Common use of DECLARATION OF WARRANTY Clause in Contracts

DECLARATION OF WARRANTY. of the BUILDER that the VESSEL is delivered to the BUYER free and clear of any liens, claims, charges, mortgages or other encumbrances upon the BUYER’S title thereto and, in particular, that the VESSEL is absolutely free of all burdens in the nature of imposts, taxes, or charges imposed by the prefecture or country of the port of delivery, as well as of all liabilities of the BUILDER to its sub-contractors and employees and of all liabilities arising from the construction of the VESSEL or the operation of the VESSEL in trial runs, or otherwise, prior to delivery except as otherwise provided under this CONTRACT.