2nd Instalment. The BUYER shall remit the amount of this instalment in accordance with Article II, Paragraph 3(b) by telegraphic transfer to the account of the SELLER’s bank (the account number to be nominated by the SELLER) or through other receiving bank to be nominated by the SELLER from time to time and such nomination shall be notified to the BUYER at least ten (10) New York business days prior to the due date for the payment.
2nd Instalment. The sum of United States Dollars Two Million Eight Hundred Thousand Only (USD2,800,000.00 only), representing ten percent (10%) of the Original Contract Price, shall become due and payable after the cutting of the first steel plate of the VESSEL, but not earlier than ten (10) months before the Contract Delivery Date. Payment shall be made by the BUYER within Five (5) banking days after the receipt by the BUYER of the original of the invoice issued by the SELLER for the amount of the instalment and of the original certificate signed by the Classification Society attesting that the first steel plate in respect of the VESSEL has been cut;
2nd Instalment. The BUYER shall remit the amount of this installment in accordance with Article II, Paragraph 3(b) by telegraphic transfer to SELLER’s Bank as receiving bank nominated by the SELLER for A/C Beneficiary: China Shipbuilding Trading Company Limited, or through other receiving bank to be nominated by the SELLER from time to time and such nomination shall be notified to the BUYER at least ten (10) days prior to the due date for payment.
2nd Instalment. The sum of United States Dollars Six Million Four Hundred and Eighty-Four Thousand Five Hundred only (US$ 6,484,500), representing Ten percent (10%) of the Contract Price, shall become due and payable and be paid within five (5) Banking Days after the cutting of the first steel plate of the VESSEL. The SELLER shall notify the BUYER by e-mail stating and confirming that the 1st steel plate has been cut in its workshop, providing also a progress statement evidenced by the Classification Society. The SELLER shall then send to the BUYER an e-mail demand for payment of this instalment along with a PDF proforma invoice. Shipbuilding Contract Hull No.H1596
2nd Instalment. The sum of United States Dollars Three Million Four Hundred and Fifty Five Thousand only (U.S.$3,455,000.-) shall be paid on or before November 14th, 2022 in accordance with Clause 5(b) of this Article.
2nd Instalment. The BUILDER shall give a notice to the BUYER at least seven (7) banking days prior to the due date of this Instalment. On or before November 14th, 2022, the BUYER shall remit the amount of this Instalment by telegraphic transfer to the BUILDER’s bank for the account of the BUILDER.
2nd Instalment. The sum of NOK shall be paid to the BUILDER latest within three (3) Banking days after the BUYER’s receipt of notice from the BUILDER confirming the Start of Steel cutting. However no later than 20th December 2013.
2nd Instalment. The sum of ) shall be paid to the BUILDER latest within three (3) Banking days after the BUYER’s receipt of notice from the BUILDER confirming the Start of Steel cutting. However no later than 20th December 2013.
2nd Instalment. The BUILDER shall give a notice to the BUYER about expected date of steel cutting of the VESSEL at least seven (7) banking days prior to the scheduled steel cutting date. Upon receipt of telefax or e-mail notice for the BUILDER together with the statement from the Classification Society confirming that “Steel Cutting” for the VESSEL has been made, the BUYER shall remit within Five (5) banking days the amount of this instalment by telegraphic transfer to the BANK for the account of the BUILDER with remarks of “Hull ”.
2nd Instalment. The sum of United States Dollars Three Million Three Hundred and Ninety Five Thousand Eight Hundred and Fifty (US$3,395,850.00) shall become due and payable and be paid by the Buyer no later than three (3) months after the Effective Date of the CONTRACT.
