Common use of Price proportional to the Number of Reloadings Clause in Contracts

Price proportional to the Number of Reloadings. For each Month M, the PNRM price, proportional to the Number of Reloadings, is equal to the product of NRM, Number of Reloadings performed over the Month at the Terminal, multiplied by the sum of TFR and TNA: o PNRM = NRM x (TFR + TNA) euros The price used will be the maximum between the Shipper's minimum payment obligation (PNRPM) and the price calculated above (PNRM). If the Reloading operation concerns a micro methane Vessel (volume less than 20,000 m3), the TFR and TNA rates are replaced by the TFRMM rate. o PNRM = NRM x TFRMM euros

Appears in 2 contracts

Sources: Contract for Access to the Fos Cavaou LNG Terminal, Contract for Access to the Fos Cavaou LNG Terminal