Shipbuilding Contracts definition

Shipbuilding Contracts means together, Ship A Shipbuilding Contract and Ship B Shipbuilding Contract and, in the singular, means either of them;

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Shipbuilding Contracts means (i) the contracts, as novated and amended, each dated April 6, 2010, pursuant to which one of the Shipbuilders will build and deliver to nominated subsidiaries the nine vessels, including seven MR2 product tankers and two chemical tankers, (ii) the two contracts, each dated April 6 2010, pursuant to which the other Shipbuilder will build and deliver to nominated subsidiaries two LR1 product tankers, and (iii) the two option contracts, each dated April 6, 2010, to purchase two additional LR1 product tankers.

Shipbuilding Contracts means any or all, as the case may be, of the shipbuilding contracts entered into between the applicable Borrower and the applicable Yard regarding the construction of the Collateral Vessels.

Examples of Shipbuilding Contracts in a sentence

• The Borrowers must pay all stamp, documentary, registration or other like duties or taxes (including any duties or taxes payable by the Bank) imposed on or in connection with any of the Shipbuilding Contracts, the Management Agreements, the Security Documents or the Loan and agree to indemnify the Bank against any liability arising by reason of any delay or omission by either Borrower to pay such duties or taxes.

• After the completion of the sea trial, the Consultant shall obtain the Builder’s notice in writing of the same within the number of days stated in the Shipbuilding Contract(s) and, after the Consultant’s verification of the result, immediately notify the result to the Owner with the Consultant’s opinion as to whether or not the Vessel(s) conform to the specifications and performance criteria in accordance with the Shipbuilding Contract(s).

• The Sellers shall make best efforts to have any remaining warranty rights against the shipyard and makers of equipment under the relevant Shipbuilding Contracts assigned to the Buyers.

• In furtherance of the foregoing, Scorpio agrees that it will continue to use its commercially reasonable best efforts to, as promptly as practicable following the Closing and without further consideration, effect the novation of the DSME Shipbuilding Contracts.

• The Consultant shall obtain such notice as is provided for in the Shipbuilding Contract(s) of the time and place of the sea trial of the Vessel(s) and notify such notice immediately to the Owner and to the classification society.

More Definitions of Shipbuilding Contracts

Shipbuilding Contracts means the Shipbuilding contracts entered into between the Guarantor as buyer and the Yard as builder for the construction of the Vessels.

Shipbuilding Contracts means, individually or collectively, as the context may require, the Bossa Nova Shipbuilding Contract and the Sertanejo Shipbuilding Contract.

Shipbuilding Contracts means those certain contracts for the construction and sale of each Vessel, each dated November 11, 2009, by and between the Borrower and the Builder relating to the Vessels;

Shipbuilding Contracts means the shipbuilding contracts in respect of the Vessels, all dated 15 May 2102 and entered into between Blue Ship Invest AS as buyer and Ulstein Verfts AS as yard.

Shipbuilding Contracts means Shipbuilding Contract (1688) and Shipbuilding Contract (1689) and “Shipbuilding Contract” means either of them.

Shipbuilding Contracts means, together, the Atrotos Shipbuilding Contract, the Akeraios Shipbuilding Contract, the Anemos I Shipbuilding Contract, the Apostolos Shipbuilding Contract, the ▇▇▇▇▇▇▇▇▇▇ ▇▇ Shipbuilding Contract, the Aristotelis Shipbuilding Contract and the ▇▇▇▇ ▇▇ Shipbuilding Contract and in the singular means any of them;

Shipbuilding Contracts means, together, all or any of them;