Common use of Outbreak of War Clause in Contracts

Outbreak of War. (a) Subject to the other provisions of this Clause 25, in the event of an outbreak of war affecting or with a reasonable prospect of affecting Owner, FSRU or Mooring, the parties shall meet to seek to agree a means to provide for the safe lying of the FSRU and the continued safety of the Master and crew, subject to Owner complying at all times with the terms of the War Risks Insurance placed in accordance with Clause 30. If the FSRU’s War Risks insurers require Owner to move the FSRU to a safe place or berth in accordance with the terms of its War Risks policy, Owner shall be permitted to comply with such instructions, and to bring the FSRU back to the Mooring and resume operations under this agreement as soon as reasonably practicable, and the FSRU shall be On-Hire and no Warranty Compensation shall be payable during such time. SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH FIVE ASTERISKS (*****). (b) If the Master determines that the FSRU or its crew or cargo is in such peril that the FSRU or its crew ought to be moved, Owner shall (without in any way limiting the Master’s discretion) consult with Company and Master may so move the FSRU or its crew away from the vicinity of the Mooring, and the FSRU shall remain On-Hire with no Warranty Compensation payable, until the time that Owner reasonably requires the crew or FSRU to return to the Mooring and put the FSRU back into service after that peril shall have passed.

Appears in 2 contracts

Sources: Lease, Operation and Maintenance Agreement, Lease, Operation and Maintenance Agreement (Hoegh LNG Partners LP)