Common use of MOVING DAY RATE Clause in Contracts

MOVING DAY RATE. Applicable for jack up rigs Except where otherwise provided for in this Agreement, Contractor shall be compensated at the Moving Day Rate of ( ) during the time the Drilling Unit is in actual movement between locations, beginning when the Drilling Unit has actually started moving from previous location and ending when the Drilling unit is positioned over the next Well location. Applicable for floaters Except where otherwise provided for in this Agreement, Contractor shall be compensated at the Moving Day Rate of ( ) during the time the Drilling Unit is in actual movement between locations, beginning from the start of de-anchoring operations at any location ending when the Drilling unit is positioned over the next Well location with all the anchors lowered on seabed, required tensioning done and rig positioning accepted by Operator.

MOVING DAY RATE. Applicable for jack xxxx up rigs Except where otherwise provided for in this Agreement, Contractor shall be compensated at the Moving Day Rate of ( ) during the time the Drilling Unit is in actual movement between locations, beginning when the Drilling Unit has actually started moving from previous location and ending when the Drilling unit is positioned over the next Well location. Applicable for floaters Except where otherwise provided for in this Agreement, Contractor shall be compensated at the Moving Day Rate of ( ) during the time the Drilling Unit is in actual movement between locations, beginning from the start of de-anchoring operations at any location ending when the Drilling unit is positioned over the next Well location with all the anchors lowered on seabed, required tensioning done and rig positioning accepted by Operator.