Common use of LNGRV Dry-docking Clause in Contracts

LNGRV Dry-docking. At any time Charterer may order the Vessel into dry-dock or a shipyard to correct a defect in the Vessel attributable to the LNGRV Design, which corrections shall be at Charterer’s sole cost and expense. Hire under this Charter shall continue to be paid during said period of dry-dock or other repair and all additional costs incurred as a result of the Vessel entering, remaining in, breaking or leaving dry-dock or the shipyard shall be for Charterer’s account and shall be paid to Owner promptly after demand supported by vouchers; provided, however, that there shall be credited against such Hire and costs the full amount which Owner saves during such period of dry-dock or other repair. Owner shall take all reasonable steps as may be necessary to effect savings in the costs pertaining to the Vessel during any period of said dry-dock or other repair. Owner shall be permitted to perform maintenance and repair activities during such period so long as such activities do not delay Charterer’s work or add to Charterer’s cost. Should Charterer, having exercised the option granted hereunder, desire the Vessel again to be put into service, Owner shall, upon receipt of notice from Charterer to such effect, immediately take steps to restore the Vessel to service as promptly as reasonably possible. The option granted to Charterer hereunder may be exercised one or more times during the Term.