Terms and conditions
 
Nomination
  • All information regarding the delivery of the Products (i.e. vessel’s name, agents, E.T.A. proposed by the Buyer or otherwise agreed between Med Petroleum and the Buyer, delivery port, specifications and quantities of the Products, grade etc) will be notified by the Buyer to Med Petroleum in writing. Any amendment in the above will be notified in writing by the Buyer to Med Petroleum in due time prior to the delivery of the Products.
  • The Buyer shall inform in writing Med Petroleum directly or through the Buyer’s Agent, at least 48 hours prior (excluding weekends and holidays), of the vessel’s readiness to receive delivery and the exact required quantity of the Products. Such notice shall be deemed cancelled if the Vessel has not arrived within 2 days after the Vessel’s earliest estimated lifting date, as per the Nomination. In such a case, Med Petroleum reserves the right to refuse delivery of the Products, as already nominated or to renegotiate the prices/quantities.
  • If the Buyer cancels the Nomination for any reason whatsoever any charges incurred by Med Petroleum are for the Buyer’s account.
  • The Buyer shall indemnify and hold harmless Med Petroleum against all damage and liabilities arising from any acts or omissions of the Buyer or its servants, ship’s officers or crew in connection with the delivery of the fuel under this agreement.
  • Each sale of the Products shall be confirmed by the Confirmation which shall incorporate the Terms and Conditions by reference.
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