Common use of Ballast Clause in Contracts

Ballast. Buyer shall provide facilities or receive vessel’s ballast water and/or slops. Expense of handling, storage or disposal of these materials shall be absorbed by Buyer. Time consumed discharging ballast water and/or slops shall not count as used laytime. Any delay by buyer in furnishing such facilities shall count as used laytime. If, however, vessel must shift to and/or from such facilities, all time consumed by the vessel in shifting, including discharge of the ballast water and/or slops, shall count as used laytime; and expenses incurred by the vessel, including shifting expenses shall be for account of Buyer.

Appears in 1 contract

Sources: Asset Purchase Agreement (Getty Realty Corp /Md/)

Ballast. Buyer Supplier shall provide facilities or to receive vessel’s ballast water and/or slops. Expense of handling, storage or disposal of these materials shall be absorbed by BuyerSupplier. Time Tine consumed discharging ballast water and/or slops shall not count as used laytime. Any delay by buyer Supplier in furnishing such facilities shall count as used laytime. If, however, vessel must shift to and/or from such facilities, all time consumed by the vessel in shifting, including discharge of the ballast water and/or slops, shall count as used laytime; and expenses incurred by the vessel, including shifting expenses expenses, shall be for account of BuyerSupplier.

Appears in 1 contract

Sources: Asset Purchase Agreement (Getty Realty Corp /Md/)