Supply Point Method definition

Supply Point Method has the meaning given such term in Clause 5(f)(ii).
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Examples of Supply Point Method in a sentence

  • Buyer has two methods of requesting Seller to provide a Cargo to meet Buyer’s Requirement, the Execution Method and the Supply Point Method.

  • Whether a Cargo is purchased under the Execution Method or the Supply Point Method above, Seller shall promptly complete and communicate to Buyer a notice in the format set forth in Appendix 10 (a “Cargo Confirmation Notice”) after a Cargo has been purchased.

  • For Cargoes shipped using the Supply Point Method all shipping considerations upstream of the Supply Port are for the account of Seller.

  • If the Cargo will be Supplied under the Supply Point Method then the price will be agreed between the Parties.

  • Under the Supply Point Method, any additional costs, including, but not limited to, Lightering barges in the Delaware River, outturn losses and storage costs, between the pre-defined supply point and such Cargo’s Supply to the Refinery shall be determined in the same manner as for Cargoes delivered under the Execution Method.

  • Under the Supply Point Method, the Transparent Contractual Terms shall include all the terms necessary for the Parties to agree on a price for the Cargo supplied to an agreed-upon supply point.

  • Under the Supply Point Method, the Transparent Contractual Terms shall include all the terms necessary for the Parties to agree on a price for the Cargo supplied to an agree-upon supply point.

  • Except as otherwise set forth in this Agreement, if the Supply Point Method is used all Supply costs up to the Supply Port [REDACTED].

  • Except as otherwise set forth in this Agreement, if the Supply Point Method is used all supply costs up to the Supply Port are [REDACTED].

  • The Supply Point Method shall be used whenever Buyer agrees to purchase a Cargo from Seller’s or its Affiliate’s portfolio.