Common use of Total Loss Clause in Contracts

Total Loss. However, in the event that the VESSEL is determined to be an actual or constructive total loss, the SELLER shall either:

Appears in 9 contracts

Samples: Shipbuilding Contract (Baltic Trading LTD), Shipbuilding Contract (Baltic Trading LTD), Shipbuilding Contract (Baltic Trading LTD)

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Total Loss. However, in the event that the VESSEL is determined to be an actual or constructive total loss, the SELLER shall eithereither :

Appears in 2 contracts

Samples: Shipbuilding Contract (Aegean Marine Petroleum Network Inc.), Form of Shipbuilding Contract (Aegean Marine Petroleum Network Inc.)

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