Common use of Delivery and Redelivery Clause in Contracts

Delivery and Redelivery. (a) Charterer shall accept and pay for all bunkers (which shall include fuel oil, diesel oil and gas oil) and LNG Heel on board at the time of delivery at the respective Fuel Price and LNG Price. Amounts owed under this Clause 7.1 shall be included in the first Monthly Hire Invoice issued after the Delivery Date, which shall separately identify the amount payable for fuels on such Monthly Hire Invoice. (b) Owner shall on redelivery (whether it occurs at the end of the Charter Period or on the earlier termination of this Charter) accept and pay for all bunkers and LNG Heel remaining on board, valued respectively at the respective Fuel Price and LNG Price. Charterer shall issue a Reimbursement Invoice to Owner within ***** after Redelivery of the Vessel. (c) The Vessel shall be delivered to Charterer: (i) with cargo tanks with inert gas ready to start the “gas up operation”; and (ii) with an adequate quantity of fuel oil and diesel oil to allow the operation of the regasification plant at full capacity for one week. (d) The Vessel shall be redelivered to Owner with: (i) at Owner’s option, either its (A) cargo tanks containing not less than ***** LNG Heel, (B) cargo tanks containing natural gas vapour; or (C) cargo tanks in a Gas Free condition, as notified in writing by Owner to Charterer no later than ***** after the date (if any) Charterer provides the notice referred to in Clause 6.12(a) to Owner; provided, however, that where redelivery occurs other than due to expiry (by effluxion of time) of this Charter, or in the event that Charterer does not provide a notice under Clause 6.12(a), Owner shall give Charterer reasonable notice of its election of one of the above options, and Charterer shall use reasonable endeavours to comply with such request; and (ii) not less than ***** of fuel oil and ***** of diesel oil.

Appears in 2 contracts

Sources: Time Charter Party (Golar LNG Partners LP), Time Charter Party (Golar LNG Partners LP)