Common use of Payment Installments Clause in Contracts

Payment Installments. Payment of the Contract Price shall be made by the Owner to the Builder by Three (3) installments as follows: 1st installment (10%) equal to US$1,091,700/- on 5 Jan 2005. 2nd installment (5%) equal to US$545,850/- on 31 March 2005. 3rd installment (85%) equal to US$9,279,450/- upon Delivery of Vessel

Payment Installments. Payment of the Contract Price shall be made by the Owner to the Builder by Three (3) installments as follows: 1st installment (10%) equal to US$1,091,700/- on 5 Jan May 2005. 2nd installment (5%) equal to US$545,850/- on 31 March July 2005. 3rd installment (85%) equal to US$9,279,450/- upon Delivery of Vessel

Payment Installments. Payment of the Contract Price shall be made by the Owner to the Builder by Three (3) installments as follows: 1st installment (10%) equal to US$1,091,700/- on 5 Jan March 2005. 2nd installment (5%) equal to US$545,850/- on 31 March May 2005. 3rd installment (85%) equal to US$9,279,450/- upon Delivery of Vessel

Payment Installments. Payment of the Contract Price shall be made by the Owner to the Builder by Three (3) installments as follows: 1st installment (10%) equal to US$1,091,700/- on 5 Jan July 2005. 2nd installment (5%) equal to US$545,850/- on 31 March 30 Sept 2005. 3rd installment (85%) equal to US$9,279,450/- upon Delivery of Vessel