1.01
|
Introductory These terms
and conditions are the general, standard terms and conditions
under which Marítima Challaco S.R.L. of Céspedes 240,
8000 Bahía Blanca, Argentina and J.R.I Comercial S.R.L.
of Donado 2440, 8000 Bahía Blanca, Argentina as well as
Marítima Challaco S.R.L. and J.R.I. Comercial S.R.L of
Av. Belgrano 553, 4to. "O", 1092 Buenos Aires, Argentina
as the case may be (the Company) are prepared to enter
agreement (the Agreement) with another party (the Customer)
to supply to the Customer marine bunker fuels, and/or
lubricants and/or other products. These terms and conditions
may be referred to as "Marítima Challaco and JRI’s Terms
and Conditions 2002". Each Agreement will be as specifically
negotiated between the Company and the Customer as evidenced
by the Company’s "confirmation of stem" message (the Confirmation
message) and in the event of any conflict between these
terms and conditions and the terms of the Confirmation
message the terms of the latter shall prevail. |
2.00
|
Definitions
|
2.01
|
Agreement as defined
in Clause 1.01 |
2.02
|
Basic Cost The
basic cost of Product calculated by multiplying the Unit
Price by the quantity of Product delivered to the Vessel. |
2.03
|
Company includes in addition
to the Company itself, its servants, agents, assigns,
sub-contractors and any and all other persons acting under
the Company’s instructions in fulfilment, compliance or
observance of this Agreement unless the context otherwise
requires. |
2.04
|
Confirmation Telex/Fax
as defined in Clause 1.01 |
2.05
|
Customer The party so
described in the Confirmation Telex/Fax together with
any agent, principal, associate, manager, partner, servant,
parent, subsidiary, owner or shareholder thereof. |
2.06
|
Delivery as defined in
Clause 8.00 |
2.07
|
Due Date The date specified
in the Confirmation Telex/Fax for payment of the price
and any and all other fees, costs, charges and like items. |
2.08
|
Gender, Singular and Plural
Unless the context otherwise requires, all references
in the agreement to one gender shall be deemed to include
all others and references to the singular shall be deemed
to include the plural and vice versa. |
2.09
|
Physical Supplier The
person who physically supplies the Product to the Vessel
together with that person’s servants, agents, successors,
sub-contractors and assigns. The Physical Supplier may
be the Company or any other person. |
2.10
|
Place of Supply The port
or other readily identifiable geographical location specified
in the Confirmation Telex/Fax wherein or adjacent to which
is the Point of Delivery. |
2.11
|
Point of Delivery The
precise place at which Delivery is to be effected as provided
in the Confirmation Telex/Fax or as thereafter confirmed,
advised or revised by the Company or the Physical Supplier
being a berth, mooring, anchorage or other point within,
adjacent to or associated with the Place of Supply. |
2.12
|
Price as defined in Clause
11.00 |
2.13
|
Product The fuels, oils,
lubricants, goods, items, equipment and materials of whatever
type and description as specified in the Confirmation
Telex/Fax, the subject of the Agreement. |
2.14
|
Unit Price The rate of
cost in United States Dollars (or such other currency
specified in the Confirmation Telex/Fax) per metric tonne
(or such other unit of measurement specified in the Confirmation
Telex/Fax) of Product as specified in the Confirmation
Telex/Fax. |
2.15
|
Vessel The vessel, ship
or craft duly nominated to receive Product as specified
in the Confirmation Telex/Fax. |
2.16
|
Written, in Writing and Notice
Any requirement for written communication including the
giving of any notice must be fulfilled by the use of telex,
facsimile transmission, e-mail or any other medium which
produces a tangible result for the intended recipient.
