Common use of Substitution of Materials Clause in Contracts

Substitution of Materials. If any of the materials required by the Specifications or the Maker’s List cannot be procured in time or are in short supply, the Builder may, in order to maintain the Delivery Date and subject to the Buyer’s approval, which shall not unreasonably be withheld and which shall be provided without undue delay, supply other materials capable of meeting the requirements of the Classification Society or Regulatory Bodies. No extra charges shall be made to the Buyer and, except that any savings shall be credited to the Buyer, the Contract shall remain unaltered.

Appears in 3 contracts

Samples: Shipbuilding and Construction Agreement (Stolt Nielsen S A), Shipbuilding Contract (Petroleum Geo Services Asa), Shipbuilding Contract (Petroleum Geo Services Asa)

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Substitution of Materials. If any of the materials required by the Specifications or the Maker’s 's List cannot be procured in time or are in short supply, the Builder may, in order to maintain the Delivery Date and subject to the Buyer’s 's approval, which shall not unreasonably be withheld and which shall be provided without undue delay, supply other materials capable of meeting the requirements of the Classification Society or Regulatory Bodies. No extra charges shall be made to the Buyer and, except that any savings shall be credited to the Buyer, the Contract shall remain unaltered.

Appears in 1 contract

Samples: Shipbuilding Contract (Trico Marine Services Inc)

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