Tanker Lifting Sample Clauses

Tanker Lifting. At a reasonable time prior to the commencement of Initial Commercial Production, the CONTRACTOR shall submit for consideration of the DEPARTMENT a procedure for scheduling tanker liftings from the agreed upon point(s) of export and shall negotiate with the DEPARTMENT acceptable provisions relating to underlifting and overlifting of production. Such provisions shall include periodic and at least Quarterly settlement of overlifts and underlifts in cash or in kind at the option of the DEPARTMENT.
Sample 1
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Related to Tanker Lifting

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