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SHIPBUILDINGCONTRACT
SHIPBUILDING CONTRACT
FOR
CONSTRUCTION OF
______________________________________
(HULL NO. ______)
BETWEEN
__________________________________________
as BUYER
and
_______________________________________
as SELLER
CONTENTS
ARTICLE Page No.
ARTICLE I DESCRIPTION AND CLASS 2
1. DESCRIPTION 2
2. CLASS AND RULES 2
3. PRINCIPAL PARTICULARS AND DIMENSIONS OF THE VESSEL 2
4. GUARANTEED SPEED 2
5. GUARANTEED FUEL CONSUMPTION 2
6. GUARANTEED DEADWEIGHT 2
7. SUBCONTRACTING: 2
8. REGISTRATION: 2
ARTICLE II CONTRACT PRICE TERMS OF PAYMENT 2
1. CONTRACT PRICE: 2
2. CURRENCY: 2
3. TERMS OF PAYMENT: 2
4. METHOD OF PAYMENT: 2
5. PREPAYMENT: 2
6. SECURITY FOR PAYMENT OF INSTALMENTS BEFORE DELIVERY: 2
7. REFUNDS 2
ARTICLE III ADJUSTMENT OF THE CONTRACT PRICE 2
1. DELIVERY 2
2. INSUFFICIENT SPEED 2
3. EXCESSIVE FUEL CONSUMPTION 2
4. DEADWEIGHT 2
5. EFFECT OF RESCISSION 2
ARTICLE IV SUPERVISION AND INSPECTION 2
1. APPOINTMENT OF THE BUYERS SUPERVISOR 2
2. 2. COMMENTS TO PLANS AND DRAWINGS 2
3. SUPERVISION AND INSPECTION BY THE SUPERVISOR 2
4. LIABILITY OF THE SELLER 2
5. SALARIES AND EXPENSES 2
6. REPLACEMENT OF SUPERVISOR 2
ARTICLE V MODIFICATION, CHANGES AND EXTRAS 2
1. HOW EFFECTED 2
2. CHANGES IN RULES AND REGULATIONS, ETC. 2
3. SUBSTITUTION OF MATERIALS AND/OR EQUIPMENT 2
4. BUYERS SUPPLIED ITEMS 2
ARTICLE VI TRIALS 2
1. NOTICE 2
2. HOW CONDUCTED 2
3. TRIAL LOAD DRAFT 2
4. METHOD OF ACCEPTANCE OR REJECTION 2
5. DISPOSITION OF SURPLUS CONSUMABLE STORES 2
6. EFFECT OF ACCEPTANCE 2
ARTICLE VII DELIVERY 2
1. TIME AND PLACE 2
2. WHEN AND HOW EFFECTED 2
3. DOCUMENTS TO BE DELIVERED TO THE BUYER 2
4. TITLE AND RISK 2
5. REMOVAL OF VESSEL 2
6. TENDER OF THE VESSEL 2
ARTICLE VIII DELAYS EXTENSION OF TIME FOR DELIVERY 2
1. CAUSE OF DELAY 2
2. NOTICE OF DELAY 2
3. RIGHT TO CANCEL FOR EXCESSIVE DELAY 2
4. DEFINITION OF PERMISSIBLE DELAY 2
ARTICLE IX WAR
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