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 3800 metric tons at the summer design draught moulded of 5.50 meters in sea water 1.025 specific gravity. The term, “Deadweight”, as used in this Contract, shall be as defined in the Specification. The actual deadweight of the VESSEL expressed in metric tons shall he based on calculations made by the SELLER 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 the Classification Society Surveyor. Should there he any dispute between the SELLER and the BUYER in such calculations and/or .measurements, the decision of the Classification Society agreed by both parties shall he final.

Appears in 2 contracts

Samples: Aegean Marine Petroleum Network Inc., Aegean Marine Petroleum Network Inc.

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GUARANTEED DEADWEIGHT. The SELLER guarantees that the VESSEL is to have a deadweight of not less than 3800 114,000 metric tons at the summer design draught xxxxxxxxx draft moulded of 5.50 15.00 meters in sea water of 1.025 specific gravity. The term, "Deadweight", as used in this Contract, shall be as defined in the SpecificationSpecifications. The actual deadweight of the VESSEL expressed in metric tons shall he be based on calculations made by the SELLER BUILDER and checked by the BUYER, and all measurements necessary for such calculations shall be performed in the presence of the BUYER’s 's supervisor(s) and the Classification Surveyor or the party authorized by the BUYER and the Classification Society SurveyorBUYER. Should there he be any dispute between the SELLER BUILDER and the BUYER in such calculations and/or .measurementsmeasurements, the decision of the Classification Society agreed by both parties shall he be final. 4/62 Shipbuilding Contract Hull No.H1596

Appears in 1 contract

Samples: Shipbuilding Contract (Performance Shipping Inc.)

GUARANTEED DEADWEIGHT. The SELLER guarantees that the VESSEL is to have a deadweight of not less than 3800 2,400 metric tons at the summer design draught moulded of 5.50 meters 4.20 metres in sea water of 1.025 specific gravity. The term, “Deadweight”, as used in this Contract, shall be have the meaning as defined in the Specification. The actual deadweight of the VESSEL expressed in metric tons shall he be based on calculations made by the SELLER 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 BUYER, and the Classification Society Surveyor. Should there he be any dispute between the SELLER and the BUYER in relation to such calculations and/or .measurementsmeasurements, the decision of the Classification Society agreed by both parties shall he be final.

Appears in 1 contract

Samples: Shipbuilding Contract (Aegean Marine Petroleum Network Inc.)

GUARANTEED DEADWEIGHT. The SELLER guarantees that the VESSEL is to have a deadweight of not less than 3800 114,000 metric tons at the summer design draught xxxxxxxxx draft moulded of 5.50 15.00 meters in sea water of 1.025 specific gravity. The term, "Deadweight", as used in this Contract, shall be as defined in the SpecificationSpecifications. The actual deadweight of the VESSEL expressed in metric tons shall he be based on calculations made by the SELLER BUILDER and checked by the BUYER, and all measurements necessary for such calculations shall be performed in the presence of the BUYER’s 's supervisor(s) and the Classification Surveyor or the party authorized by the BUYER and the Classification Society SurveyorBUYER. Should there he be any dispute between the SELLER BUILDER and the BUYER in such calculations and/or .measurementsmeasurements, the decision of the Classification Society agreed by both parties shall he be final.

Appears in 1 contract

Samples: Shipbuilding Contract (Performance Shipping Inc.)

GUARANTEED DEADWEIGHT. The SELLER guarantees that the VESSEL is to have a deadweight of not less than 3800 114,000 metric tons at the summer design draught xxxxxxxxx draft moulded of 5.50 15.00 meters in sea water of 1.025 specific gravity. The term, "Deadweight", as used in this Contract, shall be as defined in the SpecificationSpecifications. The actual deadweight of the VESSEL expressed in metric tons shall he be based on calculations made by the SELLER BUILDER and checked by the BUYER, and all measurements necessary for such calculations shall be performed in the presence of the BUYER’s 's supervisor(s) and the Classification Surveyor or the party authorized by the BUYER and the Classification Society SurveyorBUYER. Should there he be any dispute between the SELLER BUILDER and the BUYER in such calculations and/or .measurementsmeasurements, the decision of the Classification Society agreed by both parties shall he be final. 4/61 Shipbuilding Contract Hull No.H1597

Appears in 1 contract

Samples: Shipbuilding Contract (Performance Shipping Inc.)

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GUARANTEED DEADWEIGHT. The SELLER guarantees that the VESSEL is to have a deadweight of not less than 3800 5500 metric tons at the summer design draught moulded of 5.50 meters 6.00meters in sea water of 1.025 specific gravity. The term, “Deadweight”, as used in this Contract, shall be as defined in the SpecificationSpecifications. The actual deadweight of the VESSEL expressed in metric tons shall he be based on calculations made by the SELLER 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 the Classification Society Surveyor. Should there he be any dispute between the SELLER BUILDER and the BUYER in such calculations and/or .measurementsmeasurements, the decision of the Classification Society agreed by both parties shall he be final.

Appears in 1 contract

Samples: Shipbuilding Contract (Aegean Marine Petroleum Network Inc.)

GUARANTEED DEADWEIGHT. The SELLER guarantees that the VESSEL is to have a deadweight of not less than 3800 3500 metric tons at the summer design draught moulded of 5.50 meters in sea water of 1.025 specific gravity. The term, “Deadweight”, as used in this Contract, shall be as defined in the SpecificationSpecifications. The actual deadweight of the VESSEL expressed in metric tons shall he be based on calculations made by the SELLER BUILDER and checked by the BUYER, and all measurements necessary for such calculations shall be performed in the presence of the BUYER’s ’S supervisor(s) or the party authorized by the BUYER and the Classification Society Surveyor. Should there he be any dispute between the SELLER BUILDER and the BUYER in such calculations and/or .measurementsmeasurements, the decision of the Classification Society agreed by both parties shall he be final.

Appears in 1 contract

Samples: Form of Shipbuilding Contract (Aegean Marine Petroleum Network Inc.)

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