CFR or CIF Terms Sample Clauses

CFR or CIF Terms. These terms apply in circumstances where the Goods are sold on CFR or CIF Terms as defined in accordance with INCOTERMS 2020. 8.3.1.1. Goods shall be shipped on vessels nominated by NEXUS. vessels shall be loaded by NEXUS and / or its nominated contractors. 8.3.1.2. The Goods shall be deemed to be delivered and risk in and to the Goods shall pass to the Buyer on the Goods passing the ship's rail. 8.3.1.3. The Buyer is responsible for arranging for all inspections and obtaining all permits necessary for the import into the country of destination, including any inspections required to be undertaken or any permits required to be obtained at the port of loading and shall ensure that such inspections and / or permits are carried out or obtained so as not to delay loading of the vessel. 8.3.1.4. The Buyer shall be required to nominate the discharge port and the Buyer warrants that the discharge port is safe for the vessel to enter and lie alongside always afloat (one safe port, one safe berth, always alongside always afloat). 8.3.1.5. For avoidance of doubt, it is recorded that it is the Buyer's obligation to arrange for a suitable berth for the vessel and to discharge the vessel. The Buyer shall be responsible for all costs in relation to the discharge, including but not limited to the costs of stevedores, wharfage, berth dues, tally costs and draft surveys. 8.3.1.6. NEXUS does not guarantee that the vessel will arrive at the discharge port at any particular time. NEXUS shall provide the Buyer with 15, 10, 7, 5, 3, 2 days and 24 hours notice of the vessel's ETA at the discharge port. 8.3.1.7. Vessels must be discharged within the Laytime. The Laytime shall be calculated with reference to the discharge rate agreed in the Contract. Laytime shall commence 12 hours after notice of readiness is tendered by the vessel. Notice of readiness may be tendered anytime day or night, Sundays and holidays included (excluding Super Holidays) upon the vessel's arrival at the port of discharge, whether in free pratique or not (WIFPON) and whether in customs clearance or not (WICCON). Any time lost due to the following events shall not be counted as Laytime: 8.3.1.7.1. Force Majeure as provided for in clause 13.7; 8.3.1.7.2. Inclement weather which would ordinarily prevent the discharge of the Goods. 8.3.1.8. Laytime shall cease on the completion of discharge of the vessel once the stevedores equipment and personnel have disembarked.
AutoNDA by SimpleDocs

Related to CFR or CIF Terms

  • Variation of Terms All terms and any variations thereof shall be deemed to refer to masculine, feminine, or neuter, singular or plural, as the identity of the Person or Persons may require.

  • Waiver of Terms Any of the terms or conditions of this Agreement may be waived at any time by the party or parties entitled to the benefit thereof but only by a written notice signed by the party or parties waiving such terms or conditions.

  • VARIATION OF TERMS AND CONDITIONS The Bank may at any time amend or vary any of these terms and conditions governing the operation or use of the TBS. The Bank shall notify the Account Holder of any changes. If the Account Holder continues to use or operate the TBS after the Bank has given such notice of change, the Account Holder shall be deemed to have accepted and agreed to such changes without reservation.

  • TERM AND TERMINATION OF THIS AGREEMENT; NO ASSIGNMENT (a) This Agreement shall go into effect as to the Fund on the date set forth above and shall, unless terminated as hereinafter provided, continue in effect for a period of two years from the date of approval by shareholders of the Fund at a meeting called for the purpose of such approval. This Agreement shall continue in effect thereafter for additional periods not exceeding one (l) year so long as such continuation is approved for the Fund at least annually by (i) the Board of Trustees of the Trust or by the vote of a majority of the outstanding voting securities of the Fund and (ii) the vote of a majority of the Trustees of the Trust who are not parties to this Agreement nor interested persons thereof, cast in person at a meeting called for the purpose of voting on such approval. The terms “majority of the outstanding voting securities” and “interested persons” shall have the meanings as set forth in the 1940 Act; (b) This Agreement may be terminated by the Trust on behalf of the Fund at any time without payment of any penalty, by the Board of Trustees of the Trust, by the Manager, or by vote of a majority of the outstanding voting securities of a Fund without the payment of any penalties, upon sixty (60) days’ written notice to the Sub-Adviser, and by the Sub-Adviser upon sixty (60) days’ written notice to the Fund and the Manager. In the event of a termination, the Sub-Adviser shall cooperate in the orderly transfer of the Fund’s affairs and, at the request of the Board of Trustees or the Manager, transfer any and all books and records of the Fund maintained by the Sub-Adviser on behalf of the Fund; and (c) This Agreement shall terminate automatically in the event of any transfer or assignment thereof, as defined in the 1940 Act. This Agreement will also terminate in the event that the Management Agreement is terminated.

  • Modification of Terms Except as otherwise provided for herein, this Agreement may only be modified or amended upon a mutual written contract amendment signed by Citizens and Vendor or as otherwise permitted by this Agreement. Vendor may not unilaterally modify the terms of this Agreement in any manner such as by affixing additional terms to any Deliverable (e.g., attachment or inclusion of standard preprinted forms, product literature, “shrink wrap” or “click through” terms, whether written or electronic) or by incorporating such terms onto Vendor’s order or fiscal forms or other documents forwarded by Vendor for payment and any such terms shall have no force or effect upon Citizens or this Agreement. Citizens' acceptance of any Service or processing of documentation on forms furnished by Vendor for approval or payment shall not constitute acceptance of any proposed modification to terms and conditions or any conflicting terms and conditions.

  • Waiver of Terms and Conditions Failure to enforce any of the terms or conditions of this Agreement shall not constitute a waiver of any such terms or conditions, or of any other terms or conditions.

  • Definition of Terms The following terms referred to in this Agreement shall have the following meanings:

  • Usage of Terms With respect to all terms used in this Agreement, the singular includes the plural and the plural the singular; words importing any gender include the other gender; references to “writing” include printing, typing, lithography, and other means of reproducing words in a visible form; references to agreements and other contractual instruments include all subsequent amendments thereto or changes therein entered into in accordance with their respective terms and not prohibited by this Agreement or the Sale and Servicing Agreement; references to Persons include their permitted successors and assigns; and the terms “include” or “including” mean “include without limitation” or “including without limitation.”

  • Modification of Terms; etc No Pledgor shall rescind or cancel any obligations evidenced by any Receivable or modify any term thereof or make any adjustment with respect thereto except in the ordinary course of business consistent with prudent business practice, or extend or renew any such obligations except in the ordinary course of business consistent with prudent business practice or compromise or settle any dispute, claim, suit or legal proceeding relating thereto or sell any Receivable or interest therein except in the ordinary course of business consistent with prudent business practice without the prior written consent of the Collateral Agent. Each Pledgor shall timely fulfill all obligations on its part to be fulfilled under or in connection with the Receivables.

  • Definitions of Terms The terms defined in this Section (except as in this Indenture or any indenture supplemental hereto otherwise expressly provided or unless the context otherwise requires) for all purposes of this Indenture and of any indenture supplemental hereto shall have the respective meanings specified in this Section and shall include the plural as well as the singular. All other terms used in this Indenture that are defined in the Trust Indenture Act of 1939, as amended, or that are by reference in such Act defined in the Securities Act of 1933, as amended (except as herein or any indenture supplemental hereto otherwise expressly provided or unless the context otherwise requires), shall have the meanings assigned to such terms in said Trust Indenture Act and in said Securities Act as in force at the date of the execution of this instrument.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!