Deficiency in Bollard Pull Sample Clauses
The 'Deficiency in Bollard Pull' clause defines the procedures and consequences if a vessel's actual bollard pull falls short of the contractual requirements. Typically, this clause outlines the steps for verifying the vessel's bollard pull through testing and specifies remedies such as performance adjustments, penalties, or even contract termination if the deficiency is confirmed. Its core practical function is to ensure that the vessel meets the necessary power standards for safe and effective operation, thereby protecting the interests of the charterer or client and allocating risk in cases of underperformance.
Deficiency in Bollard Pull. If the Vessel Bollard Pull as per Art 3.1., to be obtained in correspondence to 100% of max. continuous power on each propeller contemporarily, is not achieved, FINC will pay as liquidated damages to the Owner as follows: — for each full ton reduction up to 184 tons: no damages; — for each full ton reduction in the bollard pull from 184 to 180 achieved tons, a liquidated damages of Euro 30.000,00 (thirtythousand). If the deficiency in bollard pull is more than 8 (eight) tons, the Owner may resolve the Contract.
Deficiency in Bollard Pull. Builder has no liabilities related to Bollard pull deficiencies, however if the Bollard Pull deficiency is caused by a defect for which the Builder has the risk pursuant to the preamble of this Contract, the Builder shall be obliged to rectify such defects as set out in Article X.