Common use of Ticket Clause in Contracts

Ticket. Individual contract for disposition rights on specific products concluded between APETRA and the Partner, entitling APETRA to acquire the Products to be supplied with full title of ownership in the event a stock supply crisis should break out during the term of the Framework contract or in case of non-performance according to the terms of this Framework contract. The terms and conditions that apply to Tickets are as laid down in (i) the general conditions of APETRA Framework Agreements APETRA/2016 for disposition rights with respect to crude oil, semi-finished or finished oil Products (see the website ▇▇▇.▇▇▇▇▇▇.▇▇) and (ii) in this Framework contract. According to this Framework contract, the Partner must have full title on the Products to be supplied.

Appears in 3 contracts

Sources: Framework Agreement, Product Replacement Framework Contract, Framework Agreement for Product Replacement