Loading Terminal definition
Examples of Loading Terminal in a sentence
In the event of delay directly attributable to fire or explosion or breakdown of failure of equipment, plant or machinery at the Loading Terminal, the rate of demurrage shall be reduced by half for the period of such delay.
Notwithstanding section 9.5.b, the Buyer shall be deemed to be fully familiar with such Loading Terminal requirements and shall nominate a Vessel that can comply with such requirements at all the time.
After the receipt of the NOR pursuant to section 9.7, the Seller, having regard to the requirements of the Loading Terminal, Loading Terminal procedures and the time when the vessel has complied with the provisions of section 9.7.a, shall commence loading as soon as reasonably practicable.
If the Buyer’s Vessel fails, for any reason, to give at least 24 hours prior notice of arrival at the Loading Terminal, the time allowed to the Seller for loading pursuant to Article 9.8 shall be extended by a period equal to the delay in giving such 24 hours’ notice, but in any case not exceeding an additional 24 hours.
The “Agreed Delivery Route” will define the salient factors attributable to that Cargo, including, but not limited to; (1) the Loading Terminal, (2) Vessel size, (3) transportation route and (4) any Lightering requirements.