Common use of SUBSTITUTION OF MATERIALS AND/OR EQUIPMENT Clause in Contracts

SUBSTITUTION OF MATERIALS AND/OR EQUIPMENT. In the event that any of the materials and/or equipment required by the Specifications or otherwise under this Contract for the construction of the VESSEL cannot be procured in time to effect delivery of the VESSEL, the SELLER may, provided the SELLER shall provide adequate evidence and the BUYER so agrees in writing, supply other materials and/or equipment of the equivalent quality, capable of meeting the requirements of the Classification Society and of the rules, regulations, requirements and recommendations with which the construction of the VESSEL must comply.

SUBSTITUTION OF MATERIALS AND/OR EQUIPMENT. In the event that any of the materials and/or equipment required by the Specifications or otherwise under this Contract for the construction of the VESSEL cannot be procured in time to effect delivery maintain the Delivery Date of the VESSEL, the SELLER may, provided the SELLER shall provide adequate evidence and that the BUYER shall so agrees agree first in writing, supply other materials and/or equipment of the equivalent quality, capable of meeting same standard and quality in accordance with the requirements of the Classification Society and of the rules, regulations, requirements rules and recommendations regulations with which the construction of the VESSEL must complycomply in accordance with the terms of this Contract and the Specifications.

SUBSTITUTION OF MATERIALS AND/OR EQUIPMENT. In the event that any of the materials and/or equipment required by the Specifications or otherwise under this Contract for the construction of the VESSEL cannot be procured in time to effect delivery maintain the Delivery Date of the VESSEL, the SELLER may, provided the SELLER shall provide adequate evidence and that the BUYER shall so agrees agree first in writing, supply other materials and/or equipment of the equivalent quality, capable of meeting same standard and quality in accordance with the requirements of the Classification Society and of the rules, regulations, requirements regulations and recommendations with which the construction of the VESSEL must complycomply in accordance with the terms of this Contract and the Specifications.