Expected breach. If, after the signing of this Contract, it appears, based on the behaviour of the Customer, a serious decline in the Customer's credit worthiness or in the Customer's ability to fulfil the contract, that the Customer will not be able to fulfil a significant portion of its obligations, the Supplier can cancel their fulfilment of the contract and hold their contribution back. If the expected breach of contract is material, the right to cancel the Contract can be invoked prior to the time of fulfilment. 12 THE CUSTOMER’S REMEDIES FOR BREACH OF CONTRACT
Expected breach. In accordance with Danish law, the parties may apply remedies when it becomes clear that a breach is inevitable.
Expected breach. If, after the signing of this Contract, it appears, based on the behaviour of the Shipowner, or a serious decline in the Shipowner’s credit worthiness or in the ability to fulfil the contract, that the Shipowner will not be able to fulfil a significant portion of its obligations, the Customer can cancel the contract and withhold further payment. If the expected breach is significant, the right of cancellation will occur even before the time for fulfillment. If possible, the Customer shall notify the Shipowner so that he or she will be able to provide security in order to avoid raising.
