Termination of the BUILDER’s Obligation to Insure. The BUILDER’s obligation to insure the VESSEL hereunder shall cease and terminate forthwith upon delivery and acceptance thereof by the BUYER.
Appears in 4 contracts
Samples: Shipbuilding Contract (Scorpio Bulkers Inc.), Shipbuilding Contract (Scorpio Bulkers Inc.), Shipbuilding Contract (Safe Bulkers, Inc.)
Termination of the BUILDER’s Obligation to Insure. The BUILDER’s obligation to insure the VESSEL hereunder shall cease and terminate forthwith upon delivery thereof and acceptance thereof of the VESSEL by the BUYER.
Appears in 4 contracts
Samples: Shipbuilding Contract (Quintana Maritime LTD), Shipbuilding Contract (Quintana Maritime LTD), Shipbuilding Contract (Quintana Maritime LTD)
Termination of the BUILDER’s Obligation to Insure. The BUILDER’s 's obligation to insure the VESSEL hereunder shall cease and terminate forthwith upon delivery thereof and acceptance thereof by the BUYER.
Appears in 2 contracts
Samples: Shipbuilding Contract (Alexander & Baldwin Inc), Shipbuilding Contract (Alexander & Baldwin Inc)
Termination of the BUILDER’s Obligation to Insure. The BUILDER’s 's obligation to insure the VESSEL hereunder shall cease and terminate forthwith upon delivery and acceptance thereof by the BUYER.
Appears in 2 contracts
Samples: Shipbuilding Contract (Globus Maritime LTD), Shipbuilding Contract (Globus Maritime LTD)
Termination of the BUILDER’s Obligation to Insure. The BUILDER’s obligation to insure the VESSEL hereunder shall cease and terminate forthwith upon delivery thereof and acceptance thereof by the BUYER.
Appears in 1 contract
Samples: Shipbuilding Contract (Tsakos Energy Navigation LTD)
