Guidelines for Appropriations
|
|
- Magdalene Daniel
- 7 years ago
- Views:
Transcription
1 Reprinted 1 st September 2010 Guidelines for Appropriations Printed in England and issued by GAFTA THE GRAIN AND FEED TRADE ASSOCIATION 9 LINCOLN S INN FIELDS, LONDON WC2A 3BP Address: post@gafta.com URL: 1
2 GUIDELINES FOR APPROPRIATIONS UNDER THE APPROPRIATION CLAUSES OF GAFTA CIF, CIFFO, C&FFO CONTRACTS These notes have been prepared as a simple guide for Members trading under the terms and conditions of GAFTA Contracts containing an appropriation clause. They serve only as a means to assist Members in the practical execution of their obligations under the appropriation clause by highlighting the intentions contained in the various paragraphs in the clause. The notes are not intended, nor should they be taken as being a contractually binding interpretation of all or part of the paragraphs contained in the clause. The definitive appropriation clause is contained in the specific contract form negotiated between the parties and many clauses in the GAFTA range of contracts have a number of differences. Whilst every care has been taken in the preparation of these notes which are believed to be accurate, neither the Association nor its officers can accept any liability whatsoever resulting from any error, mis-statement or omission therein. THE NOTICE OF APPROPRIATION INTRODUCTION: The appropriation clauses in GAFTA contract forms vary in accordance with the geographical and logistic requirements of the individual contract forms. The giving and receiving of notices of appropriation should be performed by the parties to the contract with all due consideration of the appropriation clause in the applicable contract form. There is clear distinction to be observed between the obligations of the first seller/shipper and those of the subsequent sellers. The obligations of subsequent sellers (string sellers) are dealt with under the sub-heading "STRING SELLERS". (NB: In some markets it is customary to describe the notice of appropriation as a tender ). OBJECTIVE: The notice of appropriation serves primarily to ascertain or identify previously unascertained goods. It is to confirm to the buyer that the shipper has fulfilled his obligation to provide, identify and ship the goods described in the contract within the quantity and time constraints of that contract. The prime practical purpose is to provide the last CIF buyer/receiver with sufficient information to enable them to be in a position to take delivery of the goods on arrival of the appropriated vessel. The notice does not pass ownership of the goods or property; that will generally pass when the shipping documents are taken up and paid for. CONTENT: The appropriation clauses require the notice issued by the shipper to state the vessel's name and the approximate quantity loaded. The date of bill(s) of lading and port(s) of shipment may be required to be given by the clause in some contracts, where not required the clause will normally contain a paragraph that the date or presumed date of the bill of lading should be stated in the notice, but that it will be for information only and shall not be binding. VESSEL S NAME: The correct vessel's name must be given in the notice, however, an error in transmission of the vessel's name will normally be acceptable. In addition, the vessel named must have been in the port of loading and have loaded the goods described in the contract at the time indicated by the bill of lading. 2
3 APPROXIMATE QUANTITY LOADED: The weight loaded has to fall between the quantity tolerance margins defined in the contract. Where the weight is outside of those tolerance margins the buyer can reject the notice. An exception to this would be where a contract has been traded on parcel terms and the quantity appropriated is below the lower tolerance margin, but the shipper has stated that the quantity appropriated is in part fulfillment of the contract quantity. Such a notice would indicate to the buyer that the shipper intends to appropriate a further quantity against the contract, either on the same vessel or another vessel. As stated in the contracts, in the case of more than one shipment being made against the contract, each shipment is considered a separate contract, but the tolerance margins of the mean quantity sold are not affected. BILL OF LADING: The bill of lading date is not binding in the sense that it is being stated for information only in the appropriation. However, it does fix the start of the time limit by which the notice must be despatched, and for this the actual date of the bill of lading will prevail. The date also identifies to the buyer that the shipper has complied with his obligations to ship within the contractual period for shipment. In the case of contracts under cargo/part cargo terms, the date of the last bill of lading is the effective date. The actual date of the bill will become known when the shipping documents are passed, and it is then that it will be seen finally whether the appropriation has been despatched by the shipper within the time limit. TIME LIMITS: a)the sending of the notice of appropriation by the first seller/shipper is bound by time limitations, that is say, by a stipulated number of days from the date of the bill of lading. As a general principle, the time limits are based on the approximate length of the sea voyage. The non-business days clause does not apply to these time limits. In the event of a notice not being within the time limits, the buyer can reject the appropriation. The time limits are imposed to try and ensure that the information contained in the notice reaches the last buyer/receiver prior to the vessel arriving at the contract destination. When the vessel arrives before receipt of the notice, any extra expenses incurred by the last buyer/receiver will be borne by the seller. b) There are additional time limit provisions pertaining to subsequent sellers i.e. parties in a string, those time limits are dealt with in the paragraphs referring to "STRING SELLERS". DESPATCH OF NOTICE: The notice of appropriation must be despatched by the first seller/shipper to his buyer either direct, or to the selling agent or broker named in the contract. Where a notice is despatched to the selling agent, such selling agent may despatch that notice either direct to the buyers or to the broker. A notice despatched to the broker is considered as an appropriation despatched to the buyer. It should be noted that the emphasis is on despatch. To comply with the time limits, the notice must be despatched within those time limits. The time of the notice being received only comes into play when the first buyer is also a subsequent seller and is required to pass that notice on within the time limits laid down in the clause for subsequent sellers. The means of despatch must be by way of a telegram, telex or other rapid written communication, or by letter if delivered by hand on day of writing. The notice is open to correction of any errors occurring in transmission, provided that the sender is not responsible for such errors, and for any previous error in transmission that has been repeated in good faith. VALIDITY: A buyer receiving an appropriation that does not comply with the terms of the contract can reject the invalid appropriation. A seller, having given an invalid appropriation, can re-appropriate always providing the new appropriation itself is valid and in particular, complies with all the time limits laid down in the appropriation clause. A valid notice of appropriation, once given, cannot be withdrawn, except by consent of the buyer. NAMED VESSEL SALES: In the event that a CIF sale is made on a named vessel on a shipped or afloat basis, the contract provides that the appropriation clause is cancelled as the goods have already been effectively identified and loaded. On 3
