Common use of Excess Boil-Off Clause in Contracts

Excess Boil-Off. If an LNG Vessel is delayed in berthing at the Sabine Pass Facility and/or commencement of unloading due to an event occurring at the Sabine Pass Facility and for a reason that would not result in an extension of Allotted Unloading Time under Section 8.7(a), and if, as a result thereof, the commencement of unloading is delayed beyond twenty-four (24) hours after the Notice of Readiness is effective, then, for each full hour by which commencement of unloading is delayed beyond such twenty-four (24) hour period, SABINE shall pay Customer as liquidated damages an amount, on account of excess boil-off, equal to the Xxxxx Hub Price multiplied by the quantity in MMBTUs equal to 0.0052% of the Cargo. Customer shall invoice SABINE for such excess boil-off pursuant to Section 11.2.

Appears in 2 contracts

Samples: LNG Terminal Use Agreement (Cheniere Energy Inc), LNG Terminal Use Agreement (Cheniere Energy Inc)

AutoNDA by SimpleDocs

Excess Boil-Off. If an LNG Vessel is delayed in berthing at the Sabine Pass Freeport Facility and/or in commencement of unloading due to an event occurring at the Sabine Pass Freeport Facility and for a reason that would not result in an extension of Allotted Unloading Time under Section 8.7(a9.7(a), and if, as a result thereof, the commencement of unloading is delayed beyond twenty-four (24) hours after the Notice of Readiness is effective, then, for each full hour by which commencement of unloading is delayed beyond such twenty-four (24) hour period, SABINE FLNG shall pay Customer as liquidated damages an amount, on account of excess boil-off, equal to the Xxxxx Hub Price multiplied by the quantity in MMBTUs equal to 0.00520.125% of the CargoCargo per day. Customer shall invoice SABINE FLNG for such excess boil-off pursuant to Section 11.212.2.

Appears in 1 contract

Samples: LNG Terminal Use Agreement (Cheniere Energy Inc)

AutoNDA by SimpleDocs

Excess Boil-Off. If an LNG Vessel is delayed in berthing at the Sabine Pass Freeport Facility and/or commencement of unloading due to an event occurring at the Sabine Pass Freeport Facility and for a reason that would not result in an extension of Allotted Unloading Time under Section 8.7(a9.7(a), and if, as a result thereof, the commencement of unloading is delayed beyond twenty-four (24) hours after the Notice of Readiness is effective, then, for each full hour by which commencement of unloading is delayed beyond such twenty-four (24) hour period, SABINE FLNG shall pay Customer as liquidated damages an amount, on account of excess boil-off, equal to the product of the Xxxxx Hub Price multiplied by the quantity in MMBTUs equal to 0.00520.125% of the CargoCargo per day. Customer shall invoice SABINE FLNG for such excess boil-off pursuant to Section 11.212.2.

Appears in 1 contract

Samples: Omnibus Agreement (Cheniere Energy Inc)

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