Termination of Builder’s Obligation to Insure. The BUILDER shall be under no obligation to insure the VESSEL hereunder after delivery and acceptance of the VESSEL.
Appears in 5 contracts
Samples: Shipbuilding Contract (Danaos Corp), Shipbuilding Contract (Danaos Corp), Shipbuilding Contract (Danaos Corp)
Termination of Builder’s Obligation to Insure. The BUILDER Builder shall be under no obligation to insure the VESSEL Vessel hereunder after physical delivery to and acceptance by the Buyer of the VESSELVessel.
Appears in 4 contracts
Samples: Shipbuilding Contract (Ardmore Shipping Corp), Shipbuilding Contract (Ardmore Shipping Corp), Shipbuilding Contract (Ardmore Shipping Corp)
Termination of Builder’s Obligation to Insure. The BUILDER shall be under no obligation to insure the VESSEL hereunder after delivery and acceptance of the VESSEL.
Appears in 2 contracts
Samples: Shipbuilding and Construction Agreement (Stolt Nielsen S A), Shipbuilding and Construction Agreement (Stolt Nielsen S A)
