Common use of GUARANTEED DEADWEIGHT Clause in Contracts

GUARANTEED DEADWEIGHT. The SELLER guarantees that the VESSEL is to have a deadweight of not less than 81,800 metric tons (the “Guaranteed Deadweight”) at the sxxxxxxxx draft moulded of 14.45 m in sea water of 1.025 specific gravity. The term, "Deadweight", as used in this Contract, shall be as defined in the Specifications. The actual deadweight of the VESSEL expressed in metric tons shall be based on calculations made by the BUILDER and checked by the BUYER and all measurements necessary for such calculations shall be performed in the presence of the BUYER’s Supervisor(s) or the party authorized by the BUYER and Classification Society’s Surveyor(s). Should there be any dispute between the BUILDER and the BUYER in connection with such calculations and/or measurements, the decision of the Classification Society shall be final and binding upon both parties.

Appears in 3 contracts

Samples: Shipbuilding Contract (Paragon Shipping Inc.), Shipbuilding Contract (Paragon Shipping Inc.), Shipbuilding Contract (Paragon Shipping Inc.)

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GUARANTEED DEADWEIGHT. The SELLER guarantees that the VESSEL is to have a total deadweight tonnage of not less than 81,800 about 209,800 metric tons (the “Guaranteed Deadweight”) at the sxxxxxxxx draft moulded of 14.45 m 18.48 meters in sea water seawater of 1.025 specific gravitygravity (hereinafter called the “Guaranteed Deadweight”). The term, "Deadweight", as used in this Contract, shall be as defined in the Specifications. The actual deadweight of the VESSEL expressed in metric tons shall be based on calculations made by the BUILDER and checked by the BUYER BUYER, and all measurements necessary for such calculations shall be performed in the presence of the BUYER’s Supervisor(ssupervisors) or the party representative(s) authorized by the BUYER and Classification Society’s Surveyor(s)BUYER. Should there be any dispute between the BUILDER and the BUYER in connection with such calculations and/or measurements, the decision of the Classification Society shall be final and binding upon both partiesthe parties hereto.

Appears in 2 contracts

Samples: Contract (Himalaya Shipping Ltd.), Contract (Himalaya Shipping Ltd.)

GUARANTEED DEADWEIGHT. The SELLER guarantees that the VESSEL is to have a total deadweight tonnage of not less than 81,800 about 209,650 metric tons (the “Guaranteed Deadweight”) at the sxxxxxxxx draft moulded of 14.45 m 18.48 meters in sea water seawater of 1.025 specific gravitygravity (hereinafter called the “Guaranteed Deadweight”). The term, "Deadweight", as used in this Contract, shall be as defined in the Specifications. The actual deadweight of the VESSEL expressed in metric tons shall be based on calculations made by the BUILDER and checked by the BUYER BUYER, and all measurements necessary for such calculations shall be performed in the presence of the BUYER’s Supervisor(ssupervisor(s) or the party representative(s) authorized by the BUYER and Classification Society’s Surveyor(s)BUYER. Should there be any dispute between the BUILDER and the BUYER in connection with such calculations and/or measurements, the decision of the Classification Society shall be final and binding upon both partiesthe parties hereto.

Appears in 2 contracts

Samples: Contract (Himalaya Shipping Ltd.), Contract (Himalaya Shipping Ltd.)

GUARANTEED DEADWEIGHT. The SELLER BUILDER guarantees that the VESSEL is to have a deadweight of not less than 81,800 176,000 metric tons (the “Guaranteed Deadweight”) at the sxxxxxxxx draft moulded even keel of 14.45 m 18.25 meters in sea water of 1.025 specific gravity. The term, "Deadweight", as used in this Contract, shall be as defined in the Specifications. The actual deadweight of the VESSEL expressed in metric tons shall be based on calculations made by the BUILDER and checked by the BUYER and the Classification Society, and all measurements necessary for such calculations shall be performed in the presence of the BUYER’s Supervisor(sREPRESENTATIVE(s) or the party authorized by the BUYER and the Classification Society’s Surveyor(s). Should there be any dispute between the BUILDER and the BUYER in connection with such calculations and/or measurements, the decision of the Classification Society shall be final and binding upon both partieson the Parties hereto.

Appears in 1 contract

Samples: Shipbuilding Contract (Safe Bulkers, Inc.)

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GUARANTEED DEADWEIGHT. The SELLER BUILDER guarantees that the VESSEL is to have a deadweight of not less than 81,800 176,000 metric tons (the “Guaranteed Deadweight”) at the sxxxxxxxx xxxxxxxxx draft moulded even keel of 14.45 m 18.25 meters in sea water of 1.025 specific gravity. The term, "Deadweight", as used in this Contract, shall be as defined in the Specifications. The actual deadweight of the VESSEL expressed in metric tons shall be based on calculations made by the BUILDER and checked by the BUYER and the Classification Society, and all measurements necessary for such calculations shall be performed in the presence of the BUYER’s Supervisor(sREPRESENTATIVE(s) or the party authorized by the BUYER and the Classification Society’s Surveyor(s). Should there be any dispute between the BUILDER and the BUYER in connection with such calculations and/or measurements, the decision of the Classification Society shall be final and binding upon both partieson the Parties hereto.

Appears in 1 contract

Samples: Shipbuilding Contract (Safe Bulkers, Inc.)

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