Examples of Nyhamna Joint Venture in a sentence
The Operator will conduct all operations in the Transportation System and, on behalf of Nyhamna Joint Venture, provide the Processing Services and execute all Nyhamna Joint Venture’s rights and obligations under the Processing Agreement.
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The amount resulting from the adjustment, including interest, shall if payable by Nyhamna Joint Venture, be paid not later than 20 days after the date of submission of said new invoice.
The liability for expenses and damages for which neither an individual shipper nor Nyhamna Joint Venture can be held liable according to the Processing Agreement and, subject to Article 10.6 third paragraph, the liability for expenses and damages which may be incurred by either of the Parties as a result of environmental pollution, explosion, fire or any other events arising out of the escape of Gas from the Transportation System as described in Article 10.6, shall be shared between the shippers.
The amount payable by the Shipper shall be paid and credited to bank accounts designated by Nyhamna Joint Venture on the 20th day of the Month in which the invoice referred to in Article 6.1 was submitted or not later than 10 days after receipt of said invoice, whichever date comes later.
Nyhamna Joint Venture undertakes to receive quantities of Gas at the Entry Point(s), process Gas up to the Booked Processing Capacity and redeliver Gas to the Shipper at each Exit Point(s) throughout the Booking Period (the “Transportation Commitment”).
However, if such expenses and damages are caused by gross negligence or wilful misconduct by the managerial and/or supervisory personnel of Nyhamna Joint Venture and/or the Operator, their Contractors and/or Subcontractors, then Nyhamna Joint Venture shall indemnify the Shipper.
To the extent such expenses and damages can be recovered under the insurances arranged by Nyhamna Joint Venture pursuant to Article 10.7, such recovered amounts shall be credited the shippers pro rata to each shipper's liability in respect of such expenses and damages as determined in accordance with Article 10.9.If the total loss exceeds the maximum limits as stipulated in the Desk Quotation, then the shippers will be responsible for the excess amount as calculated in accordance with Article 10.9.
Throughout the Booking Period Nyhamna Joint Venture shall operate, maintain and repair the Transportation System in a Reasonable and Prudent manner.
Nyhamna Joint Venture shall redeliver at the Exit Point(s) Gas that meets the Specifications.