Common use of Time and Place of Delivery Clause in Contracts

Time and Place of Delivery. The CONTRACTOR shall deliver and release the VESSEL to PURCHASER in to the fairway of Vltava waterway in Prague or other agreed place (the “Delivery Place”). The expenses for deliver and release of the VESSEL in the Delivery Place are included in the Contract Price as per Article 7 of this CONTRACT. The CONTRACTOR shall start building the VESSEL within 1 month from effective date of this CONTRACT. The CONTRACTOR shall deliver and release the VESSEL in the Delivery Place within 19 months (the “Delivery Date”) from effective date of this CONTRACT. The CONTRACTOR shall provide to PURCHASER with the necessary assistance in connection with the deliver and release of the VESSEL for registration the VESSEL in the Czech ship register. The Delivery Date as set out above shall be subject to extension by the cumulative amount of all Permissible Delays as provided for in this CONTRACT. The PURCHASER shall take possession of the VESSEL immediately upon delivery and acceptance. On delivery and release of the VESSEL to the PURCHASER every responsibility for the safety and generally for the condition of the VESSEL is transferred to the PURCHASER, and thereafter all responsibilities on the part of the CONTRACTOR shall cease with the exception of the obligations in Article 4 (d) hereof and with the exception of the guarantee obligations provided for in Article 12 hereof. The delivery of the VESSEL shall include all the essentials to enable operation of the VESSEL. In connection with the delivery of the VESSEL, the CONTRACTOR shall provide training of the VESSEL crew for control, operation and maintenance of the VESSEL in expected range of 5 days. The PURCHASER is entitled to request additional training of its crew on each VESSEL beyond the expected 5 days, if required. The remuneration for each additional day of training shall be set at the same rate as specified by the CONTRACTOR under Article 7 (b) (E) of this CONTRACT.