Common use of Order Quantity Clause in Contracts

Order Quantity. BUYER shall specify the Order Quantity to be delivered at the time the specific Commercial Terms and Conditions applicable to the Transaction are established by the Parties. SELLER shall have the obligation to transport and deliver to BUYER the Order Quantity specified by BUYER. The Delivery Quantity actually delivered hereunder shall equal an amount no less than ninety percent (90%) and no greater than one hundred and ten percent (110%) of the Order Quantity, unless otherwise specified in the Commercial Terms and Conditions. The allowed tolerance of plus or minus ten percent (± 10%) is intended solely for minimizing dead freight. The quantity measurement procedures to be followed by the Parties for determining the Delivery Quantity are summarized in Section 5.2 for Vessel deliveries, in Section 5.3 for Tank Truck deliveries, and in Section 5.4 for Oil Pipeline deliveries.