GUARANTEED SPEED. The SELLER guarantees that the trial speed, after corrected as stipulated in the Specifications, is to be not less than 14.5 knots (hereinafter called the “Guaranteed Speed”), i.e. at design draft of 11.0 meters and at NCR of the main engine, with 15% sea margin at the conditions of clean bottom in deep sea and calm weather with no wind, no wave, no swell and no current. The trial speed shall be corrected for wave/swell/current, wind and shallow water effect. The correction method of the speed shall be as specified in the Specifications.
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Sources: Shipbuilding Contract (Top Ships Inc.), Shipbuilding Contract (Top Ships Inc.), Shipbuilding Contract (Top Ships Inc.)