Failed LNG Cargo definition

Failed LNG Cargo means the specific LNG Cargo impacted by a Failed LNG Cargo Event.

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Examples of Failed LNG Cargo in a sentence

• Terminal User shall be jointly and severally liable for such shared LNG Cargo delivery, including the obligations set forth in the Terminal Access Code and this Agreement such as with respect to a Failed LNG Cargo Event, LNG Specification problem, or other LNG Carrier responsibility.

• Such costs shall be apportioned pro rata between all Users of the Terminal at the time such costs are accrued and shall be invoiced by Terminal Operator to Terminal User in accordance with clause 12, except for cases of a Failed LNG Cargo, where the costs will be recovered by the Defaulting User, as described in the IUA.

• Such costs shall be apportioned pro rata between all Users of the Terminal at the time such costs are accrued and shall be invoiced by Terminal Operator to Spot Cargo User in accordance with clause 12, except for cases of a Failed LNG Cargo, where the costs will be recovered by the Defaulting User, as described in the IUA.