WebCite. Ship-or-Pay CT Agreement means an arrangement under which subject to and in accordance with such CT Agreement, the Transporter shall reserve transmission capacity so as to provide Gas Transmission Services to Shipper on a firm basis. Sample 1 Sample 2 Sample 3. Based on 3 documents. Web27 Jan 2024 · FOCUS: Oilfield services (OFS) companies should consider a wider range of contracting models and challenge traditional fixed-fee type strategies in order to survive and prosper, as the lower oil price squeezes margins in the exploration and production (E&P) industry. The fall in oil prices since 2014, and the resulting tightening of capital ...
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Web13 May 2024 · This model gives maximum possible economic freedom to oil and gas companies. The concessionary model is used to different extents in more than a hundred countries around the world, especially in the development of North Sea oil and gas resources. The contracts were concluded between oil companies and the governments of … Webpay clauses in both long-term coal and gas contracts is consistent with this reasoning. Take obligations encourage efficient adapta-tion by relating the payment schedule in a contract to the alternative values of the re-sources either in sale to alternative customers or in storage for future use. Alternative sale values of a product in gma concert ticket prices
Take or Pay - Contract, Penalty, Examples, What Is It?
WebCLAUSE 8 – BILLING AND PAYMENT ... ANNEXURE 2 – GAS SPECIFICATION ... “Access Code for Common Carrier or Contract Carrier Natural Gas Pipelines” or “Access Code” shall mean the regulation of this name notified by Board and its amendments from time to time. 3. “Act” means the Petroleum & Natural Gas Regulatory Board Act, 2006. ... Web10 Mar 2024 · Ship chartering is the hiring out the use of a ship by a vessel owner to another company, the charterer, for the transportation of goods. It may sound straightforward enough, but in practicality, it’s anything but simple. There are many different types of charter contracts, various cost components, and of course many different players involved. Web27 Nov 2024 · A force majeure clause is a contractual term which regulates the consequences of supervening events beyond the parties' control on the obligations of one or both of the parties to the contract. Such clauses typically require a causal link between such events and performance, and provide for the consequences of the event on the parties' … gma colton underwood interview