Examples of Shipbuilding Contract B in a sentence
Security : The Buyer shall, within fifteen (15) days of the date of the Shipbuilding Contract B, deliver to the Seller an irrevocable letter of guarantee issued by the Company in favour of the Seller, pursuant to which the Company shall guarantee the Buyer’s performance of the obligations to pay for the 2nd, 3rd, 4th and 5th instalments of the consideration.
Shipbuilding Contract B Date : 18 February 2024 Parties : The Buyer The Seller Asset to be acquired : Vessel B, a 18,500 dwt oil/chemical tanker to be constructed and expected to be delivered on 30 November 2025.
THE SHIPBUILDING CONTRACTS The Shipbuilding Contracts are of identical terms and conditions and are described below: Date : 8 December 2005 Parties : Newbuilding : Lake Stevens Limited for Shipbuilding Contract A; PurchasersGood Shape Limited for Shipbuilding Contract B; Bright Cove Limited for Shipbuilding Contract C; and Future Sea Limited for Shipbuilding Contract D;each being an indirect wholly-owned subsidiary of the Company.Newbuilding : Guangdong Machinery Imp.
Assets to be acquired: In respect of Shipbuilding Contract A, a handysize dry bulk carrier of approximately 32,000 dwt (“Vessel A”); in respect of Shipbuilding Contract B, a handysize dry bulk carrier of approximately 32,000 dwt (“Vessel B”); in respect of Shipbuilding Contract C, a handysize dry bulk carrier of approximately 32,000 dwt (“Vessel C”); and in respect of Shipbuilding Contract D, a handysize dry bulk carrier of approximately 32,000 dwt (“Vessel D”).