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Common use of Trading Limits Clause in Contracts

Trading Limits. Subject to Clause 12.2, the Vessel shall be permitted to operate between any of the Primary Terminals and any other port in the world as Customer shall direct within Institute Warranty Limits, as amended from time to time (and Customer shall reimburse Contractor in accordance with Clause 26.3 in relation to any additional insurance premiums, crew bonuses and other expenses incurred by Contractor where the Vessel is ordered to trade in areas where there is a war (defacto or de jure) or threat of war). The Vessel shall not be permitted to operate or trade in contravention of any applicable United Nations Security Council resolution or other applicable Law. If Customer directs the Vessel to any LNG loading or receiving facilities other than the Primary Terminals, shall give notice to Contractor sufficiently in advance thereof so as to enable Contractor to comply with environmental, fire prevention, health, safety and other similar regulations applicable at such other place, including any alteration or modification required to the Vessel. The reasonable cost and the necessary time taken to comply with such regulations necessary solely to allow the Vessel to load or discharge at such other place shall be for Customer’s account. Customer shall reimburse such costs to Contractor against presentation to Customer of appropriate invoices and supporting vouchers, except insofar as Contractor is otherwise obliged to bear such costs in accordance with this Agreement. If the Vessel is directed by Customer to call at a port within the United States of America so that a Certificate of Financial Responsibility must be issued in respect of pollution liability, with or without security therefore, or is directed to call at a port in another jurisdiction which requires a similar certificate to be issued for pollution liability or requires a vessel response plan to be issued to the appropriate authorities in respect of potential pollution, Customer will give Contractor sufficient prior notice to enable Contractor to comply with such requirements, with actual expenses incurred by Contractor for such compliance up to a maximum of *****, such amount to be reimbursed by Customer in the corresponding amount in Reais (R$), each year to be increased yearly at a rate corresponding to the U.S. Consumer Price Index (provided by the Bureau of Labor Statistics of the US Bureau of Labor) with the cost of such compliance being for Customer’s account.

Appears in 2 contracts

Samples: Operation and Services Agreement (Golar LNG Partners LP), Operation and Services Agreement (Golar LNG Partners LP)

Trading Limits. Subject to Clause 12.2, the Vessel shall be permitted to operate between any of the Primary Terminals and any other port in the world as Customer Charterer shall direct within Institute Warranty Limits, as amended from time to time (and Customer Charterer shall reimburse Contractor Owner in accordance with Clause 26.3 34 in relation to any additional insurance premiums, crew bonuses and other expenses incurred by Contractor Owner where the Vessel is ordered to trade in areas where there is a war (defacto de facto or de jure) or threat of war). The Vessel shall not be permitted to operate or trade in contravention of any applicable United Nations Security Council resolution or other applicable Law. If Customer Charterer directs the Vessel to any LNG loading or receiving facilities other than the Primary Terminals, Charterer shall give notice to Contractor Owner sufficiently in advance thereof so as to enable Contractor Owner to comply with environmental, fire prevention, health, safety and other similar regulations applicable at such other place, including where any alteration or modification is required to the VesselVessel in order to be in compliance with such regulations. The reasonable cost and the necessary time taken to comply with such regulations necessary solely to allow the Vessel to load or discharge at such other place shall be for CustomerCharterer’s account. Customer Charterer shall reimburse such costs to Contractor Owner against presentation to Customer Charterer of appropriate invoices and supporting vouchers, except insofar as Contractor Owner is otherwise obliged to bear such costs in accordance with this AgreementCharter. If the Vessel is directed by Customer Charterer to call at a port within the United States of America so that a Certificate of Financial Responsibility must be issued in respect of pollution liability, with or without security thereforetherefor, or is directed to call at a port in another jurisdiction which requires a similar certificate to be issued for pollution liability or requires a vessel response plan to be issued to the appropriate authorities in respect of potential pollution, Customer Charterer will give Contractor Owner sufficient prior notice to enable Contractor Owner to comply with such requirements (or to procure that Contractor complies with such requirements), with actual expenses incurred by Contractor Owner for such compliance up to a maximum of *****, such amount to be reimbursed by Customer in the corresponding amount in Reais (R$), each year to be increased yearly at a rate corresponding to the U.S. Consumer Price Index (provided by the Bureau of Labor Statistics of the US Bureau of Labor) with the cost of such compliance being for CustomerCharterer’s account.

Appears in 2 contracts

Samples: Time Charter Party (Golar LNG Partners LP), Time Charter Party (Golar LNG Partners LP)