Common use of NATIONALITY OF THE VESSEL Clause in Contracts

NATIONALITY OF THE VESSEL. The VESSEL shall be registered by the BUYER at its own cost and expense under the laws of the Xxxxxxxx Islands with its home port of Majuro at the time of its delivery and acceptance hereunder. However, the BUYER shall have the right by notifying the BUILDER within two (2) months of the date of this CONTRACT and at no additional cost to the BUYER, to elect the register the VESSEL (at the BUYER's own cost and expense) under the laws of Hong Kong at the time of its delivery and acceptance hereunder. (End of Article)

Appears in 6 contracts

Samples: Shipbuilding Contract (DHT Holdings, Inc.), Shipbuilding Contract (DHT Holdings, Inc.), Shipbuilding Contract (DHT Holdings, Inc.)

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NATIONALITY OF THE VESSEL. The VESSEL shall be registered by the BUYER at its own cost and expense under the laws of the Xxxxxxxx Islands with its home port of Majuro at the time of its delivery and acceptance hereunder. However, the BUYER shall have the right by notifying the BUILDER within two (2) months of the date of this CONTRACT and at no additional cost to the BUYER, to elect the register the VESSEL (at the BUYER's own cost and expense) under the laws of Hong Kong at the time of its delivery and acceptance hereunder. (End of Article)) Hull 2749

Appears in 2 contracts

Samples: Shipbuilding Contract (DHT Holdings, Inc.), Shipbuilding Contract (DHT Holdings, Inc.)

NATIONALITY OF THE VESSEL. The VESSEL shall be registered by the BUYER at its own cost and expense under the laws of the Xxxxxxxx Mxxxxxxx Islands with its home port of Majuro at the time of its delivery and acceptance hereunder. However, the BUYER shall have the right by notifying the BUILDER within two (2) months of the date of this CONTRACT and at no additional cost to the BUYER, to elect the register the VESSEL (at the BUYER's own cost and expense) under the laws of Hong Kong at the time of its delivery and acceptance hereunder. (End of Article)

Appears in 1 contract

Samples: Shipbuilding Contract (DHT Holdings, Inc.)

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NATIONALITY OF THE VESSEL. The VESSEL shall be registered by the BUYER at its own cost and expense under the laws of the Xxxxxxxx Islands with its home port of Majuro at the time of its delivery and acceptance hereunder. However, the BUYER shall have the right by notifying the BUILDER within two (2) months of the date of this CONTRACT and at no additional cost to the BUYER, to elect the register the VESSEL (at the BUYER's ’s own cost and expense) under the laws of Hong Kong at the time of its delivery and acceptance hereunder. (End of Article)

Appears in 1 contract

Samples: Shipbuilding Contract (DHT Holdings, Inc.)

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