Examples of Nominated Vessel in a sentence
In the case of Diesel and/or ULSD, risk of loss shall pass from SELLER to the Companies at the flange of the receiving hoses of the Companies Nominated Vessel, and title and custody shall pass after any dye, lubricity, or other injection system, installed, operated, and maintained by the SELLER.
For example, where the Total Output of a Nominated Vessel falls midway between X and Y, the maximum purchase price for that system shall be the mid-point of the maximum prices indicated for Systems with Total Outputs of X and Y, respectively.
SELLER agrees to Deliver and the Companies agree to receive LSFO, HSFO, Diesel or ULSD as Displacement Stock through SELLER’s designated pipeline into the Company’s Nominated Tank or the Company’s Nominated Vessel as mutually agreed.