Buffer Stock definition

Buffer Stock means the Cobalt Alloy Stock to be established at OMG in KOKKOLA, FINLAND in accordance with article 10 of the J.V. Agreement and to be kept separate from the Ordinary Commercial Cobalt Alloy Stock of OMG KOKKOLA Chemicals Oy.
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Buffer Stock shall have the meaning provided in Section 7.6(a).
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Buffer Stock means a stock of Product, per OEM’s forecasted agreement, which is used to offset unexpected rises in demand for the Products.
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Examples of Buffer Stock in a sentence

  • The Buffer Stock so maintained should be replenished from time to time with fresh stocks.

  • It would be mandatory for all successful bidders to maintain a Rolling Reserve or Buffer Stock of each of the items entrusted to tide over supply bottlenecks, if any.

  • The Company will arrange that any FCM personnel attending on board the Tankers will be covered by the Company’s and/or by the Tanker’s (as may be appropriate) emergency evacuation procedures for the safe return of such personnel to shore in the event of serious injury or other serious health issues suffered by any such person and which require prompt evacuation to another facility.

  • The Buffer Stock should represent at least 10% of the Tentative Annual Consumption of the item.

  • The Buffer Stock should represent at least 10% of the Tentative Annual Consumption of the items in Table 1 of the Bid Document.


More Definitions of Buffer Stock

Buffer Stock has the meaning set forth in Section 7.9(a).
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Buffer Stock means the buffer stock established by article 21 and operated in accordance with chapter XIII of this Agreement;
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Buffer Stock means the Buffer Stock established under Article 20 of the International Tin Agreement 1971;
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Buffer Stock means the buffer stock to be established under Part VIII of the Agreement;
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Buffer Stock means the buffer stock established and operated in accordance with the provisions of chapter X of this Agreement.
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Buffer Stock means, in respect of each of the Master Products, the corresponding buffer stock quantity the Supplier is to maintain throughout the term of this Master Agreement, as set out in Schedule 3.
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Buffer Stock means stock held by the Contractor at the Contractor’s premises and reserved for the Customer in accordance with section 33 of these Additional Conditions.’;
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