Alternative Delivery Procedure definition

Alternative Delivery Procedure means the procedure prescribed under Section 7;

Alternative Delivery Procedure means an agreement between the Seller and the Buyer in or “ADP” accordance with Rule IIII.13, which has been duly notified by the Seller and the Buyer to the Clearing

Alternative Delivery Procedure. Means delivery of CPO under terms and conditions that are different from this Specifications and the Rules, as contemplated in Clause 6; Analyst Means a FOSFA member analyst for Oils and Fats as per the FOSFA Member Directory as amended from time to time; Award Means any final decision, made by an arbitral tribunal pursuant to an arbitration conducted before the Singapore International Arbitration Centre (SIAC) as contemplated in the Trading Rules; Buyer Means the buying party who is the direct counterparty responsible for taking delivery of the CPO in a CPO Contract; Buying Member Means the Clearing Member who clears on behalf of the Buyer; Cargo Shall have the meaning ascribed to it under Clause 4.6.3; Cargo Value Means the value in US Dollars of the Cargo valued at the Exchange Delivery Settlement Price2, as evidenced by the commercial invoice included in the Provisional Documents; 1 Trading Rules refers to the SGX Futures Trading Rules available at xxx.xxx.xxx.

Examples of Alternative Delivery Procedure in a sentence

• The delivery of a notice of Alternative Delivery Procedure under Section 7.1 to the Clearing House shall vest sole responsibility for the making and taking of delivery onto the Seller and Buyer and shall release the Buying Member, the Selling Member and the Clearing House from their respective obligations under the rules of the Clearing House.

• Any obligation or liability of the Buyer, Seller, Selling Member or Buying Member (the “Defaulting party”) to the other of them (the “Non-defaulting parties”) as the case may be arising out of a default by the Defaulting party of any obligation under these SICOM TSR 20 Rubber Contract Specifications shall, except in the case where an Alternative Delivery Procedure has been elected, also be deemed a joint and several obligation or liability of the Defaulting party to the Clearing House.

• The term " Emissions Alternative Delivery Procedure" or "EADP" means the circumstances and means by which delivery may be effected in accordance with paragraph 6 of this Part A.

• The relevant Clearing Participants and the Clearing House shall be released from their respective obligations or liabilities in respect of delivery pursuant to the Rules upon the election of an Alternative Delivery Procedure.

• Where Alternative Delivery Procedure is agreed, the relevant Clearing Participants must notify the Clearing House in the form and manner prescribed by the Clearing House.

• K.13.2 In the event the Seller and Buyer so agree (an "Alternative Delivery Procedure" or "ADP"), they shall each immediately give notice of that fact to the Clearing House in such form and containing such details as may from time to time be prescribed by the Clearing House.

• K.9.5 Notwithstanding Rules K.9.1 to K.9.4 and in accordance with Rule K.13 (Alternative Delivery Procedure), delivery may be made by any other modes of delivery or in any other location.

• If the Buyer and the Seller opt for an ADP, delivery shall be in accordance with procedures set forth in Clause 7 (Alternative Delivery Procedure (ADP)).

• The Contractor is required, where practicable and where the Authorised Officer requires, to segregate, transport and dispose separately all collected recyclable materials to the Council’s nominated disposal point.

• In such a case, the Seller and Buyer shall jointly execute a notice of Alternative Delivery Procedure on the form prescribed by the Exchange and shall deliver a completed executed copy of such notice to the Clearing House not later than 12.00 noon on the last Business Day of the Delivery Month.

More Definitions of Alternative Delivery Procedure

Alternative Delivery Procedure or "ADP" means that the Parties have agreed to make and accept deliveries of Gas under a NYMEX Gas Futures Contract under terms that are different from the delivery terms specified in the Futures Contract and have notified NYMEX that the transaction will be completed under the Alternative Delivery Procedure as provided in the NYMEX Rules. ADP shall incorporate the meaning and remedies of Priority Firm as described herein.