Mobilization Fee. In addition to Operator’s obligation to pay the Standby Rate in accordance with Paragraph 705 and to supply Operator’s Items, Operator shall pay Contractor a Mobilization Fee as specified in Appendix A which shall be earned on the date the Drilling Unit departs for the Operating Area.
Appears in 2 contracts
Sources: Us Offshore Daywork Drilling Contract, International Offshore Daywork Drilling Contract
Mobilization Fee. In addition to Operator’s 's obligation to pay the Standby Rate in accordance with Paragraph 705 and to supply Operator’s 's Items, Operator shall pay Contractor a Mobilization Fee as specified in Appendix A A, which shall be earned on due and payable in full at the date time the Drilling Unit departs for is rigged up or positioned at the Operating Areafirst drilling location ready to spud.
Appears in 1 contract