GTA definition
Examples of GTA in a sentence
This contract is subject to the Trade Rules of Grain Trade Australia [GTA] currently in effect, and is subject to the rules of the market from which the grain is shipped, except to the extent the same are in conflict with the terms expressed herein.
On 26 February 2019, the Owner and the Lessee entered into a lease and operate agreement relating to a FLNG facility for the Greater Tortue/Ahmeyim ("GTA") gas field offshore of Mauritania and Senegal, to which the Operator acceded on 7 August 2019 pursuant to a deed of accession, as subsequently amended and restated pursuant to a deed of amendment and restatement (the "Amendment and Restatement Deed") on 3 September 2021 (the "Original LOA").
Any dispute arising out of this contract, including the existence of the contract and any question of law arising in connection therewith shall be referred to arbitration in accordance with the Dispute Resolution Rules of GTA in force at the commencement of the arbitration and of which both parties hereto shall be deemed to be cognizant.
Should the time limit for doing any act or giving any notice expire on a Saturday, Sunday or any public holiday in the state or country where the party required to do the act or give the notice resides or carries on business or in the state or country where the act has to be done or the notice has to be received or on any day which GTA shall declare to be a non- business day the time so limited shall be extended until the first business day thereafter.
Subject to the terms of the GTA Trade Rules, if the goods are not appropriated, or, having been appropriated documents are not presented, settlement by all parties in the circle shall be calculated on the mean contract quantity and shall be settled over the agreed market price on the first day for contractual shipment and invoices shall be settled between each Buyer and his Seller in the circle by payment of the differences between the agreed market price and the relative contract price.