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 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.

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.