Page 46 - MEOMA Handbook

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DEFAULT
S'TRINGS
DELIVERY
EXTENSION
INSURANCE
COLLECTIONI
OF
7.
8.
9.
10.
If
If
If
In
or
with
of
all
the
The
time
First
and
the
notice
Sellers
party
Buyers
vessel
Should
failing
same
Sellers
delivery
working
delivery
cancel
7
award
the
the
vessel
Where
basis
contract
basis
against
Buyers
8th-14th
provided
weighed
for
of
quantity.
constitute
is
the
particulars
telegram,
discretion
purchase.
applicable.
collection
default
or
of
(hereinafter
of
same
of
the
by
a
the
and
the
and
a
has
at
shall
the
purchase,
a
of
performance
defaulter
following
or
If
days
is
such
their
circumstances
establishment
or
the
country
calendar
sale
period.
sale
collection/delivery
amicable
point
supplier/shipper,
the
be
or
by
Collection/Delivery
the
market
shall,
respective
additional
Buyers
calendar
been
oil
goods
coastal
is
subsequent
procedures
of
is
if
who
that
written
goods
telex,
Buyers
of
of
Sellers
of
default.
separate
weighed
ofthe
contract,
referred
Non-collection/delivery
notice
defaulter
days
a
if
to
party
price
intention
the
-
at
penalties
fulfilment
days
the
shall
end
coastal
coastal
during
within
or
shall
to
shall
any
origin,
must
neither
be
passed
ex-mill,
Buyers
collection/delivery
vessel]
[for
no
they
notice
parties
at
entity
to
forming
shall
on
of
the
of
for
settlement,
string
of
as
delivered,
requesting
responsible
on
damages.
liable
48
of
the
be
be
contract
of
do
string
mean
Sellers
the
and
be
be
default
the
in
to
weighbridge.
the
and
vessel.
vessel,
the
the
the
the
this
1.5%
within
for
be
the
right
effect
the
for
for
43
mutually
not
penalty.
shall
and
for
could
delivery
difference
of
pay
oil
hours,
collection/delivery
to
day
the
the
oil
given
demand
the
once
contract
is
goods
limited
basis
Sellers
extended
the
justify
same
all
the
in
be
above
moment
be
completed
supplier/shipper
by
of
a
Damages
sell
Buyers
by
reside
of
at
quantity
to
shall
said
to
of
contract
shall
agreed
be
intention
it,
after
the
weighbridge
providing
or
collection
determined
in
make
string
the
to
without
the
the
right
be
the
the
be
to
month.
by
shall
and
least
intents
each
contract
period)
within
oil
default
they
is
be
the
provisions
account
the
at
deemed
by
carried
lorry(ies)
extended
3
giving
contractual
is
good
end
and
changed
end
of
same
give
between
oil
effect
the
of
extension:
not
stating
and
but
transport
to
either
suitable
other.
purchase,
contract
or
Sellers
is
may,
price.
same
by
of
the
if
prejudice
the
by
Sellers
differences
dissatisfied
7
at
delivery/collection
loaded
at
is
notice
exercised,
working
forward
For
as
computed
being
Sellers
to
the
the
have
arbitration.
quantity
costs
shall
Buyers
receiver
party,
town,
loss,
contract
risk
delivery.
quantity
in
the
the
with
at
mutual
the
the
purposes
into
on
their
if
exceeding
Buyers
shall
the
days
specifications
working
and
give
The
to
from
and
and
upto
between
been
the
have
notice
the
the
Buyers/Sellers
least
case
any,
be
be
purchased
14
be
Sellers/Buyers
rights
received
month.
risk.
extended
the
writing,
the
7
arbitrators
by
for
purpose
lorry(ies)/coastal
the
the
prior
other
to
each
on
days
price
damages
by
absolute
Sellers.
may
Buyers
Collection/Delivery
of
or
and
agreement
to
to
by
of
damages
if
new
point
road
specific
right
at
payable
be,
such
a
working
this
by
party
descriptions
calendar
period
collected
contract
notice
established.
the
However,
shipment
vessel
the
any,
whichever
such
facilitate
consider
by
expiry
point
at
least
of
either
sale
tanker
clause
oil
lorry(ies)/coastal
between
days
for
period
and
the
(for
days
intermediate
3
shall
subsequent
is
against
the
of
discretion,
contract
awarded
obligations
of
cable,
his
shall
sale
clause,
or
price
is
the
to
The
the
end
from
the
to
or
.
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·107
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