CFR Terms Sample Clauses

CFR Terms. These terms apply in circumstances where the Goods is sold on CFR Terms as defined in accordance with INCOTERMS. 8.3.2.1. Goods shall be shipped on vessels nominated by NEXUS. vessels shall be loaded by NEXUS and / or its nominated contractors. 8.3.2.2. The Goods shall be deemed to be delivered and risk in and to the Goods shall pass to the Buyer on the Goods passing the ship's rail. The Buyer is responsible for arranging for all inspections and obtaining all permits necessary for the import into the country of destination, including any inspections required to be undertaken or any permits required to be obtained at the port of loading and shall ensure that such inspections and / or permits are carried out or obtained so as not to delay loading of the vessel. 8.3.2.3. The Buyer shall be required to nominate the discharge port and the Buyer warrants that the discharge port is safe for the vessel to enter and lie alongside always afloat (one safe port, one safe berth, always alongside always afloat). 8.3.2.4. For avoidance of doubt, it is recorded that it is the Buyer's obligation to arrange for a suitable berth for the vessel and to discharge the vessel. The Buyer shall be responsible for all costs in relation to the discharge, including but not limited to the costs of stevedores, wharfage, berth dues, tally costs and draft surveys. 8.3.2.5. NEXUS does not guarantee that the vessel will arrive at the discharge port at any particular time. NEXUS shall provide the Buyer with 15, 10, 7, 5, 3, 2 days and 24 hours notice of the vessel's ETA at the discharge port. 8.3.2.6. Vessels must be discharged within the Laytime. The Laytime shall be calculated with reference to the discharge rate agreed in the Contract. Laytime shall commence 12 hours after notice of readiness is tendered by the vessel. Notice of readiness may be tendered anytime day or night, Sundays and holidays included (excluding Super Holidays) upon the vessel's arrival at the port of discharge, whether in free pratique or not (WIFPON) and whether in customs clearance or not (WICCON). Any time lost due to the following events shall not be counted as Laytime: 8.3.2.7. Force Majeure as provided for in clause 13.7; 8.3.2.8. Inclement weather which would ordinarily prevent the discharge of the Goods. 8.3.2.9. Laytime shall cease on the completion of discharge of the vessel once the stevedores equipment and personnel have disembarked.
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Related to CFR Terms

  • Same Terms All terms used herein which are defined in the Credit Agreement shall have the same meanings when used herein, unless the context hereof otherwise requires or provides. In addition, (i) all references in the Loan Documents to the “Agreement” shall mean the Credit Agreement, as amended by this Amendment, and (ii) all references in the Loan Documents to the “Loan Documents” shall mean the Loan Documents, as amended by this Amendment, as the same shall hereafter be amended from time to time.

  • CONTRACT TERMS AND CONDITIONS This section sets forth the terms and conditions of the Contract.

  • Contract Terms The contract term will be one (1) year, effective from date of award. The City and the Supplier shall have the option to renew this contract for an additional two (2) one-year periods. The contract shall commence upon the issuance of a Notice of Award by the City of ▇▇▇▇▇▇ and shall automatically renew each year, from the date of award by City Council, unless either party notifies the other prior to the scheduled renewal date. At the sole option of the City of ▇▇▇▇▇▇, the contract may be further extended as needed, not to exceed a total of six (6) months.

  • ACCEPTANCE OF CONTRACT/TERMS AND CONDITIONS (a) This Contract integrates, merges, and supersedes any prior offers, negotiations, and agreements concerning the subject matter hereof and constitutes the entire agreement between the parties. (b) SELLER's acknowledgment, acceptance of payment, or commencement of performance, shall constitute SELLER's unqualified acceptance of this Contract. (c) Unless expressly accepted in writing by LOCKHEED ▇▇▇▇▇▇, additional or differing terms or conditions proposed by SELLER or included in SELLER's acknowledgment are objected to by LOCKHEED ▇▇▇▇▇▇ and have no effect. (d) The headings used in this Contract are inserted for the convenience of the parties and shall not define, limit, or describe the scope or the intent of the provisions of this Contract.

  • Other Terms & Conditions 15.6.1. On termination of License Agreement: a. All third party agreements, entered by the Licensee with respect to the said property business space, shall stand terminated with immediate effect ; b. In case of termination of agreement on account of Licensee’s Events of Default, the interest free Security Deposit and/or Performance Security shall be forfeited in favour of Maha-Metro. Any outstanding dues payable to Maha-Metro shall be adjusted/ recovered from the advance license fee and forfeited interest free Security Deposit. Balance outstanding dues, if remaining after adjustment of outstanding dues from the advance license fee and interest free Security Deposit, shall be recovered from the licensee. c. All utilities shall be disconnected with immediate effect, unless otherwise specified elsewhere, and 15.6.2. A notice of vacation shall be issued to the Licensee to vacate the premises within 30 days. i. On termination of the license agreement, the Licensee shall handover the vacant possession of premises to the Maha-Metro’s authorized representative within 30 days from the date of termination of License Agreement, after removal of plants, equipments, furniture, fixtures, etc. installed by the Licensee at its own cost, without causing damage to Maha-Metro structures. The Licensee shall be allowed to remove their temporary structures, assets like furniture, almirahs, airconditioners, DG sets, equipments, etc without causing damage to the structure. However, the Licensee shall not be allowed to remove any facility, equipment, fixture, etc. which has become an integral part of the development plan of the space. The Licensee agrees voluntarily and un-equivocally not to seek any claim, damages, compensation or any other consideration whatsoever on this account. If the premise is not handed over in good condition as required under this clause, Maha-Metro reserves the right to deduct/ recover damage charges. No grace period shall be provided to licensee, if licensee terminates the contract within the lockin period. ii. If the Licensee fails to vacate the premises within the grace period of ninety (90) days, penalty of twice the prevalent monthly License Fee shall be chargeable for occupation for this thirty (30) days period. And, after lapse of this ninety (90) days grace period, Maha- Metro shall take over the goods / property treating at NIL/ Zero value, even if it is under lock & key; and shall be free to dispose-off the property in whatsoever manner as it deems fit. Licensee shall have no claim for compensation or consideration / damages after completion of grace period. If, licensee fails to pay the penalty, applicable in case of non- vacation of premises, the same shall be adjusted from the Interest Free Security Deposit / Performance Security available with Maha-Metro. No grace period shall be provided to licensee, if licensee terminates the contract within the lock-in period. iii. After vacating the premises, the Licensee shall submit a vacation certificate from the Maha-Metro’s authorized representative as a proof of Licensee having vacated the site. Licensee’s statement regarding vacation, without a vacation certificate from the Station in-charge or its authorized representative, shall not be accepted. iv. The termination of this Agreement shall not relieve either party from its obligation to pay any sums then owing to the other party nor from the obligation to perform or discharge any liability that had been incurred prior thereto. The Licensee shall be liable to pay all dues outstanding to Maha-Metro including electricity, chiller and other utility charges under this agreement without prejudice to rights and remedies applicable under the law. The final settlement of dues shall take place after submission of vacation certificate from the Depot in charge or his authorized representative subsequent to termination of License Agreement.