Diverted Cargo Sample Clauses

Diverted Cargo. In respect of each Diverted Cargo, the Transporter shall pay Project Co an amount equal to the FOB CSP multiplied by Loaded Volume (as each is defined in Clause 11.1.2) (the “Amount Payable”), in accordance with the provisions of Clause 12. Where the Transporter has paid the Prepayment Amount, such amount paid shall be subsequently reconciled against the Amount Payable, as follows: (A) where the Prepayment Amount exceeds the Amount Payable, the difference shall be reimbursed by Project Co to the Transporter; or (B) the Prepayment Amount is less than the Amount Payable, the difference shall be payable by the Transporter to Project Co, in either case in accordance with Clause 12. No interest shall be payable on the amount which is the difference between the Prepayment Amount and the Amount Payable. The foregoing shall not prejudice a Party’s right to interest with respect to the late payment of any amount due hereunder. Further, any prepayment from the Transporter shall immediately be repaid to the Transporter by Project Co if the Diverted Cargo is not made available by Project Co to the Transporter in accordance with the terms of this Agreement.
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Diverted Cargo. In respect of each Diverted Cargo, the Transporter shall pay Project Co either: 2.1.1 an amount equal to the FOB CSP multiplied by Loaded Volume (as each is defined in Clause 11.1.2) (the “Amount Payable”), in accordance with the provisions of Clause
Sample 1
Diverted Cargo. In respect of each Diverted Cargo, the Transporter shall pay Project Co either: 2.1.1 an amount equal to the FOB CSP multiplied by Loaded Volume (as each is defined in Clause 11.1.2) (the “Amount Payable”), in accordance with the provisions of Clause 12. Where the Transporter has paid the Diversion Payment Amount, such amount paid shall be subsequently reconciled against the Amount Payable, as follows: (A) where the Diversion Payment Amount exceeds the Amount Payable, the difference shall be reimbursed by Project Co to the Transporter; or (B) the Diversion Payment Amount is less than the Amount Payable, the difference shall be payable by the Transporter to Project Co, in either case in accordance with Clause 12. No interest shall be payable on the amount which is the difference between the Diversion Payment Amount and the Amount Payable. The foregoing shall not prejudice a Party’s right to interest with respect to the late payment of any amount due hereunder. Further, any payment from the Transporter shall immediately be repaid to the Transporter by Project Co if the Diverted Cargo is not made available by Project Co to the Transporter in accordance with the terms of this Agreement; or 2.1.2 if Transporter has cancelled the Diverted Cargo pursuant to Paragraph 1.4 of Part A of Schedule 2, an amount equal to the FLF multiplied by the FOB SCQ of such cancelled Diverted Cargo, in accordance with the provisions of Clause 12.
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Related to Diverted Cargo

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