Common use of Alteration of equipment; additional equipment Clause in Contracts

Alteration of equipment; additional equipment. The Lessee may at any time alter or remove all or any items of equipment or may fit any additional equipment required to render the Ship available for any purpose for which the Lessee may require to use her in accordance with the provisions of clause 13 provided that the Lessee shall first have obtained the prior written consent of the Lessor thereto if and to the extent such consent may be required pursuant to clause 15.2.10. Any additional equipment so fitted by the Lessee shall be considered the property of the Lessee or relevant sub-lessee who may remove such additional equipment at any time before the expiration of the Lease Period. The cost of fitting or removing any equipment together with the cost of making good any damage caused by such fitting or removal shall be payable in full by the Lessee who shall re-deliver the Ship's equipment to the Lessor in accordance with the provisions of clause 20.1 unless it is agreed between the Lessor and the Lessee that any extra fittings or equipment which have been supplied by the Lessee during the Lease Period shall remain on the Ship after redelivery, in which event such fittings or equipment shall as from redelivery become the property of the Lessor.

Appears in 5 contracts

Samples: Dated April 2003 (Golar LNG LTD), Dated April (Golar LNG LTD), April 2003 (Golar LNG LTD)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.