Disposition of Surplus Consumable Stores Clause Samples

Disposition of Surplus Consumable Stores. Any fuel oil or other furnished and paid for by the BUILDER for trial runs remaining on board the VESSEL, at the time of acceptance of the VESSEL by the BUYER, shall be bought by the BUYER from the BUILDER at the BUILDER’s purchase price for such supply in Korea and the payment by the BUYER thereof shall be made at the time of delivery of the VESSEL. The BUILDER shall pay the BUYER at the time of delivery of the VESSEL an amount for the consumed quantity until delivery of any lubricating oil and greases which were furnished and paid for by the BUYER at the BUYER’s purchase price thereof. For avoidance of doubt, the practice of this Article VI. 6 shall follow the practice in construction of the BUILDER’s Hull Nos. 1639 and 1640. (End of Article)

Disposition of Surplus Consumable Stores. Should any fuel oil, fresh water or other consumable stores furnished by the BUILDER for the trial run remain on board the VESSEL at the time of acceptance thereof by the BUYER, the BUYER agrees to buy the same from the SELLERS at the original purchase price thereof, and payment by the BUYER shall be effected upon delivery of the VESSEL.

Disposition of Surplus Consumable Stores. Any fuel oil furnished and paid for by the BUILDER for sea trial remaining on board including in systems and pipes of the DRILLSHIP, at the time of acceptance of the DRILLSHIP by the BUYER, shall be bought by the BUYER from the BUILDER at the BUILDER'S purchase price for such supply in Korea and payment by the BUYER thereof shall be made at the time of delivery of the DRILLSHIP. The BUILDER shall pay the BUYER at the time of delivery of the DRILLSHIP an amount for the consumed quantity during sea trial of any lubricating oil and greases which were furnished and paid for by the BUYER, if any, at the BUYER'S purchase price thereof.

Disposition of Surplus Consumable Stores. Should any fresh water or other consumable stores furnished by the BUILDER for the trial run remain on board the VESSEL at the time of acceptance thereof by the BUYER, the BUYER agrees to buy the same from the BUILDER at the original purchase price thereof, and payment by the BUYER shall be effected upon delivery of the VESSEL.

Disposition of Surplus Consumable Stores. Should any consumable stores furnished by the BUILDER for the Tests and Trials remain on board the VESSEL at the time of acceptance thereof by the BUYER, the BUYER agrees to buy the same from the BUILDER at the original documented purchase price thereof, and payment by the BUYER shall be effected within thirty (30) days of receipt from BUILDER of an invoice and supporting documentation therefore.

Disposition of Surplus Consumable Stores. Any fuel oil, lubrication oil, in drums/tanks or other unbroached greases or system lines (i.e. framo system lines, ect.) and consumable stores furnished and paid for by the Builder for trial runs remaining on board the Vessel at the time of acceptance of the Vessel by the Buyer shall be bought by the Buyer from the Builder at the Builder’s actual invoice price for such supply in Korea and payment by the Buyer thereof shall be made at the time of delivery of the Vessel. The Buyers and Builders representatives shall jointly measure and agree quantities of lubricating, hydraulic and fuel oils remaining in storage tanks and unbroached drums or system lines (i.e. framo system lines, etc.). The Builder shall pay the Buyer at the time of delivery of the Vessel an amount for the consumed quantity during trial run of any lubricating oil and greases which were furnished and paid for by the Buyer at the Buyer’s purchase price thereof. In measuring the consumed quantity, lubricating oils and greases remaining in the main engine, other machinery and ▇▇▇▇▇ tube, shall be excluded.

Disposition of Surplus Consumable Stores. (a) Any fuel oil, lubricating oil and greases furnished and paid for by the SELLER for trial runs remaining on the VESSEL, at the time of acceptance of the VESSEL by the BUYER, shall be bought by the BUYER from the SELLER at the SELLER’s net purchase price for such supply in China and the payment by the BUYER thereof shall be made at the time of delivery of the VESSEL. (b) If any of the consumables under (a) above are furnished by the BUYER, SELLER shall pay at time of delivery for quantities consumed until delivery at BUYER’s net purchase price. (end of Article)

Disposition of Surplus Consumable Stores. Any fuel oil, unused lubricating oil, grease, fresh water or other consumable stores furnished by the Builder for the sea trial, remaining onboard the Vessel at the time of delivery shall be purchased by the Buyer from the Builder at the original net purchase price thereof (Builder to provide supporting invoices), and payment therefore shall be effected by the Buyer on Delivery and Acceptance of the Vessel.

Disposition of Surplus Consumable Stores. Should any amount of fuel oil, fresh water, or other unbroached consumable stores furnished by the BUILDERS for the Trial Run or Trial Runs remain on board the VESSEL at the time of acceptance thereof by the BUYER, the BUYER agrees to buy the same from the SELLER at the SELLER’s actual purchase price for such supply, and payment by the BUYER shall be effected as provided in Article II 3 (d) and 4 (d) of this Contract. The BUYER shall supply lubricating oil and hydraulic oil for the purpose of Trial Runs at its own expenses and the SELLER will reimburse for the amount of lubricating oil and hydraulic oil actually consumed for the said Trial Run or Trial Runs at the original price incurred by the BUYER and payment by the SELLER shall be effected as provided in Article II 3 (d) and 4 (d) of this Contract against invoices provided by the BUYER.