Common use of Notice of Delay Clause in Contracts

Notice of Delay. Within five (5) business days from the date of commencement of any delay on account of which the SELLER claims that it is entitled under this Contract to an extension of the time for delivery of the VESSEL, the SELLER shall advise the BUYER by telefax, of the date such delay commenced, and the detailed reasons therefore. Date: 13th November, 2013 Likewise within five (5) business days after such delay ends, the SELLER shall advise the BUYER in writing or by telefax, of the date such delay ended, and also shall specify the period of time by which it claims the Contractual Delivery Date is extended by reason of such delay. Failure of the BUYER to respond to the SELLER's notification and claim for extension of the Delivery Date within twenty one (21) days after receipt by the BUYER of such notification, shall be deemed to be a waiver by the BUYER of its right to object to such extension. Failure by the SELLER to give any such notice, as is required therein above, shall disentitle the SELLER from claiming a postponement of the Delivery Date.

Appears in 4 contracts

Samples: Shipbuilding Contract (Baltic Trading LTD), Shipbuilding Contract (Baltic Trading LTD), Shipbuilding Contract (Baltic Trading LTD)

AutoNDA by SimpleDocs

Notice of Delay. Within five Seven (57) business days from the date of commencement of any delay on account of which the SELLER claims that it is entitled under this Contract to an extension of the time for delivery of the VESSEL, the SELLER shall advise the BUYER by telefaxletter sent by telefax or email, of the date such delay commenced, and the detailed reasons thereforetherefor. A failure to so notify the BUYER shall bar the SELLER from an extension of the Delivery Date: 13th November, 2013 . Shipbuilding Contract Hull No. 0120833 Likewise within five Seven (57) business days after such delay ends, the SELLER shall advise the BUYER in writing or by telefaxletter sent by telefax or email, of the date such delay ended, and also shall specify the maximum period of the time by which it claims the Contractual Delivery Date date for delivery of the VESSEL is extended by reason of such delay. Failure of the BUYER to respond to acknowledge the SELLER's ’s notification and of any claim for extension of the Delivery Date within twenty one Ten (2110) days after receipt by the BUYER of such notification, shall be deemed to be a waiver by the BUYER of its right to object to such extension. Failure by the SELLER to give any such notice, as is required therein above, shall disentitle the SELLER from claiming a postponement of the Delivery Date.

Appears in 2 contracts

Samples: Shipbuilding Contract (Himalaya Shipping Ltd.), Shipbuilding Contract (Himalaya Shipping Ltd.)

Notice of Delay. Within five fourteen (514) business days from the date of commencement of any delay on account of which the SELLER claims that it is entitled under this Contract to an extension of the time for delivery of the VESSEL, the SELLER shall advise the BUYER by in writing or telefax, of the date such delay commenced, and the detailed reasons thereforetherefor. Date: 13th November, 2013 Likewise within five fourteen (514) business days after such delay ends, the SELLER shall advise the BUYER in writing or by telefax, of the date such delay ended, and also shall specify the maximum period of the time by which it claims the Contractual Delivery Date date for delivery of the VESSEL is extended by reason of such delay. Failure of the BUYER to respond to acknowledge the SELLER's ’s notification and of any claim for extension of the Delivery Date within twenty one fourteen (2114) days after receipt by the BUYER of such notification, shall be deemed to be a waiver by the BUYER of its right to object to such extension. Failure by If the SELLER fails to give advise the BUYER of any such notice, as is required therein delay within the time limit stipulated above, shall disentitle the SELLER from claiming a postponement of the Delivery Date.shall not be entitled to any extension for such delay

Appears in 1 contract

Samples: Shipbuilding Contract (Scorpio Bulkers Inc.)

Notice of Delay. Within five twenty (520) business days from the date of commencement of any delay on account of which the SELLER claims that it is entitled under this Contract to an extension of the time for delivery of the VESSEL, the SELLER shall advise the BUYER by telefaxtelefax and/or email, of the date such delay commenced, and the detailed reasons thereforetherefor. Date: 13th November, 2013 34/63 Shipbuilding Contract Hull No. Likewise within five twenty (520) business days after such delay ends, the SELLER shall advise the BUYER in writing or by telefaxtelefax and/or email, of the date such delay ended, and also shall specify the maximum period of the time by which it claims the Contractual Delivery Date date for delivery of the VESSEL is extended by reason of such delay. Failure of the BUYER to respond to acknowledge the SELLER's ’S notification and of any claim for extension of the Delivery Date within twenty one thirty (2130) days after receipt by the BUYER of such notification, shall be deemed to be a waiver by the BUYER of its right to object to such extension. Failure by of the SELLER BUILDERS to give notify the BUYER of any such notice, as is required therein above, Force Majeure event in accordance with the above shall disentitle preclude the SELLER BUILDERS from claiming a postponement of the Delivery DateForce Majeure for such event.

Appears in 1 contract

Samples: Shipbuilding Contract (Scorpio Bulkers Inc.)

AutoNDA by SimpleDocs

Notice of Delay. Within five seven (57) business days from the date of commencement of any delay on account of which the SELLER claims that it is entitled under this Contract to an extension postponement of the time for delivery of the VESSELDelivery Date, the SELLER shall advise the BUYER by telefaxtelefax or email confirmed in writing, of the date such delay commenced, and the detailed reasons thereforetherefor. Date: 13th November, 2013 Likewise within five seven (57) business days after such delay ends, the SELLER shall advise the BUYER in writing or by telefaxtelefax or email confirmed in writing, of the date such delay ended, and also shall specify the period of time by which it claims the Contractual Delivery Date is extended to be postponed by reason of such delaydelay failing which the SELLER shall be deemed to have waived any right to make such a postponement. Failure of the BUYER to respond to acknowledge the SELLER's ’s notification and of any claim for extension of the Delivery Date within twenty one thirty (2130) days after receipt by the BUYER of such notification, shall be deemed to be a waiver by the BUYER of its right to object to such extension. Failure by the SELLER to give any such notice, as is required therein above, shall disentitle the SELLER from claiming a postponement of the Delivery Date.

Appears in 1 contract

Samples: Shipbuilding Contract (Scorpio Bulkers Inc.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!