Common use of Delivery / Collection Clause in Contracts

Delivery / Collection. If the basis of contract is delivered Sellers shall be responsible for providing suitable road tanker/vessel tank(s) for delivery of the oil during the contract period. Sellers shall give Buyers at least 3 working days notice (for delivery by road tankers) or 7 working days notice (for delivery by vessels) of the intention to effect delivery. If the basis of contract is collection, Buyers shall be responsible for providing suitable road tanker/vessel tank(s) for collection of the oil during the contract period. Buyers shall give Sellers at least 3 working days notice (for collection by road tankers) or 7 working days notice (for collection by vessels) of their intention to effect collection stating quantity to be collected per day and the particulars of the fleet of road tankers (intended to be employed)/vessels. When there is more than one contract for the similar oil between the parties for the same delivery/collection period, the delivery/collection shall follow the dates of the respective contracts on a "first in, first out" basis.

Delivery / Collection. If the basis of contract is delivered Sellers delivered, Seller shall be responsible for providing suitable road tankertankers/vessel tank(s) for delivery of the oil during the contract period. Sellers Seller shall give Buyers Buyer at least 3 working business days notice (for delivery by road tankers) or 7 working business days notice (for delivery by vessels) of the intention to effect delivery. If the basis of contract is collection, Buyers Buyer shall be responsible for providing suitable road tankertankers/vessel tank(s) for collection of the oil during the contract period. Buyers Buyer shall give Sellers Seller at least 3 working business days notice (for collection by road tankers) or 7 working business days notice (for collection by vessels) of their the intention to effect collection collection, stating quantity to be collected per day and the particulars of the fleet of road tankers (intended to be employed)/vessels. When there is more than one contract for the similar oil between the parties for the same delivery/collection period, the delivery/collection shall follow the dates of the respective contracts on a "“first in, first out" ” basis.