Common use of Title, Custody and Risk of Loss Clause in Contracts

Title, Custody and Risk of Loss. Title to the LNG, custody, and risk of loss shall be as set out in clause [10.6] of the Terminal Access Code. Subject to clause [10.6] of the Terminal Access Code and clause 14.2 of this Agreement, Terminal Operator shall be liable for any damage of any nature caused to any third party (who is not a User) by the LNG while such LNG is in Terminal Operator’s custody and Terminal Operator shall indemnify and hold Terminal User harmless against any such liability.

Appears in 3 contracts

Samples: LNG Terminal Use Agreement, LNG Terminal Use Agreement, LNG Terminal Use Agreement

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Title, Custody and Risk of Loss. Title to the LNG, custody, and risk of loss shall be as set out in clause [10.6] 10.6 of the Terminal Access Code. Subject to clause [10.6] 10.6 of the Terminal Access Code and clause 14.2 of this Agreement, Terminal Operator shall be liable for any damage of any nature caused to any third party (who is not a User) by the LNG while such LNG is in Terminal Operator’s custody and Terminal Operator shall indemnify and hold Terminal Spot Cargo User harmless against any such liability.

Appears in 2 contracts

Samples: LNG Spot Cargo Agreement, LNG Spot Cargo Agreement

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