Common use of Comingling of LNG and Regasified LNG Stream Clause in Contracts

Comingling of LNG and Regasified LNG Stream. (a) Subject to clause [10.10] of the Terminal Access Code, Terminal Operator shall have the right to comingle LNG received from Terminal User and store such LNG with LNG received from other Users and to treat and handle all LNG received from Terminal User and the other Users as Terminal Operator sees fit in exercising its discretion acting as a Reasonable and Prudent Operator and subject to the terms of this Agreement. (b) The Regasified LNG made available for redelivery by Terminal Operator to the Regasified LNG Delivery Point need not consist of the same molecules as unloaded by Terminal User and Terminal User shall have no right to receive Regasified LNG of the same quality as Terminal User’s LNG; provided, however, that Terminal Operator shall make available for delivery Regasified LNG that satisfies the specifications set out in the Terminal Access Code unless Terminal User or any other Users have delivered LNG to the Terminal that does not comply with the LNG specifications set out in the Terminal Access Code (in which case the provisions of clause [10.9.3] of the Terminal Access Code shall apply).

Appears in 3 contracts

Samples: LNG Terminal Use Agreement, LNG Terminal Use Agreement, LNG Terminal Use Agreement

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