Common use of Technical Disputes Clause in Contracts

Technical Disputes. 17.1 In the event that a difference of opinion between Buyer and Builder arises concerning any technical matters under this Contract, or in respect of material or workmanship affecting the classification of the Rig, Builder and Buyer agree to be bound by the decision of the surveyor of the Classification Society. The decision of the surveyor of the Classification Society shall be final and binding upon the parties and shall be given within thirty (30) days of receipt of parties’ statements of position. Pacific Class® 400 Rig Construction Contract (PPl Hull No. P2047) ARTICLE 18 SUBCONTRACTING AND SUPPLY

Technical Disputes. 17.1 20.1 In the event that a difference of opinion between Buyer and Builder arises concerning any technical matters under this Contract, or in respect of material or workmanship affecting the classification of the Rig, Builder and Buyer agree to be bound by the decision of the surveyor of the Classification Society. The decision of the surveyor of the Classification Society shall be final and binding upon the parties and shall be given within thirty (30) days of receipt of parties’ statements of position. Pacific Class® 400 Rig Construction Contract (PPl Hull No. P2047) ARTICLE 18 SUBCONTRACTING AND SUPPLYfor 1st Rig P2031 – 01 October 2010

Technical Disputes. 17.1 20.1 In the event that a difference of opinion between Buyer and Builder arises concerning any technical matters under this Contract, or in respect of material or workmanship affecting the classification of the Rig, Builder and Buyer agree to be bound by the decision of the surveyor of the Classification Society. The decision of the surveyor of the Classification Society shall be final and binding upon the parties and shall be given within thirty (30) days of receipt of parties’ statements of position. Pacific Class® 400 Rig Construction Contract (PPl Hull No. P2047) ARTICLE 18 SUBCONTRACTING AND SUPPLY.

Technical Disputes. 17.1 20.1 In the event that a difference of opinion between Buyer and Builder arises concerning any technical matters under this Contract, or in respect of material or workmanship affecting the classification of the Rig, Builder and Buyer agree to be bound by the decision of the surveyor of the Classification Society. The decision of the surveyor of the Classification Society shall be final and binding upon the parties and shall be given within thirty (30) days of receipt of parties’ statements of position. Pacific Class® 400 Rig Construction Contract (PPl Hull No. P2047) ARTICLE 18 SUBCONTRACTING AND SUPPLYfor 2nd Rig P2032 – 01 October 2010