Cargo Quantity definition
Examples of Cargo Quantity in a sentence
The Ninety Day Schedule shall set forth by cargo the forecast pattern of deliveries, including the Delivery Window, LNG Tanker and Scheduled Cargo Quantity for each cargo.
If Buyer’s LNG Tanker is not capable of loading the applicable Scheduled Cargo Quantity, Buyer shall be deemed to have failed to take the shortfall quantity and the provisions of Sections 5.7.2 to 5.7.7 shall apply, except that Buyer shall not be deemed to have failed to take a shortfall quantity and the provisions of Sections 5.7.2 to 5.7.7 shall not apply if the volume equivalent of the Scheduled Cargo Quantity at the nominated Gross Heating Value has been loaded.
In the event the Transporter or the master of an LNG Tanker fails to execute a tug services agreement that complies with the requirements of this Section 7.5.3, Seller may refuse to make LNG available and in such event, Buyer shall be deemed to have failed to take the applicable Scheduled Cargo Quantity, and Sections 5.7.2 to 5.7.7 shall apply.
If, as of the forty-eighth (48th) hour after the end of the Delivery Window, the LNG Tanker has not tendered NOR, and such delay is not attributable to a reason that would result in an extension of Allowed Laytime under Sections 7.13.2(a)(i)-(viii), Buyer shall be deemed to have failed to take delivery of the Scheduled Cargo Quantity of the relevant cargo and the provisions of Sections 5.7.2 to 5.7.7 shall apply.
If, after using reasonable endeavours, the Parties are unable to reschedule the LNG Cargo during such forty-eight (48) hour period, this shall be treated as a “Deemed Failure to Deliver” and the LNG not delivered (being all or part of the Deemed Cargo Quantity) shall be considered a deficiency quantity (a “Deficiency Quantity”), and Seller shall pay to Buyer any sum due calculated in accordance with Clause 6.3.4 below and invoiced pursuant to Clauses 11.1.3 or 11.2.6 (as applicable).
If Buyer’s LNG Tanker is not capable of loading the applicable Scheduled Cargo Quantity, Buyer shall be deemed to have failed to take the shortfall quantity and the provisions of Sections 5.7.2 to 5.7.8 shall apply, except that Buyer shall not be deemed to have failed to take a shortfall quantity and the provisions of Sections 5.7.2 to 5.7.8 shall not apply if the volume equivalent of the Scheduled Cargo Quantity at the nominated Gross Heating Value has been loaded.
In the event the Transporter or the master of an LNG Tanker fails to execute a tug services agreement that complies with the requirements of this Section 7.5.3, Seller may refuse to make LNG available and in such event, Buyer shall be deemed to have failed to take the applicable Scheduled Cargo Quantity, and Sections 5.7.2 to 5.7.8 shall apply.
If, after using reasonable endeavours, the Parties are unable to reschedule the LNG Cargo during such forty-eight (48) hour period, the efforts of Seller to tender such LNG shall be considered a “Deemed Delivery” and the LNG not taken (being all or part of the Deemed Cargo Quantity) shall be considered a deficiency quantity (a “Deficiency Quantity”) and Buyer shall pay to Seller any sum due calculated in accordance with Clause 6.2.4 below and invoiced pursuant to Clauses 11.1.2 or 11.2.5 (as applicable).
The Ninety Day Schedule shall set forth by LNG cargo the forecast pattern of deliveries, including the Delivery Window, LNG Tanker and Scheduled Cargo Quantity for each LNG cargo.
If Buyer’s LNG Tanker is not capable of loading the applicable Scheduled Cargo Quantity (subject to the Operational Tolerance), Buyer shall be deemed to have failed to take the shortfall quantity and Section 5.5 shall apply, except to the extent that such failure is attributable to Seller’s delivery of LNG that has a Gross Heating Value that is less than the value identified by Seller pursuant to Section 8.1.1(a).