The range of work and its delivery are exclusively specified by the items listed in our

quotation and/or acknowledgement of order.

Unless otherwise agreed, all drawings and documents according to our contract shall

be delivered via e-mail and / or in 1-fold as white paper copy. Diagrams and/or

documents shall be drawn up according to international engineer standard, unless

otherwise agreed upon. Delivery of diagrams and/or documents is considered when

they are submitted by e-mail handed over to postal service, Airline Company or to a

forwarding agent. The customer has to bear the risk of damage or loss of

consignment during shipment and the resulting delay.

In the absence of any other agreement, the period of delivery shall begin at the

latest of the following dates:

the date of the order confirmation

the date on which Buyer has complied with all technical, commercial and financial

preconditions for which Buyer is responsible under the contract

the date on which ozean engineering GmbH has received a payment on

account that is due prior to the delivery of the goods, and/or a payment guarantee

has been issued or otherwise provided

Time of delivery may be changed as a consequence of force majeure and alterations

and delayed deliveries of documents by the customer and by third parties. Events

beyond our influence may also affect time of delivery. Force majeure also includes

the loss of working hours of one of our experts due to illness as some work can

frequently be done by particular experts only. The loss of working hours through

illness can be proved by medical certificate. Our times of delivery are based on the

assumption that the working process will not be interrupted. Every interruption of

our working process caused by lack of technical data and information, decisions of

the customer and arrears in payment may postpone delivery. If our general costs

should increase during such delays our charges for the diagrams and/or documents

still to be delivered have to be adjusted accordingly.

Projects, lines with and without bulbous, models, programs, descriptions and other

documents, as well as work derived from this, remain our intellectual property even

if they remain unmentioned. Our copyright is reserved. Without our permission

these documents must neither be published nor copied, sold or passed on to a third

party. If diagrams and/or documents as mentioned in greater detail above are sold to

a third party or if this third party should use documents which are passed on by our

customer use these documents commercially. Our customer is obliged to inform us in

writing request for approval in any case. When handing over diagrams and/or

documents to the shipyard or to a third party the customer is required to inform

them about the above-mentioned obligation.

Our quotation is valid for one set of preparations for the delivery described. If

alterations should become necessary for reasons beyond our responsibility or if the

customer wishes to change diagrams and/or documents which have already been

completed or are still being worked on the expense has to be covered separately on

the basis of the additional costs arising. Concerning additional costs and the altered

time of delivery a written agreement has to be made before the changes required

are executed.

Our prices are based upon fixed salaries and costs at the date of our quotation

and/or acknowledgement of order. In case of delays in delivery caused by missing

documents and information to be provided by the customer and/or his

subcontractors and caused by decisions to be taken by them as well as for other

reasons as mentioned in paragraph 4, the work still to be done after the delivery

date agreed upon shall be invoiced to the customer according to the salaries and

costs valid at the time, on the basis of the official statistics.

Payment must neither be held back nor balanced against any counterclaims not

accepted by our company. Payment shall be made within 14 calendar days after

invoice date. In case of delayed payment, we are entitled to charge interest in the

amount of 8 percentage points above, at the time of maturity, of the base interest

rate. Charges for the further use of all or parts of the diagrams and/or documents

supplied by us will be payable when our customers receive or place a suitable order.

For the execution of our work we accept the usual engineering liability, i.e. mistakes

which might occur in drawings, diagrams, calculations etc. and have undoubtedly

been caused by us will be corrected by us free of charge. Further liability is excluded,

for instance for consequential damage. Further compensation claims (i.e. reduction -

of purchase price in case of deficient delivery-, cancellation etc.) are excluded. Claims

must be notified without delay, in any case not later than three weeks after receipt.

In case no further comments will be received within 3 weeks we assume the

drawings as accepted. The liability shall be limited to the value of the delivery

volume awarded.

Both parties reserve the right to cancel the contract, if it has been proved that the

other party have not fulfilled their contractual obligations, but only by observing the

remaining general terms of delivery. Consignments, part consignments and

preparatory work delivered by our company have to be paid in full, as well as all the

diagrams and/or documents still in preparation.

All litigations resulting from contract are exclusively subject to jurisdiction in Emden

on the basis of German Law.

These General Terms of Delivery will be entirely valid, unless other terms have been

fixed by contract.

Claims against us shall expire within 12 months after they arose.

Should any provision contained in this Agreement be or become invalid, incomplete

or unfeasible this circumstance shall not affect the validity, completeness and

feasibility of the Agreement in other respects. In lieu of the invalid, incomplete or

unfeasible provision the Parties shall agree such regulation which commercially

nearest approaches the aims pursued and perceptions of the Parties in a legally

permissible manner