Common use of Craft Clause in Contracts

Craft. The scope of this Guarantee does not extend to any Craft: • whose Components, which would ordinarily be eligible under this Guarantee, have been customised or modified in any way differently from the manufacturer’s specification, or • which is owned temporarily or otherwise (resulting from trade-in or acquisition for the purposes of resale) by a business formed for the purposes of selling or servicing craft, or used for competition, trial or racing, or • which is used for Charter for a period exceeding 6 weeks in any one calendar year.

Appears in 2 contracts

Sources: Marine Guarantee Agreement, Marine Guarantee Agreement

Craft. The scope of this Guarantee does not extend to any Craft: whose Components, which would ordinarily be eligible under this Guarantee, have been customised or modified in any way differently from the manufacturer’s specification, or which is owned temporarily or otherwise (resulting from trade-in or acquisition for the purposes of resale) by a business formed for the purposes of selling or servicing craft, or used for competition, trial or racing, or which is used for Charter for a period exceeding 6 weeks in any one calendar year.

Appears in 1 contract

Sources: Marine Guarantee Agreement