Common use of Fourth Instalment Clause in Contracts

Fourth Instalment. Ten per cent (10%) of the CONTRACT PRICE amounting to U.S. Dollars Nine Million Two Hundred and Seventy Three Thousand Seven Hundred (US$ 9,273,700) shall be paid within three (3) business days after the BUILDER has notified the BUYER by email or facsimile accompanied by a certificate signed by the CLASSIFICATION SOCIETY, stating that the first block of the keel has been laid.

Fourth Instalment. Ten per cent (10%) of the CONTRACT PRICE amounting to U.S. Dollars U.S.Dollars Nine Million Two One Hundred and Seventy Three Fifty Thousand Seven Hundred only (US$ 9,273,7009,150,000-) shall be paid within three (3) business days after of receipt by the BUYER of a facsimiled advice from the BUILDER has notified the BUYER by email or facsimile accompanied by a certificate signed by the CLASSIFICATION SOCIETY, stating that the first block launching of the keel VESSEL has been laidcompleted.

Fourth Instalment. Ten per cent (10%) of the CONTRACT PRICE amounting to U.S. Dollars Nine Million Two Hundred and Seventy Three Thousand Seven Hundred Thirty Thousand (US$ 9,273,7009,730,000) shall be paid within three (3) business days after the BUILDER has notified the BUYER by email or facsimile accompanied by a certificate signed by the CLASSIFICATION SOCIETY, stating that the first block of the keel has been laid.

Fourth Instalment. Ten per cent (10%) of the CONTRACT PRICE amounting to U.S. Dollars Nine Million Two Hundred and Seventy Three Thousand Seven Hundred XXXXXXXX XXXXXXXX XXXX XXXXXXX XXXXX XXXXXXXX (US$ 9,273,700XXXXXXXXXX) shall be paid within three (3) business days after the BUILDER has notified the BUYER by email or facsimile accompanied by a certificate signed by the CLASSIFICATION SOCIETY, stating that the first block of the keel has been laid.