FOB Price Sample Clauses
The FOB Price clause defines the cost of goods based on the Free On Board (FOB) shipping term, indicating that the seller is responsible for delivering the goods to a specified port and loading them onto the vessel. Under this clause, the seller covers all costs and risks up to the point the goods are loaded, after which responsibility transfers to the buyer, who then handles shipping, insurance, and further transport. This clause clarifies the division of costs and risks between buyer and seller, ensuring both parties understand their obligations and reducing disputes over shipping responsibilities.
POPULAR SAMPLE Copied 3 times
FOB Price the amount calculated in accordance with Paragraph 11.1.5 of Part B of Schedule 2 in respect of the relevant cargo; FOB SCQ: each scheduled contract quantity of LNG (in MMBtu) scheduled for loading under the FOB ADP or FOB Ninety Day Schedule, as applicable; FOB Specifications: as defined in Paragraph 12.1 of Part A of Schedule 4; Foundation Customer: any customer of Project Co, that enters into an LNG purchase agreement with an annual contract quantity of no less than zero decimal seven (0.7) million metric tonnes per annum of LNG on a firm basis from the Corpus Christi Facility, with a minimum term of twenty (20) years; provided, however, that the Transporter shall not be a Foundation Customer with respect to LNG subject to the terms of this Agreement regardless; provided, further, however, that nothing in this Agreement shall prejudice the Transporter’s status or rights as a Foundation Customer pursuant to any other LNG purchase agreement with Project Co;
FOB Price. Delivered price estimated at today’s freight cost to your destinations as outlined below. FOB Price. Delivered price estimated at today’s freight cost to your destinations as outlined below.
FOB Price the amount calculated in accordance with Paragraph 11.1.5 of Part B of Schedule 2 in respect of the relevant cargo; FOB SCQ: each scheduled contract quantity of LNG (in MMBtu) scheduled for loading under the FOB ADP or FOB Ninety Day Schedule, as applicable; FOB Specifications: as defined in Paragraph 12.1 of Part A of Schedule 4; ▇▇▇▇▇ SSA: as defined in Recital (A);
FOB Price. How Does It Compare to Other Maritime Incoterms?
FOB Price. The FOB price, Algerian coast, is either determined in accordance with section 9.1.1 hereinafter, or equal to the Minimum Price determined in accordance with section 9.1.2 hereinafter if the latter is greater. The former price shall be computed on the first working day of each semester of the Gregorian calendar. The latter price shall be computed on the first working day of each month. The FOB price shall be the greater of the two and shall apply to the deliveries which will or must be made during the course of the month concerned.