Examples of Murban Crude Oil in a sentence
If at any time dealings on the Market in the ICE Murban Crude Oil Futures Contracts are suspended on any Trading Day, the Exchange may amend the provisions of this Rule L.1(a) accordingly by way of Circular.
Subject to Rule L.1(b), trading in the ICE Murban Crude Oil Futures Contracts shall cease at 16.30 SPT on the Last Trading Day.
The Vessel Nomination Form shall include, inter alia, the nominated Delivery Day, which must be a day within the Delivery Range, and approximate time for initiating delivery and details of the Vessel onto which Murban Crude Oil subject to delivery is to be loaded.
Non-Common Pricing applies.Roll Adjust ProvisionThe Floating Price quotations, used for determining the Final Settlement Price of the Murban 1st Line leg, will be the front month Murban Crude Oil Future contract daily settlement prices, except on the expiration date of the front month Murban Crude Oil Future contract.
In addition to the Delivery Confirmation Form, the Seller will provide such other documentation or information or evidence of or security for the existence or availability of Murban Crude Oil for delivery in accordance with the Contract Rules as the Exchange or the Clearing House may require from time to time.
Notwithstanding the limitations of Rule I.14.2, the Exchange, at its sole discretion, may modify the Contract Rules (and such modification may apply in relation to existing as well as new Contracts) in order to comply with any rules or requirements which may subsequently be imposed and/or varied either under Applicable Law or by the Terminal Operator in relation to the delivery of Murban Crude Oil at the Terminal.
K.13.4 Without prejudice to the foregoing, the Seller and Buyer may, with the consent of the Clearing House, arrange to pass documents relating to, and to make payment for, Murban Crude Oil through the Clearing House.
K.14.5 Two (2) representative samples of each delivery of Murban Crude Oil shall be taken, in accordance with the customary practices at the Terminal, from the loading lines through which Murban Crude Oil is loaded.
K.1 INTERPRETATION These Contract Terms together with the applicable Contract Procedures (these Contract Terms and the Contract Procedures together the “Contract Rules”), apply to transactions in ICE Futures Abu Dhabi Murban Crude Oil Futures Contracts (“ICE Murban Crude Oil Futures Contract”).
K.2 SCOPE The ICE Murban Crude Oil Futures Contract shall be for the sale and delivery by the Seller to the Buyer of Murban Crude Oil meeting the relevant Contract specification and in accordance with the Contract Rules.