YACHT BUILD AGREEMENT

“the design specifications” shall mean the specifications, designs, plans and drawings, set out in schedule a, prepared and signed by the buyer, identified as forming part of this contract, and including such revised or supplemental specifications, plans and drawings as may subsequently be agreed between the buyer and the builder provided that (i) in the case of any inconsistency between any article or paragraph of this contract and the design specifications, this contract shall prevail, (ii) in the case of any inconsistency between the design specifications and a plan or drawing, the design specification shall prevail, and (iii) in the case of any inconsistency between one plan or drawing and another plan or drawing, the later in date shall prevail;

'schedule a' shall mean the agreed schedule of drawings

“annex a” shall mean the list of materials, components and equipment defining a completed yacht;

'annex b' shall mean the agreed weld quality procedures 

“annex c” shall mean the agreed shot blasting, fairing, painting and foaming specifications

'annex d“ shall mean the agreed production schedule master program.

“specified” shall mean stipulated in the specifications and annex a;

“supplier” shall mean any person, firm or company, which has entered into a contract with the builder for the supply of materials, machinery, services or equipment (other than items of buyer‘s supply) for the yacht;

the index, article and paragraph headings, are inserted for convenience only and shall not affect the construction of this contract.

words importing the singular shall include the plural and vice versa.

2) list of builder‘s clarifications, not covered in annex a document:

“cradles for transport” the supply of a cradle for shipment is excluded from this contract.

“dressing/stepping the mast” the dressing and stepping of mast for the yacht is included in the builder‘s supply.

“storage” the builder will arrange secure storage ashore for the yacht at the boatyard between completion of build and handover at delivery.

“fabrication” the builder will supply steel in pre-cut form with a test certificate in accordance with the builder‘s production and quality plan. 

“welding” the contract is based on ndt (non destructive testing) being conducted to the standards required by det norske veritas class rules for yacht and small craft, including 100% visual examination. radiography will be completed where appropriate, at the builder‘s cost.