Common use of NON-OPERATING DAY RATE Clause in Contracts

NON-OPERATING DAY RATE. Applicable for Xxxx-up rigs Contractor shall be paid a Non-operating day rate of ( only) when the Drilling Unit is not operating and is either waiting for materials / orders / instructions / programme/ waiting on weather / waiting on cement to set or carrying out fishing operations (not due to Contractor’s equipment and tools) / arrangement for rig move including jacking down and jacking up [subject to clause 9.1(d)] except where otherwise provided for in this Agreement. When the Drilling Unit is deployed on a Well, which includes a planned fishing operations, then the Contractor shall be paid at Operating Day Rate during such fishing operations. Applicable for floaters Contractor shall be paid a Non-operating day rate of ( only) when the Drilling Unit is not operating and is either waiting for materials / orders / instructions / programme/ waiting on weather / waiting on cement to set or carrying out fishing operations (not due to Contractor’s equipment and tools) except where otherwise provided for in this Agreement. When the Drilling Unit is deployed on a Well, which includes a planned fishing operations, then the Contractor shall be paid at Operating Day Rate during such fishing operations.

Appears in 4 contracts

Samples: Model Contract, Model Contract, Model Contract

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