Common use of EXCESSIVE FUEL CONSUMPTION Clause in Contracts

EXCESSIVE FUEL CONSUMPTION. (a) The CONTRACT PRICE shall not be affected or changed by reason of the fuel consumption of the VESSEL’s main engine, as determined by the engine manufacturer’s shop trial as per the SPECIFICATIONS being more than the guaranteed fuel consumption of the VESSEL’s main engine, if such excess is not more than five per cent (5%) over the guaranteed fuel consumption.

Appears in 13 contracts

Samples: Shipbuilding Contract (Gener8 Maritime, Inc.), Shipbuilding Contract (Gener8 Maritime, Inc.), Shipbuilding Contract (Gener8 Maritime, Inc.)

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EXCESSIVE FUEL CONSUMPTION. (a) The CONTRACT PRICE shall not be affected or changed by reason of the fuel consumption of the VESSEL’s 's main engine, as determined by the engine manufacturer’s 's shop trial as per the SPECIFICATIONS being more than the guaranteed fuel consumption of the VESSEL’s 's main engine, if such excess is not more than five six per cent (56%) over the guaranteed fuel consumption.

Appears in 9 contracts

Samples: Shipbuilding Contract (DHT Holdings, Inc.), Shipbuilding Contract (DHT Holdings, Inc.), Shipbuilding Contract (DHT Holdings, Inc.)

EXCESSIVE FUEL CONSUMPTION. (a) The CONTRACT PRICE shall not be affected or changed by reason of the fuel consumption of the VESSEL’s main engine, as determined by the engine manufacturer’s shop trial as per the SPECIFICATIONS being more than the guaranteed fuel consumption of the VESSEL’s main engine, if such excess is not more than five per cent (5%) over the fuel consumption guaranteed fuel consumptionin Article I. 2 hereof.

Appears in 4 contracts

Samples: Shipbuilding Contract (Quintana Maritime LTD), Shipbuilding Contract (Quintana Maritime LTD), Shipbuilding Contract (Quintana Maritime LTD)

EXCESSIVE FUEL CONSUMPTION. (a) The CONTRACT PRICE Contract Price of the VESSEL shall not be affected or nor changed by reason of if the actual fuel consumption of the VESSEL’s main engineMain Engine, as determined by the engine manufacturer’s shop trial in manufacturer's works, as per the SPECIFICATIONS being more Specifications, is greater than the guaranteed fuel consumption Guaranteed Fuel Consumption as specified and required under the provisions of this Contract and the VESSEL’s main engine, Specifications if such actual excess is not more equal to or less than five per cent six percent (56%) over the guaranteed fuel consumption).

Appears in 3 contracts

Samples: Shipbuilding Contract (Paragon Shipping Inc.), Shipbuilding Contract (Paragon Shipping Inc.), Shipbuilding Contract (Paragon Shipping Inc.)

EXCESSIVE FUEL CONSUMPTION. (a) The CONTRACT PRICE shall not be affected or changed by reason of the fuel consumption of the VESSEL’s 's main engine, as determined by the engine manufacturer’s 's shop trial as per the SPECIFICATIONS being more than the guaranteed fuel consumption of the VESSEL’s 's main engineengine as defined in Article I paragraph 2 hereof, if such excess is not more than five per cent (5%) over the guaranteed fuel consumption.

Appears in 3 contracts

Samples: Shipbuilding Contract (International Shipholding Corp), Shipbuilding Contract (International Shipholding Corp), Shipbuilding Contract (International Shipholding Corp)

EXCESSIVE FUEL CONSUMPTION. (a) The CONTRACT PRICE Contract Price of the VESSEL shall not be affected or nor changed by reason of if the actual fuel consumption of the VESSEL’s main engineMain Engine, as determined by the engine manufacturer’s shop trial in manufacturer's works, as per the SPECIFICATIONS being more Specifications, is greater than the guaranteed fuel consumption as specified and required under the provisions of this Contract and the VESSEL’s main engine, Specifications if such actual excess is not more equal to or less than five per cent six percent (56%) over the guaranteed fuel consumption).

Appears in 3 contracts

Samples: Shipbuilding Contract (Performance Shipping Inc.), Shipbuilding Contract (Performance Shipping Inc.), Shipbuilding Contract (Performance Shipping Inc.)

EXCESSIVE FUEL CONSUMPTION. (a) The CONTRACT PRICE Contract Price of the VESSEL shall not be affected or nor changed by reason of if the actual fuel consumption of the VESSEL’s main engine, as determined by the engine shop test in manufacturer’s shop trial works, as per the SPECIFICATIONS being more Specifications, is greater than the guaranteed fuel consumption Guaranteed Fuel Consumption as specified in clause 5, Article I of the VESSEL’s main engine, this Contract if such actual excess is not more equal to or less than five per cent Six percent (56%) over the guaranteed fuel consumption).

Appears in 2 contracts

Samples: Contract (Himalaya Shipping Ltd.), Contract (Himalaya Shipping Ltd.)

EXCESSIVE FUEL CONSUMPTION. (a) The CONTRACT PRICE shall not be affected or changed by reason of the fuel consumption of the VESSEL’s 's main engine, as determined by the engine manufacturer’s 's shop trial as per the SPECIFICATIONS being more than the guaranteed fuel consumption of the VESSEL’s 's main engine, if such excess is not more than five per cent (5%) over the guaranteed fuel consumption.

