Common use of Outturn Clause in Contracts

Outturn. 9.1 The Client must give the Xxxxxx at least 1-day’s written notice of a request to outturn Commodity (Outturn Request) advising; (a) Quantity; (b) Grade; (c) Name of Transport Provider; (d) Estimated time of arrival of Transport Provider. 9.2 As soon as is practicable following receipt of an Outturn Request under clause 9.1 the Xxxxxx will confirm particulars of outturn (Outturn Confirmation). 9.3 The Client acknowledges that the Xxxxxx has no obligation to outturn Commodity other than as provided in an Outturn Confirmation. 9.4 If the actual tonnage outturned to the Client exceeds the Client’s outturn entitlement, the Client must either pay the Xxxxxx for the excess at the Washout Price or replace the excess by using other grades as negotiated and agreed with the Xxxxxx. 9.5 If the actual tonnage outturned to the Client is less than the Client’s outturn entitlement, the Xxxxxx may, at its discretion, either replace the physical shortfall in the Clients outturn entitlement or pay the Client for the deficiency in the outturn entitlement at the Washout Price. 9.6 For the purpose of Clauses 9.4 & 9.5, “Washout Price” for the Client’s grain, unless otherwise agreed, is the spot market price determined by an average of three independent brokers calculated based on the day that the Client is advised of the variation. 9.7 Transport providers may be subject to load-time slotting during peak outturn periods, at the discretion and management of the Xxxxxx.

Appears in 2 contracts

Samples: Storage & Handling Agreement, Storage & Handling Agreement

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Outturn. 9.1 The To remove the Commodity from storage the Client must give the Xxxxxx at least 1-day’s written five (5) business days’ notice in advance, in writing, as to when the Commodity, including quantity, grade, name of a request to outturn Commodity (Outturn Request) advising; (a) Quantity; (b) Grade; (c) Name of Transport Provider; (d) Estimated transport provider and the estimated time of arrival of Transport Provider. 9.2 As soon as is practicable following receipt of an Outturn Request under clause 9.1 the transport service provider. The Xxxxxx will confirm particulars acceptance or rejection of order, taking into account Clause 9.2 9.2 The Xxxxxx will outturn (Outturn Confirmation)the Commodity, which as a minimum, meet the receival standards that apply in relation to the Commodity to be outturned. Weight and Quality final upon outturn. 9.3 The Client acknowledges that the Xxxxxx has no obligation to outturn Commodity other than as provided in an Outturn Confirmation. 9.4 If the actual tonnage outturned to the Client exceeds the Client’s Clients outturn entitlement, the Client must either pay the Xxxxxx for the excess at the Washout Price or replace the excess shortfall by using other grades as negotiated and agreed with the Xxxxxx. 9.5 9.4 If the actual tonnage outturned to the Client is less than the Client’s Clients outturn entitlement, the Xxxxxx may, at its discretion, either replace the physical shortfall in the Clients outturn entitlement or pay the Client for the deficiency in the outturn entitlement at the Washout Price. 9.6 9.5 For the purpose of Clauses 9.4 9.3 & 9.59.4, “Washout Price” for the Client’s Client grain, unless otherwise agreed, is the a spot market price determined by an (average of three independent brokers calculated based brokers) on the day that the Client is advised of the variation. 9.6 Outturning during peak harvest periods may be limited and by agreement only. 9.7 Transport providers may be subject to load-load time slotting during peak outturn periods, at the discretion and management of the Xxxxxx.

Appears in 2 contracts

Samples: Storage & Handling Agreement, Storage & Handling Agreement

Outturn. 9.1 11.1 The Client must give the Xxxxxx at least 1-day’s 1 weeks’ written notice of a request to outturn Commodity (Outturn Request) advising;: (a) QuantityQuantity of Commodity; (b) GradeGrade of Commodity; (c) Name of Transport Provider;; and (d) Estimated time of arrival of Transport Provider. 9.2 11.2 As soon as is practicable following receipt of an Outturn Request under clause 9.1 11.1 the Xxxxxx will confirm particulars of outturn (Outturn Confirmation). 9.3 11.3 The Client acknowledges that the Xxxxxx has no obligation to outturn Commodity other than as provided in an Outturn Confirmation. 9.4 11.4 If the actual tonnage outturned to the Client exceeds the amount the Client is entitled to outturn as specified in the Outturn Confirmation (Client’s outturn entitlementOutturn Entitlement), the Client must either pay the Xxxxxx for the excess at the Washout Price (as defined in clause 11.6) or replace the excess shortfall by using other grades of Commodity as negotiated and agreed with the XxxxxxXxxxxx in its discretion. 9.5 11.5 If the actual tonnage outturned to the Client is less than the Client’s outturn entitlementOutturn Entitlement, the Xxxxxx may, at its discretion, either replace the physical shortfall in the Clients outturn entitlement or pay the Client for the deficiency in the outturn entitlement at the Washout Price.Xxxxxx 9.6 11.6 For the purpose of Clauses 9.4 11.4 & 9.511.5, “Washout Price” for the Client’s grainCommodity, unless otherwise agreed, is the spot market price determined by an average of three independent brokers calculated based on the day that the Client is advised of the variationvariation in the outturned tonnage versus the Client’s Outturn Entitlement. 9.7 11.7 Transport providers may be subject to load-time slotting during peak outturn periods, at the discretion and management of the Xxxxxx. For further information, the Client may contact the appropriate site contacts as per Schedule 3 of this agreement.

