Spot Cargo User definition
Examples of Spot Cargo User in a sentence
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.
If Terminal Operator acquires information indicating the necessity of an adjustment to any invoice rendered under this Agreement, then Terminal Operator shall serve on Spot Cargo User a written notice setting forth that information along with relevant supporting documents to justify the adjustment.
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.
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.
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.
Prior to the Service Commencement Date, Spot Cargo User must enter into, or accede to, the Inter- User Agreement and provide an Inter-User Guarantee as per the terms of that Inter-User Agreement.
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.