Common use of Fuel Consumption Clause in Contracts

Fuel Consumption. (a) The Contract Price shall not be affected or changed in case the fuel consumption, as determined by the shop trial as specified in the SPECIFICATIONS , is not more than Five percent (5%) in excess of the guaranteed fuel consumption specified in Paragraph 2 of Article I.

Appears in 7 contracts

Samples: Construction and Sale (Danaos Corp), Construction and Sale (Danaos Corp), Construction and Sale (Danaos Corp)

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Fuel Consumption. (a) The Contract Price shall not be affected or changed in case the actual fuel consumption, as determined by the engine manufacturer’s shop trial (171 g/KWh) as specified in the SPECIFICATIONS Specifications, is not more than Five tolerance margin of five percent (5%) in excess of the guaranteed fuel consumption specified in Paragraph 2 of Article I.Guaranteed Fuel Consumption.

Appears in 4 contracts

Samples: Construction Of (Seaspan CORP), Seaspan CORP, Seaspan CORP

Fuel Consumption. (a) The Contract Price shall not be affected or changed in case the fuel consumption, as determined by the shop trial as specified in the SPECIFICATIONS Specifications, is not more than Five percent (5%) in excess of the guaranteed fuel consumption specified in Paragraph 2 of Article I.

Appears in 2 contracts

Samples: Stolt Nielsen S A, Stolt Nielsen S A

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Fuel Consumption. (a) The Contract Price shall not be affected or changed in case the actual fuel consumption, as determined by the engine manufacturer’s shop trial as specified in the SPECIFICATIONS Specifications, is not more than Five tolerance margin of five percent (5%) in excess of the guaranteed fuel consumption specified in Paragraph 2 of Article I.Guaranteed Fuel Consumption.

Appears in 1 contract

Samples: Danaos Corp

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