Common use of Notice of Defects Clause in Contracts

Notice of Defects. The BUYER shall notify the BUILDER in writing, or by telefax of any defect for which claim is made under this guarantee, as promptly as possible after discovery thereof. The BUYER’s notice shall describe in detail the nature, cause if known and extent of the Defects. The BUILDER shall have no obligation for any Defect discovered prior to the expiry date of the Guarantee Period, unless notice of such Defect is received by the BUILDER not later than Twenty (20) days after such expiry date.

Appears in 7 contracts

Samples: Construction Contract, Construction Contract (Danaos Corp), Construction Contract (Danaos Corp)

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Notice of Defects. The BUYER shall notify the BUILDER in writing, or by telefax confirmed in writing, of any defect Defect for which claim is made under this guarantee, as promptly as possible after discovery thereof. The BUYER’s 'S written notice shall describe in detail the nature, cause if known and extent of the Defects. The BUILDER shall have no obligation for any Defect discovered prior to the expiry date of the Guarantee Period, unless notice of such Defect is received by the BUILDER not later than Twenty Fourteen (2014) working days after such the expiry dateof the Guarantee Period.

Appears in 3 contracts

Samples: Construction Contract (DryShips Inc.), Construction Contract (DryShips Inc.), Contract for Construction and Sale of a Drillsip (DryShips Inc.)

Notice of Defects. The BUYER shall notify the BUILDER in writing, or by telefax of any defect for which claim is made under this guarantee, as promptly as possible after discovery thereof. The BUYER’s notice shall describe in detail the nature, cause if known and extent of the Defects. The BUILDER shall have no obligation for any Defect discovered prior to the expiry date of the Guarantee Period, unless notice of such Defect is received by the BUILDER not later than Twenty Ten (2010) days after such expiry date.

Appears in 2 contracts

Samples: Shipbuilding and Construction Agreement (Stolt Nielsen S A), Shipbuilding and Construction Agreement (Stolt Nielsen S A)

Notice of Defects. The BUYER shall notify the BUILDER in writing, or by telefax facsimile confirmed in writing of any defect defects for which claim is made under this guarantee, guarantee as promptly as possible after discovery thereof. The BUYER’s written notice shall describe in detail the nature, cause if known nature of the defect and the extent of the Defectsdamage caused thereby. The BUILDER shall have no obligation for any Defect defects discovered prior to the expiry date of the Guarantee Periodsaid months period, unless notice of such Defect defects is received by the BUILDER not later than Twenty seven (207) days after such expiry date.

Appears in 1 contract

Samples: Shipbuilding Contract (Scorpio Bulkers Inc.)

Notice of Defects. The BUYER shall notify the BUILDER in writing, or by telefax fax or E-mail confirmed in writing, of any defect defects for which claim is made under this guarantee, guarantee as promptly as possible after discovery thereof. The BUYER’s written notice shall describe in detail the nature, cause if known nature and extent of the Defectsdefects. The BUILDER shall have no obligation for any Defect defects discovered prior to the expiry date of the Guarantee Periodsaid months period, unless notice of such Defect defects is received by the BUILDER not later than Twenty thirty (2030) days after such expiry date.

Appears in 1 contract

Samples: Shipbuilding Contract (Scorpio Bulkers Inc.)

Notice of Defects. The BUYER shall notify the BUILDER in writing, or by telefax facsimile confirmed in writing of any defect defects for which claim is made under this guarantee, guarantee as promptly as possible after discovery thereof. The BUYER’s written notice shall describe in detail the nature, cause if known nature of the defect and the extent of the Defectsdamage caused thereby. The BUILDER shall have no obligation for any Defect defects discovered prior to the expiry date of the Guarantee Periodsaid period, unless notice of such Defect defects is received by the BUILDER not later than Twenty seven (207) days after such expiry date.

Appears in 1 contract

Samples: Shipbuilding Contract (Scorpio Bulkers Inc.)

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Notice of Defects. The BUYER shall notify the BUILDER in writing, or by telefax confirmed in writing, of any defect Defect for which claim is made under this guarantee, as promptly as possible after discovery thereof. The BUYER’s written notice shall describe in detail the nature, cause if known and extent of the Defects. The BUILDER shall have no obligation for any Defect discovered prior to the expiry date of the Guarantee Period, unless notice of such Defect is received by the BUILDER not later than Twenty Fourteen (2014) working days after such the expiry dateof the Guarantee Period.

Appears in 1 contract

Samples: Construction Contract (DryShips Inc.)

Notice of Defects. The BUYER shall notify the BUILDER in writing, or by telefax telefax, of any defect defects for which claim is made under this guarantee, guarantee as promptly as possible after discovery thereof. The BUYER’s written notice shall describe in detail the nature, cause if known nature and extent of the Defectsdefects. The BUILDER shall have no obligation for any Defect defects discovered prior to the expiry date of the Guarantee Periodsaid twelve (12) months period, unless notice of such Defect defects is received by the BUILDER not later than Twenty thirty (2030) days after such expiry date.

Appears in 1 contract

Samples: Shipbuilding Contract (Tsakos Energy Navigation LTD)

Notice of Defects. The BUYER shall notify the BUILDER in writing, or by telefax confirmed in writing, of any defect Defect for which claim is made under this guarantee, as promptly as possible after discovery thereof. The BUYER’s ’S written notice shall describe in detail the nature, cause if known and extent of the Defects. The BUILDER shall have no obligation for any Defect discovered prior to the expiry date of the Guarantee Period, unless notice of such Defect is received by the BUILDER not later than Twenty Fourteen (2014) working days after such the expiry dateof the Guarantee Period.

Appears in 1 contract

Samples: Construction Contract (DryShips Inc.)

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