Scheduled Quantity Clause Samples
Scheduled Quantity. 5.4.1 The Annual Contracted Quantity shall, unless otherwise agreed to in writing between the Parties, be delivered in equal quarterly quantities during the Year which shall be calculated as Annual Contracted Quantity/4 (“Scheduled Quantity” or “SQ”); provided that during the first Year of the Term, the Scheduled Quantity shall be suitably pro-rated (i.e. the Scheduled Quantity to be delivered shall be computed suitably commencing from the Signature Date till 31st March of the next Year).
5.4.2 In respect of a particular Lot, in case of supply by rail, the Parties agree that in case the Purchaser is unable to lift the Scheduled Quantity due to shortfall in the quantity necessary for formation of rake for transportation through rail mode, the balance Scheduled Quantity will be carried forward to the subsequent quarter(s)/ Year(s). As and when such carried forward quantity is adequate to form a rake for transportation through rail mode, the same shall be supplied to the Purchaser. If at the end of the Term, any residual Scheduled Quantity remains (including any quantity which has been carried forward as aforesaid), the same shall be dealt with in the following manner:
(a) in case the residual Scheduled Quantity is 2000 tonnes or more, the Purchaser will be supplied with the quantity equivalent to one rake; and
(b) in case the residual Scheduled Quantity is less than 2000 tonnes, such quantity will lapse.
5.4.3 The total variation in the quarterly Scheduled Quantity shall not, unless otherwise agreed to in writing by the Parties, exceed 10% (ten per cent.) of the Scheduled Quantity.
Scheduled Quantity. 5.5.1 The Annual Contracted Quantity shall, unless otherwise agreed to in writing between the Parties, be delivered in equal monthly quantities during the Year which shall be calculated as Annual Contracted Quantity/12 (“Scheduled Quantity” or “SQ”); provided that during the first Year of the Term, the Scheduled Quantity shall be suitably pro-rated (i.e. the Scheduled Quantity to be delivered shall be computed suitably commencing from the Signature Date till 31st March of the next Year). As such, for all commercial/operational purpose, the period of calculation of performance in the first year of FSA will be from the Signature date and up to March of next year i.e. March of Next Financial Year. Similarly, for the last year of the FSA tenure, in case the expiring date is not 31st March, then for commercial purposes, the performance of last year will be considered along with second last year as a whole.
5.5.2 In case of supply by rail, the Parties agree that in case the Purchaser is unable to lift the Scheduled Quantity due to shortfall in the quantity necessary for formation of rake for transportation through rail mode, the balance Scheduled Quantity will be carried forward to the subsequent Month(s)/ Year(s). As and when such carried forward quantity is adequate to form a rake for transportation through rail mode, the same shall be supplied to the Purchaser. If at the end of the Term, any residual Scheduled Quantity remains (including any quantity which has been carried forward as aforesaid), the same shall be dealt with in the following manner:
(a) in case the residual Scheduled Quantity is 2000TPA or more, the Purchaser will be supplied with the quantity equivalent to one rake; and
(b) in case the residual Scheduled Quantity is less than 2000TPA, such quantity will lapse.
5.5.3 Notwithstanding anything to the contrary contained herein, if for a Year, the Level of Lifting by the Purchaser falls below the thresholds specified in Clause 5.6.1 solely on account of the fact that the Purchaser has been unable to lift the Scheduled Quantity due to shortfall in the quantity necessary for formation of rake for transportation through rail mode, the Purchaser shall not be liable to pay any penalty for shortfall in the Level of Lifting caused due to the above mentioned reason.
5.5.4 Variation in SQ and supply beyond ACQ:
5.5.4.1 The total variation in the monthly Scheduled Quantity shall not, unless otherwise agreed to in writing by the Parties, exceed 10% (ten per ...
Scheduled Quantity. Comment [R11]: This takes care of merchants generation profile?
4.4.1 Attached as Annexure - 4 is a schedule of Buyer's monthly requirement of Coal, in Standard Tonnes, ("Scheduled Quantity" or "SQ") for the entire term of this Agreement from the First Delivery Date including the Build-Up Period Quantities.