Common use of Removal of Vessel Clause in Contracts

Removal of Vessel. The BUYER shall take possession of the VESSEL immediately upon Delivery and Acceptance thereof, and shall remove the VESSEL from the premises of the Shipyard within three (3) days after the Delivery and Acceptance as aforesaid. If the BUYER does not remove the VESSEL within the said period, the BUYER shall thereafter compensate the BUILDER for its incurred costs, including but not limited to paying to the BUILDER reasonable mooring charges for the VESSEL. Ulstein Verft AS X.X. Xxx 000, X-0000 Xxxxxxxxxx, Xxxxxx Tel. +00 0000 0000. Fax +00 0000 0000 Ent. No: 912 447 561 xxx.xxxxxxx.xxx

Removal of Vessel. The BUYER shall take possession of the VESSEL immediately upon Delivery and Acceptance thereof, and shall remove the VESSEL from the premises of the Shipyard within three (3) days after the Delivery and Acceptance as aforesaid. If the BUYER does not remove the VESSEL within the said period, the BUYER shall thereafter compensate the BUILDER for its incurred costs, including but not limited to paying to the BUILDER reasonable mooring charges for the VESSEL. Ulstein Verft AS X.X. Xxx 000, X-0000 Xxxxxxxxxx, Xxxxxx Tel. +00 0000 0000. Fax +00 0000 0000 Ent. No: 912 447 561 xxx.xxxxxxx.xxxxxx.xxxxxxx.xxx Shipbuilding Contract