INSUFFICIENT SPEED. (a) The Original Contract Price of the VESSEL shall not be affected nor changed by reason of the actual speed (as determined by the Trial Run after correction according to the Specifications) being less than three tenths (3/10) of one knot below the Guaranteed Speed at xxxxxxxxx draft as specified in Paragraph 4 of ARTICLE I of this Contract.
Appears in 4 contracts
Samples: Shipbuilding Contract (Baltic Trading LTD), Shipbuilding Contract (Baltic Trading LTD), Shipbuilding Contract (Baltic Trading LTD)
INSUFFICIENT SPEED. (a) The Original Contract Price of the VESSEL shall not be affected nor changed by reason of the actual speed (as determined by the Trial Run after correction according to the Specifications) being less than three tenths (3/10) of one knot below the Guaranteed Speed at xxxxxxxxx draft guaranteed speed as specified in Paragraph 4 of ARTICLE Article I of this Contract.
Appears in 3 contracts
Samples: Shipbuilding Contract (Performance Shipping Inc.), Shipbuilding (Scorpio Bulkers Inc.), Shipbuilding Contract (Scorpio Bulkers Inc.)
INSUFFICIENT SPEED. (a) The Original Contract Price of the VESSEL shall not be affected nor changed by reason of the actual speed (as determined by the Trial Run after correction according to the Specifications) being less than three tenths (3/10) of one (1) knot below the Guaranteed Speed at xxxxxxxxx draft as specified in Paragraph 4 of ARTICLE Article I of this Contract.
Appears in 3 contracts
Samples: Shipbuilding Contract (Paragon Shipping Inc.), Shipbuilding Contract (Paragon Shipping Inc.), Shipbuilding Contract (Paragon Shipping Inc.)
INSUFFICIENT SPEED. (a) The Original Contract Price of the VESSEL shall not be affected nor changed by reason of the actual speed (as described in detail in the Specifications and as determined by the Trial Run after correction according to the Specifications) being equal to or less than three three-tenths (3/10) of one knot below the Guaranteed Speed at xxxxxxxxx draft guaranteed speed as specified in Paragraph 4 of ARTICLE Article I of this Contract.
Appears in 2 contracts
Samples: Aegean Marine Petroleum Network Inc., Aegean Marine Petroleum Network Inc.
INSUFFICIENT SPEED. (a) The Original Contract Price of the VESSEL shall not be affected nor changed by reason of the actual speed (as described in detail in the Specifications and as determined by the Trial Run after correction according to the Specifications) being equal to or less than three three-tenths (3/10) of one knot below the Guaranteed Speed at xxxxxxxxx draft guaranteed speed as specified in Paragraph 4 of ARTICLE I Article 1 of this Contract.
Appears in 2 contracts
Samples: Shipbuilding Contract (Aegean Marine Petroleum Network Inc.), Form of Shipbuilding Contract (Aegean Marine Petroleum Network Inc.)
INSUFFICIENT SPEED. (a) The Original Contract Price of the VESSEL shall not be affected nor or changed by reason of a deficiency in the actual speed (of the Vessel, as determined by on the Trial Run after correction according to the Specifications) basis of trial run, being less than three Three-tenths (3/10) of one One (1) knot below the Guaranteed Speed guaranteed peed of the Vessel at xxxxxxxxx the designed draft in the conditions as specified set out in Paragraph 4 of ARTICLE I of this Contractthe Specifications.
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INSUFFICIENT SPEED. (ai) The Original Contract Price of the VESSEL shall not be affected nor effected or changed by reason of the actual speed (speed, as determined by the Trial Run after correction according to the Specifications) trial runs, being less than three tenths (3/10) ___ of one knot below the Guaranteed Speed at xxxxxxxxx draft as specified in Paragraph 4 of ARTICLE I guaranteed speed required under the terms of this Contract.
Appears in 1 contract
Samples: Master Shipbuilding Contract (American Classic Voyages Co)
INSUFFICIENT SPEED. (a) The Original Contract Price of the VESSEL shall not be affected nor changed by reason of the actual speed (as determined by the Trial Run after correction according to the Specifications) being equal to or less than three three-tenths (3/10) of one knot below the Guaranteed Speed at xxxxxxxxx draft guaranteed speed as specified in Paragraph 4 of ARTICLE I Article 1 of this Contract.
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INSUFFICIENT SPEED. (a) The Original Contract Price of the VESSEL shall not be affected nor changed by reason of the actual speed (as determined by the Trial Run after correction according to the Specifications) being less than three four point five tenths (3/100.45) of one knot below the Guaranteed Speed at xxxxxxxxx draft guaranteed speed as specified in Paragraph 4 of ARTICLE Article I of this Contract.
Appears in 1 contract
