Load Port definition
Examples of Load Port in a sentence
RISK AND PROPERTY The risk of loss or damage to the Product and property in Product delivered under the Agreement shall pass or be deemed to pass to the Buyer as the Product passes in case of CIF basis - the vessel’s permanent flange at Load Port DES basis – the manifold flange connection of the vessel’s delivery hose at the Discharge terminal specified in the Agreement In Tank basis – upon confirmation by the Terminal operator of the transfer of the Product.
If the Vessel or the substitute Vessel arrives after the Laycan and, as a result, the berth is occupied by another vessel, laytime shall be postponed without demurrage charges for a period equal to the lesser of (i) forty-eight (48) hours and (ii) such time as is required to bring the Vessel alongside a suitable loading berth at the Load Port.
Cost for stevedoring overtime at the Load Port called for by Buyer is for Buyer’s account.
Promptly after receipt of Glencore’s shipment instructions, Nordural shall deliver Product to Glencore’s carrier at the Aluminum Load Port in accordance with Article IV of this Agreement.
For the avoidance of doubt, delivery of all Biomass hereunder shall be final and effective upon passage of title to Buyer at the Delivery Point (for DAP Shipments) or the Load Port (for FOB Shipments).