Common use of General Storage Clause in Contracts

General Storage. 16.1 If in Seller’s opinion there is a shortage or there are shortages of supply of products, whether or not of the quality or grade designated by Buyer, at any of its present or future regular sources of supply or at any of those of its Supplier or Suppliers, with the result that Seller is unable to meet its requirements for sale to customers of all kinds, Seller may allocate, on any reasonable basis according to its own discretion, its available products among its customers both under this contract and, at Seller’s option, regular customers not then under contract. 16.2 Notwithstanding the provisions of sub-clause 16.1, Buyer shall not be relieved of any obligations under Clauses 2, 5 and 10 above to pay for the product delivered hereunder.

Appears in 2 contracts

Sources: General Terms & Conditions for Sale of Bunkers, General Terms and Conditions for Sale of Bunker

General Storage. 16.1 16.1. If in Seller’s opinion there is a shortage or there are shortages of supply of products, whether or not of the quality or grade designated by Buyer, at any of its present or future regular sources of supply or at any of those of its Supplier or Suppliers, with the result that Seller is unable to meet its requirements for sale to customers of all kinds, Seller may allocate, on any reasonable basis according to its own discretion, its available products among its customers both under this contract and, at Seller’s option, regular customers not then under contract. 16.2 16.2. Notwithstanding the provisions of sub-clause 16.1, Buyer shall not be relieved of any obligations under Clauses 2, 5 and 10 above to pay for the product delivered hereunder.

Appears in 1 contract

Sources: General Terms and Conditions for Sale of Bunker