Nomination of Vessels Clause Samples
Nomination of Vessels. The Vessel shall be nominated in writing by the Seller to the Buyer at least 7 (seven) days prior to estimated date of commencement of loading. Such nomination shall specify:
(a) the name of the Vessel, date built, deadweight, length and flag;
(b) the grade and approximate quantity to be loaded;
(c) the Loading Terminal and the estimated time of commencement of loading;
(d) such other information as maybe required by the Buyer or Discharge Port operator from time to time;
(e) details of any other cargo on board or to be laden on board if delivery is of a part cargo;
(f) demurrage and dispatch rate.
Nomination of Vessels. In respect of FOB deliveries
17.1 Full and part cargo lots Unless otherwise provided in the Special Provisions, delivery hereunder shall be given and taken in one full cargo lot or a part cargo lot at the Buyer’s option but subject always to the prior agreement of the Seller.
Nomination of Vessels. (a) At least 15 days prior to the commencement of any calendar month in which a Parcel is to be shipped hereunder, the Seller shall notify the Buyer of the intended vessel’s name, the approximate quantity of Concentrates to be shipped in such Parcel and the spread [**] - Indicates certain information has been redacted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to the redacted portions. of laydays, including the estimated time of such vessel’s arrival at, and the estimated time of its departure from, the Port of Loading, and the estimated date of such vessel’s arrival at the Port of Discharge. At its option, the Seller may subsequently nominate or substitute another vessel, provided that the Seller shall use commercially reasonable efforts to ensure that such vessel has as reasonable a spread of lay days as the initially nominated vessel.
(b) Whenever the Buyer is notified of a vessel in accordance with Section 4.12(a), the Buyer shall advise approval or rejection within the same working day, if at all possible, but in no event shall Buyer’s response exceed two full working days (Saturdays, Sundays and holidays excluded). The only valid ground for such objection shall be if such vessel does not satisfy the requirements of Section 4.08 or if such vessel’s length or draft exceeds the port restrictions for the relevant Port of Discharge.
(c) The Seller shall not charter any vessel to perform shipping under this Agreement from any shipping company if the Seller has a reasonable doubt about whether such company has the financial capacity to carry out its obligations under the Charter Party.
Nomination of Vessels. 10.1 Unless otherwise agreed, at any time as such information is known to Seller and in any event no later than ten (10) calendar days before the first day of the loading date range, Seller shall notify Buyer of:
(a) the name of vessel,
(b) the grade and approximate quantity of the Products to be loaded, and
(c) the estimated time of arrival at the Load Port.
10.2 Buyer shall give notice within 24 hours accepting or rejecting the Vessel after recept of such nomination, and shall not unreasonably reject any nomination. As soon as possible after the Vessel’s departure from the Load Port, Seller shall provide Buyer with written notice of the following:
(a) the name of the Vessel,
(b) the quantity of Product loaded,
(c) the estimated date of arrival at the Delivery Port within a five (5) day range, and
(d) the name of the Vessel’s agent at the Delivery Port.
10.3 Despite any prior acceptance, Buyer shall have the right to revoke its acceptance of Seller's Vessel nomination at any time after Buyer’s initial acceptance (but not later than nine days prior to the first day of loading Products onto such Vessel) on any reasonable, documented, objectively verifiable ground, including but not limited to, if such Vessel is involved in any incident or if more recent information regarding such Vessel becomes available to Buyer at any time after such prior acceptance. In case of rejection, Seller shall promptly nominate a Vessel acceptable to Buyer.
10.4 Seller warrants that any vessel nominated or substituted shall be owned or demised chartered by a member of the International Tankers Owners Pollution Federation Ltd. (ITOPF). Seller further warrants that it shall ensure that the vessel nominated or substituted carries on board a certificate of insurance as described in the Civil Liability Convention for Product Pollution Damage and that the vessel has in place insurance cover for Product pollution no less in scope and amounts than is available under the rules of Protection and Indemnity Clubs entered into among the International Group of P and I Clubs. Seller shall endeavour to ensure that any vessel nominated shall comply with the International Safety Management (ISM) Code which came into effect on July 1, 1998, and any amendments thereto.
Nomination of Vessels. 10.1 Unless otherwise agreed, at any time as such information is known to Seller and in any event no later than ten (10) calendar days before the first day of the loading date range, Seller shall notify Buyer of:
(a) the name of vessel,
(b) the grade and approximate quantity of the Products to be loaded, and