Common use of Termination of Transportation System Clause in Contracts

Termination of Transportation System. After termination of operation / abandonment of specific parts of the Transportation System, the Technical Services Provider may only charge the Operator for expenses necessary in order to abandon the activities. Unless otherwise agreed, this shall take place within 6 months following the month of license termination. Debits/credits stemming from post calculations, corrections or audits shall carry interest in accordance with item 1.3.3 and be charged the Operator in a separate statement.

Appears in 4 contracts

Samples: Technical Services Agreement, Statoil Petroleum (Statoil Asa), Statoil Petroleum (Statoil Asa)

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Termination of Transportation System. After termination of operation / abandonment of specific parts of the Transportation System, the Technical Services Provider may only charge the Operator for expenses necessary in order to abandon the activities. Unless otherwise agreed, this shall take place within 6 months following the month of license termination. Debits/credits stemming from post calculations, corrections or audits shall carry be subject to interest in accordance with item 1.3.3 article 1.2.3 Alternative 1 and be charged the Operator in a separate statement.

Appears in 1 contract

Samples: Technical Services Agreement (Statoil Asa)

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