Speed. (a) The Contract Price shall not be affected or changed by reason of the actual speed, as determined by trial run, being less than three-tenths (3/10) of one (1) knot below the Guaranteed Speed of the VESSEL specified and required under Paragraph 3(b) of Article I of this Contract (hereinafter called the Guaranteed Speed”).
Appears in 2 contracts
Samples: Shipbuilding Contract (Safe Bulkers, Inc.), Shipbuilding Contract (Safe Bulkers, Inc.)
Speed. (a) The Contract Price shall not be affected or changed by reason of the actual speed, as determined by trial runrun in accordance with the Specifications, being less than three-tenths (3/10) of one (1) knot below the Guaranteed Speed of the VESSEL specified and required under Paragraph 3(b) of Article I of this Contract (hereinafter called the “Guaranteed Speed”).
Appears in 2 contracts
Samples: Shipbuilding Contract (Scorpio Bulkers Inc.), Shipbuilding Contract (Scorpio Bulkers Inc.)
Speed. (a) The Contract Price shall not be affected or changed by reason of the actual speed, as determined by trial runrun in accordance with the Specifications, being less than three-tenths (3/10) of one (1) knot below the Guaranteed Speed of the VESSEL specified and required under Paragraph 3(b) of Article I of this Contract (hereinafter called the “Guaranteed Speed”).
Appears in 2 contracts
Samples: Shipbuilding Contract (Globus Maritime LTD), Shipbuilding Contract (Globus Maritime LTD)
Speed. (a) The Contract Price shall not be affected or changed by reason of the actual speed, as determined by the trial run, being less not more than three-tenths (3/10) of one (1) knot below the Guaranteed Speed guaranteed speed of the VESSEL specified and required under Paragraph 3(b) of Article I of this Contract (hereinafter called the Guaranteed Speed”)VESSEL.
Appears in 1 contract
Samples: Tsakos Energy Navigation LTD
Speed. (a) The Contract Price shall not be affected or changed by reason of the actual speed, as determined by the trial runruns, being less than three-tenths (3/103/10ths) of one (1) knot below the Guaranteed Speed of guaranteed speed the VESSEL specified and required under Paragraph 3(b) of Article I of this Contract (hereinafter called the Guaranteed Speed”)VESSEL.
Appears in 1 contract
Speed. (ai) The Contract Price shall not be affected or changed by reason of the actual speed, as determined by the trial run, being less than threetwo-tenths (3/102/10) of one (1) knot below the Guaranteed Speed guaranteed speed of twenty-two and one-half (22.5) knots as defined in the VESSEL specified and required under Paragraph 3(b) of Article I of this Contract (hereinafter called the Guaranteed Speed”)Specification for any Vessel.
Appears in 1 contract
Samples: Vessel Construction Contract (Alexander & Baldwin Inc)
