Common use of GUARANTEE OF MATERIAL AND WORKMANSHIP Clause in Contracts

GUARANTEE OF MATERIAL AND WORKMANSHIP. Subject to the provisions hereinafter set out, the SELLER hereby give a warranty against, and undertake to remedy or replace, free of charge to BUYER, any defects in the VESSEL, which are due to defective material and/or improper workmanship and/or faulty design or construction and/or miscalculation on the part of SELLER and/or its subcontractors and/or its employees and/or its agents or any other improper acts or omissions on the part of the SELLER and/or its subcontractors, provided that the defects shall have been discovered during a period of twelve (12) months after the actual Delivery Date (the “Warranty Period”) and provided that notice thereof shall have been duly given to SELLER as prescribed below. For the purpose of this Article, the VESSEL shall include, but are not limited to, her hull, machinery, engine, equipment and all parts and gear manufactured or furnished or supplied by the SELLER and/or the SELLER’s subcontractors, but excludes any parts for the VESSEL which have been supplied by the BUYER.

Appears in 3 contracts

Sources: Shipbuilding Contract (Paragon Shipping Inc.), Shipbuilding Contract (Paragon Shipping Inc.), Shipbuilding Contract (Paragon Shipping Inc.)