Common use of Vessel Substitution Clause in Contracts

Vessel Substitution. If a Vessel nomination is rejected by Xxxxx, Seller shall nominate another, suitable Vessel for Buyer’s acceptance as provided in these GTCs. If a Vessel nomination is accepted by Xxxxx, Seller may substitute another Vessel by nominating it for Buyer’s acceptance. Nomination of a substitute Xxxxxx shall be made no later than four days before the Vessel’s arrival at the Cargo Transfer Point.