Common use of Cool-down Clause in Contracts

Cool-down. Charterer shall provide without charge LNG required for purging and cooling at delivery of the Vessel, on arrival at the loading port after regularly scheduled dry-docking or after a lay-up ordered by Charterer pursuant to Article 10. If, upon such arrival in any other circumstances, the Vessel is not in ready-to-load condition in accordance with section 28(a), the extra time and the LNG used to cool the Vessel’s cargo tanks to be in such ready-to-load condition shall be for Owner’s account (such LNG to be provided by Charterer to Owner but accounted for by Owner at the FOB price for the LNG utilized to meet the cool down requirement) unless:

Appears in 4 contracts

Samples: Technology License Agreement (Exmar Energy Partners LP), LNG Vessel Time Charter Party (Exmar Energy Partners LP), Exmar Energy Partners LP

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!