Demurrage – Boil-Off Sample Clauses

Demurrage – Boil-Off. (a) In the event Terminal Operator causes the Actual Laytime to exceed the Allowed Laytime in loading an LNG Ship, Terminal Operator shall pay, subject to GC 11.1.4 and GC 11.2.1, Shipper the Demurrage Rate (pro-rated for any portion of a Day). In the event Shipper causes the Actual Laytime to exceed the Allowed Laytime, Shipper shall pay, subject to GC 11.1.4 and GC 11.2.2, demurrage actually incurred by Terminal Operator for the next LNG Ship due to berth at the LNG Terminal at the Demurrage Rate (pro-rated for any portion of a Day). In the event both Terminal Operator and Shipper are partly responsible for causing the Actual Laytime to exceed the Allowed Laytime in loading an LNG Ship, each Party shall pay the Demurrage Rate pro rata its portion of responsibility. If during a queuing event, as described in section 3.2 of the LNG Access Code, Terminal Operator causes a delay which results in the Actual Laytime to exceed the Allowed Laytime for an LNG Ship on the berth, then Terminal Operator shall pay the Demurrage Rate (pro-rated for any portion of a Day) for the delay to such LNG Ship and the delay to the next LNG Ship in the queue. If there is no LNG Ship on the berth, and Terminal Operator causes a delay to the first LNG Ship in the queue, Terminal Operator shall, for the delay, pay, subject to GC 11.1.4 and GC 11.2.1, to the Shipper of that LNG Ship the Demurrage Rate (pro-rated for any portion of a Day). (b) If an LNG Ship is delayed in berthing and/or commencement of loading or unloading for reasons that would not result in an extension of the Allowed Laytime under the LNG Access Code, and if, as a result thereof, the commencement of loading is delayed, Terminal Operator shall, subject to GC 11.1.4 and GC 11.2.1, pay to Shipper an amount, on account of excess boil-off for such delay, equal to the Zig Day-Ahead for the Day in question multiplied by the energy equivalent of five decimal five (5.5) m³ LNG for each hour or part thereof from thirty (30) hours after giving Notice of Readiness until the commencement of unloading. The energy equivalent shall be based on the GHV of the LNG loaded onto the applicable LNG Ship.
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Related to Demurrage – Boil-Off

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