Common use of Classification, Rules and Regulations Clause in Contracts

Classification, Rules and Regulations. The VESSEL, including its machinery, equipment and out-fittings shall be designed and constructed in accordance with the rules (the edition and amendments thereto being in force as of the date of the Shipbuilding Contract) of NIPPON KAIJI KYOKAI (hereinafter called “NK”) and under special survey of AMERICAN BUREAU OF SHIPPING (hereinafter called the “Classification Society”) and shall be distinguished in the register by the symbol of: ABS Class Notations: +A1, Bulk Carrier, BC-A (holds 2 and 4 may be empty), ESP, (E), +ACCU, +AMS, CPS, CSR, CRC(SC, SP), ENVIRO(I), GRAB [20], IHM, NOx-Tier III, RW, UWILD Decisions of the Classification Society as to compliance or non-compliance with the classification shall be final and binding upon both parties hereto and confirmed with the head office of the Classification Society if required. The VESSEL shall also comply with the rules, regulations and requirements of other regulatory bodies as described in the Specifications in effect as of the date of this Contract. All fees and charges incidental to the classification and with respect to compliance with the above referred rules, regulations and requirements shall be for account of the SELLERS. The VESSEL’s classification status, and all classification and other required certificates hereunder, are to be clean and free of all conditions, recommendations and restrictions whatsoever other than those permitted in the Specifications.

Classification, Rules and Regulations. The VESSEL, including its machinery, equipment and out-fittings shall be designed and constructed in accordance with the rules (the edition and amendments thereto being in force as of the date of the Shipbuilding Contract) of NIPPON KAIJI KYOKAI (hereinafter called “NK”) and under special survey of AMERICAN BUREAU OF SHIPPING NIPPON KAIJI KYOKAI (hereinafter herein called the “Classification Society”) and shall be distinguished in the register by the symbol of: ABS Class NotationsNippon Kaiji Kyokai (NK) Classification Characters : +A1, Bulk CarrierNS*(CSR, BC-A A, BC-XII, GRAB 20, EQ C DG, PSPC-WBT, NC) (holds ESP) (IWS) (HCM-GBS) (NOx-III(SCR)) / MNS* Descriptive Note : Complied with part CSR-B&T of the rules for the Survey and Construction of Steel Ships Strengthened for heavy cargo loading where hold Nos. 2 and & 4 may be emptyempty NOx-III(M/E : SCR), ESP(G/E(Nos.1,2,3) : SCR) Installations Characters : CHG, (E)MPP, +ACCULSA, +AMSRCF, CPSM0, CSRAFS, CRC(SC, SP), ENVIRO(I), GRAB [20], IHM, NOx-Tier III, RW, UWILD BWM Decisions of the Classification Society as to compliance or non-compliance with the classification shall be final and binding upon both parties hereto and confirmed with the head office of the Classification Society if required. The VESSEL shall also comply with the rules, regulations and requirements of other regulatory bodies as described in the Specifications in effect as of the date of this Contract. All fees and charges incidental to the classification and with respect to compliance with the above referred rules, regulations and requirements shall be for account of the SELLERS. The VESSEL’s classification status, and all classification and other required certificates hereunder, are to be clean and free of all conditions, recommendations and restrictions whatsoever other than those permitted in the Specifications.