Common use of Determination of Quantity and Quality Clause in Contracts

Determination of Quantity and Quality. 3.1 The quantity of the Product delivered under the CIF Port of Omisalj basis shall be determined at Load port in accordance with Load port installation procedure as per Local practice at the time of loading. Such determination shall be withessed and/or certificated by an Independent Inspector muttualy agreed by the Buyer and Seller and appointed by the Seller. The determinations made in accordance with above clause shall be set out in a Certificate of Quality and Quantity and will be final,conclusive and binding for both Parties save fraud or manifest error. The net quantity to be invoiced shall be the ▇▇▇▇▇ ▇▇▇▇ of Lading quantity minus straight deduction of water and sediments, set out in a Certificate of Quality issud at the Load port based on shore result. The net quantity in metric tons VAC as per Bill of Lading quantity will be converted into net US Barrel (rounded down to 3 decimal places) according to the local figures.

Appears in 5 contracts

Sources: Contract, Contract, Contract

Determination of Quantity and Quality. 3.1 The quantity of the Product delivered under the CIF Port of Omisalj basis shall be determined at Load port in accordance with Load port installation procedure as per Local practice at the time of loading. Such determination shall be withessed and/or certificated by an Independent Inspector muttualy ▇▇▇▇▇▇▇▇ agreed by the Buyer and Seller ▇▇▇▇▇▇ and appointed by the Seller. The determinations made in accordance with above clause shall be set out in a Certificate of Quality and Quantity and will be final,conclusive and binding for both Parties save fraud or manifest error. The net quantity to be invoiced shall be the ▇▇▇▇▇ ▇▇▇▇ of Lading quantity minus straight deduction of water and sediments, set out in a Certificate of Quality issud at the Load port based on shore result. The net quantity in metric tons VAC as per Bill of Lading quantity will be converted into net US Barrel (rounded down to 3 decimal places) according to the local figures.

Appears in 1 contract

Sources: Contract