Common use of Return of Buyer’s Supplies Clause in Contracts

Return of Buyer’s Supplies. Where under any provision of this Contract Builder shall be required either to refund the value of or to return Buyer’s Supplies to Buyer, then Builder shall lawfully discharge any such obligation by returning the Buyer’s Supplies in question FOB Okpo or, in Builder’s option by paying to Buyer the invoiced cost to Buyer of such supplies CIF Okpo.

Appears in 6 contracts

Samples: Shipbuilding Contract (Gener8 Maritime, Inc.), Shipbuilding Contract (Gener8 Maritime, Inc.), Construction and Sale (Gener8 Maritime, Inc.)

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Return of Buyer’s Supplies. Where under any provision of this Contract Builder shall be required either to refund the value of or to return Buyer’s Supplies to Buyer, then Builder shall lawfully discharge any such obligation by returning the Buyer’s Supplies in question FOB Okpo Mokpo to the address to be advised by the Buyer or, in Builder’s option by paying to Buyer the invoiced cost to Buyer of such supplies CIF OkpoMokpo including transportation costs.

Appears in 1 contract

Samples: Shipbuilding Contract (Scorpio Bulkers Inc.)

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