ALTERATION OF DELIVERY TIME. If the construction of the VESSEL is affected by any arbitration, the SELLER shall be permitted to extend the Contract Delivery Date in accordance with the arbitration award if the award includes a finding as to what extent the SELLER shall be permitted to extend the Contract Delivery Date. To the maximum extent possible, performance by the parties of their obligations under this Contract shall continue during the arbitration of any dispute hereunder, Date: 13th November, 2013 42/60
ALTERATION OF DELIVERY TIME. In the event of reference to arbitration of any dispute arising out of matters occurring prior to delivery of the VESSEL, the BUYER shall not be entitled to extend the Delivery Date as defined in Article 7 hereof. The Arbitration Tribunal however, shall be empowered to decide as to what extent if any the Delivery Date is altered as a result of the arbitration proceedings, if at all,
ALTERATION OF DELIVERY TIME. In the event of reference to arbitration of any dispute arising out of matters occurring prior to delivery of the VESSEL, the SELLER shall not be entitled to extend the Delivery Date as defined in Article VII hereof and the BUYER shall not be entitled to postpone its acceptance of the VESSEL on the Delivery Date or on such newly planned time of delivery of the VESSEL as declared by the SELLER. However, if the construction of the VESSEL is affected by any arbitration, the SELLER shall then be permitted to extend the Delivery Date as defined in Article VII insofar, as the award explicitly entitles the SELLER to extend the Delivery Date and the award shall include a finding as to what extent the SELLER shall be permitted to extend the Delivery Date. Shipbuilding Contract For Construction of One 82,000 DWT Bulk Carrier (Hull No.YZJ2013-1145)
ALTERATION OF DELIVERY TIME. In the event of reference to arbitration of any dispute arising out of matters occurring prior to delivery of the VESSEL, the SELLER shall not be entitled to extend the Delivery Date as defined in Article 7 hereof and the BUYER shall not be entitled to postpone its acceptance of the VESSEL on the Delivery Date or on such newly planned time of delivery of the VESSEL as declared by the SELLER. However, if the construction of the VESSEL is affected by any arbitration or court proceeding, the SELLER shall then be permitted to extend the Delivery Date as defined in Article 7 and the decision or the award shall include a finding as to what extent the SELLER shall be permitted to extend the Delivery Date if at all.
ALTERATION OF DELIVERY TIME. In the event of reference to arbitration of any dispute arising out of matters occurring prior to delivery of the VESSEL, the BUILDER shall not be entitled to extend the Delivery Date as defined in Article VII hereof and the BUYER shall not be entitled to postpone its acceptance of the VESSEL on the Delivery Date or on such newly planned time of delivery of the VESSEL as declared by the BUILDER. However, if the construction of the VESSEL is affected by any arbitration, the BUILDER shall then be permitted to extend the Delivery Date as defined in Article VII and the decision or the award shall include a finding as to what extent the BUILDER shall be permitted to extend the Delivery Date. [***] Shipbuilding Contract Hull No. 0120833
ALTERATION OF DELIVERY TIME. In the event of the arbitration of any dispute or differences, that affects the construction of the VESSEL, arising or occurring prior to delivery to, or acceptance by the BUYER of the VESSEL, the award by the arbitrator shall include a finding as to whether or not the contractual delivery date of the VESSEL should, as a result of such dispute, be in any altered thereby. (End of Article) 52 of 68
ALTERATION OF DELIVERY TIME. In the event of arbitration of any dispute arising or occurring prior to delivery of the Vessel, an award of the arbitrators shall include a finding as to whether or not the delivery date of the Vessel is in any way altered thereby. {N1783113.1.2}
ALTERATION OF DELIVERY TIME. In the event of reference to arbitration of any dispute arising out of matters occurring prior to delivery of the VESSEL, the SELLER shall not be entitled to postpone the Delivery Date unless the construction of the VESSEL is affected by any arbitration or court proceeding, in which case the SELLER shall be permitted to postpone the Delivery Date and the decision or the award shall include a finding as to what extent the SELLER shall be permitted so to do. Shipbuilding Contract For Construction of One 82,000 DWT Bulk Carrier (Hull No. )
ALTERATION OF DELIVERY TIME. 32 ARTICLE XIV --
ALTERATION OF DELIVERY TIME. In the event a matter is referred to arbitration prior to delivery of the VESSEL, the decision or the award shall include a finding as to the extent, if any, to which the Delivery Date is thereby altered.
