000,-. If the reduction in deadweight is more than 7.5 % of 1.290 tons the stipulated deadweight Buyer may cancel the Contract.
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Samples: Shipbuilding and Construction Agreement (Stolt Nielsen S A)
Deficiency in Deadweight. If the deadweight (6,500 tons) stipulated in Article II, adjusted for any weight deviances related to Buyer’s SuppliesSupplies and Buyer-negotiated equipment packages, is not attained and the reduction exceeds 3 % of the stipulated deadweight, the Contract Price shall be reduced by NOK 20,000,- 20,000.- for each ton of the reduction in excess of the said 3 %, but always limited to a maximum of NOK 5,840,000.-. If the reduction in deadweight is more than 7.5 % of the stipulated deadweight Buyer may cancel the Contract.
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