ADJUSTMENT OF CONTRACT PRICE. Increase or decrease of the Contract Price, if any, due to adjustments thereof made in accordance with the provisions of this Contract, shall be adjusted by way of addition to or subtraction from the Contract Price upon delivery and acceptance of the VESSEL in the manner as hereinafter provided.
Appears in 7 contracts
Sources: Construction Contract, Construction Contract (Danaos Corp), Construction Contract (Danaos Corp)
ADJUSTMENT OF CONTRACT PRICE. Increase or decrease of the Contract Price, if any, due to adjustments thereof made in accordance with the provisions of this Contract, Contract shall be adjusted by way of addition to or subtraction from the Contract Price upon delivery and acceptance of the VESSEL in the manner as hereinafter provided.
Appears in 3 contracts
Sources: Ship Building Contract (Danaos Corp), Contract for Construction and Sale of Vessel (R&b Falcon Corp), Construction Contract (R&b Falcon Corp)
ADJUSTMENT OF CONTRACT PRICE. Increase or decrease Adjustment of the Contract Price, if any, due to adjustments thereof made in accordance with the provisions of this Contract, Contract shall be adjusted made by way of addition to or subtraction from the Contract Price instalment due and payable upon delivery and acceptance of the VESSEL VESSEL, or if this instalment or others will not suffice, from the respective instalment prior thereto, in the manner as hereinafter provided.
Appears in 2 contracts
Sources: Shipbuilding Contract (Safe Bulkers, Inc.), Shipbuilding Contract (Safe Bulkers, Inc.)
ADJUSTMENT OF CONTRACT PRICE. Increase or decrease of the Contract Price, if any, due to adjustments thereof made in accordance with the provisions of this Contract, shall be adjusted by way of addition to or subtraction from the Contract Price upon delivery and acceptance of the VESSEL in the manner as hereinafter provided.
Appears in 2 contracts
Sources: Shipbuilding and Construction Agreement (Stolt Nielsen S A), Shipbuilding and Construction Agreement (Stolt Nielsen S A)
ADJUSTMENT OF CONTRACT PRICE. Increase or decrease of the Contract Price, if any, due to adjustments thereof made in accordance with the provisions of this Contract, Contract shall be adjusted by way of addition to or subtraction from the Contract Price upon delivery and acceptance of the VESSEL DRILLSHIP in the manner as hereinafter provided.
Appears in 1 contract
Sources: Contract for Construction and Sale of a Drilling Ship (R&b Falcon Corp)