4 the other hand, if a sale has been made by a named vessel with expected to load dates or on a shipping/shipped or about to be shipped basis, then it is necessary for a timely notice of appropriation to be given to indicate that the goods have indeed been loaded. ARRIVAL PERIODS: Members are reminded, that to trade basis arrival periods as opposed to shipment periods on conventional contract forms, is a dangerous practice as the appropriation clause and other notice giving clauses of these contracts are drafted only in the context of shipment periods. There are contracts in the GAFTA range of forms, whose specific purpose is to provide for CIF trades on an arrival basis. (See Contracts Nos.: 94, 94A, 95, 112). STRINGS: Very often there will be a number of intermediate buyers and sellers, collectively known as the string intervening between the first seller/shipper and the last buyer/receiver. The strings can be of indeterminate length and where long strings are involved in the more volatile markets they can be a constant source of problems. In many cases it will be the passage of the notice of appropriation that will establish the string. When the first seller/shipper originates the notice, there will usually be no way of knowing the length of the string, nor how long it will take for the notice to finally arrive with the last buyer/receiver. The situation where the notice of appropriation has not been received by the time the vessel arrives can cause considerable problems and will often mean extra expense is incurred by the last buyer/receiver. This extra expense is to be borne by the intermediate sellers and in a string situation this will normally be the seller who received the notice before arrival of the vessel, but did not pass it on to his buyer until after the arrival of the vessel. In markets where the length of string frequently means the appropriation is not received until after arrival of the vessel, it may be advantageous if the participants mutually agree to the voluntary provision of their sellers names at time of appropriation. This would enable the parties in the string to establish if circles existed, thus saving time and expense not only for the last buyer/receiver, but for the parties in string as well. The following is a suggested clause, which could be negotiated between the parties to be added to a notice of appropriation Identification of String: To assist in establishing circles, and to enable efficient processing of shipping documents on or before arrival of the vessel at destination in order to save administration/presentation costs, please add name of your seller to list below and pass on to your buyer. The above list is for information only and shall not be contractually binding. Any absence or error in the list given above shall not invalidate the appropriation. NB:Ideally, the inclusion of this addendum should be agreed at the time of trade. Such a clause is used in some markets, but all parties in a string have to co-operate in its use, otherwise it could be unworkable. STRING SELLERS: Where the parties to a contract are neither a first seller/shipper nor a last buyer/receiver, they are effectively parties to a string. Although not actually originating the notice of appropriation, the parties to a string must each take on the role of subsequent sellers which requires very careful observance of their obligations under the appropriation clause of their respective contracts, particularly the passing on of notices. Subsequent sellers are initially bound by the same time limits as the first seller/shipper, that is to say, the notice of appropriation must be sent within the stipulated number of days from the date of the bill of lading. However, bearing in mind the potential length of strings, provision is made for the situation where subsequent sellers may receive an appropriation on or after the last day for appropriation. In such a situation, the notice the subsequent seller passed on to his buyer is only deemed to be in time if it is passed on without delay. In most contract forms, the period of delay is clearly defined and depends on when the notice has been received 4
5 by the subsequent seller If received before 1600 hours on a business day, the notice will be deemed in time if despatched to the buyer on the same calendar day. If received after 1600 hours or on the next business day or on a non-business day, the notice will be deemed in time if despatched to the buyer not later than 1600 hours on the next business day. Apart from these additional time limits, the subsequent seller is bound by the same obligations as the first seller/shipper described in previous paragraphs above. The only difference is that the subsequent seller is passing on a notice that has been originated by the first seller/shipper and at the time of receipt has no way of confirming the accuracy of the information in it. The contract protects the subsequent seller from any errors not of his making and any errors in transmission which he repeats in good faith. REJECTION: A buyer wishing to reject an invalid notice of appropriation should do so as soon as possible after receipt, by giving written notice of rejection to the seller, such notice should state the reason for rejection. Where a buyer in a string receives an invalid or a suspected invalid appropriation, but wishes to preserve his string status by not initiating the rejection himself, but in turn passing the appropriation on to his buyer, he will be well advised to give notice to the seller that he accepts the appropriation under reserve and subject to its acceptance by the subsequent buyer(s). However, the presentation of shipping documents will follow and each buyer in the string must make a decision to take up and pay for the documents or reject them. To reject documents on the basis that an appropriation was invalid and which subsequently turns out to be valid, will, of course, put the buyer himself in a default situation and liable to a possible claim for damages. The buyer, even though he may be in a string, will usually need to make a positive decision on whether an appropriation is valid or not, by the time the documents are presented. PROOF OF STRING: Non-compliance with time limits, is the most common cause for invalidating appropriations. Any notice received outside the specified number of days may be suspect, depending on the length of the string. To establish validity from a time point of view, the party receiving a suspect appropriation can request the seller to provide a proof of string. If it is felt necessary to make such a