Total Loss. If there is a total loss or a constructive total loss of the VESSEL prior to delivery thereof, the BUILDER shall proceed according to the mutual agreement of the parties hereto either:
Appears in 29 contracts
Samples: Shipbuilding Contract (Excelerate Energy, Inc.), Shipbuilding Contract (DHT Holdings, Inc.), Shipbuilding Contract (DHT Holdings, Inc.)
Total Loss. If there is a total loss or a constructive total loss of the VESSEL prior to delivery and acceptance thereof, the BUILDER shall proceed according to the mutual agreement of the parties hereto either:
Appears in 2 contracts
Samples: Shipbuilding Contract (Alma Maritime LTD), Shipbuilding Contract (Alma Maritime LTD)
Total Loss. If there is a an actual total loss or a constructive total loss of the VESSEL prior to delivery thereofdelivery, the BUILDER shall proceed according to the mutual agreement of the parties hereto either:
Appears in 1 contract
