Common use of Disposition of Surplus Consumable Stores Clause in Contracts

Disposition of Surplus Consumable Stores. Should any 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 BUILDER at the original purchase price thereof, and payment by the BUYER shall be effected upon delivery of the VESSEL.

Appears in 2 contracts

Samples: Shipbuilding Contract (Alexander & Baldwin Inc), Shipbuilding Contract (Alexander & Baldwin Inc)

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

Appears in 1 contract

Samples: Shipbuilding Contract (Gulfmark Offshore Inc)

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

Appears in 1 contract

Samples: Shipbuilding Contract (Maritrans Inc /De/)

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Disposition of Surplus Consumable Stores. Should any fresh water or other consumable stores furnished by the BUILDER Builder for the trial run runs remain on board the VESSEL Vessel at the time of acceptance thereof by the BUYERBuyer, the BUYER Buyer agrees to buy the same from the BUILDER Builder at the original purchase price thereof, supported by invoice or other proper documentation, and payment by the BUYER Buyer shall be effected upon delivery of the VESSELVessel.

Appears in 1 contract

Samples: Contract for the Construction and Sale of a Vessel (Trico Marine Services Inc)

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