Bunker Contract definition
Examples of Bunker Contract in a sentence
Unless otherwise agreed between the Seller and Buyer prior to entering into the Bunker Contract, the samples shall be drawn from a point and in a manner chosen by the Seller or its representatives in accordance with the customary sampling procedures at the port or place of delivery of the Bunker Fuel.
Nothing in this Bunker Contract shall be construed to limit the rights or legal remedies that the Seller may enjoy against the Vessel or the Buyer in any jurisdiction.
The Bunker Contract shall apply to any contract of sale and purchase of marine bunker fuel and related products of any type or grade by Pacific Bunkers Pte Ltd to any Buyer as defined below.
The Seller shall have the right to cancel the Bunker Contract with the Buyer at any time, if the owner’s payment guarantee is not received upon request thereof from the Seller to the Buyer and/or owner.
The Bunker Fuel to be delivered under this Bunker Contract shall be measured and calculated in accordance with the ISO-ASTM-API-IP Petroleum Measurement Tables.
The Seller’s decision to forego obtaining a payment guarantee shall have no effect on the Seller’s right to a lien on the Vessel for any Bunker Fuel sold and delivered under the Bunker Contract.
The Seller may thereafter provide the Bunker Confirmation confirming the price accepted by the Buyer as well as other terms of sale but the absence of such Bunker Confirmation shall not render the Bunker Contract void.
The Seller is entitled, at any time, to charge and the Buyer undertakes to pay additional GST and/or other taxes in respect of sale and delivery under a Bunker Contract if such GST and/or other taxes is imposed by local authorities.
The Seller may thereafter provide the Bunker Confirmation confirming the price accepted by the Buyer but the absence of such Bunker Confirmation shall not render the Bunker Contract void.
The Sellers may assign and/or transfer any or all of its right and delegation of performance under the Agreement and/ or the Bunker Contract.