Execution Method definition
Examples of Execution Method in a sentence
Buyer has two methods of requesting Seller to provide a Cargo to meet Buyer’s Requirement, the Execution Method and the Supply Point Method.
Whether a Cargo is purchased under the Execution Method or the Supply Point Method above, Seller shall promptly complete and communicate to Buyer a notice in the format set forth in Appendix 10 (a “Cargo Confirmation Notice”) after a Cargo has been purchased.
If the Execution Method is used, Seller shall use [REDACTED], etc.
Under the Execution Method, the Transparent Contractual Terms shall include all of the terms necessary for Seller to negotiate and acquire a Cargo directly from a third party.
Under the Supply Point Method, any additional costs, including, but not limited to, Lightering barges in the Delaware River, outturn losses and storage costs, between the pre-defined supply point and such Cargo’s Supply to the Refinery shall be determined in the same manner as for Cargoes delivered under the Execution Method.
For example, if a freight cost is negotiated and established at a time after the Cargo was purchased under the Execution Method, that freight cost shall be added to the Cargo Confirmation Notice.
If such Cargo will be Supplied under the Execution Method then the FOB price will be set in principle to match the price reached by Seller with the supplier of the term volume, which if OSP-related will match the OSP of the respective Oil or Feedstock at the appropriate Loading Terminal, including any premium or discount.
For example, if a freight cost is negotiated and established at a time after the Cargo was purchased under the Execution Method, that freight cost shall be added to the Cargo Table.
If such Cargo will be Supplied under the Execution Method then the FOB price will be set in principle to match the price reached by Seller with the supplier of the term volume, which if OSP-related will match the OSP of the respective Oil at the appropriate Loading Terminal, including any premium or discount.
However, the foreign currency commerce ▇▇▇▇▇▇▇▇▇▇.▇▇▇▇▇ follows the international customs and Credit Execution Method To execute in accordance with the application of those who qualify for certain amounts of requirements.