Freight Differential definition
Examples of Freight Differential in a sentence
Monthly, obtain the prevailing Ocean Freight Differential (OFD) from major steam ship lines for ocean freight rates per 40 foot standard export container of wastepaper shipped from Los Angeles/Long Beach Container Yard versus Oakland Container Yard to primary Asian base ports.
Seller shall reflect the Freight Differential, if any, applicable with respect to a particular Parcel in the invoices relating to that Parcel rendered pursuant to Article 8.
With respect to Contract Years 2010 through and including 2014 in which the Freight Differential Credit (provided for in Section 5.1, as amended) is applicable, whenever the Floor TC’s and RC’s apply to the Contractual Tonnage, Buyer shall be entitled to receive the Freight Differential Credit in addition to the Floor TC’s and RC’s.
As a general rule, the relevant Grower Freight Differential will be invoiced or credited after it is confirmed no later than the Grower Freight Differential Finalisation Date.
With respect to the Contract Years 2010 through and including 2014 in which the Freight Differential Credit (provided for in Section 5.1, as amended) is applicable, the parties acknowledge that such credit shall be incorporated into the combined smelting and refining charges determination on each Final Invoice for comparison to the Ceiling TC’s and RC’s in order to determine the applicability of the Ceiling TC’s and RC’s.
Notwithstanding anything to the contrary contained in Section 5.1 of the Agreement, including but not limited to the provisions of Paragraph No. 3 of Amendment Number Five, the amount of the Freight Differential Credit to which Buyer is entitled shall be US $11.50 per DMT.
The Freight Differential shall be determined by Seller on the basis of the actual freight rates specified in Seller’s Contracts of Affreightment or Charter Parties in force at the time of shipment of such Parcel for shipments [**] - Indicates certain information has been redacted and filed separately with the Securities and Exchange Commission.
As a general rule, the relevant Grower Freight Differential will be invoiced or credited after it is confirmed no later than February 2020.