Completion of Loading definition
Examples of Completion of Loading in a sentence
In the event Customer’s Vessel fails to vacate its berth at the Terminal upon Completion of Loading or as otherwise required under the Marine Provisions and/or under the Port Procedures (as applicable), unless such failure is caused solely by Enterprise, Customer will pay Enterprise an additional dockage fee equal to $7,000 per hour for each hour (or part thereof) that such Vessel so remains at its berth at the Terminal (the “Excess Occupancy Payment”).
Customer must notify Enterprise of any Claim for demurrage under this Section 8 in writing, and must provide a fully documented claim therefor within ninety (90) calendar days following Completion of Loading for the applicable Vessel.
Seller shall, within forty-eight (48) hours following Completion of Loading, notify Buyer or cause Buyer to be notified of the quality of the LNG loaded onto the LNG Ship by provision of a written notice, the form of which is to be agreed by the Parties.
Buyer shall, within forty-eight (48) hours following Completion of Loading, notify Seller of the volume of LNG loaded.
If the Quantity Delivered and/or the Price in respect of an LNG Cargo is not capable of being finally determined in accordance with Clause 10.3 promptly following Completion of Loading in respect of such LNG Cargo, Seller shall provide Buyer with a preliminary invoice as soon as practicable after Completion of Loading.
Used Laytime shall however recommence two (2) hours after Completion of Loading if the LNG Vessel is delayed in its departure due to the Seller’s purposes and shall continue until the termination of such delay.
Notwithstanding that the point of sale, purchase and title transfer for the LNG is as provided in Section 9, the quantity of LNG delivered, sold and purchased shall be determined immediately after Completion of Loading, in the case of an FOB delivery, or Completion of Unloading, in the case of a DES delivery, of each LNG Vessel.