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 DRILLSHIP hereunder after delivery thereof and acceptance by the BUYER.

Appears in 5 contracts

Samples: Construction Contract (DryShips Inc.), Construction Contract (DryShips Inc.), Construction Contract (DryShips Inc.)

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Termination of Builder’s Obligation to Insure. The BUILDER shall be under no obligation to insure the DRILLSHIP VESSEL hereunder after her delivery thereof to, and her acceptance by by, the BUYER.

Appears in 1 contract

Samples: Ship Building Contract (Danaos Corp)

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