Common use of Buyers have the option to buy the owning co of the vessel to preserve Clause in Contracts

Buyers have the option to buy the owning co of the vessel to preserve. oil major acceptances, to be advised latest 10 days prior to the expected delivery of the vessel

Appears in 2 contracts

Sources: Memorandum of Agreement (Imperial Petroleum Inc./Marshall Islands), Memorandum of Agreement (Imperial Petroleum Inc./Marshall Islands)