Description

Commodity:        Is referred to as being “Fuel Oil M***0/*5 GOST ****5**5” elsewhere in this Agreement also referred to as “product or M***0/*9”, which specification is detailed in the Annex “1” which is an integral part of this Agreement.

Days:                    Means a calendar day, unless differently specified.

Month:                  Means Gregorian calendar months.

Calendar Quarter: Period of three (3) consecutive months commencing on this 2nd, May ***2

ASTM:           American Society for Testing and Materials, is the institute, internationally recognized, that approves all standards, tests and procedures used in Oil Industry and to be referred in this Agreement to the latest revised Edition with amendments in force to date.

Bill Of Lading:  Is the official document, issued at the load port after completion of the loading  operations, stating the ship’s loaded quantity, expressed in Cubic Meters (Cubic Meters) and in Metric Ton (MT) expressed as per above definitions. This document has to be signed in original by the ship’s Master and made out in accordance with the instruction hereinafter specified in this agreement.

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