Common use of NON-COMPLYING PRODUCT – SULFUR CONTENT Clause in Contracts

NON-COMPLYING PRODUCT – SULFUR CONTENT. PRICE DEDUCTION When the delivered fuel oil’s sulfur content is found to be greater than one tenth (0.10%) of a percent above the specified maximum requirements for the respective delivery area a deduction from the contracted price shall be taken at the rate of one (1%) percent for every one tenth (0.10%) of a percent above the specified limit. (i.e., 0.10% above limit equals a 1% deduction, 0.20% above limit equals a 2% deduction, 0.30% above equals a 3% deduction.).

Appears in 26 contracts

Samples: Agreement, Agreement, Agreement

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NON-COMPLYING PRODUCT – SULFUR CONTENT. PRICE DEDUCTION When the delivered fuel oil’s sulfur content is found to be greater than one tenth (0.10%) of a percent above the specified maximum requirements for the respective delivery area a deduction from the contracted price shall be taken at the rate of one (1%) percent for every one tenth (0.10%) of a percent above the specified limit. (i.e., 0.10% above limit equals a 1% deduction, 0.20% above limit equals a 2% deduction, and 0.30% above equals a 3% deduction.).

Appears in 1 contract

Samples: Agreement

NON-COMPLYING PRODUCT – SULFUR CONTENT. PRICE DEDUCTION DEDUCTION‌ When the delivered fuel oil’s sulfur content is found to be greater than one tenth (0.10%) of a percent above the specified maximum requirements for the respective delivery area a deduction from the contracted price shall be taken at the rate of one (1%) percent for every one tenth (0.10%) of a percent above the specified limit. (i.e., 0.10% above limit equals a 1% deduction, 0.20% above limit equals a 2% deduction, 0.30% above equals a 3% deduction.).

Appears in 1 contract

Samples: Agreement

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NON-COMPLYING PRODUCT – SULFUR CONTENT. PRICE DEDUCTION Price Deduction When the delivered fuel oil’s sulfur content is found to be greater than one tenth (0.10%) of a percent above the specified maximum requirements for the respective delivery area a deduction from the contracted price shall be taken at the rate of one (1%) percent for every one tenth (0.10%) of a percent above the specified limit. (i.e., 0.10% above limit equals a 1% deduction, 0.20% above limit equals a 2% deduction, and 0.30% above equals a 3% deduction.).

Appears in 1 contract

Samples: Agreement

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