The communication shall be deemed to have been given and
received upon completion of transmission for any electrical
or electronic medium and upon the expiry of the standard
or guaranteed time for delivery of the mailing service
used. |
3.01
|
HEADINGS The use of headings
and explanatory notes is for convenience and elucidation
only. They are not part of the Agreement. |
4.01
|
ENTIRETY AND VALIDITY
These terms and conditions together with the Confirmation
Telex/Fax constitute the entire Agreement. No derogation,
addition or amendment to the Agreement shall be of any
force or effect unless and until expressly confirmed in
writing by the Company. If any provision of the Agreement
shall to any extent be invalid or unenforceable the remainder
of the Agreement shall not be affected thereby. |
5.01
|
FORCE MAJEURE The Company
shall not be liable for any failure to fulfill any terms
or condition of the Agreement if fulfillment has been
delayed, hindered or prevented by any circumstances whatsoever
which are not within the immediate control of the Company
including but without limiting the generality of the foregoing,
any strike, lockout or labour dispute or reasonable apprehension
thereof, any governmental order, request or restriction,
any limitation, restriction or interruption to existing
or contemplated sources of supply of Product or the means
of supply thereof. |
6.00
|
AGENTS (BROKERS, SHIP AGENTS,
ET CETERA) |
6.01
|
Unless the party with whom the
Company is corresponding specifically declares to the
Company prior to dispatch by the Company of the confirmation
Telex/Fax that the party with whom the Company is corresponding
is not the Customer and at the same time provides to the
Company the full name and address of the Customer then
the party with whom the Company is corresponding shall
be deemed to be the Customer. |
6.02
|
Without prejudice to the provisions
of Clause 6.01 in the event that the party with whom the
Company is corresponding is an agent of the Customer then
the party with whom the Company is corresponding shall
be jointly and severably liable with the Customer to perform
the Customer’s obligations under the Agreement notwithstanding
that the party with whom the Company is corresponding
purports to contract as a mere agent. |
6.03
|
Commissions to brokers and/or
agents shall be paid after the Company has received the
full Price plus Further Cost(s) and/or financial charges
if such were the case. |
7.01
|
ASSIGNMENT The Customer
shall not assign its interest in the Agreement without
the prior written approval of the Company. The Company
may assign the Agreement and shall thereafter give notice
thereof to the Customer. |
8.00
|
DELIVERY |
8.01
|
Allocation If the Company
at any time and for any reason, believes that there may
be a shortage of Product at the Place of Supply it may
allocate its available and anticipated supply of Product
among its Customers in such a manner as it may in its
absolute discretion determine. |
8.02
|
Restrictions The Company
shall not be required to deliver Product into any of the
Vessel’s tanks or other places which are not regularly
used for storage of bunkers or lubricants or other products
as the case may be and shall not be required to deliver
any Product for the export of which a Government permit
is required and has not been obtained. |
8.03
|
Means of Delivery Delivery
shall be effected in one or more consignments at the Point
of Delivery by such means as the Company shall deem appropriate
in the circumstances. The Customer shall at its own expense
provide a clear and safe berth for the barge(s) and/or
wagons alongside the Vessel’s receiving lines and shall
provide all necessary facilities and assistance required
to effect delivery. |
8.04
|
Barging In the event
of delivery by barge, the Customer agrees to pay and indemnify
the Company against all claims and expenses in respect
of any loss, damage or delay caused by the Vessel to any
barge and/or its equipment. |
8.05
|
Connection The Customer
shall make connections between the pipelines or delivery
hoses and the Vessel’s intake line and shall render all
other necessary assistance and provide sufficient tankage
and equipment to receive promptly each and every consignment
of the Delivery. The Customer is responsible for ensuring
that Product is delivered at a safe rate and pressure
and that all equipment utilised therefor is in a safe
and satisfactory condition. |
8.06
|
Title Delivery shall
be deemed complete when the oil has passed the flange
connecting the Physical Supplier’s delivery facilities
with the receiving facilities provided by the Customer.
However, ownership of the Products shall pass to the Customer
only after the Price has been received by the Company
as provided in Clause 12.01. Until such time as the Price
is received by the Company the person in possession of
the product delivered shall hold the Product for the Company
as a mere bailee. |
8.07
|
Risk The Company’s responsibility
for Product shall cease and the Customer shall assume
all risks and liabilities relating thereto, including
loss, damage, deterioration, depreciation, contamination,
evaporation or shrinkage of Product and responsibility
for loss, damage and harm caused by pollution or in any
other manner to third parties at the time the Product
leaves the Physical Supplier’s fixed depot or wharf facilities.
