At the time of delivery the Sellers shall hand to the Buyers the classification certificate(s)as well as all 200 plans etc.,which are on board the Vessel.Other certificates which are on board the Vessel shall also 201 be handed over to the Buyers unless the Sellers are required to retain same,in which case the 202 Buyers to have the right to take copies.Other technical documentation which may 203 be in the Sellers'possession shall be promptly forwarded to the Buyers at their expense,if they so 204 request.The Sellers may keep the Vessel's log books but the Buyers to have the right to take 205 copies of same. 206 9. Encumbrances 207 The Sellers warrant that the Vessel,at the time of delivery,is free from all charters,encumbrances,208 mortgages and maritime liens or any other debts whatsoever.The Sellers hereby undertake 209 to indemnify the Buyers against all consequences of claims made against the Vessel which have 210 been incurred prior to the time of delivery. 211 10.Taxes,etc. 212 Any taxes,fees and expenses in connection with the purchase and registration under the Buyers'flag 213 shall be for the Buyers'account,whereas similar charges in connection with the closing of the Sellers'214 register shall be for the Sellers'account. 215 11.Condition on delivery 216 The Vessel with everything belonging to her shall be at the Sellers'risk and expense until she is 217 delivered to the Buyers.but subject to the terms and conditions of this Agreement she shall be 218 delivered and taken over as she was at the time of inspection,fair wear and tear excepted. 219 However.the Vessel shall be delivered with her class maintained without condition/recommendation*.220 free of average damage affecting the Vessel's class,and with her classification certificates and 221 national certificates,as well as all other certificates the Vessel had at the time of inspection,valid and 222 unextended without condition/recommendation*by Class or the relevant authorities at the time of 223 delivery. 224 "Inspection"in this Clause 11,shall mean the Buyers'inspection according to Clause 4 a)or 4 b),if 225 applicable,or the Buyers'inspection prior to the signing of this Agreement.If the Vessel is taken over 226 without inspection,the date of this Agreement shall be the relevant date. 227 Notes,if any,in the surveyor's report which are accepted by the Classification Society 228 without condition/recommendation are not to be taken into account. 229 12.Name/markings 230 Upon delivery the Buyers undertake to change the name of the Vessel and alter funnel markings 231 13.Buvers'default 232 Should the deposit not be paid in accordance with Clause 2,the Sellers have the right to cancel this 233 Agreement,and they shall be entitled to claim compensation for their losses and for all expenses 234 incurred together with interest. 235 Should the Purchase Price not be paid in accordance with Clause 3,the Sellers have the right to 236 cancel the Agreement,in which case the deposit together with interest earned shall be released to the 237 Sellers.If the deposit does not cover their loss,the Sellers shall be entitled to claim further 238 compensation for their losses and for all expenses incurred together with interest. 239 14.Sellers'default 240 Should the Sellers fail to give Notice of Readiness in accordance with Clause 5 a)or fail to be ready 241 to validly complete a legal transfer by the date stipulated in line 61 the Buyers shall have 242 the option of cancelling this Agreement provided always that the Sellers shall be granted a 243 maximum of 3 banking days after Notice of Readiness has been given to make arrangements 244 for the documentation set out in Clause 8.If after Notice of Readiness has been given but before 245 the Buyers have taken delivery,the Vessel ceases to be physically ready for delivery and is not 246 made physically ready again in every respect by the date stipulated in line 61 and new Notice of 247At the time of delivery the Sellers shall hand to the Buyers the classification certificate(s) as well as all 200 plans etc., which are on board the Vessel. Other certificates which are on board the Vessel shall also 201 be handed over to the Buyers unless the Sellers are required to retain same, in which case the 202 Buyers to have the right to take copies. Other technical documentation which may 203 be in the Sellers' possession shall be promptly forwarded to the Buyers at their expense, if they so 204 request. The Sellers may keep the Vessel's log books but the Buyers to have the right to take 205 copies of same. 206 9. Encumbrances 207 The Sellers warrant that the Vessel, at the time of delivery, is free from all charters, encumbrances, 208 mortgages and maritime liens or any other debts whatsoever. The Sellers hereby undertake 209 to indemnify the Buyers against all consequences of claims made against the Vessel which have 210 been incurred prior to the time of delivery. 211 10. Taxes, etc. 212 Any taxes, fees and expenses in connection with the purchase and registration under the Buyers' flag 213 shall be for the Buyers' account, whereas similar charges in connection with the closing of the Sellers' 214 register shall be for the Sellers' account. 215 11. Condition on delivery 216 The Vessel with everything belonging to her shall be at the Sellers' risk and expense until she is 217 delivered to the Buyers, but subject to the terms and conditions of this Agreement she shall be 218 delivered and taken over as she was at the time of inspection, fair wear and tear excepted. 219 However, the Vessel shall be delivered with her class maintained without condition/recommendation*, 220 free of average damage affecting the Vessel's class, and with her classification certificates and 221 national certificates, as well as all other certificates the Vessel had at the time of inspection, valid and 222 unextended without condition/recommendation* by Class or the relevant authorities at the time of 223 delivery. 224 "Inspection" in this Clause 11, shall mean the Buyers' inspection according to Clause 4 a) or 4 b), if 225 applicable, or the Buyers' inspection prior to the signing of this Agreement. If the Vessel is taken over 226 without inspection, the date of this Agreement shall be the relevant date. 227 * Notes, if any, in the surveyor's report which are accepted by the Classification Society 228 without condition/recommendation are not to be taken into account. 229 12. Name/markings 230 Upon delivery the Buyers undertake to change the name of the Vessel and alter funnel markings. 231 13. Buyers' default 232 Should the deposit not be paid in accordance with Clause 2, the Sellers have the right to cancel this 233 Agreement, and they shall be entitled to claim compensation for their losses and for all expenses 234 incurred together with interest. 235 Should the Purchase Price not be paid in accordance with Clause 3, the Sellers have the right to 236 cancel the Agreement, in which case the deposit together with interest earned shall be released to the 237 Sellers. If the deposit does not cover their loss, the Sellers shall be entitled to claim further 238 compensation for their losses and for all expenses incurred together with interest. 239 14. Sellers' default 240 Should the Sellers fail to give Notice of Readiness in accordance with Clause 5 a) or fail to be ready 241 to validly complete a legal transfer by the date stipulated in line 61 the Buyers shall have 242 the option of cancelling this Agreement provided always that the Sellers shall be granted a 243 maximum of 3 banking days after Notice of Readiness has been given to make arrangements 244 for the documentation set out in Clause 8. If after Notice of Readiness has been given but before 245 the Buyers have taken delivery, the Vessel ceases to be physically ready for delivery and is not 246 made physically ready again in every respect by the date stipulated in line 61 and new Notice of 247