request it should be done so without delay. The request should be in the form of a rapid written communication, asking for names of previous sellers, the times they received the appropriation and the times they despatched it to their respective buyers. In considering the validity of these times it should be borne in mind that an appropriation despatched to the broker is considered as being despatched to the buyers. The request for proof of string can only be passed back to the point where it gets to the party who received the appropriation on the last day of the specified period, that party must show that he despatched it timely to his buyer. Provided the first seller/shipper passed the appropriation on within the specified period from the date of the bill of lading, it is of no consequence who or how many passed it on within that period. However, after that period has expired, each subsequent seller in the string must show that they passed the appropriation on timely. Whilst every effort should be made by all parties in a string expeditiously to provide proof of string, if proof is not available at time of documents presentation, in itself this lack of proof is not sufficient reason for the buyer to reject the documents. In such a situation, the buyer may ask for a guarantee that a valid proof of string document will be provided in due course and he should pay for the documents under reserve. VESSEL SINKS: The notice of appropriation does not give title/ownership of the goods under a CIF contract, but at the time of receipt by the buyer, it does identify to him that the goods are his, "they are appropriated to him", and that he will have to take ownership of them when the seller presents him with the shipping documents for payment. In situations where the appropriated vessel sinks, or suffers some sort of marine accident en route to the contractual destination, the buyer must still take up and pay for those shipping documents. The buyer is effectively paying for documents giving title rather than for the goods themselves. Where there is a mishap at sea the insurance certificate provided with the documents and/or the provisions in 5
6 the contract form should provide sufficient cover for any loss that may be incurred by the CIF buyer. The receipt of a valid notice of appropriation under the CIF contract obliges the buyer to take up and pay for contractual shipping documents, even if the vessel sinks prior to receipt of the valid notice of appropriation. The appropriation is valid if it correctly represents the situation at the time the goods were shipped, that is at time the loading of that parcel/cargo was completed. An event that could subsequently lead to the rejection of the appropriation is if it is passed on out of time. An accident at sea will not, in itself, invalidate the appropriation, and in such a situation a buyer would have to accept a valid appropriation. 6
Venta de mercancías perecederas y materias primas - General General free on board terms contract (F.O.B.)
Venta de mercancías perecederas y materias primas - General General free on board terms contract (F.O.B.) Autor: Alberto Rino Fuente información: Juris Internacional Fecha: 15/02/04 Date Sellers Intervening
More informationTrade Rules of the National Hay Association U.S. FORAGE EXPORT COUNCIL
Trade Rules of the National Hay Association U.S. FORAGE EXPORT COUNCIL Adopted May 6, 2014 All Active members and other parties using these rules are free to agree upon any contractual provisions that
More informationThe Training Material on Multimodal Transport Law and Operations has been produced under Project Sustainable Human Resource Development in Logistic
The Training Material on Multimodal Transport Law and Operations has been produced under Project Sustainable Human Resource Development in Logistic Services for ASEAN Member States with the support from
More informationCIF Cost, Insurance & Freight
CIF Cost, Insurance & Freight Cost, Insurance and Freight means that the seller delivers when the goods pass the ship's rail in the port of shipment. The seller must pay the costs and freight necessary
More informationUNITED NATIONS CONVENTION ON CONTRACTS FOR THE INTERNATIONAL SALE OF GOODS (1980) [CISG]
UNITED NATIONS CONVENTION ON CONTRACTS FOR THE INTERNATIONAL SALE OF GOODS (1980) [CISG] For U.S. citation purposes, the UN certified English text is published in 52 Federal Register 6262, 6264 6280 (March
More informationNGFA Secondary Rail Freight Trading Rules (Affreightment)
NGFA Secondary Rail Freight Trading Rules Adopted March 20, 2007 Amended March 31, 2009 Amended March 05, 2010 Amended March 15, 2011 Amended March 19, 2013 Table of Rules Preamble Rule 1. Trade Rule 2.
More informationDOCUMENT PREPARATION UNDER LETTERS OF CREDIT
There are some universal requirements, including those listed below: DOCUMENT PREPARATION UNDER LETTERS OF CREDIT Document: THE LETTER OF CREDIT it is the correct referenced letter of it is still valid
More informationCIP Carriage & Insurance Paid To
CIP Carriage & Insurance Paid To Carriage and Insurance paid to means that the seller delivers the goods to the carrier nominated by him but the seller must in addition pay the cost of carriage necessary
More informationGeneral Conditions of Rail Cargo Operator Hungaria Ltd. (RCO-HU) Implemented on 1st of January 2009
General Conditions of Rail Cargo Operator Hungaria Ltd. (RCO-HU) Implemented on 1st of January 2009 Preamble These General Conditions of Rail Cargo Operator Hungaria Ltd. govern the relationship between
More informationGENERAL TERMS OF PURCHASE of Globe Chemicals GmbH valid for contracts with merchants effective May 1 st, 2005
GENERAL TERMS OF PURCHASE of Globe Chemicals GmbH valid for contracts with merchants effective May 1 st, 2005 1. General 1.1 The terms of purchase set out below are valid for all also future purchases
More informationSale of Goods (Vienna Convention) Act 1986
Version: 1.4.1989 South Australia Sale of Goods (Vienna Convention) Act 1986 An Act to give effect within South Australia to the United Nations Convention on Contracts for the International Sale of Goods;
More informationINCOTERMS 2000 EX WORKS (EXW)
INCOTERMS 2000 The purpose of Incoterms 2000 is to provide a set of international rules for the interpretation of the most commonly used trade terms in foreign trade. Thus, the uncertainties of different
More informationAbout the Institute and Faculty of Actuaries eshop
About the Institute and Faculty of Actuaries eshop We sell publications issued by the Institute and Faculty of Actuaries and titles by external publishers. A small selection of other items such as ties
More informationBUYING AGENCY AGREEMENT
THIS AGREEMENT ( Agreement ) is made this day of, 20xx, by and between, with its principal place of business at referred to hereinafter as Buyer, and, with its principal office at, hereinafter referred
More informationEXW (insert named place of delivery) Incoterms 2010
RULES FOR ANY MODE OR MODES OF TRANSPORT EX WORKS EXW (insert named place of delivery) Incoterms 2010 GUIDANCE NOTE This rule may be used irrespective of the mode of transport selected and may also be
More informationCFR (CNF/C&F) (Cost and Freight) has a long history in the INCOTERMS.
