Common use of Depot Regasification Spares Clause in Contracts

Depot Regasification Spares. spare vaporizer and ***** high pressure pump shall be purchased and stored at a mutually acceptable depot location. The 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 (*****). purchase cost of such depot spare parts (including the cost of delivery to the place where they are to be stored for the use of the Vessel, but excluding any administrative costs or continuing preservation and maintenance costs associated therewith) for use in maintaining the Regasification Components shall be considered an Additional Cost Component. Owner shall have the right, subject to Charterer’s consent (not to be unreasonably withheld), to re-adjust the number of Regasification Component depot spares if, after trials and/or initial service period under this Charter, prudent and safe operating practice show that the number of spares needs to be increased. Owner and Charterer shall examine ways to improve spare parts management giving consideration to the number of LNGRVs in operation and the number of different managers of such vessels. To enable verification of spare parts associated with Regasification Components held on shore solely for the use of the Vessel, such parts shall be stored and recorded separately from any parts which are the same or similar which may be held by Owner or Manager for any other vessel. Owner shall require Manager to maintain records of the stock of spare parts in such a manner that they can be audited and the stock verified at any time during the Term by Charterer’s auditors. Owner shall install, on board and on shore, at Owner’s expense an efficient computerized spare parts management system which will enable Manager to accomplish the foregoing. Since the Hire Rate under this Charter does not contemplate the replacement of vaporizer(s) during the Original Period, in the event a vaporizer fails, Owner and Charterer shall carry out a joint survey to determine the reason for failure of the vaporizer. ***** shall bear the cost of replacement of such vaporizer unless the reason for such premature failure is the fault of *****, in which case ***** shall bear the cost.

Depot Regasification Spares. spare vaporizer and ***** high pressure pump shall be purchased and stored at a mutually acceptable depot location. The 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 (*****). purchase cost of such depot spare parts (including the cost of delivery to the place where they are to be stored for the use of the Vessel, but excluding any administrative costs or continuing preservation and maintenance costs associated therewith) for use in maintaining the Regasification Components shall be considered an Additional Cost Component. Owner shall have the right, subject to Charterer’s consent (not to be unreasonably withheld), to re-adjust the number of Regasification Component depot spares if, after trials and/or initial service period under this Charter, prudent and safe operating practice show that the number of spares needs to be increased. Owner and Charterer shall examine ways to improve spare parts management giving consideration to the number of LNGRVs in operation and the number of different managers of such vessels. To enable verification of spare parts associated with Regasification Components held on shore solely for the use of the Vessel, such parts shall be stored and recorded separately from any parts which are the same or similar which may be held by Owner or Manager for any other vessel. Owner shall require Manager to maintain records of the stock of spare parts in such a manner that they can be audited and the stock verified at any time during the Term by Charterer’s auditors. Owner 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 (*****). shall install, on board and on shore, at Owner’s expense an efficient computerized spare parts management system which will enable Manager to accomplish the foregoing. Since the Hire Rate under this Charter does not contemplate the replacement of vaporizer(s) during the Original Period, in the event a vaporizer fails, Owner and Charterer shall carry out a joint survey to determine the reason for failure of the vaporizer. ***** shall bear the cost of replacement of such vaporizer unless the reason for such premature failure is the fault of *****, in which case ***** shall bear the cost.

Depot Regasification Spares. spare vaporizer and ***** high pressure pump shall be purchased and stored at a mutually acceptable depot location. The 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 (*****). purchase cost of such depot spare parts (including the cost of delivery to the place where they are to be stored for the use of the Vessel, but excluding any administrative costs or continuing preservation and maintenance costs associated therewith) for use in maintaining the Regasification Components shall be considered an Additional Cost Component. Owner shall have the right, subject to Charterer’s consent (not to be unreasonably withheld), to re-adjust the number of Regasification Component depot spares if, after trials and/or initial service period under this Charter, prudent and safe operating practice show that the number of spares needs to be increased. Owner and Charterer shall examine ways to improve spare parts management giving consideration to the number of LNGRVs in operation and the number of different managers of such vessels. To enable verification of spare parts associated with Regasification Components held on shore solely for the use of the Vessel, such parts shall be stored and recorded separately from any parts which are the same or similar which may be held by Owner or Manager for any other vessel. Owner shall require Manager to maintain records of the stock of spare parts in such a manner that they can be audited and the stock verified at any time during the Term by Charterer’s auditors. Owner shall install, on board and on shore, at Owner’s expense an efficient computerized spare parts management system which will enable Manager to accomplish the foregoing. Since the Hire Rate under this Charter does not contemplate the 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 (*****). replacement of vaporizer(s) during the Original Period, in the event a vaporizer fails, Owner and Charterer shall carry out a joint survey to determine the reason for failure of the vaporizer. ***** shall bear the cost of replacement of such vaporizer unless the reason for such premature failure is the fault of *****, * in which case ***** shall bear the cost.

