Common use of Shipped Quantity Clause in Contracts

Shipped Quantity. E. If the substitution concerns a Short Shipped Quantity, this condition shall apply. A Short Shipped Quantity means the difference between the quantity nominated to be loaded on a vessel under this contract and the quantity actually loaded. If the Buyer nominates a substitute vessel for a Short Shipped Quantity, the Loading Obligation Date of the Short Shipped Quantity will be the date agreed by the parties to the Contract or, failing specific arrangement, at 8:00am on the 16th day after the date of the substitution. The substitution of the Short Shipped Quantity shall be final and irrevocable and shall fulfil the following conditions failing which Seller can reject: (i) The substitution shall fulfil all the conditions set out in A. and B.; (ii) The substitution must be received by the shipper of the goods at the latest 3 business days prior to the new vessel’s ETA date; and (iii) The substitution must be sent following the original string, which must be mentioned in the substitution. In the event that any of the conditions for a substitution are not fulfilled, the Seller shall have the right to reject the substitution without delay. If, however, the Seller does not reject the substitution, the substitution shall be allowed but Seller has the right to consider it as a new vessel nomination and start counting a new Loading Obligation Date. 9.

Shipped Quantity. E. If the substitution concerns a Short Short-Shipped Quantity, this condition shall apply. A Short Short-Shipped Quantity means the difference between the quantity nominated to be loaded on a vessel under this contract and the quantity actually loaded. If the Buyer nominates a substitute vessel for a Short Shipped Quantity, the Loading Obligation Date of the Short Shipped Quantity will be the date agreed by the parties to the Contract or, failing specific arrangement, at 8:00am 08:00am on the 16th day after the date of the substitution. The substitution of the Short Short-Shipped Quantity shall be final and irrevocable and shall fulfil the following conditions failing which Seller can reject: (i) The substitution shall fulfil all the conditions set out in A. and B.; (ii) The substitution must be received by the shipper of the goods at the latest 3 business days prior to the new vessel’s ETA date; and (iii) The substitution must be sent following the original string, string which must be mentioned in the substitution. In the event that any of the conditions for a substitution are not fulfilled, the Seller shall have the right to reject the substitution without delay. If, however, the Seller does not reject the substitution, the substitution shall be allowed but Seller has the right to consider it as a new vessel nomination and start counting a new Loading Obligation Date. 9.

Shipped Quantity. E. If the substitution concerns a Short Shipped Quantity, this condition shall apply. A Short Shipped Quantity means the difference between the quantity nominated to be loaded on a vessel under this contract and the quantity actually loaded. If the Buyer nominates a substitute vessel for a Short Shipped Quantity, the Loading Obligation Date of the Short Shipped Quantity will be the date agreed by the parties to the Contract or, failing specific arrangement, at 8:00am on the 16th day after the date of the substitution. The substitution of the Short Shipped Quantity shall be final and irrevocable and shall fulfil the following conditions failing which Seller can reject: 6869707172737475767778798081828384858687888990919293949596979899100101102103104105106107108109110111112113114115116117118119120121122123124125126127128129130131132133134135136137138139140141142 (i) The substitution shall fulfil all the conditions set out in A. and B.; (ii) The substitution must be received by the shipper of the goods at the latest 3 business days prior to the new vessel’s ETA date; and (iii) The substitution must be sent following the original string, which must be mentioned in the substitution. In the event that any of the conditions for a substitution are not fulfilled, the Seller shall have the right to reject the substitution without delay. If, however, the Seller does not reject the substitution, the substitution shall be allowed but Seller has the right to consider it as a new vessel nomination and start counting a new Loading Obligation Date. 9.