Effect of Late Arrival of vessel Sample Clauses

Effect of Late Arrival of vessel. A Late Arrival occurs when the vessel arrives after the Delivery Period has expired or is unable to arrive within the Delivery Period, and a Chain has been established. The following provisions apply to Late Arrival: (i) The Chain shall remain intact and the Agreements in the Chain shall be settled on the basis of a quantity of 25,000 metric tons. (ii) If the contracts in the Chain are settled as provided herein, no damages will be payable by the Seller to the Buyer for late delivery. (iii) If the vessel tenders NOR at the first discharge port more than 120 hours after the Deemed NOR of the last Buyer, laytime shall commence upon berthing under clause 10.3.
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Effect of Late Arrival of vessel. A Late Arrival occurs when the vessel arrives after the Delivery Period has expired or is unable to arrive within the Delivery Period, and a Chain has been established. The following provisions apply to Late Arrival: (i) The Chain shall remain intact and the Agreements in the Chain shall be settled on the basis of a quantity of 25,000 metric tons. (ii) If the contracts in the Chain are settled as provided herein, no damages will be payable by the Seller to the Buyer for late delivery.

Related to Effect of Late Arrival of vessel

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  • Laws Applicable to Construction; Consent to Jurisdiction The interpretation, performance and enforcement of this Agreement shall be governed by the laws of the State of Delaware without reference to principles of conflict of laws, as applied to contracts executed in and performed wholly within the State of Delaware. In addition to the terms and conditions set forth in this Agreement, the Restricted Stock Units are subject to the terms and conditions of the Plan, which is hereby incorporated by reference.

  • CHOICE OF LAW; CONSENT TO JURISDICTION; WAIVER OF JURY TRIAL 15.1. CHOICE OF LAW. THE LOAN DOCUMENTS (OTHER THAN THOSE CONTAINING A CONTRARY EXPRESS CHOICE OF LAW PROVISION) SHALL BE CONSTRUED IN ACCORDANCE WITH THE INTERNAL LAWS OF THE STATE OF WISCONSIN, BUT GIVING EFFECT TO FEDERAL LAWS APPLICABLE TO NATIONAL BANKS.

  • Choice of Law Submission to Jurisdiction Waiver of Venue Service of Process Waiver of Jury Trial Section 11.10 (Choice of Law; Submission to Jurisdiction;

  • Governing Law; Severability; Rules of Construction This Security Instrument is governed by federal law and the law of the State of Ohio. All rights and obligations contained in this Security Instrument are subject to any requirements and limitations of Applicable Law. If any provision of this Security Instrument or the Note conflicts with Applicable Law (i) such conflict will not affect other provisions of this Security Instrument or the Note that can be given effect without the conflicting provision, and (ii) such conflicting provision, to the extent possible, will be considered modified to comply with Applicable Law. Applicable Law might explicitly or implicitly allow the parties to agree by contract or it might be silent, but such silence should not be construed as a prohibition against agreement by contract. Any action required under this Security Instrument to be made in accordance with Applicable Law is to be made in accordance with the Applicable Law in effect at the time the action is undertaken. As used in this Security Instrument: (a) words in the singular will mean and include the plural and vice versa; (b) the word “may” gives sole discretion without any obligation to take any action; (c) any reference to “Section” in this document refers to Sections contained in this Security Instrument unless otherwise noted; and (d) the headings and captions are inserted for convenience of reference and do not define, limit, or describe the scope or intent of this Security Instrument or any particular Section, paragraph, or provision.

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