Incoterms - CFR/CIF CFR (CNF/C&F) (Cost and Freight) has a long history in the INCOTERMS. As an INCOTERM, seller passes the risk to the buyer when the cargo crosses the ship's rail at the port of origin.
More informationCONTRACT FOR SALE AND PURCHASE OF ASSET BETWEEN. PETRONAS Chemical Derivatives Sdn Bhd ( COMPANY ) AND BUYER
CONTRACT FOR SALE AND PURCHASE OF ASSET BETWEEN PETRONAS Chemical Derivatives Sdn Bhd ( COMPANY ) AND BUYER This CONTRACT FOR THE SALE AND PURCHASE OF ASSET (hereinafter referred to as Contract ) is made
More informationCircular to Assureds (no 007 2010) Background
Subject: Sanctions Circular to Assureds (no 007 2010) Background Assureds will be aware that there are currently significant complications involved in trading with Iran or Iranian interests. From a charterers
More informationGENERAL TERMS & CONDITIONS
GENERAL COMMERCIAL TERMS & CONDITIONS in case of deliveries in the non-eu 1 GENERAL TERMS & CONDITIONS The Order Confirmation and the General Terms & Conditions (GCT&C) regulate the relationship of the
More informationGeneral Conditions of Danske Havnevirksomheder 2007
DANSKE HAVNEVIRKSOMHEDER H.C Andersen Boulevard 18 DK-1787 København V www.dkhv.dk General Conditions of Danske Havnevirksomheder 2007 Section 1 General provisions 1 Definitions For the purposes of these
More information1999 No. 2083 CONSUMER PROTECTION. The Unfair Terms in Consumer Contracts Regulations 1999
STATUTORY INSTRUMENTS 1999 No. 2083 CONSUMER PROTECTION The Unfair Terms in Consumer Contracts Regulations 1999 Made - - - - 22nd July 1999 Laid before Parliament 22nd July 1999 Coming into force 1st October
More informationGeneral Conditions of Purchase (as of March 2002) Abbr.: AEB 03-2002 of the Salzgitter Bauelemente GmbH, Salzgitter
General Conditions of Purchase (as of March 2002) Abbr.: AEB 03-2002 of the Salzgitter Bauelemente GmbH, Salzgitter 1. Area of validity (1) The present conditions shall apply to all supplies and services
More informationMAJOR EQUIPMENT PURCHASE CONTRACT
MAJOR EQUIPMENT PURCHASE CONTRACT CONSUMERS ENERGY COMPANY ONE ENERGY PLAZA JACKSON, MI 49201 ( Buyer ) ( Seller ) Date:, 20 Subject to the provisions of this Major Equipment Purchase Contract ( Contract
More informationGENERAL CONDITIONS OF LATVIAN NATIONAL ASSOCIATION OF FREIGHT FORWARDERS and LOGISTIC LAFF
GENERAL CONDITIONS OF LATVIAN NATIONAL ASSOCIATION OF FREIGHT FORWARDERS and LOGISTIC LAFF Effective as of January 1, 2007 These conditions taking effect on January 1, 2007, have been agreed between the
More informationMarket Pulp. General Terms and Conditions of Sale. February 2013. Canfor Pulp and Paper Marketing A Division of Canadian Forest Products Ltd.
Market Pulp General Terms and Conditions of Sale February 2013 Canfor Pulp and Paper Marketing A Division of Canadian Forest Products Ltd. Canfor Pulp and Paper Marketing Ltd. A Subsidiary of Canadian
More informationThe Commercial Agents Regulations.DOC. The Commercial Agents Regulations
The Commercial Agents Regulations.DOC The Commercial Agents Regulations Contents 1. Introduction... 1 2. The Previous Position... 1 3. Commercial Agent... 2 4. Rights and Duties... 3 5. Remuneration...
More informationFinancial Instruments
There are two basic forms of Letters of Credit: Standby (SBLC) and Documentary (DLC). Financial Instruments Documentary Letters of Credit can be either Revocable or Irrevocable, although the first is extremely
More information2.4 In case of conflict between these Conditions and the terms of the Agreement, the Agreement shall prevail.
