YACHT BUILD AGREEMENT.docx

YACHT BUILD AGREEMENT.docx

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YACHTBUILDAGREEMENT

YACHTBUILDAGREEMENT

　　dated：

______________________

　　between 

　　______‘syachtcompanylimited，hongkong.（hereinafterreferredtoas“thebuilder”）

　　and 

　　bbbcc，vietnam，（hereinafterreferredtoas“thebuyer”）

　　whereas：

　　1）thebuyerwishestoacquireaaaa‘scape65trawleryacht（theyacht）designedbythanoscondylis，andbuilttothebuyer’sstatedrequirementsandspecification，andthebuilderhasthecapability，knowledgeandskillstobuildandsupplythesame.

　　2）thebuilderhasagreedtoconstruct，equip，fit-out，testanddelivertheyachttothebuyer‘sstatedrequirementsandspecification，whichthebuyerhasagreedtoacceptuponthetermsandconditionshereinafterspecified：

　　nowthereforethepartiesheretohaveagreedanddoherebyagreeasfollows：

　　articlei-interpretation

　　1）inthiscontractthefollowingwordsandexpressionsshallhavethemeaningherebyascribedtothem，exceptwherethecontextotherwiseadmitsorrequires：

　　“bankingdays”shallmeandaysuponwhichhongkongclearingbanksarecustomarilyopenforbusiness.

　　“thebuilder‘sclarifications”shallmeanthedocumentssoentitledformingpartofthiscontractandsetoutasannexeshereto；（seealsoitem

（2）ofthisarticle.）

　　“buyer‘srepresentative（s）”shallmeansuchpersonsnotifiedfromtimetotimebythebuyerashavingauthoritytoactforthebuyer，theextentofsuchauthoritybeingsetoutinthenotice；

　　“itemsofbuyer‘ssupply”shallmeananyitemofequipmentandstoresfortheyachtorderedbythebuyerdirectfromthemanufacturerorthesupplier，forincorporationintheyachtbythebuilder；

　　“itemsofbuilder‘ssupply”shallmeananyitemofequipmentandstoresfortheyachtorderedbythebuilderdirectfromthemanufacturerorthesupplier，forincorporationintheyacht；

　　“thecertifying/surveybody”shallmeanthebodyresponsibleforthesurveyandcertificationoftheyachttotherequirementsofthebuyer.

　　“thecontract”shallmean（a）thiscontract，and（b）theattachedannexesandschedulemoreparticularlydescribedbelow.

　　“thecontractdeliverydate”shallmeannolaterthan________；

　　“thecontractmasterprogramme”shallmeantheprogrammeforconstructionoftheyacht，setoutinannexd；

　　“thecontractprice”shallmeanthepricestipulatedinarticlevfortheyacht，yardnumber005；

　　“theyacht”shallmeantheyachtthesubjectofthiscontractandgenerallyasdescribedinarticleii，withallthemachinery，apparatus，outfit，materials，andequipmentappurtenantthereto，butexcludingtheitemsofbuyer‘ssupply.“theboatyard”shallmeanaaa‘syachtcompany，xinhui，china.

　　“thedesignspecifications”shallmeanthespecifications，designs，plansanddrawings，setoutinschedulea，preparedandsignedbythebuyer，identifiedasformingpartofthiscontract，andincludingsuchrevisedorsupplementalspecifications，plansanddrawingsasmaysubsequentlybeagreedbetweenthebuyerandthebuilderprovidedthat（i）inthecaseofanyinconsistencybetweenanyarticleorparagraphofthiscontractandthedesignspecifications，thiscontractshallprevail，（ii）inthecaseofanyinconsistencybetweenthedesignspecificationsandaplanordrawing，thedesignspecificationshallprevail，and（iii）inthecaseofanyinconsistencybetweenoneplanordrawingandanotherplanordrawing，thelaterindateshallprevail；

　　'schedulea'shallmeantheagreedscheduleofdrawings

　　“annexa”shallmeanthelistofmaterials，componentsandequipmentdefiningacompletedyacht；

　　'annexb'shallmeantheagreedweldqualityprocedures 

　　“annexc”shallmeantheagreedshotblasting，fairing，paintingandfoamingspecifications

　　'annexd“shallmeantheagreedproductionschedulemasterprogram.

　　“specified”shallmeanstipulatedinthespecificationsandannexa；

　　“supplier”shallmeananyperson，firmorcompany，whichhasenteredintoacontractwiththebuilderforthesupplyofmaterials，machinery，servicesorequipment（otherthanitemsofbuyer‘ssupply）fortheyacht；

　　theindex，articleandparagraphheadings，areinsertedforconvenienceonlyandshallnotaffecttheconstructionofthiscontract.

　　wordsimportingthesingularshallincludethepluralandviceversa.

　　2）listofbuilder‘sclarifications，notcoveredinannexadocument：

　　“cradlesfortransport”thesupplyofacradleforshipmentisexcludedfromthiscontract.

　　“dressing/steppingthemast”thedressingandsteppingofmastfortheyachtisincludedinthebuilder‘ssupply.

　　“storage”thebuilderwillarrangesecurestorageashorefortheyachtattheboatyardbetweencompletionofbuildandhandoveratdelivery.

