Common use of GUARANTEED SPEED Clause in Contracts

GUARANTEED SPEED. The SELLER guarantees that the service speed at design draught 16.00 m on even keel and NCR of main engine with 15% sea margin without PTO output shall not be less than 14.5 nautical miles per hour. The service speed shall be verified by corrected trial speed under calm weather (no wind, no wave and no current in accordance with ISO 15016:2015) and deep sea condition. The correction method of the speed shall be as specified in the Specifications.

Appears in 2 contracts

Sources: Shipbuilding Contract (Performance Shipping Inc.), Shipbuilding Contract (Performance Shipping Inc.)