GENERAL TERMS AND CONDITIONS OF PURCHASE OF FONDEL ALLOYS LIMITED 1. Definitions For the purpose of these general terms and conditions of purchase Agreement shall mean the agreement entered into between
More informationMARINE INSURANCE CONDITIONS COVERING LOSS OF INCOME OF SEA-GOING VESSELS
These clauses are for illustrative purposes only and different terms and conditions may be agreed in particular where any clause excludes losses or makes cover subject to certain conditions. MARINE INSURANCE
More informationInternational Insurance - Part 3. Auto, Employee Benefits & Cargo Coverage
International Insurance - Part 3 Auto, Employee Benefits & Cargo Coverage INTERNATIONAL INSURANCE Auto, Employee Benefits & Cargo Insurance Part 3 Robin Federici, CPCU, AAI, ARM, AINS, AIS, CPIW PO BOX
More informationPREFACE. The Contract for the Supply and Delivery of Goods has been prepared for use in supplies contracts which have the following characteristics:
Supply Chain Management Document Number: SCM006 Document Title: Supply Contract Version: 01 Purpose: Standard contract for all supplies of goods PREFACE The Contract for the Supply and Delivery of Goods
More informationDDP Delivered Duty Paid
1 DDP Delivered Duty Paid Delivered Duty Paid means that the seller delivers the goods to the buyer, cleared for import, and not unloaded from any arriving means of transport at the named place of destination.
More informationDACHSER TURKEY HAVA VE DENIZ TASIMACILIGI A.S. RULES FOR FREIGHT FORWARDING SERVICES
DACHSER TURKEY HAVA VE DENIZ TASIMACILIGI A.S. RULES FOR FREIGHT FORWARDING SERVICES PART I GENERAL PROVISIONS CONDITIONS OF APPLICATION 1.1. These rules shall be binding upon any reference, whether verbal
More informationGeneral Terms and Conditions for the Purchase and Maintenance of Hardware
General Terms and Conditions for the Purchase and Maintenance of Hardware A COMMON INTRODUCTORY PROVISIONS 1 Object and validity 1.1 The present General Terms and Conditions (GTC) govern the conclusion,
More informationINVESTMENT ADVISORY AGREEMENT
The undersigned client ( I ) agrees to engage WealthStrategies Financial Advisors, LLC ( you ) as advisor for the Account(s) custodied with FOLIOfn Investments, Inc. ( Account(s) ) upon the following terms
More information[LBMA Member] - and - [Consignee] CONSIGNMENT AGREEMENT
[LBMA Member] (1) - and - [Consignee] (2) CONSIGNMENT AGREEMENT London Bullion Market Association G:\lbma\Trading\Consignment Agreement 20051219.doc THIS AGREEMENT is made on BETWEEN: (1) [name of LBMA
More informationNGFA Grain Trade Rules
Adopted Oct. 3, 1902 Amended Oct. 8, 1903 Revised Jan. 1, 1906 Amended June 5, 1906 Revised Oct. 12, 1910 Amended Oct. 2, 1912 Revised Oct. 14, 1914 Amended Oct. 13, 1915 Amended Sept. 26, 1917 Amended
More informationTrelleborg Sealing Solutions Germany GmbH Handwerkstr. 5-7, 70565 Stuttgart. General Conditions of Purchase for Components
Trelleborg Sealing Solutions Germany GmbH Handwerkstr. 5-7, 70565 Stuttgart General Conditions of Purchase for Components 1. Basic Provisions 1.1 The General Conditions of Purchase of Trelleborg Sealing
More informationIncoterms 2010 Workshop. November 2010
Incoterms 2010 Workshop AGENDA Introduction to the International Trade Terms Trade Terms: EXW; FCA; FAS; FOB; CFR; CIF Trade Terms: CPT; CIP; DAT; DAP;DDP Important Notes on Obligations, Risks and Exposure
More informationGENERAL TERMS AND CONDITIONS OF PURCHASE
GENERAL TERMS AND CONDITIONS OF PURCHASE of EGSTON Eggenburger System Elektronik Gesellschaft m.b.h. and EGSTON System Electronic spol. s.r.o. (hereinafter referred to as "EGSTON") Table of contents Clause
More informationALL AMERICAN TRUCKING CO. LLC Carrier Sign on Checklist
ALL AMERICAN TRUCKING CO. LLC Carrier Sign on Checklist Carrier Name: Signed Transportation Agreement between ALL AMERICAN TRUCKING CO. LLC and Carrier Copy of Carrier s PUCO Operating Authority Signed
More informationCONTRACT CONDITIONS FOR LOGISTICS (2014)
CONTRACT CONDITIONS FOR LOGISTICS (2014) The Company provides all items and services on the following Conditions which can be varied only in writing by an Officer of the Company. The Company is a member
More informationGeneral Terms and Conditions of Sale and Delivery BruggemannChemical U.S., Inc. Date: January 1, 2012. I. General
General Terms and Conditions of Sale and Delivery BruggemannChemical U.S., Inc. Date: January 1, 2012 I. General 1.1 The following general terms and conditions of sale and delivery (hereinafter General
More informationTRADE AFRICA Trade Promotion Program
Incoterms 2000 In their sells contract the seller (exporter) and the buyer agree on the conditions of sale: payment on the one hand, delivery on the other. These terms determine at what precise moment
More informationTRADE RULES. First Issued: March 1998. Amended: November 1999. Amended: July 2000. Amended: September 2001. Amended: September 2003
TRADE RULES First Issued: March 1998 Amended: November 1999 Amended: July 2000 Amended: September 2001 Amended: September 2003 Amended: October 2004 Amended: May 2005 Amended: September 2005 Amended: May
More informationSTANDARD TERMS AND CONDITIONS FOR SUPPLY OF GOODS AND SERVICES LE MARK SELF ADHESIVE LTD.
