Spot Cargo definition
Examples of Spot Cargo in a sentence
Unless the context requires otherwise, this Agreement incorporates terms defined in the Terminal Access Code, Terminal Use Agreement and Spot Cargo Agreement (as may be applicable).
Pursuant to the LNG Cargo Slot Confirmed Schedule or the Spot LNG Cargo Slot Confirmed Schedule (as applicable) each AP LNG Cargo or Spot Cargo shall have an approved LNG Cargo Arrival Window.
Terminal Operator will be paid an administrative service fee by the Spot Cargo User for reselling of unused capacity, such fee (“Administrative Fee”) to be deducted from any reimbursement of fees due to Spot Cargo User under clause 6.3(g).
Spot Cargo User may inspect the operation of the Terminal subject to and in accordance with clause 10.14 of the Terminal Access Code.
The Term shall be extended because of and by the duration of an event of Force Majeure, in case the Spot Cargo has arrived at the Terminal.
Reference is made to the Spot Cargo Agreement (SCA) dated [●] by and between Beneficiary, a company incorporated under the laws of Greece with its principal office at 000, Xxxxxxxxx Xxx.
The Terminal facilities and equipment to be utilised by Terminal Operator to provide the Spot Cargo Service to Spot Cargo User shall include the facilities that will be published on the Terminal Operator’s website.
Spot Cargo User shall indemnify and hold Terminal Operator harmless against all Encumbrances regarding Spot Cargo User’s LNG, including claims brought by other Users, except to the extent that any claims are caused by Terminal Operator’s or its subcontractors’ acts or omissions.
Curtailment or suspension shall not relieve Spot Cargo User from its obligation to pay the Spot Capacity Fees and other appropriate amounts as they fall due, pursuant to clause 6.2(d).Unless, the Spot Cargo User does not receive any Services at all, in which case no Capacity Fees will be paid.
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.