The Customer agrees to indemnify without limit the Company
in respect of any liability, claim or demand for which
the Customer is liable. |
8.08
|
Measurement The quantity
of Product delivered hereunder shall be determined at
the Physical Supplier’s option by one of such generally
recognised methods of measurement as is appropriate in
the circumstances. |
8.09
|
Specification The Product
to be delivered shall be as specified in the Confirmation
message and other than as more precisely specified therein
shall be of the Company’s commercial grades of Product
as currently offered generally to its Customers at the
time and Point of Delivery for marine bunkering or lubrication
purposes. No other guarantees or warranties, express or
implied as to quality, merchantability, fitness or suitability
for any purpose, are given or form part of the Agreement. |
8.10
|
Compatibility and Segregation
Responsibility for establishing compatibility of Product
delivered with any other product or products and for segregating
or co-mingling the same rests solely with the Customer. |
8.11
|
Substitution The Company
may discharge its obligation to deliver Product as specified
in the Confirmation Telex/Fax by supplying in substitution
therefor product of a different grade and/or brand name
provided always that such substitute product is of an
equivalent or superior specification to that specified
in the Confirmation Telex/Fax. |
8.12
|
Availability Subject
to the availability of Product, the availability of the
facilities at the Place of Supply and Point of Delivery
and the customary priority of tankers, and to the Customer
giving notice in accordance with Clause 8.15, the
Company will use its best endeavours to ensure that Product
is delivered promptly upon the Vessel’s arrival but the
Company shall not be responsible for any loss, expense,
damage or increased costs incurred in consequence of the
Vessel not being supplied promptly or otherwise being
delayed or restrained for any reason whatsoever. |
8.13
|
Time The Customer is
responsible for ensuring that Vessel is ready to receive
Product at the Point of Delivery on the expiry of the
notice given in accordance with Clause 8.15. |
8.14
|
Delay In the event that
the Vessel’s arrival at the Point of Delivery is delayed
or likely to be delayed the Customer must so advise the
Company. The Customer should also ensure that the Vessel’s
agent at the Place of Supply is similarly informed and
that the agent advises the Physical Supplier accordingly.
At the Customer’s request the Company will use its best
endeavours to supply a delayed Vessel on the terms originally
agreed but reserves the right to pass on the Customer
all additional costs including increased Basic Costs arising
from the Vessel’s delayed arrival. |
8.14.1
|
The Company shall not be liable
for any demurrage or loss incurred by the customer or
the vessel caused directly or indirectly by delays due
to or resulting from weather, whether unusual or not,
local congestion at the Point of Delivery affecting the
Company’s delivery equipment, local congestion at loading
facilities, the prior commitment, non-availability and/or
malfunction of delivery equipment or any event of force
majeure. |
8.14.2
|
The Customer shall be liable
for demurrage at the rates established by the Company
and for the losses incurred by the company as a result
of any delay caused directly or indirectly by the Customer
or the vessel in the use of delivery equipment. |
8.15
|
Notice and Other Delivery
Requirements The Customer must give not less than
48 hours notice (excluding Sabbaths, holidays and other
non-working days at the Place of Supply) of the Vessel’s
readiness to receive Product to the Company and to the
Physical Supplier. Notice must be given during the Company’s
normal business hours (Monday to Friday inclusive, 08.00
- 17.00 Buenos Aires/Bahía Blanca time). Notice given
outside these hours will be deemed to have been given
at 08.00 on the first business day thereafter. Furthermore
it is in all circumstances and on all occasions the responsibility
and duty of the Customer to ascertain and where appropriate
to comply with: |
|
1. the precise requirements
of the Physical Supplier and any other person, body or
authority in respected of giving of notice of the Vessel’s
time of arrival at the Point of Delivery, |
|
2. the exact location of the
Point of Delivery, |
|
3. any particular requirements
to enable Delivery to be effected as efficaciously as
possible, |
|
The Customer is advised to instruct
its agent at the Place of Supply to liaise with the Physical
Supplier so as to ensure compliance with these provisions. |
8.16
|
Information In response
to a specific request for information from the Customer
in respect of the Point of Delivery the Company will use
its best endeavours to obtain or provide the information
requested. Whilst every care will be taken to ensure that
such information is accurate and up-to date it is furnished
on the strict understanding that it is not a contractual
representation and that no responsibility whatsoever will
attach to the Company for its accuracy and veracity. |
8.17
|
Environmental Protection
Without prejudice to Clause 8.07 the Company may at any
time without notice take any steps which it considers
necessary to protect the environment from damage arising
from spillage or transport of Product. Any action so taken
