Common use of Extent of Builder’s Responsibility Clause in Contracts

Extent of Builder’s Responsibility. (a) The BUILDER shall have no responsibility or liability for any other defect whatsoever in the VESSEL than the Defects specified in Paragraph 1 of this Article. Nor the BUILDER shall in any circumstance be responsible or liable for any consequential or special loss, damage or expense including but not limited to loss of time, loss of profit of earning or demurrage directly or indirectly occasioned to the BUYER by reason of the Defects specified in Paragraph 1 of this Article or due to repairs or other works done to the VESSEL to remedy such Defects.

Appears in 9 contracts

Samples: www.dieselduck.info, Construction and Sale (Danaos Corp), Construction and Sale (Danaos Corp)

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Extent of Builder’s Responsibility. (a) The BUILDER shall have no responsibility or liability for any other defect whatsoever in the VESSEL DRILLSHIP than the Defects specified in Paragraph 1 of this Article. Nor the BUILDER shall in any circumstance be responsible or liable for any consequential or special loss, damage or expense including but not limited to loss of time, loss of profit of earning or demurrage directly or indirectly occasioned to the BUYER by reason of the Defects specified in Paragraph 1 of this Article or due to repairs or other works done to the VESSEL DRILLSHIP to remedy such Defects.

Appears in 4 contracts

Samples: Construction and Sale (DryShips Inc.), Construction and Sale (DryShips Inc.), Construction and Sale (DryShips Inc.)

Extent of Builder’s Responsibility. (a) The BUILDER shall have no responsibility or liability for any other defect whatsoever in the VESSEL DRILLSHIP than the Defects specified in Paragraph 1 of this Article. , Nor the BUILDER shall in any circumstance be responsible or liable for any consequential or special loss, damage or expense including but not limited to loss of time, loss of profit of earning or demurrage directly or indirectly occasioned to the BUYER by reason of the Defects specified in Paragraph 1 of this Article or due to repairs or other works done to the VESSEL DRILLSHIP to remedy such Defects.

Appears in 1 contract

Samples: Construction and Sale (DryShips Inc.)

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Extent of Builder’s Responsibility. (a) The BUILDER shall have no responsibility or liability for any other defect defects whatsoever in the VESSEL than the Defects defects specified in Paragraph 1 of this Article. Nor the The BUILDER shall not in any circumstance circumstances be responsible or liable for any consequential or special losslosses, damage damages or expense including expenses including, but not limited to to, loss of time, loss of profit of or earning or demurrage directly or indirectly occasioned to the BUYER by reason of the Defects defects specified in Paragraph 1 of this Article or due to repairs or other works done to the VESSEL to remedy such Defectsdefects.

Appears in 1 contract

Samples: Construction and Sale (Scorpio Bulkers Inc.)

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