Unit Trains definition
Examples of Unit Trains in a sentence
RPMG shall be responsible for and shall bear the risk of loss of (subject to the terms of this Agreement) the Ethanol marketed for Member by RPMG from the time the product crosses the loading flange at the Facility in either a railcar or tank truck, provided that for Large Facility Unit Trains RPMG shall be responsible for and shall bear the risk of loss for Ethanol shipped by Large Facility Unit Train from the time that RPMG receives the shipping documentation for the Large Facility Unit Train.
For Ethanol shipped by truck, single manifest railcars, or unit trains (other than Large Facility Unit Trains), RPMG, on a weekly basis, will pay Member on an average net 10-day basis (e.g. payment on Wednesday shall be for Ethanol delivered during the seven-day period ending on the previous Wednesday) an amount equal to the Advance Rate multiplied by the number of Fixed Price Gallons or Indexed Gallons delivered by Member to RPMG for the period.
The TRT’s primary purpose is loading Crude Oil Unit Trains chartered for a single delivery destination.
Spot Unit Trains must be nominated at the time of sale, which must be at least 72 hours prior to shipment days.
Customer will use commercially reasonable efforts to deliver Product and to schedule the arrival of Unit Trains, in accordance with the Monthly Schedule.
If no railroad weights are available, then the weight of such Coal delivered shall be determined by averaging the lading weight per railcar of the last **** Unit Trains of like railcars under this Base Contract weighed at the Source prior to such breakdown.
Buyer shall furnish suitable Unit Trains for loading and delivery of the Coal.
To fulfill the Contract Quantity obligation of the Parties, Buyer will advise Seller on or before the 15th day of each calendar month of the quantity of Coal and estimated number of Unit Trains it desires to load during the succeeding month (the “Monthly Shipment Volume”) and Buyer’s delivery schedule (“Delivery Schedule”).
Buyer shall be liable for and shall pay Seller for any transportation costs or demurrage charges incurred by Seller caused by the failure to furnish Unit Trains or trucks for the loading of Fuel at the Delivery Point; provided that such charges are not the result of an action or inaction of Seller.
If the Delivery Point is at a Source such that the Coal will have been transported by Unit Train prior to delivery, then title to and risk of loss of the Coal will pass to Buyer upon the transfer of the custody and control of the Unit Trains to Buyer or Buyer’s Transporter.