Common use of Adjustment of Charter For Conventional LNG Vessel Operations Clause in Contracts

Adjustment of Charter For Conventional LNG Vessel Operations. In the event the Vessel shall be operated for the remainder of the Term solely as a conventional LNG vessel and not as an LNGRV, the parties shall make corresponding adjustments in each party’s obligations under this Charter to appropriately address such situation. In particular, the parties shall revise the following: (a) Owner’s undertakings, representations and warranties under Article 4 relating to an LNG regasification vessel; (b) rights of the parties under section 16.3 relating solely to the Regasification Components; (c) obligations of the parties under Article 15 to update the LNGRV Operating Manual; and (d) obligations of Owner under Article 29 relating to measuring devices used solely on an LNG regasification vessel. The provisions of this section 4.13 shall be without prejudice to the parties’ rights and obligations under Article 47 in relation to ownership, confidentiality and use of LNGRV Confidential Information.