PORAM definition
Examples of PORAM in a sentence
Any dispute arising out of this contract, including any question of law arising in connection therewith, shall be referred to arbitration in Malaysia (at the PORAM Secretariat or elsewhere if so agreed), in accordance with the PORAM Rules of Arbitration and Appeal in force at the date of the initiation of the arbitration with the parties hereby agreeing that the arbitration shall be deemed an International Arbitration.
Any dispute arising out of this contract, including any question of law arising in connection therewith, shall be referred to arbitration in Malaysia (at the PORAM Secretariat or elsewhere if so agreed), in accordance with the PORAM Rules of Arbitration and Appeal in force at the date of the initiation of the arbitration.
Any dispute arising out of this contract, including any question of law arising in connection therewith, shall be referred to arbitration in Malaysia (at the PORAM Secretariat or elsewhere if so agreed), in accordance with the PORAM Rules for Arbitration and Appeal in force at the date of the initiation of the arbitration.
Sellers shall endeavour to ensure that PORAM Heating Instructions are followed and shall instruct the carriers to record daily temperatures of the oil and to provide Buyers on request with a chart signed by the ship's Master or Chief Officer.
Where Malaysian parties are involved, the settlement is to be in Malaysian Ringgit, the conversion to be based on the mean exchange rate established by PORAM on the date of the Bill(s) of Lading.
The Trade Rules of AFOA, COPA, FOSFA, NOPA, and PORAM shall apply to each Feedstock as described in Exhibit “E”.
Unless otherwise agreed by the parties concerned, where the Sale and Purchase contracts involving the same party(ies) in the circle are on the basis of different currencies, the exchange rate applicable for the conversion into a common currency (conversion into Malaysian Ringgit where one of the contract is in Malaysian Ringgit) shall be the mean exchange rate established by PORAM on the date of the establishment of the circle.
For the avoidance of doubt, all parties must refer to PORAM for the up-to- date specification.
In such an event, the findings of the independent surveyor/analyst shall be final If the basis of contract is delivery/collection by vessel, representative composite samples in quadruplicate (1 for contractual analysis, 1 for the Shipper and 2 to be retained by the surveyors) of the oil shall be drawn from ship's tank(s) at time of shipment, in accordance with the MPOB/FOSFA/ PORAM Processed Palm Oil Storage, Transportation, Sampling and Survey Guide.
Where contracts in the string are on the basis of different currencies, the exchange rate applicable for the conversion into a common currency (conversion into Malaysian Ringgit where one of the contract is in Malaysian Ringgit) shall be the mean exchange rate established by PORAM on the date of Bill(s) of Lading.