Platts Oilgram definition
Examples of Platts Oilgram in a sentence
If the price of fuel for each voyage as determined by the Platt's Oilgram for the port of New York ▇▇▇▇▇▇ most recently preceding the bill of lading date is greater or less t▇▇▇ USD 100.00 pmt, then the freight rate to be increased or decreased by USD 0.01 pmt for each dollar that the fuel price so varies, up to a maximum of USD 0.50 pmt from the base USD 100.00 per metric ton rate.
If Platts Oilgram ceases to provide the information to be obtained therefrom pursuant to this Agreement, the Parties shall negotiate in good faith to agree upon a replacement publication or pricing mechanism.
Company shall pay Carrier the value of any volume gained, and Carrier shall pay Company the value of any volume lost, with the value of Crude Oil gained or lost being equal to the average midpoint of the prices published by Platts Oilgram for Louisiana light sweet Crude Oil on each publication Day during that Month.
If Platts Oilgram discontinues publication of prices for Louisiana Light Sweet Crude Oil or ceases to provide the information to be obtained therefrom pursuant to this Agreement, the Parties shall negotiate in good faith to agree upon a replacement publication or pricing mechanism.
Owners to supply Platt's Oilgram for the relevant date as ▇▇▇▇▇▇ on invoicing.
The weighted average will be based on the days in each calendar month when a closing price is reported in Platts Oilgram price report.
In the event that Platts Oilgram ceases to be published or is not published for fifteen (15) days in the period required for its use in this Article 13.1(a)(ii) then the required data shall be taken from an available alternative publication internationally recognised by the Petroleum industry.
The calculation of payments to be made shall be based on the volume delivered and the price determined with reference to the price assessment published in the S&P Global Platts Oilgram Price Report for 10ppm Sulphur Gasoil FOB Singapore, and in accordance with the 2024 Diesel Fuel Supply Agreement.
The weighted average shall be based on the days in each calendar month when a closing price is reported in "Platts Oilgram" price report.
Vessels hired/third party/excluded items are as follows: Marichem Gas Bottles (Oxygen - Acetylene) Buyers to pay extra for remaining bunkers at the following prices: For IFO 380 CST, IFO 180 CST and MDO at the Published Platts Oilgram price issued at the port close to delivery three (3) banking days prior to the expected date of delivery and unused luboil that have not passed through vessel’s system in designated storage tanks and sealed drums only at owners last net contract prices evidenced by vouchers.