Risk and Insurance. (a) Until Delivery and Acceptance, the Builder bears the risk of loss of or damage to the Vessel, materials, parts, machinery, boilers and equipment.
Appears in 4 contracts
Samples: Contract (Petroleum Geo Services Asa), Petroleum Geo Services Asa, Trico Marine Services Inc
Risk and Insurance. (a) Until Delivery and Acceptance, the Builder bears the risk of loss of or damage to the Vessel, materials, parts, machinery, boilers and equipment, excluding the Buyer’s Supplies.
Appears in 3 contracts
Samples: Shipbuilding Contract (Lindblad Expeditions Holdings, Inc.), Option Agreement (Lindblad Expeditions Holdings, Inc.), Option Agreement (Lindblad Expeditions Holdings, Inc.)
Risk and Insurance. (a) Until Delivery and Acceptance, the Builder bears the risk of loss of or damage to the Vessel, materials, parts, machinery, boilers machinery and equipment.
Appears in 1 contract
Samples: Draft Contract