STANDARD TERMS AND CONDITIONS FOR SUPPLY OF GOODS AND SERVICES OF LE MARK SELF ADHESIVE LTD. 1 DEFINITIONS In this document the following words shall have the following meanings: 1.1 "Agreement" means
More informationI. Understanding the Roles of Offer and Acceptance in the Formation of a Contract *
I. Understanding the Roles of Offer and Acceptance in the Formation of a Contract * What is an Acceptance? An acceptance is a manifestation of assent to the terms [of the offer] made by the offeree in
More informationLIVERPOOL JOHN LENNON AIRPORT TERMS AND CONDITIONS OF USE OF CAR PARKS
LIVERPOOL JOHN LENNON AIRPORT TERMS AND CONDITIONS OF USE OF CAR PARKS IMPORTANT NOTICE Entry to or use of the car parks at Liverpool John Lennon Airport ( the airport ) is subject to the current terms
More informationLCH.CLEARNET LIMITED. Update to Regulation 62 and Definitions.
LCH.CLEARNET LIMITED Update to Regulation 62 and Definitions. 11 December 2008 Please note the following update to the Regulation 62 and Definitions to the General Regs which should be as follows: Definitions
More informationINCOTERMS 2010 AN INTRODUCTION
AN INTRODUCTION 1 Copyright CargocandisFürst WHAT THEY ARE Incoterms is an abbreviation of International Commercial Terms Incoterms are published by the International Chamber of Commerce First published
More informationMETHODS OF PAYMENT OR SETTLEMENT
METHODS OF PAYMENT OR SETTLEMENT Objectives: After studying this chapter you should be able to understand: 4.1 Advance payment 4.2 Open account 4.3 Documentary collections Some of the inherent risks involved
More informationInstruction of 28 April 2014
Instruction of 28 April 2014 SPECIAL RULES AND REGULATIONS GOVERNING THE NO. 2 MILLING WHEAT FUTURES CONTRACT Statement in relation to the MATIF Delivery Process : Potential users of the Milling Wheat
More informationContract Specifications of Natural Gas
Contract Specifications Natural Gas Annexure 1 Symbol Description Contracts Available Last Day Trading Contract Duration Trading period Trading session Trading Unit Quotation/Base Value Price Quotation
More informationTEN THINGS THAT EVERY TRUST BENEFICIARY IN TEXAS SHOULD KNOW
TEN THINGS THAT EVERY TRUST BENEFICIARY IN TEXAS SHOULD KNOW INTRODUCTION: We have specialized in estate planning, probate, guardianship and trust law for over forty five years. For the past fifteen years
More informationBROKER CARRIER AGREEMENT. THIS AGREEMENT is made and entered into on, 200, by and between REED FREIGHT SERVICES, INC. ( BROKER ) and ("CARRIER").
BROKER CARRIER AGREEMENT THIS AGREEMENT is made and entered into on, 200, by and between REED FREIGHT SERVICES, INC. ( BROKER ) and ("CARRIER"). I. Recitals A. BROKER is a licensed transportation broker
More informationTerms and Conditions of Sale
Broadberry Data Systems Limited ("The Company") Terms and Conditions of Sale 1. General a) Unless otherwise expressly agreed in writing by a Director (or authorised executive) of the Company all goods
More informationINCOTERMS 2010. International Commercial Terms by the ICC (International chamber of commerce)
INCOTERMS 2010 International Commercial Terms by the ICC (International chamber of commerce) Who is responsible and has to pay the damage/loss?? PURPOSE OF INCOTERMS To provide a set of international
More informationChartering. Capt. Vivek Jain Barrister( England), Solicitor Advocate( England) MBA( Norway)
Chartering Capt. Vivek Jain Barrister( England), Solicitor Advocate( England) MBA( Norway) Master Mariner( UK), LLB, LLM, B.Sc.( N. Sc) Ex-Asso. Prof ( Univ. of Plymouth) Lecture Plan 1. Contractual Chain
More information9. Unforeseen Delay 9.1 neither party shall be responsible for any losses resulting in the fulfilment of any of the terms of the
STANDARD TERMS AND CONDITIONS OF BUSINESS 1. Definitions 1.1 In the context of these standard terms and conditions of business:- 1.1.1 'the seller' means Entwistle and Joynt Limited of 62 Darlington Street
More informationAl-Saudia Virtual Academy Pakistan Online Tuition Online Tutor Pakistan
Al-Saudia Virtual Academy Pakistan Online Tuition Online Tutor Pakistan LETTERS OF CREDIT Introduction: As the world s economy expanded, international trade started. In the beginning, there were serious
More informationDERUDDER General terms of sale: applicable since 1st January 2013 and governing all transactions completed by DERUDDER, except for sea freight
DERUDDER General terms of sale: applicable since 1st January 2013 and governing all transactions completed by DERUDDER, except for sea freight services performed by DERUDDER NETWORK, and for which DERUDDER
More informationINVESTMENT ADVISORY AGREEMENT
Wealth through ingenuity. INVESTMENT ADVISORY AGREEMENT AGREEMENT, made this day of, 20 between the undersigned party,, whose mailing address is (hereinafter referred to as the CLIENT ), and CMG CAPITAL
More informationLatvian Central Depository Regulation No. 5 On DVP Settlements for Over-the-Counter Transactions
Latvian Central Depository Regulation No. 5 On DVP Settlements for Over-the-Counter Transactions APPROVED by the Latvian Central Depository Council Meeting on 27 October 2006 AMENDMENTS APPROVED At the
More informationCompany means Jupiter Global Ltd., a member of the Hong Kong Association of Freight Forwarding and Logistics Limited trading under these Conditions.
