Month M definition
Examples of Month M in a sentence
Terminal Operator and Shipper and Other Shippers shall discuss in good faith, with the aim of agreeing, before the last Day of Month M, the scheduling of Subscribed Additional Berthing Rights for Month M+2.
As soon as practical but ultimately by 1 October before each Contract Year, Terminal Operator shall communicate to Transshipper its Transshipment Berthing Right entitlement for each Month M in the next Contract Year.
For each Month M during which the Shipper is allocated the Uniform Send-Out Option, the price of the Uniform Send-Out Option, PQBM, is equal to the product of the TB rate of the Uniform Send-Out Option by the quantity QBM that is the subject of the Uniform Send-Out Option.
The “Delivered Volume” for Month M is equal to the Opening Inventory in Month M plus the Supplied Volume in Month M minus Closing Inventory in Month M.
For sake of clarity, Buyer’s Tentative Requirements Schedule/Buyer’s Requirements Schedule for Month M are the plans for Supply of Cargoes in Month M, whereas the Predicted Refinery Slate/Actual Refinery Slate for Month M (both as defined in Clause 9) are the plans for the number of Barrels of any Grade to be Delivered in that Month.