Common use of Notice of Readiness Clause in Contracts

Notice of Readiness. The Buyer, its representative or the master of the vessel (who shall be deemed to be acting on Buyer’s behalf) shall give notice of readiness of the vessel to load (“NOR”) to the vessel agent and the Loading Port operator (with a copy to Seller delivered by e-mail or facsimile). NOR shall not be given until the vessel (a) has anchored at the customary anchorage area at the Loading Port; (b) has been granted free pratique; (c) has received the necessary clearance by customs and all other governmental authorities, and (d) is ready in all other respects to load; provided, however, that NOR may be given before the conditions specified in clauses (b) and (c) above have been satisfied if, in accordance with the practice at the Loading Port, such conditions may be satisfied only after the vessel has been brought to the loading point. If, notwithstanding having tendered NOR, the vessel is found not to be ready to load, such NOR will be disregarded and Buyer shall be obligated to give a new NOR when it is in fact ready to load.

Appears in 1 contract

Samples: Crude Oil Sales Agreement (NuStar Energy L.P.)

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Notice of Readiness. The Buyer, its representative or the master of the vessel tanker (who shall be deemed to be acting on Buyer’s behalf) shall give notice of readiness of the vessel tanker to load (“NOR”) to the vessel agent and the Loading Port operator (with a copy to Seller delivered by e-mail or facsimile). NOR shall not be given until the vessel tanker (ai) has anchored at the customary anchorage area at the Loading Port; , (bii) has been granted free pratique; , (ciii) has received the necessary clearance by customs and all other governmental authorities, authorities and (div) is ready in all other respects to load; provided, however, that NOR may be given before the conditions specified in clauses (bii) and (ciii) above have been satisfied if, in accordance with the practice at the Loading Port, such conditions may be satisfied only after the vessel tanker has been brought to the loading point. If, notwithstanding having tendered NOR, the vessel tanker is found not to be ready to load, such NOR will be disregarded and Buyer shall be obligated to give a new NOR when it is in fact ready to load.

Appears in 1 contract

Samples: Crude Oil Sales Agreement (Lyondell Chemical Co)

Notice of Readiness. The Buyer, its representative or the master Master of the vessel tanker (who shall be deemed to be acting on Buyer’s 's behalf) shall shall, during the hours in which the Loading Port is open, give notice of readiness of the vessel to load (“NOR”) to the vessel agent Seller or Seller's agent, and the Loading Port operator (with a copy operator, notice of the readiness of the tanker to Seller delivered by e-mail or facsimile)load. NOR Notice of readiness shall not be given until the vessel tanker (ai) has anchored at the customary anchorage area at the Loading Port; , (bii) has been granted free pratique; , (ciii) has received the necessary clearance by customs and all other governmental authorities, and (div) is ready in all other respects to load; provided, however, that NOR notice of readiness may be given before the conditions specified in clauses (bii) and (ciii) above have been satisfied if, in accordance with the practice at the Loading Port, such conditions may be satisfied only after the vessel tanker has been brought to the loading point. If, notwithstanding having tendered NORnotice of readiness, the vessel tanker is found not to be ready to load, such NOR notice of readiness will be disregarded and Buyer shall be obligated to give a new NOR notice of readiness when it is in fact ready to load.

Appears in 1 contract

Samples: Oil Sales Agreement (Neches River Holding Corp)

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Notice of Readiness. The Buyer, its representative or the master of the vessel (who shall be deemed to be acting on Buyer’s behalf) shall give notice of readiness of the vessel to load (“NOR”) to the vessel agent and the Loading Port operator (with a copy to Seller delivered by e-mail or facsimile). NOR shall not be given until the vessel (a) has anchored at the customary anchorage area at the Loading Port; , (b) has been granted free pratique; , (c) has received the necessary clearance by customs and all other governmental authorities, authorities and (d) is ready in all other respects to load; provided, however, that NOR may be given before the conditions specified in clauses (b) and (c) above have been satisfied if, in accordance with the practice at the Loading Port, such conditions may be satisfied only after the vessel has been brought to the loading pointLoading Point. If, notwithstanding having tendered NOR, the vessel is found not to be ready to load, such NOR will be disregarded and Buyer shall be obligated to give a new NOR when it is in fact ready to load.

Appears in 1 contract

Samples: Crude Oil Sales Agreement (NuStar Energy L.P.)

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