Page 55 - MEOMA Handbook

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DELIVERY
DEFAULT'
EXTENSION
INSURANCE
COLLECTION!
OF
7.
8.
9.
If
If
If
It
If
In
or
8th
with
8th
the
First
-
First
-
the
lorries
value
the
notice
shall
Sellers
Should
coastal
7
Buyers
subject
vessel
7
cancel
delivery
working
the
contract
basis
basis
quantity
of
penalties
weighed
particulars
constitute
awarded
14th
to
constitute
telegram,
14th
discretion
applicable.
of
default
collection
purchase.
the
of
of
(hereinafter
the
must
and
and
days
at
a
shall
days
for
failing
a
of
days
If
-
is
or
defaulter
-
their
purchase,
of
the
vessel)
be
days
intended
days
extended
extended
sale
sale
be
carried
period,
the
point
by
the
no
the
no
collection/delivery
oil
or
shall,
mutual
of
to
at
Collection/delivery
at
is
against
is
who
procedures
of
telex,
if
Buyers
Sellers
notice
default.
default.
referred
weighed
the
contract,
the
be
if
1%
to
1%
party
Non-collection/delivery
the
period
Non-collection/delivery
amicable
period
to
at
intention
effected
or
coastal
fulfilment
of
(for
any
coastal
forward
penalty
within
during
penalty
shall
of
shall
quantity
be
must
is
time
is
as
ex-mill,
they
to
of
neither
of
of
by
the
the
responsible
the
at
on
48
the
at
delivered,
liable
be
be
for
agreem.ent
shall
do
the
intention
of
Sellers
the
to
employed
the
the
in
vessel,
this
for
vessel.
the
defaulter
the
carried
for
52
the
delivery
weighbridge.
right
to
effect
be
not
mutually
the
to
difference
settlement,
to
oil
pay
oil
last
hours,
oil
extended
by
contract
contract
demand
collection/delivery
contract
the
in
shall
writing
moment
effect
by
sell
be
Buyers
by
request
day
reside
completed
forward
shall
shall
request
contract
be
lorry
payable
collect
after
above
agreed
the
be
at
providing
or
price.
of
in
price.
of
the
collection
make
weighbridge
of
or
period)
be
the
the
be
by
month.
shall
by
the
7
shall
oil
the
account
at
right
the
least
the
not
collection/delivery
within
the
delivery.
oil
giving
is
end
good
be
limited
5
end
is
changed
give
of
oil
between
stating
suitable
Sellers,
determined
either
transport
Buyers,
of
to
the
Sellers
same
is
purchase,
of
the
prior
working
Sellers
the
could
dissatisfied
at
by
contract
to
notice
full
loaded
Sellers:
as
the
the
Sellers
the
working
payable
costs
shall
exceeding
risk
party,
loss,
Buyers
be
town,
in
days
bymutual
the
at
quantity
with
exercised,
into
if
by
14
contract
the
Buyers
to
give
month
and
from
upto
the
days
following
have
the
the
the
payment
least
case
collection
any,
Buyers/Sellers
notice
writing
be
arbitration.
7
extended
days.
the
risk.
the
extended
and
the
lorry(ies)/coastal
of
differences
extended
in
,
other
on
prior
for
price
may
month.
Buyers
Sellers.
or
the
agreement
to
to
The
the
of
new
Buyers:
point
right
at
be,
a
penalties
such
by
damages
working
party
period
period
collected
the
vessels
if
such
whichever
for
delivery
at
between
point
expiry
least
sale
oil
accordance
for
days
and
3
between
following
by
contract
lorry(ies)/coastal
period
is
of
However,
of
eitherto
shall
shall
the
cable,
against
is
damages
sale
his
or
any,
the
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