shall be on behalf of and at the expense of the Customer. |
9.01
|
CANCELLATION AND BREACH
In the event of the Customer at any time cancelling a
request for Product or the Vessel failing to take delivery
of part or all of the requested Product the Company shall
have the right to pursue a claim against both the Customer
and the Vessel for all loss and damage thereby suffered
including loss of profit. The Company may treat any other
breach by the Customer of any express term of the Agreement
as a breach of a condition and it may at its discretion
thereupon accept the breach, treat the Agreement as repudiated
and seek such remedies as it considers appropriate. So
however that the provisions of Clauses 15.01, 16.01 and
17.01 shall survive the determination of the Agreement
in any event. |
10.01
|
LIENS Where Product is
supplied to a vessel, in addition to any other security,
the Agreement is entered into and Product is supplied
upon the faith and credit of the Vessel. It is agreed
and acknowledged that a lien over the Vessel is thereby
created for the Price of Product supplied and that the
Company in agreeing to Deliver Product to the Vessel does
so relying upon the faith and credit of the Vessel. The
Customer if not the owner of the Vessel hereby expressly
warrants that he has authority of the owner to pledge
the Vessel’s credit as aforesaid and that he has given
notice of the provisions of this Clause to the owner.
The Company shall not be bound by any attempt by any person
to restrict, limit or prohibit its lien or liens attaching
to a Vessel unless notice in writing of the same is given
to the Company before it sends its Confirmation Telex/Fax
to the Customer. |
11.00
|
THE PRICE |
11.01
|
Unit Price Where in the
Confirmation Telex/Fax/e-mail the Unit Price is stated
to be not subject to variation the Unit Price will, subject
to Clause 8.14, not be varied. In all other cases having
agreed the Unit Price of the product the Company will
endeavour to refrain from making any increase. However,
the cost of marine bunkering products is volatile and
the Company therefore reserves the right to increase the
Unit Price at any time before delivery. Notice of the
increase will be given during the Company’s normal business
hours (Monday to Friday inclusive, 08.00 - 17.00 Buenos
Aires / Bahía Blanca time as the case may be). Notice
given outside these hours will be deemed to have been
given at 08.00 on the first business day thereafter. In
such event the Customer may forthwith give written notice
to the Company of cancellation of the Agreement. If no
such notice is received within one hour of the Company
advising the Customer of the increase of the Unit Cost
the Customer shall be deemed to have agreed to the revised
Unit Price and the Agreement so revised shall remain in
full force and effect. |
11.02
|
Further Costs In addition
to the Basic Cost of the Product the Customer agrees to
pay for any charges raised in respect of taxes, freight,
barge vehicle, wagon or clean up costs including overtime
or other like payments; insurance; pilotage; port dues
and any and all other like costs and expenses incurred
by or charged to the Company. Such charges, costs and
expenses will be passed on to the Customer at the rates
charged to the Company as and when they are advised to
the Company and together with the Basic cost shall for
all purposes constitute the price due from the Customer
to the Company for the Product supplied. |
11.03
|
Notice of the Price The
company will give notice of the Price to the Customer
as soon as reasonably practicable after Delivery. In certain
circumstances the Company will give notice of the price
in instalments. Notice of the Price may at the company’s
option be provided by invoice and sent by post or telex
or facsimile transmission or as otherwise provided herein
or as specified in the confirmation message. The Price
of each item so notified - whether the full price or an
instalment - shall when due constitute an enforceable
debt due from the Customer to the Company. |
11.04
|
Proof of Delivery The
Customer or this representative should attend Delivery
and obtain at that time all outstanding information relating
to Delivery including the exact quantities and precise
specification of Product delivered. Unless otherwise requested
by the Customer prior to dispatch by the Company of the
Confirmation Telex/Fax the Company shall be under no obligation
at any time to produce to the Customer any evidence of
Delivery to the Vessel. It is expressly agreed that the
furnishing by the Company of proof of Delivery is not
a pre-requisite to payment of the Price. |
12.01
|
PAYMENT In most cases
special payment terms will have been agreed and will be
set out in the Confirmation Telex/Fax. |
|
Each of the following terms
apply unless the Confirmation Telex/Fax otherwise provides: |
|
1. Payment of the Price will
be made in United States dollars to the bank and account
specified in the Confirmation Telex/Fax in full without
deduction for any reason whatsoever so as to ensure that
the Company receives value for the payment in cleared
funds on or before the Due Date. |
|
2. The Due Date is as provided
in the Confirmation Telex/Fax or in default the date of
Delivery. |
|
3. Timely payment is of the
essence of the Agreement. |
|
4. Late payment will attract
a financial charge of 1.5% per calendar month on the outstanding
