Common use of Offshore Operations Clause in Contracts

Offshore Operations. ‌ 19.1 The Contractor shall ensure that facilities erected offshore in Somalia's territorial waters shall be: 19.1.1 constructed, placed, marked, buoyed, equipped and maintained so that there are safe and convenient channels for shipping in accordance with the applicable international standards, regulations and guidelines and the Best International Practice; 19.1.2 fitted with navigational aids approved by the SPA; 19.1.3 illuminated between sunset and sunrise in a manner approved by the Somalia ports and maritime authorities; and 19.1.4 kept in good repair and working order. 19.2 The Contractor shall pay to the Federal Government a compensation (in the amount, and promptly after having been, determined by an independent expert appointed by both Parties) for any damage to and/or any detrimental interference (including, but not limited to, fishing rights) caused by the performance of the Petroleum Operations.

Appears in 1 contract

Sources: Production Sharing Agreement

Offshore Operations. 19.1 The Contractor shall ensure that facilities erected offshore in Somalia's territorial waters shall be: 19.1.1 constructed, placed, marked, buoyed, equipped and maintained so that there are safe and convenient channels for shipping in accordance with the applicable international standards, regulations and guidelines and the Best International Practice; 19.1.2 fitted with navigational aids approved by the SPA; 19.1.3 illuminated between sunset and sunrise in a manner approved by the Somalia ports and maritime authorities; and 19.1.4 kept in good repair and working order. 19.2 The Contractor shall pay to the Federal Government a compensation (in the amount, and promptly after having been, determined by an independent expert appointed by both Parties) for any damage to and/or any detrimental interference (including, but not limited to, fishing rights) caused by the performance of the Petroleum Operations.

Appears in 1 contract

Sources: Production Sharing Agreement