　　“fabrication”thebuilderwillsupplysteelinpre-cutformwithatestcertificateinaccordancewiththebuilder‘sproductionandqualityplan. 

　　“welding”thecontractisbasedonndt（nondestructivetesting）beingconductedtothestandardsrequiredbydetnorskeveritasclassrulesforyachtandsmallcraft，including100%visualexamination.radiographywillbecompletedwhereappropriate，atthebuilder‘scost.

allweldingwillbecarriedoutinaccordancewiththequalityplanandisoweldproceduresapprovedbythebuyer‘srepresentativeandwillbeingeneralaccordancewithdetnorskeveritasrequirements.

　　“shotblasting”shotblastingoftheyachtwillbeinaccordancewiththeagreedspecificationattachedinannexc.

　　“insulation”theinsulationoftheyachtwillbeinaccordancewiththeagreedspecificationattachedinannexc.

　　“fairingandpainting”thefairingandpaintingoftheyachtwillbeinaccordancewiththecoatingsspecificationattachedinannexc.

　　“equipment”theresponsibilityforthesupplyofmaterialsandequipmentwillbeasdefinedandagreedinthecomponentslist（annexa）fortheyacht.

　　“qualityplandocumentation”anagreedqualityplanwillbeissuedcoveringallaspectsoftheyacht‘sconstruction，whichwillinclude：

　　a）hull&deckfabrication

　　b）blastandprime

　　c）fairandpaint

　　d）electricalandmechanicalengineering

　　e）fit-out

　　articleii–description

　　1）theyachttobeconstructedunderthiscontractisamotoryachtofapproximately20.00metreslengthoveralldesignedbythanoscondylis，asdescribedinthespecifications，withthefollowingmainparticulars：

　　approximatedimensions

　　lengthoverallabout20.00metres

　　lengthonthewaterlineabout18.03metres

　　beam（max）about5.75metres

　　draftabout1.77metres

　　2）adistinctiveyardnumbershallbeplaceduponeachyachtandhermaterialsandoutfit，duringconstruction.theyardnumberoftheyachtshallbekyc-005.

　　articleiii–construction，materialsandinspection

　　1）theyachtandhermachinery，outfit，equipment，materialsandworkmanshipshallbeinaccordancewiththiscontractandthedesignspecifications.

　　2）inprinciplethebuilderwillsupplyallmaterial，componentsandequipmentfortheyachtassetoutinannexea.anyadditionalmaterial，componentsorequipmentprocuredbythebuilderwillbebilledtothebuyeratdeliveredcostplus15%.howeverthebuildermustnotifythebuyerinwritingpriortoprocurementofthecostandquantityofanyitemsforwhichthebuilderintendstobebilledtothebuyersaccount.

　　3）intheeventofanydelayofdeliveryofmaterial，componentsandequipmentwhichareitemsofbuyer‘ssupply，bythebuyerresultingindelaystotheproductionschedulesetoutinannexee，thecontractdeliveryperiodmaybeextendedbytheamountofthedelay.providedalwaysthatthebuilderwillusehisbestendeavourstominimisethedelaysocausedbyre-schedulingworktoutilisethematerial，componentsandequipmentthathavealreadybeendeliveredtothebuilder.

　　4）ifanyspecifiedmaterialsarenotavailablewhenrequiredforincorporationontheyacht，thebuildershallbeatlibertytouseothersuitablematerialsinsubstitutiontherefore，subjecttotheapprovalofthebuyer，whichapprovalshallnotbeunreasonablywithheld.anyadjustmenttothecontract，deliverydateordesignspecificationresultingfromsuchsubstitutionshallbemadeinaccordancewiththeprovisionsofarticleiv.

　　5）duringconstructionoftheyacht，thebuilderwillpermitthebuyer‘srepresentativetoattendthetestsspecifiedinarticleviiiandtohaveaccesstotheboatyardduringordinaryworkinghourswhileworkisproceedingontheyacht.thebuildermustgivereasonablenoticeofsuchteststothebuyer’srepresentativeinwriting.thebuilderwilluseitsreasonableendeavourstoarrangeforthebuyer‘srepresentativetohaveaccesstothepremisesofthebuilder'ssubcontractorsforthepurposeofinspectingmaterialsandworkmanship.if，duringconstruction，thebuyerorhisrepresentativeallegesanydefectoromissionintheyachttheyshall，ifrequiredbythebuilder，immediatelyspecifythesameinwriting.ifthebuilderagreesthattherehasbeenadefectthebuilderwillatitsowncost，beforedelivery，rectifythesame.

　　6）thebuildwillbesubjecttoregularinspectionsbythebuyer.accommodation，mealsandentertainmentinchinaforthebuyer‘sstaffthatarepaidforbythebuilder，willbeinvoicedtothebuyeratcost.thebuyerwillcoverhisowntravelcoststoandfromtheboatyard.

　　7）thebuilderundertakestoprovideasuitablyqualified（englishspeaking）marineengineertoactasaliaisonpersonwiththebuyerthroughoutthedurationofthiscontract.

　　8）wherepracticalthebuildershalltakeandmakeavailabletothebuyer，digitalphotographicevidenceofallconstruction，paintingandfitoutstagesduringtheyacht‘sbuild.suchdigitalinformationwillbesenttothebuyerorthebuyer’s