CLASSIFICATION AND REGULATORY CHANGES Clause Samples
CLASSIFICATION AND REGULATORY CHANGES. 2.1 If, after the Effective Date, any Class Rules and/or any Regulatory Rules are changed by the Classification Society or any Regulatory Authority, the Builder shall promptly notify the Buyer in writing of the relevant change(s) and of the necessary modifications to be made to this Contract, the Plans and the Specification.
2.2 If, following its receipt of a notice under Clause 2.1, the Buyer reasonably considers that the operation of the Ship in its intended service would permit of a dispensation or waiver, the Builder will at the request of the Buyer apply for a dispensation from, or waiver of compliance with, the relevant change(s).
2.3 If the Buyer does not require the Builder to apply for a dispensation or waiver (or it has not been possible to obtain a dispensation or waiver) within a period of fifteen (15) days after the Buyer’s receipt of a notice under Clause 2.1 (or such longer period of time as the parties may agree to be reasonable in the light of all the circumstances then prevailing), the parties shall make an agreement to modify this Contract in accordance with Clause 1 and thereafter the Builder shall make the relevant change(s) in the design or building of the Ship.
CLASSIFICATION AND REGULATORY CHANGES. 2.1 If, after the Effective Date, any Class Rules and/or any Regulatory Rules are changed by the Classification Bodies or any Regulatory Authority, the Builder shall promptly notify
CLASSIFICATION AND REGULATORY CHANGES. 6.2.1 If, after the Effective Date, any Rules of the Classification Bodies and/or any of the Regulatory Bodies (or the interpretation of such Rules) are changed by the Classification Bodies or such Regulatory Bodies, LWB shall promptly notify the Owner in writing of the relevant change(s) and of the necessary modifications to be made to this Contract and/or the Specification.
6.2.2 If, following its receipt of a notice under Clause 6.2.1, the Owner reasonably considers that the operation of the Vessel in its intended service would permit of a dispensation or waiver, LWB will at the request of the Owner apply for a dispensation from, or waiver of compliance with, the relevant change(s).
6.2.3 If the Owner does not require LWB to apply for a dispensation or waiver (or it has not been possible to obtain a dispensation or waiver) within a period of fifteen (15) Days after the Owner's receipt of a notice under Clause 6.2.1 (or such longer period of time as the parties may agree to be reasonable in the light of all the circumstances then prevailing), the parties shall make an agreement to modify this Contract and/or the Specification in accordance with Clause 6.1 and thereafter LWB shall make the relevant change(s) in the Vessel.