Bid Premium definition

Bid Premium means (i) for Tankers, the premium associated with the Bid Price for an Uncommitted Shipper Nomination to the Westridge Marine Terminal calculated by multiplying the Bid Price by the Vessel volume Nominated and (ii) for Barges, the premium associated with the Bid Price for an Uncommitted Shipper Nomination to the Westridge Marine Terminal calculated by multiplying the Bid Price by the volume Nominated, up to the Available Capacity determined pursuant to Rule 14.3(c)(ii) and loaded onto no more than two (2) Barges.
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Bid Premium means the premium offered by an Uncommitted Shipper for a Nomination, expressed in Canadian cents per Cubic Meter.
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Bid Premium means the premium associated with the Bid Price for an Uncommitted Shipper Nomination to the Westridge Marine Terminal calculated by multiplying the Bid Price by the Vessel volume Nominated.
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Examples of Bid Premium in a sentence

  • Bid Premium Rates shall be added to all redetermined rates, except as provided in B3.31, B3.32, and B3.33.

  • Bid Premium Rates shall be added to all redetermined rates, except as provided in BT3.31, BT3.32, and BT3.33.

  • Bid Premium Rates shall be added to all redetermined rates, except as provided in D.3.1, D.3.2, and D.3.3.

  • The Bid Premium Rates are constant during this contract, except as provided in B3.31, B3.32, and B3.33.

  • Bid Premium Rates are the amounts by which Purchaser's bid is in excess of Advertised Rates.

  • Bid Rates are the rates bid by Purchaser (exclusive of Required Deposits for slash disposal, road maintenance, and contract scaling) and are the sum of Advertised Rates and Bid Premium Rates.

  • Bid Premium Rates shall be added to all redetermined rates, except as pro- vided in B3.31, B3.32, and B3.33.

  • Bid Premium Rates shall be added to all redetermined rates, except as pro- vided in B3.31, B3.32, and B3.33.‌‌ Rate redeterminations shall be made in accordance with the standard Forest Service methods in effect 45 days prior to rate redetermination.

  • Bid Premium Rates shall be added to all redetermined rates, except as provided in DT.3.1, DT.3.2, and DT.3.3.

  • Bid Premium Rates shall be added to such appraised rates to establish Flat Rates or Tentative Rates for the extension period.


More Definitions of Bid Premium

Bid Premium means percentage rate above/below quoted by the contractor over departmental rates or if worked out in item rates, the percentage of bid amount over sanctioned estimated amount for deciding competence to sanction bid.
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Bid Premium means the premium associated with the Bid Price for Advanced Dock Nominations calculated by multiplying the Bid Price by the Vessel volume Nominated.
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Related to Bid Premium

  • Extra Premium means an additional amount charged by Us, as per Our Underwriting Policy, which is determined on the basis of disclosures made by You in the Proposal Form or any other information received by Us including medical examination report of the Life Insured.

  • Auction Premium means the difference between the clearing price and the reserve price in an auction;

  • Single Premium means the amount payable by the Policyholder at the Policy Commencement Date, as per the amount specified in the Schedule.

  • Annualised Premium means the premium amount payable in a year chosen by the policyholder, excluding the taxes, rider premiums, underwriting extra premiums and loadings for modal premiums, if any as specified in the Schedule.

  • Maximum Premium has the meaning set forth in Section 7.06(b).