Common use of DRYDOCKING Clause in Contracts

DRYDOCKING. No pre-delivery drydocking clause to apply. However the Buyers have the right to inspect the Vessel's underwater parts by a diver approved by Class, which shall be arranged by Buyers at Buyers expense prior delivery. If the conditions at the place of underwater survey are unsuitable for such inspection due to tides/weather/underwater visibility/not clear-sufficient waters due to water depth, then the Sellers shall immediately make the Vessel available at a suitable alternative place near to the delivery port without any extra cost from the Buyers. The Sellers to have the option for divers inspection to take place, at a place with clear water visibility before the last discharging port, provided ample notice is given to Buyers for preperation. In the event the Buyers choose such diver's inspection, same shall be carried out in the presence of the Vessel's Class surveyor (whom to be for Sellers expense) and in the presence of the Sellers/Buyers representatives without interferring with the Vessel's operation. Should any damage be found during such inspection that will impose a recommendation and/or condition of Class, then: a) In case the Class imposes a recommendation and/or condition of Class but the Vessel is not required to be drydocked before her next scheduled drydock, then the Sellers shall pay the Buyers the direct cost only (excluding drydocking costs) to repair such damage in a way which is acceptable by the Class and which to be based on the average of two (2) quotations given by two reputable independent repair yards at port of delivery or nearby, one at Sellers choice and one at Buyers choice. The above amount agreed shall be deducted from the balance of the purchase money at the time of delivery.

DRYDOCKING. No pre-delivery drydocking clause to apply. However the Buyers have the right to inspect the Vessel's ’s underwater parts by a diver approved by Class, which shall be arranged by Buyers at Buyers expense prior to delivery. If the conditions at the place of underwater survey are unsuitable for such inspection due to tides/weather/underwater visibility/not clear-sufficient waters due to water depth, then the Sellers shall immediately make the Vessel available at a suitable alternative place near to the delivery port without any extra cost from the Buyers. The Sellers to have the option for divers inspection to take place, at a place with clear water visibility before the last discharging port, provided ample notice is given to Buyers Buyer for preperation. In the event the Buyers choose such diver's ’s inspection, same shall be carried out in the presence of the Vessel's ’s Class surveyor (whom to be for Sellers expense) and in the presence of the Sellers/Buyers representatives without interferring with the Vessel's ’s operation. Should any damage be by found during such inspection that will impose a recommendation and/or condition of Class, then: a) In case the Class imposes a recommendation and/or condition of Class but the Vessel is not required to be drydocked before her next scheduled drydock, then the Sellers shall pay the Buyers the direct cost only (excluding drydocking costs) to repair such damage in a way which is acceptable by the Class and which to be based on the average of two (2) quotations given by two reputable independent repair yards at port of delivery or nearby, one at Sellers choice and one at Buyers choice. The above amount agreed shall be deducted from the balance of the purchase money at the time of delivery.

DRYDOCKING. No pre-delivery drydocking clause to apply. However the Buyers have the right to inspect the Vessel's ’s underwater parts by a diver approved by Class, which shall be arranged by Buyers at Buyers expense prior delivery. If the conditions at the place of underwater survey are unsuitable for such inspection due to tides/weather/underwater visibility/not clear-sufficient waters due to water depth, then the Sellers shall immediately make the Vessel available at a suitable alternative place near to the delivery port without any extra cost from the Buyers. The Sellers to have the option for divers inspection to take place, place ,at a place with clear water visibility before the last discharging port, provided ample notice is given to Buyers for preperation. In the event the Buyers choose such diver's ’s inspection, same shall be carried out in the presence of the Vessel's ’s Class surveyor (whom to be for Sellers expense) and in the presence of the Sellers/Buyers representatives without interferring with the Vessel's ’s operation. Should any damage be found during such inspection that will impose a recommendation and/or condition of Class, then: a) In case the Class imposes a recommendation and/or condition of Class but the Vessel is not required to be drydocked before her next scheduled drydock, then the Sellers shall pay the Buyers the direct cost only (excluding drydocking costs) to repair such damage in a way which is acceptable by the Class and which to be based on the average of two (2) quotations given by two reputable independent repair yards at port of delivery or nearby, one at Sellers choice and one at Buyers choice. The above amount agreed shall be deducted from the balance of the purchase money at the time of delivery.

DRYDOCKING. No pre-delivery drydocking clause to apply. However the Buyers have the right to inspect the Vessel's underwater parts by a diver approved by Class, which shall be arranged by Buyers at Buyers expense prior delivery. If the conditions at the place of underwater survey are unsuitable for such inspection due to tides/weather/underwater visibility/not clear-sufficient waters due to water depth, then the Sellers shall immediately make the Vessel available at a suitable alternative place near to the delivery port without any extra cost from the Buyers. The Sellers to have the option for divers inspection to take place, at a place with clear water visibility before the last discharging port, provided ample notice is given to Buyers for preperationpreparation. In the event the Buyers choose such diver's inspection, same shall be carried out in the presence of the Vessel's Class surveyor (whom to be for Sellers expense) and in the presence of the Sellers/Buyers representatives without interferring with the Vessel's operation. Should any damage be found during such inspection that will impose a recommendation and/or condition of Class, then: a) In case the Class imposes a recommendation and/or condition of Class but the Vessel is not required to be drydocked before her next scheduled drydock, then the Sellers shall pay the Buyers the direct cost only (excluding drydocking costs) to repair such damage in a way which is acceptable by the Class and which to be based on the average of two (2two(2) quotations given by two reputable independent repair yards at port of delivery or nearby, one at Sellers choice and one at Buyers choice. The above amount agreed shall be deducted from the balance of the purchase money at the time of delivery.the

DRYDOCKING. No pre-delivery drydocking clause to apply. However the Buyers have the right to inspect the Vessel's ’s underwater parts by a diver approved by Class, which shall be arranged by Buyers at Buyers expense prior delivery. If the conditions at the place of underwater survey are unsuitable for such inspection due to tides/weather/underwater visibility/not clear-sufficient waters due to water depth, then the Sellers shall immediately make the Vessel available at a suitable alternative place near to the delivery port without any extra cost from the Buyers. The Sellers to have the option for divers inspection to take place, at a place with clear water visibility before the last discharging port, provided ample notice is given to Buyers for preperation. In the event the Buyers choose such diver's ’s inspection, same shall be carried out in the presence of the Vessel's ’s Class surveyor (whom to be for Sellers expense) and in the presence of the Sellers/Buyers representatives without interferring interfering with the Vessel's ’s operation. Should any damage be found during such inspection that will impose a recommendation and/or condition of Class, then: a) In case the Class imposes a recommendation and/or condition of Class but the Vessel is not required to be drydocked before her next scheduled drydock, then the Sellers shall pay the Buyers the direct cost only (excluding drydocking costs) to repair such damage in a way which is acceptable by the Class and which to be based on the average of two (2) quotations given by two reputable independent repair yards at port of delivery or nearby, one at Sellers choice and one at Buyers choicecloice. The above amount agreed shall be deducted from the balance of the purchase money at the time of delivery.