Cargo Tolerance definition
Cargo Tolerance means, with respect to a shipment, the operational tolerance that the Parties may agree in the applicable Confirmation Notice, if any, expressed as a percentage of the Deemed Cargo Quantity.
Cargo Tolerance has the meaning specified in the Confirmation Memorandum. Claims: means all claims, demands, legal proceedings, or actions that may exist, arise, or be threatened currently or in the future at any time following the Execution Date, whether or not of a type contemplated by any Party and whether based on federal, state, local, statutory or common law or other applicable Law.
Examples of Cargo Tolerance in a sentence
The Deficiency Quantity shall be calculated without regard to the Cargo Tolerance.