Common use of Receipt and Delivery of Product Clause in Contracts

Receipt and Delivery of Product. Customer will deliver Products to the Terminal Facilities in bulk. In compliance with all applicable state, federal and local laws and regulations, Terminal will receive, store, handle and reship such Products in accordance with Customer’s reasonable requirements submitted to Terminal by Customer in writing and will tender such Products to carriers for shipment as directed by Customer in writing. The receipt, formulating, storage, handling, reshipment and related operations contemplated hereunder will be conducted by or on behalf of Terminal in accordance with generally accepted terminaling practices. Receipts will be issued by Terminal to Customer for all Products delivered to Terminal by or for Customer. In-tank transfers from or to other throughput customers at a Terminal Facility shall be evidenced by Terminal’s issuance of a stock movement confirmation. All movements will be verified either via pipeline transfer ticket, if applicable, or by a suitable independent inspection agency if so selected by Customer and reasonably satisfactory to Terminal, with the cost of such agency to be borne by Customer.

Appears in 4 contracts

Samples: Terminaling Services Agreement (World Point Terminals, LP), Terminaling Services Agreement (World Point Terminals, LP), Terminaling Services Agreement (World Point Terminals, LP)

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Receipt and Delivery of Product. Customer will deliver Products to the Terminal Facilities in bulk. In compliance with all applicable state, federal and local laws and regulations, Terminal will receive, store, handle and reship such Products in accordance with Customer’s reasonable requirements submitted to Terminal by Customer in writing and will tender such Products to carriers for shipment as directed by Customer in writing. The receipt, formulating, storage, handling, reshipment and related operations contemplated hereunder will be conducted by or on behalf of Terminal in accordance with generally accepted terminaling practices. Receipts will be issued by Terminal to Customer for all Products delivered to Terminal by or for Customer. In-tank transfers from or to other throughput customers at a Terminal Facility shall be evidenced by Terminal’s issuance of a stock movement confirmation. All movements will be verified either via pipeline transfer ticket, if applicable, or by a suitable independent inspection agency if so selected by Customer and reasonably satisfactory to Terminal, with the cost of such agency to be borne by Customer. For clarity, Terminal will have complete control and responsibility for the operation of the Terminal Facilities at all times.

Appears in 2 contracts

Samples: Terminaling Services Agreement (World Point Terminals, LP), Terminaling Services Agreement (World Point Terminals, LP)

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