LIGHTSHIP WEIGHT Sample Clauses

LIGHTSHIP WEIGHT. With respect to Clause 6, the Purchaser will at its own cost and expense engineer the detailed design of blisters as a contingency measure. The size of each blister will be as large as possible with the existing constraints of the Vessel such that it does not significantly effect the Vessel's motion characteristics or operational performance. In the event that such blisters are required to be installed, Purchaser will not exercise its rights to rescind the Contract by reason of delay for the fabrication, installation or testing of the blisters under Clause 16.3 for an additional period of ninety (90) days, beyond the date that Builder is in default under Clause 16.3 of the Contract provided that Builder has otherwise completed its scope of work for the Vessel except for the fabrication, installation or testing of the blisters, and except as a result of any scope of work that cannot be completed as a result of the need to install the blisters, such as sea trials.
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LIGHTSHIP WEIGHT. 6.1. The Builder shall meet the target figures set out for Lightship Weight and Centre of Gravity as specified in section 12000 page 3 of the Addendum to Rev 3 P-95019 of the Specification. 6.2. The lightship weight and centre of gravity of the Vessel shall be verified by an Inclining Experiment prior to Delivery. 6.3. The results of the Inclining Experiment referred to in Clause 6.2 shall be used to demonstrate a Lightship Weight in the conditions referred to in the Specifications. 6.4. The Builder shall have no liability for the Owner Furnished Equipment lightweight and centre of gravity as specified in section 12000 page 3 of the Addendum to Rev 3 P-95019 of the specification. If the remaining lightship weight so demonstrated is more than 9075 metric tons the Builder shall pay to the Purchaser on Delivery as liquidated damages US $12,500 per full metric tons of the increase above 9075 metric tonnes up to a maximum of 2.5 million U.S. Dollars, (U.S.$2,500,000). 6.5. The Purchaser shall have no obligation to accept delivery of the Vessel if the ship lightweight as defined on page 3 of the addendum to the specification is more than 9,275 metric tons. The Builder shall, however, in such context be entitled to make modifications to the Vessel in order to either reduce the weight or ensure that the Operational VLC is restored to its original level provided that the same (i) are approved in advance by the Classification Society and (ii) do not significantly affect the motion characteristics or operational performance of the Vessel. 6.6. In the event that the lightship weight demonstrated as a result of Clause 6.2 is less than 8,875 tonnes the Purchaser shall pay the Builder $12,500 per tonne for each complete tonne that the weight is below 8,875 tonnes up to a maximum of 3.0 million U.S. Dollars, (U.S. $3,000,000). 6.7. The Builders shall also have the option of exercising its rights as per clause 6.5 in the event that the liquidated damages due is in excess of $ 1.0 million. In this case the level of liquidated damages that is finally paid will be reduced from the calculated level by the same percentage that the Builder is able to recover the VDL that has been lost as a result of the changes in the lightship weight. 6.8. The parties hereto agree that the above liquidated damages shall ( subject always to the provisions of clause 16.2 and 16.3 below ) be the sole and exclusive remedy for damages being due as a result of increases in lightship weight as set for...
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