CONDITIONS OF CONTRACT (AIR) Standard Trading Condition (1) Definitions: Ancillary Services includes services of arranging for the storage, warehousing, collection, delivery, local transportation, insurance,
More informationFairtrade Standard. Supersedes previous version: 16.02.2009. Expected date of next review: 2013. Contact for comments: standards@fairtrade.
Fairtrade Standard for Coffee for Small Producer Organizations Current version: 01.04.2011 Supersedes previous version: 16.02.2009 Expected date of next review: 2013 Contact for comments: standards@fairtrade.net
More informationINCOTERMS IN TWO MAJOR GROUPS
INCOTERMS IN TWO MAJOR GROUPS Incoterms has become a famous term in the international freight world. In fact it is a word that is copyrighted by the International Chamber of Commerce (ICC). Following some
More informationGeneral Terms and Conditions
1zu1 Prototypen GmbH & Co KG, Färbergasse 15, A-6850 Dornbirn T +43 (0)5572 52946-0, F -15, info@1zu1.eu, www.1zu1.eu General Terms and Conditions Färbergasse 15, 6850 Dornbirn, Austria -- in the following
More informationSCOPE OF U.C.C. ARTICLE 2 PART I
SCOPE OF U.C.C. ARTICLE 2 PART I Article 2 of the U.C.C. governs contracts for the sale of goods, pursuant to which: (1) title (formal right of ownership) of (2) goods (tangible, movable property) is transferred
More informationTerms of sale, payment and delivery. I. General Commitment
Terms of sale, payment and delivery I. General Commitment 1. Our deliveries, services and offers are exclusively based on these terms of sale, payment and delivery (General Business Terms). Deviating terms,
More informationDIVIDEND REINVESTMENT PLAN THE SCOTTISH INVESTMENT TRUST PLC
DIVIDEND REINVESTMENT PLAN THE SCOTTISH INVESTMENT TRUST PLC TERMS & CONDITIONS The Scottish Investment Trust PLC has arranged a dividend reinvestment plan that gives shareholders the opportunity to use
More informationGeneral Terms and Conditions of Peak Payroll Services B.V. In these General Terms and Conditions:
General Terms and Conditions of Peak Payroll Services B.V. Article 1 General In these General Terms and Conditions: 1. The Client refers to the party issuing the assignment, and 2. Peak refers to the company
More informationPURCHASE TERMS & CONDITIONS (EFFECTIVE MAY 23, 2014)
PURCHASE TERMS & CONDITIONS (EFFECTIVE MAY 23, 2014) 1. ACCEPTANCE OF CONTRACT: Campbell Hausfeld ( Buyer ) is not bound by any purchase order until Seller executes and returns to Buyer the acknowledgment
More informationBIMCO Infectious or Contagious Diseases Clause for Voyage and Time Charter Parties
SPECIAL CIRCULAR No. 3 16 January 2015 161 Bagsvaerdvej DK - 2880 Bagsvaerd Tel: +45 4436 6800 documentary@bimco.org www.bimco.org BIMCO Infectious or Contagious Diseases Clause for Voyage and Time Charter
More informationDraft Option Agreement for company share purchase following the critical illness of a shareholder
Draft Option Agreement for company share purchase following the critical illness of a shareholder This option agreement is provided in draft form for consideration by your legal advisers. They must undertake
More informationImplementing Regulations under the Benelux Convention on Intellectual Property (Trademarks and Designs) *
Implementing Regulations under the Benelux Convention on Intellectual Property (Trademarks and Designs) * The Executive Board of the Benelux Trademark Office and the Executive Board of the Benelux Designs
More informationOverseas Customer New Account Application Form
Overseas Customer New Account Application Form Sheet 1 CUSTOMER DETAILS Registered Incorporation No: Contact Name: Email Website: V.A.T. No: NOTE: Credit cannot be offered unless a Finance contact name,
More informationLetters of Credit. A Guide to Letters of Credit
Letters of Credit A Guide to Letters of Credit These manuals are created as resource guides for members of Saskatchewan Trade and Export Partnership (STEP). For more information on these manuals please
More informationATLANTA COMMERCIAL BOARD OF REALTORS, INC. EXCLUSIVE LISTING AGREEMENT FOR SALE OF REAL PROPERTY
ATLANTA COMMERCIAL BOARD OF REALTORS, INC. EXCLUSIVE LISTING AGREEMENT FOR SALE OF REAL PROPERTY THIS EXCLUSIVE LISTING AGREEMENT (this Agreement ), dated, is made and entered into by and between as owner
More informationGENERAL CONTRACT OF USE FOR WAGONS GCU
GENERAL CONTRACT OF USE FOR WAGONS GCU Edition dated 1 January 2016 CONTENTS PREAMBLE 5 CHAPTER I OBJECT, SCOPE OF APPLICATION, TERMINATION, FURTHER DEVELOPMENT OF THE CONTRACT, DISCONTINUANCE OF BEING
More informationIKM-I-K-01E Standard conditions of purchase IKM Gruppen Side 1 av 6
IKM-I-K-01E Standard conditions of purchase IKM Gruppen Side 1 av 6 Løvås Svein Firma/Company: IKM Gruppen AS 1. GENERAL 1.1 These conditions of purchase shall apply unless otherwise agreed in writing.
