Common use of Disposition of Surplus Consumable Stores Clause in Contracts

Disposition of Surplus Consumable Stores. Should any consumable stores furnished by the BUILDER for the Tests and Trials 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 documented purchase price thereof, and payment by the BUYER shall be effected within thirty (30) days of receipt from BUILDER of an invoice and supporting documentation therefore.