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 thirty (30) calendar days after delivery and acceptance thereof is effected. If the BUYER shall not remove the VESSEL from the premises of the Shipyard within the aforesaid thirty (30) calendar days, then, in such event commencing on the thirty-first (31st) calendar day the BUYER shall pay to the BUILDER the reasonable mooring charges of the VESSEL.
Appears in 3 contracts
Samples: Construction Contract (Santa Fe International Corp/), Contract for the Construction and Sale of a Jack Up Drilling Unit (Santa Fe International Corp/), Contract for the Construction and Sale of a Semi Submersible Drilling Unit (Santa Fe International Corp/)
Removal of Vessel. The BUYER shall take possession of the VESSEL immediately upon delivery and acceptance thereof and and, if so requested by the BUILDER shall remove the VESSEL from the premises of the Shipyard within thirty five (305) calendar days after delivery and acceptance thereof is effected. If the BUYER shall not remove the VESSEL from the premises of the Shipyard within the aforesaid thirty five (305) calendar days, then, in such event commencing on the thirty-first (31st) calendar day event, the BUYER shall pay to the BUILDER the reasonable mooring charges of the VESSEL.
Appears in 1 contract
Samples: Ship Building Contract (Danaos Corp)
