Common use of GUARANTEED SPEED Clause in Contracts

GUARANTEED SPEED. The SELLER guarantees that the service speed of the VESSEL after correction before delivery is not less than 14.3 knots (“Contract Speed”), in laden condition of mean draft of 12.20 m at main engine output of at 82.4 RPM (NCR) with 15% sea margin, with new and clean hull and propeller, newly painted hull, smooth and deep water, no wind and no wave.

Appears in 1 contract

Samples: Shipbuilding Contract (Scorpio Bulkers Inc.)

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GUARANTEED SPEED. The SELLER guarantees that the service speed of the VESSEL after correction before delivery is to be not less than 14.3 knots (“Contract Speed”"Guaranteed Speed "), in laden condition of mean draft of 12.20 12.20m at main engine output of 7,448 kW at 82.4 RPM (NCR) with 15% sea margin, with new and clean hull and propeller, newly painted hull, smooth and deep water, calm sea with no wind wind, no wave and no wavecurrent as stipulated in the Specification. Shipbuilding Contract For Construction of One 82,000 DWT Bulk Carrier (Hull No.YZJ2013-1144)

Appears in 1 contract

Samples: Shipbuilding Contract (Paragon Shipping Inc.)

GUARANTEED SPEED. The SELLER guarantees that the service speed of the VESSEL after correction before delivery is to be not less than 14.3 knots (“Contract Speed”"Guaranteed Speed "), in laden condition of mean draft of 12.20 12.20m at main engine output of 7,448 kW at 82.4 RPM (NCR) with 15% sea margin, with new and clean hull and propeller, newly painted hull, smooth and deep water, calm sea with no wind wind, no wave and no wavecurrent as stipulated in the Specification. Shipbuilding Contract For Construction of One 82,000 DWT Bulk Carrier (Hull No.YZJ2013-1142)

Appears in 1 contract

Samples: Shipbuilding Contract (Paragon Shipping Inc.)

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GUARANTEED SPEED. The SELLER guarantees that the service speed of the VESSEL after correction before delivery is to be not less than 14.3 knots (“Contract Speed”"Guaranteed Speed "), in laden condition of mean draft of 12.20 12.20m at main engine output of 7,448 kW at 82.4 RPM (NCR) with 15% sea margin, with new and clean hull and propeller, newly painted hull, smooth and deep water, calm sea with no wind wind, no wave and no wavecurrent as stipulated in the Specification. Shipbuilding Contract For Construction of One 82,000 DWT Bulk Carrier (Hull No.YZJ2013-1145)

Appears in 1 contract

Samples: Shipbuilding Contract (Paragon Shipping Inc.)

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