Depot Regasification Spares. spare vaporizer and ***** high pressure pump shall be purchased and stored at a mutually acceptable depot location. The 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 (*****). purchase cost of such depot spare parts (including the cost of delivery to the place where they are to be stored for the use of the Vessel, but excluding any administrative costs or continuing preservation and maintenance costs associated therewith) for use in maintaining the Regasification Components shall be considered an Additional Cost Component. Owner shall have the right, subject to Charterer’s consent (not to be unreasonably withheld), to re-adjust the number of Regasification Component depot spares if, after trials and/or initial service period under this Charter, prudent and safe operating practice show that the number of spares needs to be increased. Owner and Charterer shall examine ways to 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 (*****). improve spare parts management giving consideration to the number of LNGRVs in operation and the number of different managers of such vessels. To enable verification of spare parts associated with Regasification Components held on shore solely for the use of the Vessel, such parts shall be stored and recorded separately from any parts which are the same or similar which may be held by Owner or Manager for any other vessel. Owner shall require Manager to maintain records of the stock of spare parts in such a manner that they can be audited and the stock verified at any time during the Term by Charterer’s auditors. Owner shall install, on board and on shore, at Owner’s expense an efficient computerized spare parts management system which will enable Manager to accomplish the foregoing. Since the Hire Rate under this Charter does not contemplate the replacement of vaporizer(s) during the Original Period, in the event a vaporizer fails, Owner and Charterer shall carry out a joint survey to determine the reason for failure of the vaporizer. ***** shall bear the cost of replacement of such vaporizer unless the reason for such premature failure is the fault of *****, in which case ***** shall bear the cost.

Depot Regasification Spares. spare vaporizer Depot spares and ***** high pressure pump Regasification Component spares as agreed and listed in Attachment 3 to this Schedule III shall be purchased and stored at a mutually acceptable depot locationfor the benefit of the SRVs on or prior to the delivery date of the first SRV in the SRV Fleet. The 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 (*****). purchase cost of such depot spare parts (including the cost of delivery to the place where they are to be stored for the use of the VesselVessel and any duties, if applicable, but excluding any administrative costs or continuing preservation and maintenance costs associated therewith) in excess of ***** United States Dollars (US$*****) for use in maintaining the Vessel and the Regasification Components shall be considered an Additional Cost Componentform part of the Fixed Element of each SRV in the SRV Fleet (as calculated in accordance with Clause 1.1(d) of this Schedule III). Owner shall have the right, subject to Charterer’s consent (not to be unreasonably withheld), to re-adjust the number of Regasification Component depot spares if, after trials and/or initial service period under this Charter, prudent and safe operating practice show that the number of spares needs to be increased. Owner and Charterer shall examine ways to improve spare parts management giving consideration to the number of LNGRVs SRVs in the SRV Fleet in operation and the number of different managers of such vessels. To enable verification of spare parts associated with Regasification Components held on shore solely for the use of the Vessel, such parts shall be stored and recorded separately from any parts which are the same or similar which may be held by Owner or Manager for any other vessel. Owner shall require Manager to maintain records of the stock of spare parts in such a manner that they can be audited and the stock verified at any time during the Term Team by Charterer’s auditors. Owner shall install, on board and on shore, at Owner’s expense expense, an efficient computerized spare parts management system which will enable Manager to accomplish the foregoing. Since the Hire Rate under this Charter does not contemplate the replacement of vaporizer(s) during the Original Period, in the event a vaporizer fails, Owner and Charterer shall carry out a joint survey to determine the reason for failure of the vaporizer. ***** shall bear the cost of replacement of such vaporizer unless the reason for such premature failure is the fault of *****, in which case ***** shall bear the cost.

Depot Regasification Spares. spare vaporizer Depot spares and ***** high pressure pump Regasification Component spares as agreed and listed in Attachment 3 to this Schedule III shall be purchased and stored at a mutually acceptable depot locationfor the benefit of the SRVs on or prior to the delivery date of the first SRV in the SRV Fleet. The 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 (*****). purchase cost of such depot spare parts (including the cost of delivery to the place where they are to be stored for the use of the VesselVessel and any duties, if applicable, but excluding any administrative costs or continuing preservation and maintenance costs associated therewith) in excess of ***** United States Dollars (US$*****) for use in maintaining the Vessel and the Regasification Components shall be considered an Additional Cost Componentform part of the Fixed Element of each SRV in the SRV Fleet (as calculated in accordance with Clause 1.1 (d) of this Schedule III). Owner shall have the right, subject to Charterer’s consent (not to be unreasonably withheld), to re-adjust the number of Regasification Component depot spares if, after trials and/or initial service period under this Charter, prudent and safe operating practice show that the number of spares needs to be increased. Owner and Charterer shall examine ways to improve spare parts management giving consideration to the number of LNGRVs SRVs in the SRV Fleet in operation and the number of different managers of such vessels. To enable verification of spare parts associated with Regasification Components held on shore solely for the use of the Vessel, such parts shall be stored and recorded separately from any parts which are the same or similar which may be held by Owner or Manager for any other vessel. Owner shall require Manager to maintain records of the stock of spare parts in such a manner that they can be audited and the stock verified at any time during the Term by Charterer’s auditors. Owner shall install, on board and on shore, at Owner’s expense expense, an efficient computerized spare parts management system which will enable Manager to accomplish the foregoing. Since the Hire Rate under this Charter does not contemplate the replacement of vaporizer(s) during the Original Period, in the event a vaporizer fails, Owner and Charterer shall carry out a joint survey to determine the reason for failure of the vaporizer. ***** shall bear the cost of replacement of such vaporizer unless the reason for such premature failure is the fault of *****, in which case ***** shall bear the cost.