Common use of Prudent and Reasonable Operator Clause in Contracts

Prudent and Reasonable Operator. an operator acting in good faith with the intention of executing its contractual obligations and who, for this purpose, applies the skills, attentiveness, prudence and foresight that are reasonably and usually applied by a competent and experienced professional acting in accordance with the laws and regulations in similar circumstances and conditions.

Appears in 4 contracts

Sources: Network Transmission Contract, Network Transmission Contract, Network Transmission Contract

Prudent and Reasonable Operator. an operator acting a person seeking in good faith with the intention of executing to perform its contractual obligations and who, for this purposein so doing, applies exercises the skillsskill, attentivenessdiligence, prudence and foresight that are which would reasonably and usually applied by be expected from a competent skilled and experienced professional operator acting in accordance with the laws and regulations in under similar circumstances and conditions. Reception: all of the operations carried out by the Operator with a view to accommodating the Vessel in the Terminal.

Appears in 4 contracts

Sources: Small Scale LNG Carrier Loading Contract, Small Scale LNG Carrier Loading Contract, Small Scale LNG Carrier Loading Contract

Prudent and Reasonable Operator. an operator acting a person seeking in good faith with the intention of executing to perform its contractual obligations and who, for this purposein so doing, applies exercises the skillsskill, attentivenessdiligence, prudence and foresight that are which would reasonably and usually applied by be expected from a competent skilled and experienced professional operator acting in accordance with the laws and regulations in under similar circumstances and conditions. Reception Measuring System: all of the equipment and procedures for sampling, measuring, component analysis, calculation and electronic transmission used by the Operator in order to determine the Quantities Unloaded and the Reception: all of the operations carried out by the Operator with a view to accommodating the Vessel in the Terminal.

Appears in 1 contract

Sources: Contract for Access to the Fos Cavaou LNG Terminal

Prudent and Reasonable Operator. an operator acting a person acting, in good faith with the intention of executing faith, to perform its contractual obligations and who, for this purposein doing so, applies exercises the skillsskill, attentivenessdiligence, prudence and foresight that are which would reasonably and usually applied by be expected from a competent skilled and experienced professional acting in accordance with the laws and regulations in under similar circumstances and conditions.

Appears in 1 contract

Sources: Framework Contract for Access to LNG Terminal