More informationFreight Claim Submission Process
TSG Claims 770-995-3036 x260 Claims@shiptsg.com Freight Claim Submission Process All of the following documents must be submitted in support of the freight claim: Fully completed Standard Form for Presentation
More informationCONDITIONS OF TENDER TENDER DESCRIPTION : THE CONSTRUCTION, MANAGEMENT AND OPERATION OF READY-MIX CONCRETE BATCHING PLANT AT
CONDITIONS OF TENDER TENDER NO : XXX TENDER DESCRIPTION : THE CONSTRUCTION, MANAGEMENT AND OPERATION OF READY-MIX CONCRETE BATCHING PLANT AT EVALUATION CRITERIA 1. Unless otherwise allowed by the Ministry
More informationChapter 10 Transportation Managing the Flow of the Supply Chain
Chapter 10 Transportation Managing the Flow of the Supply Chain Transportation involves the physical movement of goods between origin and destination points. The transportation system links geographically
More informationSSL - SVAZ SPEDICE A LOGISTIKY ČESKÉ REPUBLIKY ASSOCIATION OF FORWARDING & LOGISTICS OF THE CZECH REPUBLIC
SSL - SVAZ SPEDICE A LOGISTIKY ČESKÉ REPUBLIKY ASSOCIATION OF FORWARDING & LOGISTICS OF THE CZECH REPUBLIC General Conditions of Freight Forwarding - Version 2014 The Association of Forwarding and Logistics
More informationPLEASE NOTE. For more information concerning the history of this Act, please see the Table of Public Acts.
PLEASE NOTE This document, prepared by the Legislative Counsel Office, is an office consolidation of this Act, current to November 1, 2003. It is intended for information and reference purposes only. This
More informationTerms and Conditions for Purchase Orders for Recycling Materials
Terms and Conditions for Purchase Orders for Recycling Materials This Agreement is made by and between AEROJET-GENERAL CORPORATION, an Ohio corporation with a place of business at Rancho Cordova, California
More informationedition: 1. March 2011 Conditions of Business Arbitration Rules Rules for Experts Waren-Verein der Hamburger Börse e.v.
2011 edition: 1. March 2011 Conditions of Business Arbitration Rules Rules for Experts Waren-Verein der Hamburger Börse e.v. All rights reserved. Waren-Verein der Hamburger Börse e.v. Große Bäckerstraße
More informationGeneral Terms and Conditions for Ship Brokers and Ship Agents in Germany
General Terms and Conditions for Ship Brokers and Ship Agents in Germany These General Terms and Conditions apply for ARKON Shipping GmbH & Co. KG and ARKON Shipping & Projects GmbH & Co. KG Article 1
More informationTLIL5063A Review contracts, insurance, risk and liability in the international freight forwarding context
TLIL5063A Review contracts, insurance, risk and liability in the international freight forwarding context Release: 1 TLIL5063A Review contracts, insurance, risk and liability in the international freight
More informationHow To Pay Shipping Invoices On A Factoring Basis
NEWCOMB TRANSPORTATION AND LOGISTICS SHIPPER TERMS & CONDITIONS 1. APPLICABILITY These Terms & Conditions and agreed upon pricing documents apply to all broker services (the Services ) provided by Youbulk,
More informationInsurance Contracts Act No. 543 June 28, 1994 Effective from July 1, 1995
1 NB: Unofficial translation, legally binding only in Finnish and Swedish. Ministry of Justice, Finland Insurance Contracts Act No. 543 June 28, 1994 Effective from July 1, 1995 (amendments up to 426/2010
More informationIRAINHAM STEEL I. Company Registration No...
IRAINHAM STEEL I Rainham Steel Company Ltd, Kathryn House, Manor Way Rainham, Essex, RM13 8RE Tel' 01708522311 Fax' 01708 559024 CUSTOMER CREDIT ACCOUNT APPLICATION Full Business Trading Name Registered
More informationCustomer Interface Technology. ExpressShipper User Manual
Customer Interface Technology ExpressShipper User Manual Revision history Date Version Description Author July 15, 2011 1.2 Final version FW External 1 Table of contents 1. Introduction 3 1.1 General information
More informationNetwork Support Service Contract Terms & Conditions. Business Terms describes this agreement for the provision of support services to the client;
Network Support Service Contract Terms & Conditions 1. Definitions In these Terms and Conditions: Business Terms describes this agreement for the provision of support services to the client; Service Manager
More informationof 2 December 1985 (revised 1997)
STANDARD CONTRACT TERMS AND CONDITIONS FOR THE REPAIR OF SHIPS AND OFFSHORE VESSELS AT NORWEGIAN SHIPYARDS of 2 December 1985 (revised 1997) Prepared by the Norwegian Shipowners Association (Norges Rederiforbund)
More informationAPPENDIX V: INTERNATIONAL COMMERCIAL TERMS (INCO)
APPENDIX V: INTERNATIONAL COMMERCIAL TERMS (INCO) INCOTERMS (INternational COmmercial Terms) 2000, published by the International Chamber of Commerce (2000 pub 560), are the most commonly accepted terms
More informationPlease read this document carefully as the terms below apply to your Membership
Please read this document carefully as the terms below apply to your Membership In particular, please note the following: Where purchasing Membership on behalf of another person, you are deemed to have
More informationGeneral Terms and Conditions Regarding Accepting Ticket solutions for Meal and/or Sports and Cultural Services
General Terms and Conditions Regarding Accepting Ticket solutions for Meal and/or Sports and Cultural Services 1. Purpose and Scope 1.1 The General Terms and Conditions shall be applicable to a contractual
More informationTHESE FORMS ARE NOT A SUBSTITUTE FOR LEGAL ADVICE.
DISCLAIMER The forms provided on our site were drafted by lawyers with knowledge of equine and contractual matters. However, the forms are not State specific. THESE FORMS ARE NOT A SUBSTITUTE FOR LEGAL
More information