Common use of Condition on delivery Clause in Contracts

Condition on delivery. The Vessel with everything belonging to her shall be at the Sellers’ risk and expense until she is delivered to the Buyers, but subject to the terms and conditions of this Agreement she shall be delivered and taken over, otherwise in the same condition as she was at the time of inspection, fair wear and tear excepted. However, the Vessel shall be delivered free of cargo and free of stowaways with her Class maintained without condition/recommendation*, free of average damage affecting the Vessel’s class, and with her classification certificates and national certificates, as well as all other certificates the vessel had at the time of inspection, valid without condition/recommendation* by the Classification Society or the relevant authorities at the time of delivery.

Appears in 2 contracts

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

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Condition on delivery. The Vessel with everything belonging to her shall be at the Sellers’ risk and expense until she is delivered to the Buyers, but subject to the terms and conditions of this Agreement she shall be delivered and taken over, otherwise in the same condition as she was at the time of inspection, fair wear and tear excepted. However, the Vessel shall be delivered free of cargo and free of stowaways with her Class maintained without condition/recommendation*, free of average damage affecting the Vessel’s class, and with her classification certificates and national certificates, as well as all other certificates the vessel Vessel had at the time of inspection, inspection valid without condition/recommendation* by the Classification classification Society or the relevant authorities at the time of of-delivery.

Appears in 2 contracts

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

Condition on delivery. The Vessel with everything belonging to her shall be at the Sellers’ risk and expense until she is delivered to the Buyers, but subject to the terms and conditions of this Agreement she shall be delivered and taken over, otherwise in the same condition over as she was at the time of inspectioninspection as she was at the time of this Agreement, fair wear and tear excepted. However, the Vessel shall be delivered free of cargo and free of stowaways with her Class maintained without condition/recommendation*, free of average damage affecting the Vessel’s class, and with her classification certificates and national certificates, as well as all other certificates the vessel Vessel has, had at the time of inspection, valid and unextended without condition/recommendation* by the Classification Society or the relevant authorities at the time of delivery.

Appears in 1 contract

Samples: Memorandum of Agreement (Capital Product Partners L.P.)

Condition on delivery. The Vessel with everything belonging to her shall be at the Sellers’ risk and expense until she is delivered to the Buyers, but subject to the terms and conditions of this Agreement she shall be delivered and taken over, otherwise in the same condition over as she was at the time of inspection, fair wear and tear excepted. However, the Vessel shall be delivered free of cargo and free of stowaways with her Class maintained without overdue condition/recommendation*, free of average damage affecting the Vessel’s class, and with her classification certificates and national certificates, as well as all other certificates the vessel Vessel had at the time of inspection, valid and unextended without overdue condition/recommendation* by the Classification Society or the relevant authorities at the time of delivery.

Appears in 1 contract

Samples: Vessel Option Agreement (Exmar Energy Partners LP)

Condition on delivery. The Vessel with everything belonging to her shall be at the Sellers' risk and expense until she is delivered to the Buyers, but subject to the terms and conditions of this Agreement she shall be delivered and taken over, otherwise in the same condition over as she was at the time of inspection, fair wear and tear excepted. However, the Vessel shall be delivered free of cargo and free of stowaways with her Class maintained without condition/recommendation*, free of average damage affecting the Vessel’s 's class, and with her classification certificates and national certificates, as well as all other certificates the vessel Vessel had at the time of inspection, valid and unextended without condition/conditionl recommendation* by the Classification Society or the relevant authorities for three (3) months after at the time Vessel's of deliverydelivery date.

Appears in 1 contract

Samples: Memorandum of Agreement (DryShips Inc.)

Condition on delivery. The Vessel with everything belonging to her shall be at the Sellers' risk and expense until she is delivered to the Buyers, but subject to the terms and conditions of this Agreement she shall be delivered and taken over, otherwise in the same condition over as she was at the time of inspection, fair wear and tear excepted. However, the Vessel shall be delivered free of cargo and free of stowaways with her Class maintained without condition/recommendation*, free of average damage affecting the Vessel’s 's class, and with her classification certificates and national certificates, as well as all other certificates the vessel Vessel had at the time of inspection, valid and unextended without condition/recommendation* by the Classification Society or the relevant authorities at the time of delivery.

Appears in 1 contract

Samples: Loan Agreement (Frontline LTD /)

Condition on delivery. The Vessel with everything belonging to her shall be at the Sellers’ risk and expense until she is delivered to the Buyers, but subject to the terms and conditions of this Agreement she shall be delivered and taken over, otherwise in the same condition over as she was at the time of this Agreement inspection, fair wear and tear excepted. However, the Vessel shall be delivered free of cargo and free of stowaways with her Class maintained without condition/recommendation*, free of average damage affecting the Vessel’s classClass, and with her classification classification, trading, international certificates and national certificates, as well as all other certificates the vessel Vessel had at the time of inspection, clean, valid and unextended without condition/recommendation* by the Classification Society or the relevant authorities at the time of deliverydelivery for a minimum of three (3) months.

Appears in 1 contract

Samples: Memorandum of Agreement (Capital Product Partners L.P.)

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Condition on delivery. The Subject to the Buyers rights under clause 5c, the Vessel with everything belonging to her shall be at the Sellers' risk and expense until she is delivered to the Buyers, but subject to the terms and conditions of this Agreement she shall be delivered and taken over, otherwise in the same condition over as she was at the time of inspection, fair wear and tear excepted. However, the Vessel shall be delivered free of cargo and free of stowaways with her Class class maintained without condition/recommendation*, free of average damage affecting the Vessel’s 's class, and with her classification certificates and national certificates, as well as all other certificates the vessel Vessel had at the time of inspection, valid and unextended without condition/recommendation* by the Classification Society Class or the relevant authorities at the time of delivery.

Appears in 1 contract

Samples: Memorandum of Agreement (Horizon Offshore Inc)

Condition on delivery. The Vessel with everything belonging to her shall be at the Sellers’ risk and expense until she is delivered to the Buyers, but subject to the terms and conditions of this Agreement she shall be delivered and taken over, otherwise in the same condition over as she was at the time of inspection, fair wear and tear excepted. However, the Vessel shall be delivered free of cargo and free of stowaways at her current condition as it appears from the relevant class certificates with her Class class maintained without condition/recommendation*, free of average damage affecting the Vessel’s class, and with her classification certificates and national and international certificates, as well as all other certificates the vessel Vessel had at the time of inspection, valid without condition/recommendation* by the Classification Society or the relevant authorities at the time of delivery.. “

Appears in 1 contract

Samples: Quintana Maritime LTD

Condition on delivery. The Vessel with everything belonging to her shall be at the Sellers’ risk and expense until she is delivered to the Buyers, but subject to the terms and conditions of this Agreement she shall be delivered and taken over, otherwise in the same condition over as she was at the time of inspection, fair wear and tear excepted. However, the Vessel shall be delivered free of cargo and free of stowaways with her Class maintained without condition/recommendation*, free of average damage affecting the Vessel’s classClass, and with her classification certificates and national certificates, as well as all other certificates the vessel Vessel had at the time of inspection, valid and unextended without condition/recommendation* by the Classification Society or the relevant authorities at the time of delivery.

Appears in 1 contract

Samples: Memorandum of Agreement (United Maritime Corp)

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