NOMINATION OF VESSEL Sample Clauses
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NOMINATION OF VESSEL. SELLER shall transport the Product in a Vessel capable of discharging the entire cargo within the allowed laytime allocated for the size Vessel used and as specified in Section 6.4.1 (Allowed Laytime). SELLER shall give Notice to BUYER of the Vessel SELLER nominates for delivery of Product no later than ten (10) calendar days prior to the first day calendar day of the mutually agreed upon Delivery Window. BUYER shall have the right to refuse acceptance of that Vessel if in BUYER's reasonable opinion such Vessel is unacceptable. No Vessel shall be used to transport Product if said Vessel is greater than fifteen (15) years of age at the time of the expected start date of the Delivery Window. BUYER shall communicate acceptance or rejection of the nominated Vessel to the SELLER within one Business Day after BUYER’s receipt of the nomination from SELLER. Acceptance of a Vessel shall not constitute a continuing acceptance of the Vessel for any subsequent deliveries.
NOMINATION OF VESSEL. Buyer shall give written nomination of vessel to Seller with a minimum 10-day pre-advice. The vessel nomination shall comply with all the following requirements:
(i) the minimum nominated quantity must be at least 500 metric tons;
(ii) the nominated quantity must always be in multiples of 500 metric tons;
(iii) nomination shall state vessel’s ETA date, IMO number, flag, age, ownership, and detention rate (if clause 11.1 is opted) or demurrage rates (if clause 11.2 is opted). Seller has the right to reject nomination of a vessel whenever any or all the requirements and/or information above are not fulfilled (except for Short Shipped Quantities as defined herein, and contracts for total quantity of less than 500mt). Such rejection shall be notified to the Buyer without delay. The Seller shall not be obliged to commence loading before the Loading Obligation Date. The Loading Obligation Date shall be at 8:00am on the 11th day after the vessel nomination date or the first day of the Delivery Period, whichever is later, even if loading actually commences earlier. Within at least 5 days prior to berthing of vessel at loading port, ▇▇▇▇▇ shall declare the vessel’s destination. If last ETA date reported by Master or NOR, as the case may be, exceeds 10 days from ETA date informed at Nomination, the original Loading Obligation date shall, only one time, be extended by 10 days. 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 Nomination of vessel is irrevocable unless (i) Buyer can prove that vessel is unable to proceed to loading port due to an event out of Buyer’s control, in which case a new vessel shall be nominated in accordance with this Contract or (ii) Seller agrees to the substitution or (iii) all the following conditions are fulfilled:
A. The Buyer must give written notice of the substitution of the vessel to Seller. Such substitution shall fulfil all of the conditions for a vessel nomination and include all of the information required.
B. The ETA date of the substituting vessel must be no more than 5 days earlier or 5 days later than the last ETA date reported by Master of the substituted vessel.
C. If conditions set out in A. and B. are fulfilled, the Loading Obligation Date will remain the same, provided that the substitution is received by the shipper of the goods at the latest 3 business days prior to the new vessel’s ETA date.
D. Maximum o...
NOMINATION OF VESSEL. Buyer to nominate to Seller the name of the vessel (along with the name of vessel's agent at load port) and expected time of vessel's arrival not less than 14 calendar days prior to estimated time of arrival (ETA) of vessel.
NOMINATION OF VESSEL. 17.2.1 Each Vessel shall be nominated in writing by the Buyer to the Seller. Such nomination shall specify:
(a) the name of the Vessel, date built, deadweight, length and flag;
(b) the approximate quantity to be loaded;
(c) the ETA of the Vessel;
(d) the destination(s) of the Vessel;
(e) such other information as may be required by the Seller or Loading Terminal from time to time;
(f) details of any cargo on board or to be laden on board if loading a part cargo;
(g) demurrage and dispatch rate.
17.2.2 The nomination shall not be effective unless it is received by the Seller not later than 7 days prior to ETA to loading port. If the nomination is received by the Seller after such 7th day and is accepted by the Seller, it shall be effective but the Buyer shall be liable for all costs resulting from any delays in loading the Product under the Agreement that are due directly to the failure by the Buyer to nominate in a timely manner and any such delays shall not count as time allowed to the Seller for loading or if the Vessel is on demurrage, as demurrage.
NOMINATION OF VESSEL. Buyer shall give written nomination of vessel to Seller with a minimum 15-day pre-advice. 154 155 The vessel nomination shall comply with all the following requirements: 156