PSC: 24/120 Limited Warranty Agreement


      1. Express Warranty
      Builder warrants to the Purchaser that it will repair or replace any part manufactured by it which is proven to Builder's satisfaction to be defective by reason of faulty workmanship or material for a period of twenty four (24) months. Builder will also within the same period reimburse the purchaser for the labor costs' involved in the removal of the defective part and the reinstallation of the repaired or replaced part, provided that the labor cost will be based on an amount agreed to by Builder. The twenty-four (24) month warranty period will commence from the date of the sale to the Purchaser. Parts furnished by Builder but not manufactured by Builder, will carry only the warranty of the manufacturer and are not included in Builder's warranty. Transportation charges and duties for the return and replacement of parts shall be borne by the Purchaser. Purchaser waives all time requirements for the return of the defective parts being considered in accordance with this express warranty. This warranty shall apply to consumer sales only and is not transferable to any other purchaser other than the Purchaser. This warranty shall not apply to vessels that are used for charter service, for commercial use, or for any illegal activity.