Common use of Reduction of the Shipper's minimum payment obligations Clause in Contracts

Reduction of the Shipper's minimum payment obligations. In the event of the application of Article 9, except for the circumstances referred to in f) of this Article, or of Articles 10 and 11: o the quantities that could not be unloaded and the Unloadings that could not be performed due to the occurrence of an event or circumstance falling under said Articles shall be deducted from the Contractual Unloaded Quantity and the Number of Contractual Unloadings respectively when calculating the Minimum Payment Obligations as per Article 30.1.1; o the quantities that could not be reloaded and the Reloadings that could not be performed due to the occurrence of an event or circumstance falling under said Articles shall be deducted from the Contractual Reloaded Quantity and the Number of Contractual Reloadings respectively when calculating the prices due under Articles 30.6 and 30.7. The Shipper shall waive the right to recourse against the Operator for damages it may suffer in the situations referred to in the previous subparagraphs.

Appears in 4 contracts

Samples: www.elengy.com, www.elengy.com, www.elengy.com

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