Examples of Warehouser in a sentence
The Warehouser acknowledges that EMERALD must apply treatments to Commodity stored under warehouse in the EMERALD system (EMERALD does so in accordance with its treatment regime) and that during the course of such treatments, the Commodity will not be available for outturn.
Outturn charges as outlined in Schedule 2 will be payable by the Warehouser in accordance with these terms and conditions when the Commodity is outturned.
If the EMERALD system does not hold sufficient Commodity of the type and specification of the Warehouser’s Commodity at the time the Warehouser outturns its Outturn Entitlement, EMERALD will be entitled to satisfy any such physical shortfall by payment of compensation at the Season Average Price.
Where the Warehouser is in default of payment of any amounts due and payable to EMERALD on any account for more than 7 days after the due date and has failed to make full payment after 21 days written notice, EMERALD is entitled to sell the Commodity and/or the Outturn Entitlement (to the extent required to meet the debt) in such manner as it sees fit and acting reasonably, and shall account to the Warehouser for the sale proceeds net of selling expenses and the amount owing to EMERALD.
It is the responsibility of the Warehouser to ensure Commodity is available for outturn by monitoring the site availability status by contacting the Site Manager at the relevant EMERALD site.