Bulk Oil definition
Examples of Bulk Oil in a sentence
The Bulk Oil Cargo Fee Rate and Capital Asset/Loan Fee Rate and the calculation of volumes set forth in Section 3.2 of this Agreement, shall be determined, and from time to time amended, in accordance with the provisions of the Act.
WCMRC agrees that the information provided to WCMRC in respect of volumes of Bulk Oil Cargo shall remain confidential and will not be disclosed by WCMRC, its directors, officers, agents or employees (including disclosure to any director, officer, agent or employee of WCMRC not directly requiring such information to carry out his or her duties to WCMRC) other than as part of the aggregate volumes of Bulk Oil Cargo of all members of WCMRC.
On or before February 15th of each year Operator shall provide to WCMRC the total volumes (on a facility by facility basis) of Bulk Oil Cargo Handled by Operator at Operator’s Member Oil Handling Facilities in the preceding calendar year.
The Membership Fees are comprised of the Registration Fee, the Bulk Oil Cargo Fees and the Capital Asset/Loan Fees payable by Operator in respect of each Member Oil Handling Facility.
In addition to the requirements of Section 3.4 of this Agreement, Operator shall within ten (10) days following each occasion when Operator Handled Bulk Oil Cargo, provide WCMRC with a report containing the total volumes of Bulk Oil Cargo Handled at each of Operator’s Member Oil Handling Facilities during the preceding month.
Unless otherwise agreed, the insurance shall cover “all risks” of contamination and “all risks” of physical loss or damage to the cargo from any external cause as per Institute Cargo Clauses-A (Institute of London Underwriters) or Bulk Oil Clauses SP-13C, including shortage and/or leakage in excess of 0.50 percent of the ▇▇▇▇ of lading quantity to the extent covered in Institute Cargo Clauses-A or Bulk Oil Clauses SP-13C.
The volume of Bulk Oil Cargo which is unloaded from or (in the case of Bulk Oil Cargo intended for a destination outside Canada) loaded onto Owner's ship shall, without regard to title, be measure in Tonnes at the shore side of the dock flange at the Non-Member Oil Handling Facility.
For purposes of Section 3.1, the chargeable quantity of Bulk Oil Cargo in respect of which the Bulk Oil Cargo Fee is payable shall include both free water and water and sediment in suspension (S&W or BS&W).
Owner shall not be entitled to receive a refund of all or any portion of the Registration Fee or the Bulk Oil Cargo Fees paid by Owner except where termination of this Agreement is due to the revocation by the Minister of Transport of Western Canada Marine Response’s certification as a response organization with 10,000 tonne rated capability in which case the Registration Fee shall be refunded on a pro-rated basis.
Owner shall retain in accordance with generally accepted accounting practices, all books, records and accounts pertaining to Owner's obligations under this Agreement as may be necessary to conduct an audit to verify that Bulk Oil Cargo Fees and Applicable Response Organization Fees and Taxes were properly charged in accordance with the terms of this Agreement, and to verify Owner's compliance with this Agreement.