Alternative Delivery Point definition
Examples of Alternative Delivery Point in a sentence
In the event of a Force Majeure condition at the Delivery Point, Buyer shall also have the option of loading Product at the Alternative Delivery Point.
For Product delivered at the Alternative Delivery Point, Buyer shall nominate tank truck transportation services.
The Parties agree that in this event, Seller shall discount from the Product's price (including the Service Fee), as set forth in Article 5.01, an amount equal to the operational costs of the terminal at the Delivery Point plus costs related to the transportation of Product through Seller's pipeline from the Alternative Delivery Point to the Delivery Point.
Buyer will comply, and will cause Buyer's ----------------- Representatives entering into the Delivery Point (or the Alternative Delivery Point, if such is the case) to comply, with all applicable terminal safety and health regulations.
The Product shall be then delivered FCA at the Alternative Delivery Point.
All information furnished by or on behalf of Borrower in writing to Lender in connection with this Agreement or any of the other Financing Agreements or any transaction contemplated hereby or thereby, including, without 35 42 limitation, all information on the Information Certificate is true and correct in all material respects on the date as of which such information is dated or certified and does not omit any material fact necessary in order to make such information not misleading.
Custody, risk of loss and contamination with respect to Product shall pass from Seller to Buyer at the scale exit of the Alternative Delivery Point.
If, by any reason of a programmed maintenance at the Delivery Point or Injection Point, or an event different from Force Majeure at the Delivery Point, Seller is not able to deliver Product at the Delivery Point, Seller shall immediately notify Buyer, and Buyer shall have the option of loading Product at the Alternative Delivery Point, in which case Buyer shall so notify Seller.
The Product shall be then delivered FCA at the scale exit of the Alternative Delivery Point.
Unless otherwise agreed by the Parties, the Party designating such an Alternative Delivery Point shall be solely responsible for all costs, including transmission costs, and risks, including risks of non-delivery, associated with the use of an Alternative Delivery Point.