Appears in 2 contracts

Samples: Capital Maritime & Trading Corp., Capital Maritime & Trading Corp.

EXCESSIVE FUEL CONSUMPTION. (a) The CONTRACT PRICE shall not be affected or changed by reason of the excessive fuel consumption of the VESSEL’s main engineengine if such excess, as determined by the engine manufacturer’s shop trial as per the SPECIFICATIONS being more than SPECIFICATIONS, is not exceeding five per cent (5%) of the guaranteed Guaranteed fuel consumption of the VESSEL’s main engine, if such excess is not more than five per cent (5%) over the guaranteed fuel consumption.

Appears in 1 contract

Samples: Shipbuilding Contract (Scorpio Bulkers Inc.)

EXCESSIVE FUEL CONSUMPTION. (a) The CONTRACT PRICE shall not be affected or changed by reason of the fuel consumption of the VESSEL’s ’S main engine, as determined by the engine manufacturer’s shop trial as per the SPECIFICATIONS being more than the guaranteed fuel consumption of the VESSEL’s main engine, if such excess is not more than five per cent (5%) over the guaranteed fuel consumption.

Appears in 1 contract

Samples: Shipbuilding Contract (Seaspan CORP)

EXCESSIVE FUEL CONSUMPTION. (a) The CONTRACT PRICE shall not be affected or changed by reason of the fuel consumption of the VESSEL’s main engine, as determined by the engine manufacturer’s shop trial as per the SPECIFICATIONS being more than the guaranteed fuel consumption Guaranteed Fuel Consumption of the VESSEL’s main engine, if such excess is not more than five per cent (5%) over the guaranteed fuel consumptionGuaranteed Fuel Consumption.

Appears in 1 contract

Samples: Shipbuilding Contract (Alma Maritime LTD)

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EXCESSIVE FUEL CONSUMPTION. (a) The CONTRACT PRICE shall not be affected or changed by reason of the fuel consumption of the VESSEL’s main mans engine, as determined by the engine manufacturer’s shop trial as per the SPECIFICATIONS being more than the guaranteed fuel consumption of the VESSEL’s main engineengine required under the terms of this CONTRACT and the SPECIFICATIONS (the “Guaranteed Fuel Consumption”), if such excess is not more than five per cent (5%) over the guaranteed fuel consumptionGuaranteed Fuel Consumption.

Appears in 1 contract

Samples: Shipbuilding Contract (Tsakos Energy Navigation LTD)

EXCESSIVE FUEL CONSUMPTION. (a) The CONTRACT PRICE Contract Price of the VESSEL shall not be affected or nor changed by reason of if the actual fuel consumption of the VESSEL’s main engineMain Engine, as determined by the engine shop trial in manufacturer’s shop trial works, as per the SPECIFICATIONS being more Specifications, is greater than the guaranteed fuel consumption as specified and required under the provisions of this Contract and the VESSEL’s main engine, Specifications if such actual excess is not more equal to or less than five per cent six percent (56%) over with engine complying with the guaranteed fuel consumptionIMO speed dependent NOx limit.

Appears in 1 contract

Samples: Shipbuilding Contract (Scorpio Bulkers Inc.)

EXCESSIVE FUEL CONSUMPTION. (a) The CONTRACT PRICE shall not be affected or changed by reason of the fuel consumption of the VESSEL’s ’S main engine, as determined by the engine manufacturer’s shop trial as per the SPECIFICATIONS being more than the guaranteed fuel consumption Guaranteed Fuel Consumption of the VESSEL’s ’S main engine, if such excess is not more than five per cent (5%) over the guaranteed fuel consumptionGuaranteed Fuel Consumption.

Appears in 1 contract

Samples: Shipbuilding Contract (Alma Maritime LTD)

EXCESSIVE FUEL CONSUMPTION. (a) The CONTRACT PRICE Contract Price of the VESSEL shall not be affected or nor changed by reason of if the actual fuel consumption of the VESSEL’s main engineMain Engine, as determined by the engine shop trial in manufacturer’s shop trial works, as per the SPECIFICATIONS being more Specifications, is greater than the guaranteed fuel consumption as specified and required under the provisions of this Contract and the VESSEL’s main engine, Specifications if such actual excess is not more equal to or less than five per cent Five percent (5%) over the guaranteed fuel consumption).

Appears in 1 contract

Samples: Shipbuilding Contract (Scorpio Bulkers Inc.)

EXCESSIVE FUEL CONSUMPTION. (a) The CONTRACT PRICE shall not be affected or changed by reason of the fuel consumption of the VESSEL’s ’S main engine, as determined by the engine manufacturer’s shop trial as per the SPECIFICATIONS being more than the guaranteed fuel consumption of the VESSEL’s ’S main engine, if such excess is not more than five per cent (5%) over the guaranteed fuel consumption.

Appears in 1 contract

Samples: Shipbuilding Contract (Gener8 Maritime, Inc.)

EXCESSIVE FUEL CONSUMPTION. (a) The CONTRACT PRICE shall not be affected or changed by reason of the fuel consumption of the VESSEL’s main engine, as determined by the engine manufacturer’s shop trial as per the SPECIFICATIONS being more than the guaranteed fuel consumption of the VESSEL’s main engine, if such excess is not more than five six per cent (56%) over the guaranteed fuel consumption.

Appears in 1 contract

Samples: Shipbuilding Contract (DHT Holdings, Inc.)

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