Common use of Fifth Instalment Clause in Contracts

Fifth Instalment. The fifth instalment amounting to United States Dollars Twenty Three Million only (US$23,000,000) including any increase or decrease due to adjustment to the Contract Price hereunder, shall be due and payable upon delivery of the Vessel. All other terms and conditions of the Contract which are not stipulated in this ADDENDUM NO. 1 shall remain unaltered and effective. This ADDENDUM NO. 1 shall be governed by English law.

Fifth Instalment. The fifth instalment amounting to United States Dollars Twenty Three Two Million Eight Hundred Thousand only (US$23,000,00022,800,000) including any increase or decrease due to adjustment to the Contract Price hereunder, shall be due and payable upon delivery of the Vessel. All other terms Any and conditions all payment due under this Contract shall not be delayed or withheld by the Buyer on account of any dispute or disagreement of whatsoever nature arising between the Contract which are not stipulated in this ADDENDUM NO. 1 shall remain unaltered and effective. This ADDENDUM NO. 1 shall be governed by English lawparties hereto.