Common use of Boil-Off Clause in Contracts

Boil-Off. 5.6.1 When in Storage Condition and subject to: (a) no Off-Specification LNG having been supplied by or on behalf of the User; and (b) the tanks of the last LNG Vessel that delivered LNG to the FSRU being an equilibrium temperature condition corresponding to not more than one hundred and ten (110) millibar (the “LNG Temperature Requirement”) gauge immediately prior to the applicable loading operation, the FSRU shall not exceed the Boil Off Allowance, provided that if the LNG Temperature Requirement is not met and, as a result, the Operator instructs the FSRU Owner to condition the LNG stored onboard the FSRU to meet the LNG Temperature Requirement, then the Boil Off Allowance shall only apply from the point in time when the LNG stored onboard the FSRU has been conditioned and meets the LNG Temperature Requirement. 5.6.2 Based on an annual reconciliation, if the FSRU exceeds the Boil Off Allowance when it is required not to exceed the Boil Off Allowance pursuant to Clause 5.6.1, the Operator shall pay to the User its Pro Rata Share (calculated in respect of any Unloading and Regasification Slot allocated to the User during the relevant year) of any amounts received by the Operator from the FSRU Owner in respect of Boil Off on the FSRU that exceeds the Boil Off Allowance. The Operator shall provide the User with such information as the User reasonably requests to verify the amount of such payment, including the quantity of Boil Off.

Boil-Off. 5.6.1 5.7.1 When in Storage Condition and subject to: (a) no Off-Specification LNG having been supplied by or on behalf of the User; and (b) the tanks of the last LNG Vessel that delivered LNG to the FSRU being an equilibrium temperature condition corresponding to not more than one hundred and ten (110) millibar (the “LNG Temperature Requirement”) gauge immediately prior to the applicable loading operation, the FSRU shall not exceed the Boil Off Allowance, provided that if the LNG Temperature Requirement is not met and, as a result, the Operator instructs the FSRU Owner to condition the LNG stored onboard the FSRU to meet the LNG Temperature Requirement, then the Boil Off Allowance shall only apply from the point in time when the LNG stored onboard the FSRU has been conditioned and meets the LNG Temperature Requirement. 5.6.2 5.7.2 Based on an annual reconciliation, if the FSRU exceeds the Boil Off Allowance when it is required not to exceed the Boil Off Allowance pursuant to Clause 5.6.15.7.1, the Operator shall pay to the User its Pro Rata Share (calculated in respect of any Unloading and Regasification Slot allocated to the User during the relevant year) of any amounts received by the Operator from the FSRU Owner in respect of Boil Off on the FSRU that exceeds the Boil Off Allowance. The Operator shall provide the User with such information as the User reasonably requests to verify the amount of such payment, including the quantity of Boil Off.