WHEN AND HOW EFFECTED. Provided that the BUILDER and the BUYER shall have fulfilled all of their obligations stipulated under this Contract, the delivery of the VESSEL shall be effected forthwith by the concurrent delivery by each of the parties hereto to the other of the PROTOCOL OF DELIVERY AND ACCEPTANCE, acknowledging delivery of the VESSEL by the BUILDER and acceptance thereof by the BUYER.
Appears in 7 contracts
Samples: Construction Contract, Construction Contract (Danaos Corp), Construction Contract (Danaos Corp)
WHEN AND HOW EFFECTED. Provided that the BUILDER and the BUYER shall have fulfilled all of their obligations stipulated under this Contract, the delivery of the VESSEL DRILLSHIP shall be effected forthwith by the concurrent delivery by each of the parties hereto to the other of the PROTOCOL OF DELIVERY AND ACCEPTANCE, acknowledging delivery of the VESSEL DRILLSHIP by the BUILDER and acceptance thereof by the BUYER.
Appears in 5 contracts
Samples: Construction Contract (DryShips Inc.), Construction Contract (DryShips Inc.), Construction Contract (DryShips Inc.)
WHEN AND HOW EFFECTED. Provided that each of the BUILDER SELLERS and the BUYER shall have fulfilled all of their its obligations stipulated under this Contract, the delivery of the VESSEL shall be effected forthwith by the concurrent delivery by each of the parties hereto to the other of the PROTOCOL OF DELIVERY AND ACCEPTANCE, acknowledging delivery of the VESSEL by the BUILDER SELLERS and acceptance thereof by the BUYER.
Appears in 3 contracts
Samples: Ship Sale Contract (Globus Maritime LTD), Ship Sale Contract (Globus Maritime LTD), Ship Sale Contract (Globus Maritime LTD)
WHEN AND HOW EFFECTED. Provided that the BUILDER and the BUYER shall have fulfilled all of their its obligations stipulated under this Contract, the delivery of the VESSEL shall be effected forthwith by the concurrent delivery by each of the parties hereto to the other of the PROTOCOL OF DELIVERY AND ACCEPTANCE, acknowledging delivery of the VESSEL by the BUILDER and acceptance thereof by the BUYER, which shall be prepared in duplicate and executed by each of the parties hereto.
Appears in 2 contracts
Samples: Shipbuilding Contract (Globus Maritime LTD), Shipbuilding Contract (Globus Maritime LTD)
WHEN AND HOW EFFECTED. Provided that the BUILDER and the BUYER shall have fulfilled all of their obligations stipulated under this Contract, the delivery of the VESSEL shall be effected forthwith by the concurrent delivery by each of the parties hereto to the other of the signed PROTOCOL OF DELIVERY AND ACCEPTANCE, acknowledging delivery of the VESSEL by the BUILDER and acceptance thereof by the BUYER.
Appears in 2 contracts
Samples: Shipbuilding and Construction Agreement (Stolt Nielsen S A), Shipbuilding and Construction Agreement (Stolt Nielsen S A)
WHEN AND HOW EFFECTED. Provided that the BUILDER and the BUYER shall have fulfilled all of their its obligations stipulated under this Contract, the delivery of the VESSEL shall be effected forthwith by the concurrent delivery by each of the parties hereto to the other of the PROTOCOL OF DELIVERY AND ACCEPTANCE, acknowledging delivery of the VESSEL by the BUILDER and acceptance thereof by the BUYER.
Appears in 2 contracts
Samples: Shipbuilding Contract (Scorpio Bulkers Inc.), Shipbuilding Contract (Tsakos Energy Navigation LTD)
WHEN AND HOW EFFECTED. Provided that the BUILDER and the BUYER shall have fulfilled all of their its obligations stipulated under this Contract, the delivery of the VESSEL shall be effected forthwith by the concurrent delivery by each of the parties hereto to the other of the PROTOCOL OF DELIVERY AND ACCEPTANCE, acknowledging delivery of the VESSEL by the BUILDER and acceptance thereof by the BUYER, which protocol shall be prepared in duplicate and executed by each of the parties hereto.
Appears in 2 contracts
Samples: Shipbuilding Contract (Scorpio Bulkers Inc.), Shipbuilding Contract (Scorpio Bulkers Inc.)
WHEN AND HOW EFFECTED. Provided that the BUILDER and the BUYER shall have fulfilled all of their its obligations stipulated under this Contract, the delivery of the VESSEL shall be effected forthwith by the concurrent delivery by each of the parties Parties hereto to the other of the PROTOCOL OF DELIVERY AND ACCEPTANCE, acknowledging delivery of the VESSEL by the BUILDER and acceptance thereof by the BUYER, which protocol shall be prepared in duplicate and executed by each of the Parties hereto.
Appears in 2 contracts
Samples: Shipbuilding Contract (Safe Bulkers, Inc.), Shipbuilding Contract (Safe Bulkers, Inc.)
WHEN AND HOW EFFECTED. Provided that the BUILDER and the BUYER shall have fulfilled all of their its obligations stipulated under this Contract, the delivery of the VESSEL shall be effected forthwith by the concurrent delivery execution by each of the parties hereto to the other of the PROTOCOL OF DELIVERY AND ACCEPTANCEACCEPTANCE in the form attached hereto as Exhibit "B", acknowledging delivery of the VESSEL by the BUILDER and acceptance thereof by the BUYER.. Notwithstanding any provision in this Contract, it is agreed and understood that the VESSEL shall be delivered to BUYER when completed and
Appears in 1 contract
Samples: Construction Contract (Santa Fe International Corp/)
WHEN AND HOW EFFECTED. Provided that the BUILDER and the BUYER shall have fulfilled all of their its obligations stipulated under this ContractCONTRACT, the delivery of the VESSEL shall be effected forthwith by the concurrent delivery by each of the parties hereto to the other of the PROTOCOL OF DELIVERY AND ACCEPTANCE, acknowledging delivery of the VESSEL by the BUILDER SELLER and acceptance thereof by the BUYER.
Appears in 1 contract
WHEN AND HOW EFFECTED. Provided that the BUILDER and the BUYER shall have fulfilled all of their its obligations stipulated under this Contract, the delivery of the VESSEL shall be effected forthwith by the concurrent delivery by each of the parties hereto to the other of the PROTOCOL OF DELIVERY AND ACCEPTANCE, acknowledging delivery of the VESSEL by the BUILDER SELLER and acceptance thereof by the BUYER.
Appears in 1 contract
