Vessel Leaving The Yard definition

Vessel Leaving The Yard shall have the meaning given to it in Article 20.
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Vessel Leaving The Yard shall have the meaning given to it in Article 21.1 (Vessel Leaving the Yard);
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Vessel Leaving The Yard shall have the meaning given to it in Article 21.1 (Vessel Leaving the Yard); "Warranty Period" shall have the meaning given to it in Article 36.1 (Warranty); "Works" means works to be carried out by the Contractor pursuant to this Agreement; and "Yard" means any of the shipyards occupied or operated by the Contractor or the Contractor's Affiliates in Singapore.
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Examples of Vessel Leaving The Yard in a sentence

  • Such bank guarantee shall be effective from the date of Vessel Leaving The Yard until the satisfaction of all of the Owner’s payment obligations under this Agreement.

  • The actual price for the performance by the Contractor of the Re-measurable Scope shall be based on a re-measurement of the actual work, materials and equipment required to carry out the Re-measurable Scope at the rates set out in Appendix 3 (“Final Re-measurable Price”), which the Contractor shall determine no later than 14 Days before Vessel Leaving The Yard.

  • From the time of Vessel Leaving The Yard, the Owner shall maintain comprehensive hull and machinery, protection and indemnity and any operational insurance policies over the Vessel covering at least the value of the Vessel.

  • Following the signing of the Certificate of Vessel Leaving The Yard and payment in accordance with Article 20.1, the Owner shall, at its own risk and cost, cause the Vessel to be moved within 7 Days from the Yard to an anchorage in Singapore.

  • Such mortgage shall remain effective, valid, unencumbered and existing until the date of Vessel Leaving The Yard, after which the provisions of Article 47.2 below shall apply.

  • Upon the completion of the Commissioning of the Works provided in Appendix 1B to be carried out in the Yard, the Owner’s Representative and the Contractor’s Representative shall sign the Certificate of Vessel Leaving The Yard in the form set out in Appendix 10, whereupon (subject to the payment of the Fourth Instalment in accordance with Article 15.4d)) the care, custody and control of the Vessel shall pass from the Contractor to the Owner (“Vessel Leaving The Yard”).

  • During the seven (7) Days after the signing of the Certificate of Vessel Leaving The Yard that the Vessel remains in the Yard, the Contractor shall be fully entitled to move the Vessel to another part of the Yard at the Owner's cost and risk of loss or damage arising from such movement.

  • The Contractor's prevailing mooring/berthing rates will be payable by the Owner whilst the Vessel remains at the Yard beyond seven (7) Days after the signing of the Certificate of Vessel Leaving The Yard.

  • Such mortgage shall remain effective, valid, unencumbered and existing until the date of Vessel Leaving The Yard, after which the provisions of Article 45.2 below shall apply.

  • Following the signing of the Certificate of Vessel Leaving The Yard and payment in accordance with Article 18.1, the Owner shall, at its own risk and cost, cause the Vessel to be moved within 7 Days from the Yard to an anchorage in Singapore.