RESPONSIBILITY OF THE BUILDER. The BUILDER shall be responsible for storing, safekeeping against weather and theft and handling the BUYER’S SUPPLIES, if any, which the BUILDER is required to install on board the VESSEL after delivery of such supplies to the SHIPYARD, and shall install such supplies on board the VESSEL at the BUILDER’s expense. The BUILDER shall not be responsible for the quality, performance or efficiency of any equipment included in the BUYER’S SUPPLIES and is under no obligation with respect to the guarantee of such equipment against any defects caused by poor quality, performance or efficiency of the BUYER’S SUPPLIES. If any of the BUYER’S SUPPLIES is lost or damaged while in the custody of the BUILDER, the BUILDER shall, if the loss or damage is due to willful default or negligence on its part, be responsible for direct repair or correction. (End of Article)
Appears in 4 contracts
Samples: Shipbuilding Contract (Gener8 Maritime, Inc.), Shipbuilding Contract (Gener8 Maritime, Inc.), Shipbuilding Contract (Gener8 Maritime, Inc.)
RESPONSIBILITY OF THE BUILDER. The BUILDER shall be responsible for storing, safekeeping against weather and theft and handling the BUYER’S 'S SUPPLIES, if any, which the BUILDER is required to install on board the VESSEL after delivery of such supplies to the SHIPYARD, and shall install such supplies on board the VESSEL at the BUILDER’s BUYER's expense. The BUILDER shall not be responsible for the quality, performance or efficiency of any equipment included in the BUYER’S 'S SUPPLIES and is under no obligation with respect to the guarantee of such equipment against any defects caused by poor quality, performance or efficiency of the BUYER’S 'S SUPPLIES. If any of the BUYER’S 'S SUPPLIES is lost or damaged while in the custody of the BUILDER, the BUILDER shall, if the loss or damage is due to willful conduct, default or negligence on its part, be responsible for direct repair such loss or correctiondamage. (End of Article)
Appears in 2 contracts
Samples: Capital Maritime & Trading Corp., Capital Maritime & Trading Corp.