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Hull No. 21110019 Building Contract NovationDated17May2021CHINA SHIPBUILDING TRADING COMPANY LIMITED and GUANGZHOU SHIPYARD INTERNATIONAL COMPANY LIMITED Jointly as Seller AND CONGLOMERATE MARITIME

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How to fill out shipbuilding contract for construction

01

Identify the parties involved in the contract (buyer and seller)

02

Specify the details of the ship to be constructed, including dimensions, materials, design, and any special requirements

03

Outline the payment terms, including the total cost, payment schedule, and any penalties for late payment

04

Include provisions for inspection and acceptance of the completed ship, as well as any warranties or guarantees

05

Address any disputes or claims resolution procedures, including mediation or arbitration

06

Clearly define the responsibilities of each party, including who is responsible for providing materials, labor, and equipment

07

Consider including clauses for unforeseen circumstances or changes to the construction schedule

08

Have the contract reviewed by legal counsel to ensure compliance with relevant laws and regulations

Who needs shipbuilding contract for construction?

01

Shipyards or shipbuilders who are constructing a ship for a buyer

02

Buyers of ships who are having a ship custom-built to their specifications

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What is shipbuilding contract for construction?

A shipbuilding contract for construction is a legal agreement between a buyer and a shipyard for the construction of a new ship.

Who is required to file shipbuilding contract for construction?

The shipyard or the party responsible for the construction of the ship is required to file the shipbuilding contract for construction.

How to fill out shipbuilding contract for construction?

The shipbuilding contract for construction can be filled out by including all relevant details of the agreement such as the parties involved, specifications of the ship, payment terms, delivery date, etc.

What is the purpose of shipbuilding contract for construction?

The purpose of a shipbuilding contract for construction is to outline the terms and conditions of the agreement between the buyer and the shipyard, ensuring that both parties are aware of their obligations.

What information must be reported on shipbuilding contract for construction?

The shipbuilding contract for construction must include details such as the names and addresses of the parties, description of the ship, payment schedule, delivery date, warranties, and any additional terms and conditions.

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