Jacking Speed Sample Clauses
The Jacking Speed clause defines the maximum or minimum speed at which a jack-up rig or similar equipment may be raised or lowered during operations. In practice, this clause sets specific operational parameters to ensure that the jacking process is conducted safely and efficiently, often referencing manufacturer guidelines or project-specific requirements. By establishing clear limits on jacking speed, the clause helps prevent equipment damage, reduces the risk of accidents, and ensures compliance with safety standards.
Jacking Speed. If the jacking speed of the Vessel determined in accordance with the Specification is less than the jacking speed stated in Box 17(a)(i), the following shall apply:
(a) There shall be no adjustment of the Contract Price except to the extent provided in Sub-clause 12.1(b).
(b) If the reduction in jacking speed is greater than the deficiency stated in Box 17(a)(ii), then for each whole centimeter per minute in excess of the figure in Box 17(a)(ii) below the jacking speed stated in Box17(a)(i), the Contract Price shall be reduced by the amount stated in Box 17(a)(iii) as liquidated damages up to a maximum amount as stated in Box 17(a)(iv).
(c) If the reduction in jacking speed would entitle the Buyer to a reduction in the Contract Price greater than the maximum amount stated in Box 17(a)(iv), the Builder shall be obliged to rectify the deficiency before the delivery of the Vessel. The time taken to rectify the deficiency and repeat/perform any necessary tests/trials shall not be a Permissible Delay - the Buyer shall have the right to terminate the Contract for delay if/when the conditions in Clause 39(a)(iii) are fulfilled. The Buyer may reject the Vessel as long as the reduction in jacking speed would entitle the Buyer to a reduction in the Contract Price greater than the maximum amount stated in Box 17(a)(iv)).
Jacking Speed. 0.2-1 m/min with reference to 0103 of the SpecificationLifting Capacity of main crane while jacked up: [REDACTED] mts @ [REDACTED] radius with [REDACTED] boom configuration