Common use of Termination of Builder’s Obligation to Insure Clause in Contracts

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. (End of Article)

Appears in 6 contracts

Samples: Construction Contract (Danaos Corp), Construction Contract (Danaos Corp), Construction Contract (Danaos Corp)

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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. (End of Article)

Appears in 2 contracts

Samples: Contract for Construction and Sale of Vessel (R&b Falcon Corp), Construction Contract (R&b Falcon Corp)

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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. (End of Article)) 51

Appears in 1 contract

Samples: Construction Contract

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