Common use of Class confirmation Clause in Contracts

Class confirmation. evidence from the Classification Society that: (a) the cutting of the first steel plate of the Ship to which the Relevant Advance relates has been completed at the Builder’s workshop (in the event that the Relevant Advance is the second Contract Instalment Advance for that Ship); or (b) the first section of keel of the Ship to which the Relevant Advance relates has been laid at the Builder’s drydock (in the event that the Relevant Advance is the third Contract Instalment Advance for that Ship);