Common use of Disposition of Surplus Consumable Stores Clause in Contracts

Disposition of Surplus Consumable Stores. Should any fuel oil, fresh water or other consumable stores furnished by the BUILDER for the trial run remain on board the VESSEL at the time of acceptance thereof by the BUYER, the BUYER agrees to buy the same from the SELLERS at the original purchase price thereof, and payment by the BUYER shall be effected upon delivery of the VESSEL.

Appears in 3 contracts

Samples: Ship Sale Contract (Globus Maritime LTD), Ship Sale Contract (Globus Maritime LTD), Ship Sale Contract (Globus Maritime LTD)

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Disposition of Surplus Consumable Stores. Should any fuel oil, fresh water oil or other consumable stores furnished by the BUILDER for the trial run remain on board the VESSEL at the time of acceptance thereof by the BUYER, the BUYER agrees to buy the same from the SELLERS BUILDER at the original purchase price thereof, and payment by the BUYER shall be effected upon delivery of the VESSEL.

Appears in 1 contract

Samples: Shipbuilding Contract (Tsakos Energy Navigation LTD)

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Disposition of Surplus Consumable Stores. Should any fuel oilOil, fresh water or other consumable stores furnished by the BUILDER for the trial run remain on board the VESSEL at the time of acceptance thereof by the BUYER, the BUYER agrees to buy the same from the SELLERS BUILDER at the original purchase price thereof, and payment by the BUYER shall be effected upon delivery of the VESSEL.

Appears in 1 contract

Samples: Ship Sales Contract (Scorpio Bulkers Inc.)

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