Common Contracts
2 similar Shipbuilding Contract contracts by Scorpio Bulkers Inc.
SHIPBUILDING CONTRACTShipbuilding Contract • December 2nd, 2013 • Scorpio Bulkers Inc. • Deep sea foreign transportation of freight • England
however, in the event that we have been notified of an arbitration between you and Builder as set out above before the expiry date, then the validity of this Letter of Guarantee shall be automatically further extended until payment is made either by the Builder or us under this Letter of Guarantee in accordance with the published final and non-appealable arbitration award, which orders the Builder to make a payment. Should the published final and non-appealable arbitration award state that no payment whatsoever is due to the Buyer then this Letter of Guarantee shall expire within thirtieth (30th) calendar day after the publication of the award. Upon expiry date, this Letter of Guarantee shall become null and void whether it will actually be returned to our counter or not.
SHIPBUILDING CONTRACTShipbuilding Contract • December 2nd, 2013 • Scorpio Bulkers Inc. • Deep sea foreign transportation of freight • England
however, in the event that we have been notified of an arbitration between you and Builder as set out above before the expiry date, then the validity of this Letter of Guarantee shall be automatically further extended until payment is made either by the Builder or us under this Letter of Guarantee in accordance with the published final and non-appealable arbitration award, which orders the Builder to make a payment. Should the published final and non-appealable arbitration award state that no payment whatsoever is due to the Buyer then this Letter of Guarantee shall expire within thirtieth (30th) calendar day after the publication of the award. Upon expiry date, this Letter of Guarantee shall become null and void whether it will actually be returned to our counter or not.