Appears in 1 contract

Samples: Storage and Handling Agreement

Outturn. 9.1 The Client must give the Xxxxxx at least 1-day’s written notice of a request to outturn Commodity (Outturn Request) advising;outturn (a) Quantity; (b) Grade; (c) Name of Transport Provider; (d) Estimated time of arrival of Transport Provider. 9.2 As soon as is practicable following receipt of an Outturn Request under clause 9.1 the Xxxxxx will confirm particulars of outturn (Outturn Confirmation). 9.3 The Client acknowledges that the Xxxxxx has no obligation to outturn Commodity other than as provided in an Outturn Confirmation. 9.4 If the actual tonnage outturned to the Client exceeds the Client’s outturn entitlement, the Client must either pay the Xxxxxx for the excess at the Washout Price or replace the excess shortfall by using other grades as negotiated and agreed with the Xxxxxx. 9.5 If the actual tonnage outturned to the Client is less than the Client’s outturn entitlement, the Xxxxxx may, at its discretion, either replace the physical shortfall in the Clients outturn entitlement or pay the Client for the deficiency in the outturn entitlement at the Washout Price. 9.6 For the purpose of Clauses 9.4 & 9.5, “Washout Price” for the Client’s grain, unless otherwise agreed, is the spot market price determined by an average of three independent brokers calculated based on the day that the Client is advised of the variation. 9.7 Transport providers may be subject to load-time slotting during peak outturn periods, at the discretion and management of the Xxxxxx.

Appears in 1 contract

Samples: Storage & Handling Agreement

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Outturn. 9.1 12.1. The Client must give the Xxxxxx xxxxxx at least 1-day’s 1 weeks written notice of a request to outturn Commodity (Outturn Request) advising;: (a) 12.1.1. Quantity; (b) 12.1.2. Grade; (c) 12.1.3. Name of Transport Provider;; and (d) 12.1.4. Estimated time of arrival of Transport Provider. 9.2 12.2. As soon as is practicable following receipt of an Outturn Request under clause 9.1 12.1 the Xxxxxx will confirm particulars of outturn (Outturn Confirmation). 9.3 12.3. The Client acknowledges that the Xxxxxx has no obligation to outturn Commodity other than as provided in an Outturn Confirmation. 9.4 12.4. If the actual tonnage outturned to the Client exceeds the Client’s Clients outturn entitlement, the Client must either pay the Xxxxxx for the excess at the Washout Price or replace the excess shortfall by using other grades as negotiated and agreed with the Xxxxxx. 9.5 12.5. If the actual tonnage outturned to the Client is less than the Client’s outturn entitlement, the Xxxxxx may, at its discretion, either replace the physical shortfall in the Clients outturn entitlement or pay the Client for the deficiency in the outturn entitlement at the Washout Price. 9.6 12.6. For the purpose of Clauses 9.4 12.4 & 9.512.5, “Washout Price” for the Client’s grain, unless otherwise agreed, is the spot market price determined by an average of three independent brokers calculated based on the day that the Client is advised of the variation. 9.7 12.7. Transport providers may be subject to load-time slotting during peak outturn periods, at the discretion and management of the Xxxxxx. Site contacts are contained in Schedule 3 of this agreement.

Appears in 1 contract

Samples: Storage and Handling Agreement

Outturn. 9.1 11.1. The Client must give the Xxxxxx xxxxxx at least 1-day’s 1 weeks written notice of a request to outturn Commodity (Outturn Request) advising;: (a) 11.1.1. Quantity; (b) 11.1.2. Grade;: (c) 11.1.3. Name of Transport Provider;; and (d) 11.1.4. Estimated time of arrival of Transport Provider. 9.2 11.2. As soon as is practicable following receipt of an Outturn Request under clause 9.1 11.1 the Xxxxxx will confirm particulars of outturn (Outturn Confirmation). 9.3 11.3. The Client acknowledges that the Xxxxxx has no obligation to outturn Commodity other than as provided in an Outturn Confirmation. 9.4 11.4. If the actual tonnage outturned to the Client exceeds the Client’s Clients outturn entitlement, the Client must either pay the Xxxxxx for the excess at the Washout Price or replace the excess shortfall by using other grades as negotiated and agreed with the Xxxxxx. 9.5 11.5. If the actual tonnage outturned to the Client is less than the Client’s outturn entitlement, the Xxxxxx may, at its discretion, either replace the physical shortfall in the Clients outturn entitlement or pay the Client for the deficiency in the outturn entitlement at the Washout Price. 9.6 11.6. For the purpose of Clauses 9.4 11.4 & 9.511.5, “Washout Price” for the Client’s grain, unless otherwise agreed, is the spot market price determined by an average of three independent brokers calculated based on the day that the Client is advised of the variation. 9.7 11.7. Transport providers may be subject to load-time slotting during peak outturn periods, at the discretion and management of the Xxxxxx. Site contacts are contained in Schedule 3 of this agreement.

Appears in 1 contract

Samples: Storage and Handling Agreement

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