SOT’s rights

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14:35 Nov 27, 2013
English to Bulgarian translations [PRO]
Law/Patents - Ships, Sailing, Maritime / морско право
English term or phrase: SOT’s rights
Buyer agrees that XXX may assign and transfer this contract by novation to the Royal Bank of Scotland Plc (‘’RBS’’). Upon such novation, RBS will assume all of SOT’s rights and obligations under the contract and SOT shall be released and discharged from all liabilities under the contract.

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