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 main engine, as determined in accordance with the Specifications, being more than the Guaranteed Fuel Consumption, if such excess is not more than three percent (3%) over the Guaranteed Fuel Consumption.

Appears in 2 contracts

Samples: Construction and Sale (Safe Bulkers, Inc.), Shipsales Contract (Safe Bulkers, Inc.)

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EXCESSIVE FUEL CONSUMPTION. (a) The Contract Price shall not be affected or changed, changed by reason of the actual specific fuel consumption of the Vessel’s main engine, as determined in accordance with by a shop trial of the engine manufacturer according to the Specifications, being more than exceeding the Guaranteed Fuel Consumptionguaranteed specific fuel consumption of the Vessel’s main engine, if such excess is not more than three Five percent (35%) over of the Guaranteed Fuel Consumptionguaranteed specific fuel consumption in the conditions as set out in the Specifications.

Appears in 1 contract

Samples: Shipbuilding Contract (Scorpio Bulkers Inc.)

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EXCESSIVE FUEL CONSUMPTION. (ai) The Contract Price of the VESSEL shall not be affected effected or changed, changed by reason of the actual fuel consumption of the main engineconsumption, determined as determined in accordance with per the Specifications, being more than the Guaranteed Fuel Consumption, if such excess is not more less than three percent (3%) over above the Guaranteed Fuel Consumptionguaranteed fuel consumption as specified and required under the provisions of this Contract.

Appears in 1 contract

Samples: Master Shipbuilding Contract (American Classic Voyages Co)

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