Spot Cargo definition

Spot Cargo means any cargo of LNG which is delivered, or is scheduled to be delivered, to the Terminal pursuant to a Spot Capacity Agreement. [“Carico Spot” in the Italian text]
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Spot Cargo means any Cargo designated as a spot Cargo by the Operator and which is allocated to a User by Operator pursuant to the process set out in GTC 5.4.
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Examples of Spot Cargo in a sentence

  • We, [name of Issuing Bank] (Bank) have agreed to issue this on-demand guarantee (the Guarantee) to secure certain undertakings, obligations and liabilities of the Spot Cargo User in respect of the SCA.

  • 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 ▇▇▇, ▇▇▇▇▇▇▇▇▇ ▇▇▇.

  • 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 Spot Cargo User harmless against any such liability.

  • 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).

  • For the avoidance of doubt, the provisions of clauses 7.4.2 and 7.4.4 of Terminal Access Code in relation to Flexibility Services also apply to the Spot Cargo Users.

  • Without modifying or limiting a Party’s obligations regarding obtaining and maintaining its respective necessary Authorisations, Spot Cargo User and Terminal Operator shall reasonably cooperate with each other upon request wherever necessary for this purpose.

  • 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.

  • Unless otherwise provided in this Agreement, after obtaining that information, Terminal Operator shall prepare and serve on Spot Cargo User an adjusted invoice, showing the adjusted payment, the calculation of the payment amount, and the Party from whom the payment is owed and such amount shall be due and payable under clause 11.7 of the Terminal Access Code.

  • Spot Cargo User shall exercise reasonable endeavours to complete such audit within the Contract Year in which Spot Cargo User’s notice is sent to Terminal Operator.

  • Spot Cargo User agrees and acknowledges that the Spot Cargo User’s Guarantee may be insufficient to cover the liabilities incurred by Terminal Operator following a Spot Cargo User Event of Default, and that Terminal Operator’s remedies shall not be limited to drawing against the Spot Cargo User’s Guarantee.

Related to Spot Cargo

  • Night care means the care provided for one or more hours between the hours of 10:00 p.m. and 5:00 a.m.;

  • Maritime cargo handling services means activities exercised by stevedore companies, including terminal operators, but not including the direct activities of dockers, when this workforce is organised independently of the stevedoring or terminal operator companies. The activities covered include the organisation and supervision of:

  • Cargo means cargoes of any description;