Common use of FOB Vessel Deliveries Clause in Contracts

FOB Vessel Deliveries. The quantity of Product supplied shall be based on static shore tank measurements taken prior to and after loading of Buyer’s Vessel according to the latest API standards. The quality of Product shall be based on analysis performed using shore tank composite samples taken prior to loading. If shore tanks are active at loading, quantity shall be determined by Vessel figures (i.e., closing ullages less OBQ adjusted by VEF). Such VEF shall be determined in accordance with the latest API standards. Any circumstance relating to quantity shall be governed by current API standards. Any circumstance relating to quality shall be governed by current API/ASTM standards.