Common use of Claims Statement Clause in Contracts

Claims Statement. (a) In respect any amount which is due as payments for Imbalance Quantities under Clause 6.3, Ship or Pay under Clause 6.1.1(a)(iv), Liquidated Damages under Clause 7.2, liability for failure to meet Specification under Clause 7.7, or any indemnity claims under Clause 14 but which is not an invoiced amount pursuant to Clause 8.1, the Party to whom such amount is owed may serve on the other Party a written statement specifying the sums owed in satisfaction of the claim, including the details in support of such claim (the “Claims Statement”). Such sums which shall be the subject to this Clause 8.12 may include amounts due but which have not been invoiced under a CT Agreement.

Claims Statement. (a) In respect of any amount which is due as payments for Imbalance Quantities under Clause 6.3, clause 5.2 or Ship or Pay pay under Clause 6.1.1(a)(iv)clause 5.1.1, Liquidated Damages under Clause 7.2clause 6.2, liability for failure to meet Specification Specifications under Clause 7.7clause 6.6, or any indemnity claims under Clause 14 clause 13 but which is not an invoiced amount pursuant to Clause 8.1clause 7.1, the Party to whom such amount is owed may serve on the other Party a written statement specifying the sums owed in satisfaction of the claim, including the details in support of such claim (the “Claims Statement”). Such sums which shall be the subject to this Clause 8.12 clause may include amounts due but which have not been invoiced under a CT Agreementinvoiced.