WHEN AND HOW EFFECTED. After the VESSEL is accepted following the sea trials and once the VESSEL is ready for delivery, the SELLER shall give the BUYER three (3) business days definite notice of the anticipated delivery date by letter, telefax or telex to the BUYER. Provided that the BUYER and the SELLER shall each have fulfilled all of their respective obligations as stipulated in this Contract, and the VESSEL is ready for delivery, 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, duly signed by the parties, acknowledging delivery of the VESSEL by the SELLER and acceptance thereof by the BUYER.
Appears in 4 contracts
Samples: Form of Shipbuilding Contract (Aegean Marine Petroleum Network Inc.), Shipbuilding Contract (Aegean Marine Petroleum Network Inc.), Aegean Marine Petroleum Network Inc.
