Delivery Slot Meaning

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When a Party has failed to perform, the Clearing House shall issue a Notice of Assessment assessing fines of 10% of the Contract Value, but not less than US$5,000 per Delivery Lot, in addition to any fines assessed pursuant to Section 8.6, to be paid to the Clearing House.

  1. Delivery Slot Meaning Dictionary

A1.2 INSPECTION, WEIGHING, SAMPLING AND TESTING (1) In the course of delivery, each Delivery Lot, shall be inspected, weighed and sampled by the Buying Member’s and Selling Member’s representatives.

Notwithstanding any provision otherwise in these SICOM TSR 20 Rubber Contract Specifications, a Seller and Buyer who have been matched through their respective Selling Member and Buying Member pursuant to Section 6.7 may agree to make and take delivery of any Delivery Lot under terms and conditions which differ from the terms and conditions prescribed by these SICOM TSR 20 Rubber Contract Specifications.

Meaning

For disputes relating to weight, the Sampler shall furnish a certificate on the weight of the Delivery Lot.

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Delivery Slot Meaning Dictionary

Each Delivery Lot shall be composed of 16 Units of TSR 20 Rubber, and each Unit in turn shall be composed of 36 bales of TSR 20 Rubber, each bale weighing 35 kilograms within standard rubber industry tolerance.