Common use of NOMINATION OF VESSEL Clause in Contracts

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.