WHEN AND HOW EFFECTED. Provided that the BUYER and the SELLER shall each have fulfilled all of their respective obligations as stipulated in this Contract, delivery of the VESSEL shall be effected forthwith by the concurrent delivery by each of the parties hereto, one to the other, of the Protocol of Delivery and Acceptance, acknowledging delivery of the VESSEL by the SELLER and acceptance thereof by the BUYER, which Protocol shall be prepared in triplicate and executed by each of the parties hereto.
Appears in 7 contracts
Samples: Shipbuilding Contract (Performance Shipping Inc.), Shipbuilding Contract (Performance Shipping Inc.), Shipbuilding Contract (Performance Shipping Inc.)
WHEN AND HOW EFFECTED. Provided that the BUYER and the SELLER shall each have fulfilled all of their respective obligations as stipulated in this Contract, the delivery of the VESSEL shall be effected forthwith by the concurrent delivery by each of the parties hereto, one to the other, of the Protocol of Delivery and Acceptance, acknowledging delivery of the VESSEL by the SELLER and acceptance thereof by the BUYER, which Protocol shall be prepared in triplicate quadruplicate and executed by each of the parties hereto.
Appears in 7 contracts
Samples: Shipbuilding Contract (TBS International PLC), Contract (TBS International LTD), Contract (TBS International LTD)
WHEN AND HOW EFFECTED. Provided that the BUYER and the SELLER shall each have fulfilled all of their respective obligations as stipulated in this Contract, delivery of the VESSEL shall be effected forthwith by the concurrent delivery by each of the parties heretoSELLER and the BUYER, one to the other, of the Protocol of Delivery and Acceptance, acknowledging delivery of the VESSEL by the SELLER and acceptance thereof by the BUYER, which Protocol shall be prepared in triplicate quadruplicate and executed by duly authorised representatives of each of the parties hereto.
Appears in 3 contracts
Samples: Contract (Himalaya Shipping Ltd.), Contract (Himalaya Shipping Ltd.), Shipbuilding Contract (Scorpio Bulkers Inc.)
WHEN AND HOW EFFECTED. Provided that the BUYER and the SELLER shall each have fulfilled all of their respective obligations as stipulated in this Contract, delivery of the VESSEL shall be effected forthwith by the concurrent delivery by each of the parties hereto, one to the other, of the Protocol of Delivery and Acceptance, acknowledging delivery of the VESSEL by the SELLER and acceptance thereof by the BUYER, which Protocol shall be prepared in triplicate quadruplicate and executed by each of the parties hereto.
Appears in 2 contracts
Samples: Shipbuilding (Scorpio Bulkers Inc.), Shipbuilding Contract (Scorpio Bulkers Inc.)
WHEN AND HOW EFFECTED. Provided that the BUYER and the SELLER shall each have fulfilled all of their respective its obligations as stipulated in under this Contract, delivery of the VESSEL shall be effected forthwith by the concurrent delivery by each of the parties hereto, one hereto to the other, other of the Protocol of Delivery and AcceptancePROTOCOL OF DELIVERY AND ACCEPTANCE, acknowledging delivery of the VESSEL by the SELLER BUILDER and acceptance thereof by the BUYER, which Protocol shall be prepared in triplicate and executed by each of the parties hereto.
Appears in 2 contracts
Samples: Construction and Sale (Scorpio Bulkers Inc.), Tsakos Energy Navigation LTD
WHEN AND HOW EFFECTED. Provided that each the BUILDER and BUYER and the SELLER shall each have fulfilled all of their respective obligations as stipulated provided for in this ContractCONTRACT, delivery of the VESSEL shall be forthwith effected forthwith upon acceptance thereof by the BUYER, as hereinabove provided, by the concurrent delivery by each of the parties hereto, one hereto to the other, other of the Protocol of Delivery and Acceptance, a PROTOCOL OF DELIVERY AND ACCEPTANCE acknowledging delivery of the VESSEL by the SELLER BUILDER and acceptance thereof by the BUYER, which Protocol shall be prepared in triplicate duplicate and executed signed by each of the parties hereto.
Appears in 2 contracts
Samples: Capital Maritime & Trading Corp., Capital Maritime & Trading Corp.
WHEN AND HOW EFFECTED. Provided that the BUYER and the SELLER shall each have fulfilled all of their respective its obligations as stipulated in under this Contract, delivery of the VESSEL shall be effected forthwith by the concurrent delivery by each of the parties hereto, one Parties to the other, other of the Protocol of Delivery and AcceptancePROTOCOL OF DELIVERY AND ACCEPTANCE, acknowledging delivery of the VESSEL by the SELLER and acceptance thereof by the BUYER, which Protocol . The form of PROTOCOL OF DELIVERY AND ACCEPTANCE shall be prepared as set out in triplicate and executed by each of the parties heretoAppendix III to this Contract.
Appears in 1 contract
Samples: Shipbuilding Contract (Aegean Marine Petroleum Network Inc.)
WHEN AND HOW EFFECTED. Provided that the BUYER and the SELLER shall each have fulfilled all of their respective obligations as stipulated in this Contract, delivery of the VESSEL shall be effected forthwith by the concurrent delivery by each of the parties hereto, one to the other, of the Protocol of Delivery and Acceptance, as evidencing and acknowledging delivery of the VESSEL by the SELLER and acceptance thereof by the BUYER, which Protocol shall be prepared in triplicate quadruplicate and executed by each of the parties hereto.
Appears in 1 contract