sum calculated on a daily basis from the Due Date until
receipt by the Company of sufficient cleared funds. Accrued
financial charges will be added to and become part of
the outstanding sum at monthly intervals. In the event
that the contractually agreed rate of financial charge
specified in the Agreement is in excess of that permitted
by relevant law there shall be substituted the maximum
rate so permitted. |
|
5. Payment will be made by way
of telegraphic, telex, swift or rapid electronic transfer
to the bank and account specified in the Confirmation
Telex/Fax. All bank and other charges, if any, incurred
in effecting remittance will be for the account of the
Customer. Advice of remittance including identifying references
should always be given to the Company. |
|
6. Payments received by the
Company from or on behalf of the Customer notwithstanding
any specific request to the contrary will be applied in
the following order in diminution or extinction of: |
|
|
a. accrued financial and other
charges in respect of transactions for which the principal
sum has been previously paid, |
|
|
b. accrued financial and other
charges arising from all other transactions, |
|
|
c. any principal sum or sums
due and outstanding commencing with the oldest and proceeding
chronologically thereafter to the most recent, |
|
|
d. any principal sum which the
Company knows or reasonably expects will fall due at a
future date. |
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7. The Company may in good faith
vary, amend, withdraw, substitute or add to the terms
relating to payments at any time in the course of a transaction
in such manner as it shall in its absolute discretion
consider necessary to protect its interests. |
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8. If at any time the reputation,
standing, creditworthiness, liquidity or solvency of the
Customer or any subsidiary, parent, associate or affiliate
thereof should give the Company reasonable cause for concern,
the Company may without prejudice to all other right and
remedies which it may have, give notice to the Customer
that credit facilities from the Company to the Customer
are withdrawn or suspended as the case may be and all
sums outstanding shall thereupon fall due for immediate
payment. |
|
9. In the event that the Customer
or any subsidiary or parent thereof shall commit an act
of bankruptcy or shall be the subject of proceedings judicial
or otherwise commenced for debt, bankruptcy, insolvency,
liquidation or winding up the Company may forthwith determine
the Agreement. |
|
10. The full legal other costs
and expenses incurred by the Company including those of
the Company’s own legal department and of other lawyers
in connection with any breach by the Customer of any term
of the Agreement including but not limited to actions
for debt shall be for the Customer’s account and shall
for all purposes form part of the Price due from the Customer
to the Company for Product supplied. |
13.00
|
CLAIMS, DISPUTES AND PRECAUTIONS
|
13.01
|
Time Limits Because the
Company is frequently placed under strict time limits
by its suppliers for the presentation of claims it is
necessary that it too must impose rigid time limits on
receiving notice of claims from its Customers. In consequence
of the Company’s strict time-limits, Customers should
ensure that they maintain their own equally strict internal
checking and reporting procedures. It must be clearly
understood that the Company will not relax its time-limits
in any circumstances. |
13.02
|
Notification Written
notice of any claim or potential claim must be given to
the Company within the time limit specified. It is the
Customer’s responsibility to ensure that notice is received
by the Company whose confirmation of receipt should always
be sought. Regardless of whether a claim or dispute has
arisen or is anticipated the Customer must always give
prompt notice to the Company of any discrepancy, error
or omission present in any form or document tendered,
submitted or produced by the Physical Supplier and of
any unusual occurrence relating to the Delivery. |
13.03
|
Sufficiency of Information
To enable the Company to investigate and pursue a claim
the notice must give sufficient information for the Company
to be able to identify the relevant transaction, the nature
of the complaint and the loss or damage alleged. Any notice
which does not give such sufficient information will not
be valid. For the same reasons the Customer must provide
a full and complete response to any and all questions,
enquiries and requests made of it by the Company concerning
the claim and matters relating thereto. |
13.04
|
Categories Claims fall
into three categories: |
|
1. Quantity claims and disputes |
|
2. Quality claims and disputes |
|
3. Other claims and disputes |
1.01
|
Quantity Claims and Disputes
These are the most easily avoided by ensuring high standards
of checking before, during and after Delivery by an Officer
of the Vessel’s crew or other senior representative of
the Customer. |
1.02
|
For bulk deliveries delivery
barges, wagons or vehicles must be checked by tank-dipping
to measure the contents and ensure full out-turn. Flow
meters must be checked for seals, correct settings and
calibration and general condition. All of these checks
must be carried out before and after delivery of each
consignment and each barge, wagon or vehicle tank load.
