Common use of Slop Chest Stores Clause in Contracts

Slop Chest Stores. (1) The value of Slop Chest Stores on board the vessel at the time the vessel was ready to sail, as shown by the attached certified in- ventory of amounts on board the vessel at the termination of the preceding voyage or date of last inventory on lll less actual consumption to date of sailing, amounting to $lll, plus the actual additional purchases made for the voyage on which the vessel was lost, as shown by the attached invoices, amounting to $lll, was $lll. (2) The average daily consumption factor of $lll (determined by dividing the amount determined as in (1) by the number of days for which the vessel was stored) times the number of days from the date the vessel was ready to sail to, but not includ- ing, the date of loss ( ) is $lll. To this amount is added the actual amount of Slop Chest Stores transferred or sold (as per statement attached) $lll, making $lll, which, subtracted from the amount of Slop Chest Stores on board at the time the vessel was ready to sail, as shown in (1) above, is $lll, which sum is claimed to be the actual value of the vessel’s unused Slop Chest Stores at the time of the loss accord- ing to the best of deponent’s knowledge, in- formation and belief.

Appears in 7 contracts

Samples: Underwriting Agency Agreement, Underwriting Agency Agreement, Underwriting Agency Agreement

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