Who pays for transportation if the customer requires the boat to be delivered to a location other than the factory. Delivery, risk and insurance: the agreement should record the state of delivery and airworthiness control should be completed. Acceptance of the boat or boats should only be granted when the trials are completed. The risk should not be transferred to the designer until the vessel is delivered. The contractor should be required to insure the vessel for the duration of construction. Access: When the boat (s) is built on the site of the owner, it is important that the rights of access and inspection of the boat be included in the agreement. The EIGNer is entitled to revoke this contract only under the following conditions: (a) that the owner must notify the CONTRACTOR of a written notice of delay specifying the type of delay as detailed as possible; b) that a 10-day healing period is provided. The vessel is not a guarantee for construction credit, unless the shipyard rallies to the buyer as a taker and has mortgaged the vessel as collateral. LCs only work well if the terms of draw and final payment are well detailed with someone with experience in the construction industry and contracts who are not a banker or lawyer to determine whether the shipyard has met the requirements. CONTRACTOR reçoit un prix fixe de 1,25 000 dollars US pour la construction du navire (______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ Ce Amount is paid as follows: First instalment- – the fixed price due within ten days of the possible contract; Second instalment – % of the fixed price, at the earliest: a) the laying of kinetics; b) the start of the fuselage assembly. Third rate – per cent of the fixed price due at the time of take-off of the vessel. Safety interests: The registration of a safety interest by the vessel or vessels in accordance with the Personal Property Securities Act of 1999 helps the designer to maintain control of unfinished vessels and allows for the claim of licence fees. The registration of security interests in the staff property register should take place as soon as possible, especially when the designer has doubts about the owner`s cash flow.
Tips for designers when entering into a contract with builders Build the schedule: If there is a deadline for the delivery of the boats, this should be expressly stipulated in the agreement. Similarly, the timelines for the completion of important construction milestones should be clearly defined, so that both parties have clear expectations. In addition, the price is only part of the construction contract. How to pay for the yacht in step-by-step payments, where the owner works with the buyers of the money; or letters of credit, when the bank replaces its loans to customers and asks the owner to finance a large part of the project on his own mouth; or a construction loan is the real question.