Delivery Scheduling. Without in any way limiting the obligations of Air Products to purchase methanol pursuant to this Agreement and subject to Section 1.4 of the cover agreement: (a) Air Products shall, no later than ninety (90) days prior to the commencement of a calendar year, provide MMC with a breakdown of its anticipated methanol volume requirements, delivery locations and applicable Incoterms pursuant to this Agreement for the US Gulf, Billingham and Alternate Delivery Points, if applicable, for such calendar year. (b) Air Products shall, no later than the thirtieth (30th) day of each month of each calendar year, forward to MMC a rolling three month schedule detailing Air Products’ firm methanol volume requirements, delivery locations, applicable Incoterms, nomination of vessels, if applicable, and quantity per shipment for the second succeeding month (which schedule shall have previously been discussed and agreed to between the parties) and tentative methanol volume requirements, delivery locations, applicable Incoterms, nomination of vessels, if applicable, and quantity per shipment for the third and fourth succeeding months. Notwithstanding the foregoing, all methanol volume requirements to be detailed under this paragraph 9(b) shall be in amounts that do not exceed [*****] nor are they less than [*****] of the respective quantities set out in paragraph 9(a) above and the parties’ respective obligations to purchase and sell methanol hereunder are limited to such amounts; provided that nothing in this paragraph 9(b) prohibits the parties from agreeing to such other amounts. (c) Air Products shall take delivery of the methanol in approximately equal quantities evenly spread over a Year unless otherwise agreed by Air Products and MMC in writing.
Appears in 1 contract
Sources: Methanol Purchase and Sale Agreement (TAMINCO ACQUISITION Corp)
Delivery Scheduling. Without in any way limiting the obligations of Air Products to purchase methanol pursuant to this Agreement and subject to Section 1.4 of the cover agreement:
(a) Air Products shall, no later than ninety (90) days prior to the commencement of a calendar year, provide MMC with a breakdown of its anticipated methanol volume requirements, delivery locations and applicable Incoterms pursuant to this Agreement for the US Gulf, Billingham and Alternate Delivery Points, [*****] if applicable, for such calendar year.
(b) Air Products shall, no later than the thirtieth (30th) day of each month of each calendar year, forward to MMC a rolling three month schedule detailing Air Products’ firm methanol volume requirements, delivery locations, applicable Incoterms, nomination of vessels, if applicable, and quantity per shipment for the second succeeding month (which schedule shall have previously been discussed and agreed to between the parties) and tentative methanol volume requirements, delivery locations, applicable Incoterms, nomination of vessels, if applicable, and quantity per shipment for the third and fourth succeeding months. Notwithstanding the foregoing, all methanol volume requirements to be detailed under this paragraph 9(b) shall be in amounts that do not exceed [*****] nor are they less than [*****] of the respective quantities set out in paragraph 9(a) above and the parties’ respective obligations to purchase and sell methanol hereunder are limited to such amounts; provided that nothing in this paragraph 9(b) prohibits the parties from agreeing to such other amounts.
(c) Air Products shall take delivery of the methanol in approximately equal quantities evenly spread over a Year unless otherwise agreed by Air Products and MMC in writing.
Appears in 1 contract
Sources: Methanol Purchase and Sale Agreement (TAMINCO ACQUISITION Corp)