Grading Room definition

Grading Room means the ICE Futures Europe Grading Room.
Grading Room means the LIFFE Grading Room.
Grading Room means the ICE Futures Europe Grading Room. “Grading Station” means the workbench where a Grading Panel or Appeal Panel grade a sample of Cocoa or Robusta Coffee. “grouped lot” shall mean two to five lots of Robusta Coffee which have been declared by the Owner and Member and confirmed by the Warehousekeeper as a grouped lot for grading purposes; the Robusta Coffee of which is from one Origin, ex one Vessel, shipped on one Bill of Lading, and stored in the same Warehouse under the control of the same Warehousekeeper. The results obtained by collectively grading samples from grouped lots under GWP D 3.4.2 shall apply to the individual lots. “Guardian” means the electronic system relating to the grading, tender, delivery and warrant management services, or any successor thereto, which amongst other things, records details on a Warrant relating to Cocoa and Robusta Coffee stored in a Warehouse for delivery under a contract. “ICE Futures Euro Cocoa Futures Contract

Examples of Grading Room in a sentence

  • Samples which have been in the Grading Room for more than two business days, and for which details are not complete, may be removed from the grading queue.

  • Requests to withdraw samples submitted to the Grading Room for grading may be made at any time prior to the sample being presented to the Grading Panel for grading.

  • D 2.7.3 The Exchange may at its sole discretion, designate the time or day at which samples may be delivered to the Grading Room.

  • At such time, the applicant Member may, subject to the agreement of the Exchange, arrange for the sample to be collected from the Grading Room.

  • D 3.5.3 The Exchange may at its sole discretion, designate the time or day at which samples may be delivered to the Grading Room.

  • The Warehousekeeper shall: (a) draw the sample in accordance with these GWPs; (b) upon completion of drawing the sample, send the sample direct to the Grading Room, for assessment by a Grading Panel appointed by the Exchange; and (c) in accordance with GWP D 1.3.3 enter onto Guardian all Warrant details no later than two business days after the arrival of the sample at the Grading Room.

  • D 2.7.4 A Member may request the Exchange to withdraw a sample submitted to the Grading Room for grading in accordance with the procedures detailed in Section E of these GWPs. Any such request must be made to the Grading Room via Guardian.

  • D 2.7.5 Where a valid request to withdraw a sample submitted to the Grading Room for grading has been received, the Exchange may charge the Member requesting the withdrawal a fee as prescribed from time to time by the Exchange.

  • D 3.5 Submission of a SampleD 3.5.1 A Warehousekeeper shall draw a grading sample in accordance with GWP D 3.4, and shall submit such sample directly to the Grading Room for grading.

  • Samples forming grouped lots shall all be presented to the Grading Room together; (c) in accordance with GWP D 1.3.3 enter all Warrant details of a parcel or lot on Guardian no later than two business days after the arrival of the sample at the Grading Room.


More Definitions of Grading Room

Grading Room means the LIFFE ICE Futures Europe Ltd Grading Room.

Related to Grading Room

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