DRYDOCK. At a minimum, drydock facility shall meet the following criteria:
DRYDOCK. Owner, at its expense, shall drydock, clean and maintain the Vessel’s bottom and propeller, and make all overhaul and other necessary repairs properly to maintain the Vessel(s) in class; maintain the Vessel(s) in compliance with F-2 (Condition) above and the warranties of C-3.1 above, and otherwise to keep the Vessel(s) tight, staunch, and strong, and in thoroughly efficient order and condition. For such purpose of drydock, Charterer shall allow Xxxxxx(s) to proceed to an appropriate port upon 60 days’ prior notice to the Contracting Officer. All towage, pilotage, fuel, gas-freeing if required, water, and other expenses incurred while proceeding to and from drydock shall be for Owner’s account.
DRYDOCK. (d) A First Preferred Ship Mortgage by Borrower granting Lender a preferred ship mortgage and security interest in the Drydock; XXXXXX SHIPYARD
DRYDOCK. On or before March 30, 2002, Borrower agrees to deliver to Lender a first preferred ship mortgage and security interest in the Drydock to secure the payment and performance of the Obligations to be documented upon terms and conditions satisfactory to Lender.
DRYDOCK. 61.1 Dry Docking during a Special Survey
DRYDOCK. Seller shall in connection with the delivery of the ------- Vessel cause the Vessel to be drydocked at a port in Singapore on or about November 1, 1998 (or such other date as shall be agreed to by Seller and Buyer), with completion of inspection (as contemplated by Section 3(c) hereof), repair and improvements (as contemplated by Section 3(e) hereof) to be completed by or on behalf of the Buyer on or about November 11, 1998. The Buyer shall instruct D. X. Xxxxxxxxx xr such other independent marine surveyor to inspect the Vessel as aforesaid and shall pay such fees as may be required for such purpose. The expenses in connection with putting the Vessel in and taking her out of drydock, including drydock dues shall be paid by the Seller. The independent marine surveyor's fees shall be paid by the Buyer. The Buyer shall undertake the inspection without undue delay to the Vessel. Should the Buyer cause such delay, the Buyer shall compensate the Seller for losses thereby incurred. The Buyer shall inspect the Vessel without significant cost to the Seller. During the inspection, the Vessel's log books for engine and deck shall be made available for the Buyer's examination. If the Vessel is accepted after such afloat inspection, the purchase shall, save as set out in this Agreement, become definite provided the Seller receives written or telexed notice from the Buyer within 48 hours after completion of such inspection. Should notice of acceptance of the Vessel not be received by the Seller as aforesaid, the Deposit shall immediately be released, whereafter this Agreement shall ipso facto cease and ---------- determine and neither party shall have any claim against the other for costs, damages, compensation or otherwise.
DRYDOCK. The Purchaser understands that the Vessel's certifications have expired and have not been renewed. The Purchaser understands that the Vessel must be drydocked and that substantial steel replacement, hull and other work will be required in drydock. However, the Seller makes no warranties, express or implied, as to the costs relating to drydocking of the Vessel. The Purchaser agrees to take the Vessel to a drydock of its choice on or before August 15, 2000. The Purchaser agrees to pay for all costs and expenses relating to the repair and drydock of the Vessel. The Parties agree that the Purchaser shall pay the cost of transporting the Vessel to and from drydock regardless of whether the Purchaser elects to terminate this Agreement.
