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 by the BUYER and shall remove the VESSEL from the premises of the BUILDER within seven (7) days after delivery and acceptance thereof is effected. Following delivery of the VESSEL, the SELLER shall not charge the BUYER for the costs of mooring the VESSEL at the SELLER’s premises within these seven (7) days. If the BUYER shall not remove the VESSEL from the premises of the BUILDER within the aforesaid seven (7) days, in such event, after the lapse of this seven (7) days period for reasons other than Chinese Authorities’ restrictions or reasons entirely beyond the control of the BUYER the BUYER shall pay to the SELLER United States Dollars Two Thousand only (USD2000) per day as reasonable mooring charge of the VESSEL. In case of early delivery the BUYER shall have the option to keep the VESSEL at least two (2) weeks at the SELLER’s premises. If the BUYER shall not remove the VESSEL from the premises of the BUILDER within the aforesaid two (2) weeks, in such event, the BUYER shall pay to the SELLER thereafter United States Dollars Two Thousand only (USD2000) per day as reasonable mooring charge of the VESSEL.

Removal of Vessel. The BUYER shall take possession of the VESSEL immediately upon delivery and acceptance thereof by the BUYER and shall remove the VESSEL from the premises of the BUILDER SELLER within seven (7) days after delivery and acceptance thereof is effected. , Following delivery of the VESSEL, the SELLER shall not charge the BUYER for the costs of mooring the VESSEL at the SELLER’s premises within these seven (7) days. If the BUYER shall not remove the VESSEL from the premises of the BUILDER SELLER within the aforesaid seven (7) days, in such event, after the lapse of this seven (7) days period for reasons other than Chinese Authorities’ restrictions or reasons entirely beyond the control of the BUYER BVYIER the BUYER shall pay to the SELLER United States Dollars Two Thousand only (USD2000) per day as reasonable mooring charge of the VESSEL. In case of early delivery the BUYER shall have the option to keep the VESSEL at least two (2) weeks at the SELLER’s ’S premises. If the BUYER shall not remove the VESSEL from the premises of the BUILDER SELLER within the aforesaid two (2) weeks, in such event, the BUYER shall pay to the SELLER thereafter United States Dollars Two Thousand only (USD2000) per day as reasonable mooring charge of the VESSEL.