Common use of Removal of DRILLSHIP Clause in Contracts

Removal of DRILLSHIP. The BUYER shall take possession of the DRILLSHIP immediately upon delivery and acceptance thereof and shall remove the DRILLSHIP from the premises of the Shipyard within Three (3) days after delivery and acceptance thereof is effected. If the BUYER shall not remove the DRILLSHIP from the premises of the Shipyard within the aforesaid Three (3) days, in such event, the BUYER shall pay to the BUILDER the reasonable mooring charges of the DRILLSHIP. (End of Article)

Appears in 5 contracts

Samples: Construction and Sale (DryShips Inc.), Construction and Sale (DryShips Inc.), Construction and Sale (DryShips Inc.)

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Removal of DRILLSHIP. The BUYER shall take possession of the DRILLSHIP immediately upon delivery and acceptance thereof and shall remove the DRILLSHIP from the premises of the Shipyard SHIPYARD within Three five (35) days after delivery and acceptance thereof is effectedaffected. If the BUYER shall not remove the DRILLSHIP from the premises of the Shipyard SHIPYARD within the aforesaid Three five (35) days, then, in such event, the event BUYER shall pay to the BUILDER the reasonable mooring and storage charges of for the DRILLSHIP. (End of Article).

Appears in 4 contracts

Samples: The Construction and Sale (Atwood Oceanics Inc), Construction and Sale (Atwood Oceanics Inc), Contract (Atwood Oceanics Inc)

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Removal of DRILLSHIP. The BUYER shall take possession of the DRILLSHIP immediately upon delivery and acceptance thereof and shall remove the DRILLSHIP from the premises of the Shipyard within Three Seven (37) days after delivery and acceptance thereof is effected. If the BUYER shall not remove the DRILLSHIP from the premises of the Shipyard within the aforesaid Three Seven (37) days, in such event, the BUYER shall pay to the BUILDER the reasonable mooring charges of the DRILLSHIP. (End of Article)) ------------------------------------------

Appears in 1 contract

Samples: R&b Falcon Corp

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