Material in transit definition

Material in transit means minerals excavated from a mine in the process of transportation from a Mining Lease or a Stock Yard, to its final destination within the geographic territory of India and after obtaining necessary permission required under the Act or rules made there under.
View Source

Examples of Material in transit in a sentence

  • Borrower: Eagle Point, SPMT ▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇ Bridgeton Papco/Inergy ▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇ Ameriport/Eastside Yard Philadelphia, PA Marcus Hook, SPMT ▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇, ▇▇ ▇▇▇▇▇ Savage ▇▇ ▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇, ▇▇ Material in transit or stored on vessels from time to time PES Admin: None.

  • Where such Incoterms provide that Quantum has risk of loss for Material in transit or that Quantum is responsible for freight cost, Seller will ship Material only with Quantum’s designated freight forwarders or carriers and will be responsible for loss, damage and/or freight cost during transit if Quantum’s designated freight forwarders or carriers are not used.

  • Material in transit or on ABT’s dock is not eligible for price increases.