Common use of Custody and Risk of Loss to LNG Clause in Contracts

Custody and Risk of Loss to LNG. 8.4.1 Custody and risk of loss of the User’s Inventory will pass from the User to the Operator at the LNG Receipt Point and will pass from the Operator to the User at the Gas Delivery Point. 8.4.2 In respect of the permanent loss of User’s Inventory that is attributable to acts or omissions of any Operator Party, excluding for the avoidance of doubt any Internal Use, the liability of the Operator to the User shall be limited to payment of an amount reflecting the market value of the User’s Inventory lost, calculated at the THE DA Price on the day of the loss, less any variable costs avoided by the User (including any delivery and transportation costs).

Custody and Risk of Loss to LNG. 8.4.1 Custody and risk of loss of the User’s Inventory will pass from the User to the Operator at the LNG Receipt Point and will pass from the Operator to the User at the Gas Delivery Point. 8.4.2 In respect of the permanent loss of User’s Inventory that is attributable to acts or omissions of any Operator Party, excluding for the avoidance of doubt any Internal Use, the liability of the Operator to the User shall be limited to payment of an amount reflecting the market value of the User’s Inventory lost, calculated at the THE DA Price on the day of the loss, less any variable costs avoided by the User (including any delivery and transportation costs).

Custody and Risk of Loss to LNG. ‌ 8.4.1 Custody and risk of loss of the User’s Inventory will pass from the User to the Operator at the LNG Receipt Point and will pass from the Operator to the User at the Gas Delivery Point. 8.4.2 In respect of the permanent loss of User’s Inventory that is attributable to acts or omissions of any Operator Party, excluding for the avoidance of doubt any Internal Use, the liability of the Operator to the User shall be limited to payment of an amount reflecting the market value of the User’s Inventory lost, calculated at the THE DA Price on the day of the loss, less any variable costs avoided by the User (including any delivery and transportation costs).