Multiple Deliveries Sample Clauses
The Multiple Deliveries clause establishes the terms under which goods or services will be delivered in more than one shipment or installment. It typically outlines the schedule, quantity, and conditions for each delivery, and may specify how delays or issues with one delivery affect the others. This clause ensures that both parties have a clear understanding of their obligations and expectations when fulfilling contracts that require staggered or partial deliveries, thereby reducing the risk of disputes and facilitating smoother transaction management.
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Multiple Deliveries. If this Agreement provides for multiple deliveries of one or more types of crude oil in the same or different delivery months, or for the purchase or exchange of crude oil by the parties, all deliveries under this Agreement to the same party at the same delivery location during a particular delivery month shall be considered a single commodity transaction (“Commodity Transaction”) for the purpose of determining the Settlement Amount(s). If the Liquidating Party elects to liquidate this Agreement, the Liquidating Party must terminate all Commodity Transactions under this Agreement.
Multiple Deliveries. (Equitable Delivery Fee). For deliveries to multiple fuel sites with the same vehicle would require equitable split of the delivery fee. This equitable division of the delivery fee will share cost for the common miles of the delivery. This way the first delivery does not front load the delivery cost. Contractor and Purchasers will work together on the equitable delivery. Unless otherwise agreed, Equitable Delivery Fee is equally splitting the shared distance from the rack to the location between all Purchasers and splitting the drop fee proportionally between the Purchasers based on gallons delivered; provided that the total drop fee for all deliveries from that vehicle does not exceed twice the drop fee from the price sheet.