SHIPBUILDING CONTRACT FOR CONSTRUCTION OF ONE (HULL NO. ) BETWEEN as BUYER and SHIPYARD as SELLER SHIPBUILDING CONTRACT FOR CONSTRUCTION OF ONE DEADWEIGHT (HULL NO. ) This CONTRACT, entered into this day of by and between , a corporation organized and existing under the Laws of , having its registered office at (hereinafter called the "Buyer" ) on one part; and Shipyard, a corporation organized and existing under the Laws of People’s Republic of China, having its registered office at , the People’s Republic of China (hereinafter called the "Seller") WITNESSES In consideration of the mutual covenants contained herein, the Seller agrees to build, launch, equip and complete at the Seller’s Shipyard and to sell and deliver to the Buyer after completion and successful trial one (1) Vessel as more fully described in Article I hereof, to be registered under the flag of and the Buyer agrees to purchase and take delivery of the aforesaid Vessel from the Seller and to pay for the same in accordance with the terms and conditions hereinafter set forth. ARTICLE I DESCRIPTION AND CLASS 1. DESCRIPTION: The Vessel is a metric tons deadweight, at designed draft of meters (hereinafter called the "Vessel") of the class described below. The Vessel shall have the Seller’s Hull No. and shall be constructed, equipped and completed in accordance with the following "Specifications": (1)Specification (Drawing No. ) (2)General Arrangement (Drawing No. ) (3)Midship Section (Drawing No. ) (4)Makers list (Drawing No. ) Attached hereto and signed by each of the parties to the Contract (hereinafter collectively called the "Specifications"), making an integral part hereof. 2. CLASS AND RULES The Vessel, including its machin...
