Shrinkage Allowance. (a) A shrinkage allowance (the Shrinkage Allowance) of 0.5% of the quantity of the original Consignment delivered (or Client's Entitlement, if applicable) will be deducted in respect of all Receival Tonnage(For clarification, if 100 tonnes of Product is received, after allowing for the Shrinkage Allowance only 99.50 tonnes will be Outturned.) (b) After the Shrinkage Allowance has been deducted, title in the shrinkage residue (being a volume of Product representing the shrunk tonnage) will be taken to have transferred to QBT. (c) Any dust extracted from the Facility during the Outturning of a Consignment is included in the Outturn Tonnage and remains the property of the Client. Unless the Client requests otherwise, QBT will dispose of dust following the Outturning of a Consignment. (d) The Client acknowledges and agrees that Receival Fees and Storage Fees payable by the Client in accordance with this Agreement will be levied against the Receival Tonnage, the Outturn Fee will calculated having regard to the Shrinking Allowance.
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Samples: Bulk Storage and Handling Agreement, Bulk Storage and Handling Agreement
Shrinkage Allowance. (a) A shrinkage allowance (the Shrinkage Allowance) of 0.5% of the quantity of the original Consignment delivered (or Client's Entitlement, if applicable) will be deducted in respect of all Receival Tonnage(For Product that is Outturned from the Facility; (For clarification, if 100 tonnes of Product is received, after allowing for the Shrinkage Allowance only 99.50 tonnes will be Outturned.)
(b) After the Shrinkage Allowance has been deducted, title in the shrinkage residue (being a volume of Product representing the shrunk tonnage) will be taken to have transferred to QBT.;
(c) Any dust extracted from the Facility during the Outturning of a Consignment is included in the Outturn Tonnage and remains the property of the Client. Unless the Client requests otherwise, QBT will dispose of dust following the Outturning of a Consignment., at QBT's discretion;
(d) The Client acknowledges and agrees that Receival the Additional Storage Fees and Storage Fees fees for fumigation payable by the Client in accordance with this Agreement will be levied against the Receival Tonnage, and the Outturn Container Packing Fee and Outloading Fee will be calculated having regard to the Shrinking AllowanceOutturn Tonnage.
Appears in 1 contract
Samples: Container Packing Agreement
Shrinkage Allowance. (a) A shrinkage allowance (the Shrinkage Allowance) of 0.5% of the quantity of the original Consignment delivered (or Client's Entitlement, if applicable) will be deducted in respect of all Receival Tonnage(For clarification, if 100 tonnes of Product is received, after allowing for the Shrinkage Allowance only 99.50 tonnes will be Outturned.);
(b) After the Shrinkage Allowance has been deducted, title in the shrinkage residue (being a volume of Product representing the shrunk tonnage) will be taken to have transferred to QBT.;
(c) Any dust extracted from the Facility during the Outturning of a Consignment is included in the Outturn Tonnage and remains the property of the Client. Unless the Client requests otherwise, QBT will dispose of dust following the Outturning of a Consignment., at QBT's discretion;
(d) The Client acknowledges and agrees that Receival Fees and Storage Fees payable by the Client in accordance with this Agreement will be levied against the Receival Tonnage, the Outturn Fee will calculated having regard to the Shrinking Allowance.
Appears in 1 contract
Samples: Bulk Storage and Handling Agreement