Speed. (a) The Contract Price of the VESSEL shall not be affected nor changed by reason of the actual speed (as determined by the Trial Run after correction according to the Specifications) being less than five tenths (5/10) of one knot below the Guaranteed Speed.
Appears in 7 contracts
Samples: Shipbuilding Contract (TBS International PLC), Contract (TBS International LTD), Contract (TBS International LTD)
Speed. (a) The Contract Price of the VESSEL shall not be affected nor or changed by reason of a deficiency in the actual speed (of the Vessel, as determined by on the Trial Run after correction according to the Specifications) basis of trial run, being less than five three-tenths (5/103/10) of one (1) knot below the Guaranteed Speedguaranteed speed of the Vessel at the designed draft in the conditions as set out in the Specifications.
Appears in 6 contracts
Samples: Construction and Sale (Gener8 Maritime, Inc.), Shipbuilding Contract (Gener8 Maritime, Inc.), Shipbuilding Contract (Gener8 Maritime, Inc.)
Speed. (a) The Contract Price of the VESSEL shall not be affected nor changed by reason of the actual speed (as determined by the Trial Run after correction according to the Specifications) being less than five tenths three tenth (5/103/10) of one knot below the Guaranteed SpeedSpeed as specified in clause 4, Article I of this Contract.
Appears in 2 contracts
Samples: Contract (Himalaya Shipping Ltd.), Contract (Himalaya Shipping Ltd.)