The Delivery must be supervised at all times and care
must be taken in ensuring that all documentation is complete
and accurate before signing and stamping. Any discrepancies
must be recorded on the Physical Supplier’s delivery receipt.
Unless these procedures are followed it is nearly always
impossible for a claim to be substantiated. The Company
regrets therefore that it will be obliged to reject claims
for short delivery where these receiving procedures are
not followed. Whenever Customs officers are involved in
assessing actual quantities supplied, Customs figures
shall be used for settling any claim or dispute. |
1.03
|
The Company will not accept
a claim for short delivery based upon figures obtained
by measuring Product in the Vessel’s tanks. |
1.04
|
The time limit for receipt by
the Company of notice of a quantity dispute is 7 (seven)
days from the date of delivery or such shorter period
as specified in the Confirmation Telex/Fax. |
2.01
|
Quality Claims and Disputes
It is the Customer’s responsibility to ensure that the
products tendered for Delivery are those which are required
by the Vessel and are delivered into the correct tanks. |
2.02
|
Two representative samples of
every consignment and load of the Delivery must be taken
as Delivery proceeds. The samples must be signed and sealed
by a representative of the Physical Supplier and by an
officer of the Vessel or other senior representative of
the Customer. One set of samples must be retained by the
Customer, the other by the Physical Supplier. |
2.03
|
As with quantity claims it is
important to check that all documentation is in order
and to note discrepancies on the Physical Supplier’s delivery
receipt before signing and stamping. |
2.04
|
In the event of the Customer
having grounds to believe that the Product supplied does
not accord with the relevant description in the Confirmation
Telex/Fax or is defective the Customer shall immediately: |
|
a. take all reasonable steps
to mitigate the consequences of having been supplied with
possibly defective or incorrect Product, |
|
b. give notice with full details
of the possible defective or incorrect Product to the
Company together with the Vessel’s position, destination
and ETA; the quantities and locations of all bunkers on
board the vessel, the rate and quantity of consumption
since Delivery and the location immediately prior to consumption
of bunkers consumed; for each of the three preceding deliveries
to the vessel, the quantity and specification of Product
supplied, the place and date of supply and the name of
the supplier; |
|
c. inform the Company of the
whereabouts of the Customer’s set of samples. |
2.05
|
It is a pre-condition of the
Company being prepared to consider any quality claim that
at the time notice is given, the Customer has retained
its complete set of sealed samples and is prepared to
have them analysed by a reputable independent testing
laboratory, approved by the Company, in accordance with
established procedures in the presence of a representative
of the Company. In the event that the Customer is unable
or unwilling to produce its samples for analysis within
28 (twenty-eight) days of a request from the Company so
to do the Company may proceed to have the physical Supplier’s
samples analysed and the results of such analysis shall
be binding upon the parties hereto. |
2.06
|
If it is alleged that any equipment
or machinery has been damaged by defective Product full
details must be given to the Company at the earliest opportunity
and the item must be presented and made available for
inspection on demand at any reasonable time or times to
the Company or its representative. |
2.07
|
The time limit for receipt be
the Company of notice of a quality claim is 7 (seven)
days from the date of Delivery or such shorter period
as is specified in the Confirmation Telex/Fax. |
3.01
|
Other Claims and Disputes
Notice of all other claims, specifically excluding any
and all claims relating to or associated with those relating
to matters of quantity or quality which are subject to
the time limits set out in sub-clauses 13.04.1 and 13.04.2
above, should be given to the Company as soon as reasonably
possible and in any event no later than 28 (twenty-eight)
days after Delivery. If the Confirmation Telex/Fax provides
for a shorter period such shorter period shall apply. |
4.01
|
Summary of Time Limits |
|
Quantity claims and disputes
7 days |
|
Quality claims and disputes
7 days |
|
Other claims and disputes 28
days |
|
All subject to the provision
of shorter time limits in the Confirmation Telex/Fax. |
14.01
|
WAIVER The failure by
any party to the Agreement to enforce any right against
any other party shall not be construed as a waiver of
that right or in way affect the validity of the Agreement.
