Common use of Independent Inspection Clause in Contracts

Independent Inspection. All gauging, temperature measuring, sampling and testing will be done by a mutually agreed US Customs Approved Independent Inspection Company (“IIC”). PRC and Xxxx shall have the right to witness any activity performed by the IIC. Costs for all inventory services provided by the IIC shall be equally shared between PRC and Xxxx. The findings and determinations of the IIC are to be final and binding on the Parties, subject to the review period described in Section (M.) below.

Appears in 3 contracts

Samples: Inventory Intermediation Agreement (PBF Finance Corp), Inventory Intermediation Agreement (PBF Energy Inc.), Inventory Intermediation Agreement (PBF Holding Co LLC)

AutoNDA by SimpleDocs

Independent Inspection. All gauging, temperature measuring, sampling and testing will be done by a mutually agreed US Customs Approved Independent Inspection Company (“IIC”). PRC DCR and Xxxx shall have the right to witness any activity performed by the IIC. Costs for all inventory services provided by the IIC shall be equally shared between PRC DCR and Xxxx. The findings and determinations of the IIC are to be final and binding on the Parties, subject to the review period described in Section (M.) below.

Appears in 3 contracts

Samples: Inventory Intermediation Agreement (PBF Finance Corp), Inventory Intermediation Agreement (PBF Holding Co LLC), Inventory Intermediation Agreement (PBF Energy Inc.)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.