We use cookies on our site to analyze traffic, enhance your experience, and provide you with tailored content.

For more information visit our privacy policy.

Common use of ALTERNATIVE PRICING METHODS FOR CALCULATING COMMODITY PRICE Clause in Contracts

ALTERNATIVE PRICING METHODS FOR CALCULATING COMMODITY PRICE. 5.1. The Contracting Body during the Further Competition Procedure may ask the Supplier to offer alternative methods to the calculation of Commodity Prices as described in paragraph 4 above including but not limited to : 5.1.1. Weekly Lagged Price or Daily Lagged Price based on the day of order by the Contracting Body and not the day of delivery to the Contracting Body; or 5.1.2. Price hedging options. This is in terms of physically fixing the Commodity Price for the future delivery of the Goods but not paying the Charges until the Goods have been Delivered. The Contracting Body may instruct a third party to carry out the price hedging arrangement with the Supplier and, if it does, the Supplier agrees to co-operate with such third party. The refined terms of the price hedging arrangement and any consequential amendments or refinements to the Call Off Agreement shall apply as stipulated by the Contracting Body in a Further Competition Procedure. 5.2. In the case of the Contracting Body requiring alternative methods to the calculation of Commodity Prices during a Further Competition Procedure, the provisions relating to such methods shall be stipulated further by the Contracting Body in a Further Competition Procedure.

Appears in 15 contracts

Samples: Liquid Fuels Framework Agreement, Framework Agreement, Framework Agreement

ALTERNATIVE PRICING METHODS FOR CALCULATING COMMODITY PRICE. 5.1. The Contracting Body during the Further Competition Procedure may ask the Supplier to offer alternative methods to the calculation of Commodity Prices as described in paragraph 4 15 above including but not limited to : 5.1.1. : Weekly Lagged Price or Daily Lagged Price based on the day of order by the Contracting Body and not the day of delivery to the Contracting Body; or 5.1.2. or Price hedging options. This is in terms of physically fixing the Commodity Price for the future delivery of the Goods but not paying the Charges until the Goods have been Delivered. The Contracting Body may instruct a third party to carry out the price hedging arrangement with the Supplier and, if it does, the Supplier agrees to co-operate with such third party. The refined terms of the price hedging arrangement and any consequential amendments or refinements to the Call Off Agreement shall apply as stipulated by the Contracting Body in a Further Competition Procedure. 5.2. In the case of the Contracting Body requiring alternative methods to the calculation of Commodity Prices during a Further Competition Procedure, the provisions relating to such methods shall be stipulated further by the Contracting Body in a Further Competition Procedure.

Appears in 1 contract

Samples: Framework Agreement