Common use of Design and Description Clause in Contracts

Design and Description. The VESSEL shall have the BUILDER’s Hull No. 304 and be designed constructed, equipped and completed by the BUILDER in accordance with the provisions of this Contract, based on BUILDER’s Hull No. 299 (BLUE PROTECTOR) as reference vessel for selection of equipment and solutions, including the Specifications dated 15th of November 2013 signed by each of the Parties hereto for identification and attached hereto and made an integral part of this Contract and delivered by the BUILDER to the BUYER, in consideration of the BUYER paying the Contract Price as and on the dates agreed herein. Any change of make from the reference vessel is subject to prior written approval from the BUYER which shall not be unreasonably withheld. In the event of inconsistency between this Contract and the Specifications and this Contract shall prevail. In the event of inconsistency between the specifications and the drawings, the specifications shall prevail. In case of inconsistency between any of the drawings, the later in date shall prevail. All intellectual property allotted to the Design and its Specification shall be the sole property of Ulstein. Any and all modifications, adaptations or improvements of any Design and/or Specifications suggested by Ulstein and/or drafted by the Ulstein at the request of BUILDER or BUYER, shall be the exclusive property of Ulstein”.