In particular, the granting by the Company of any additional
time to make payment or the waiving or reducing of any
financial or other charges shall not prevent the Company
at any time thereafter from relying upon its strict contractual
rights. |
15.01
|
INDEMNITY The Customer
hereby indemnifies the Company in respect of all damage
or injury occurring to any person or to any property and
against all actions, suits, claims, demands, costs, charges
or expenses arising in connection therewith to the extent
that the same shall have been occasioned by the negligence
or default of the Customer, his servants or agents or
any third party in the course of performance of or arising
out of the Agreement. |
16.01
|
LIABILITY To the extent
permitted by Law the Company shall not be liable to the
Customer for any loss or damage including loss of profit
or any other consequential loss whatsoever arising from
any cause whatsoever whether in contract, tort or otherwise
including the negligence of the Company, its servants,
agents or sub-contractors. |
17.01
|
COMPENSATION Notwithstanding
the foregoing, in the event that the Company is found
to be liable to the Customer, the total amount payable
by way of compensation other than in respect of personal
injury or death shall not exceed the price charged to
the Customer for Product supplied under the Agreement.
It is a pre-condition to the payment of any compensation
by the Company that all sums standing due to the Company
from the Customer are first paid and settled. |
18.01
|
INSURANCE The Customer
is responsible for effecting and maintaining in force
adequate insurance which will fully protect the Customer,
the Company and all third parties from all risks, hazards
and perils associated with or arising from the Agreement
and Delivery. |
19.01
|
LICENCES, PERMITS AND APPROVALS
The Customer is responsible for obtaining all necessary
permits, licences and approvals required to enable both
parties to execute all of their obligations under the
Agreement. |
20.01
|
ENVIRONMENTAL PROTECTION
Buyer represents and warrants that the vessel is properly
equipped, maintained and operated so as to avoid the escape,
spillage, or discharge of oil (a “spill”) at the time
of all deliveries of marine fuel hereunder. If a spill
does occur while marine fuel is being delivered by the
Company to the Customer and the vessel, then the Customer
shall promptly take such action as is necessary to remove
the oil and mitigate the effects of such spill. However,
notwithstanding the cause of such spill, the Company is
hereby authorised, at its option, to take such measures
and incur such expenses (whether by employing its own
resources or by contracting with others) as are reasonably
necessary to remove the oil and mitigate the effects of
such spill, the Customer agrees to cooperate and render
such assistance as is reasonably required by the Company.
Any expenses, damages, costs, fines and penalties arising
from a spill or any pollution caused thereby shall be
paid by the party that caused such spill by a negligent
act or omission. If both parties have acted negligently,
then expenses, etc. shall be divided between the parties
in accordance with the respective degrees of negligence.
The Customer shall give the Company all documents and
other information concerning any spill, or any program
for the prevention thereof, that is reasonably required
by the company, or required by law or regulation applicable
at the Delivery Location on the Delivery Date. |
21.01
|
JURISDICTION The Agreement
is subject to the Law and jurisdiction of the courts of
the Argentine Republic. So however that nothing in this
clause shall, in the event of a breach of the Agreement
by the Customer, preclude the Company from taking any
such action or actions as it shall in its absolute discretion
consider necessary to enforce, safeguard or secure its
rights under the Agreement in any court or tribunal or
any state or country. |