Common use of Laydays Clause in Contracts

Laydays. a) Seller shall declare to Buyer the Laydays and the Cargo Reference Number in respect of the Cargo not later than, and time shall be of the essence in this respect, 1700 hours London time on the 15th Day prior to the first Day of the Laydays. By way of example, if a declaration is made on the first Day of the Specified Month then the earliest Laydays acceptable are 16th-18th of the Specified Month. Telephone declarations made by 1700 hours shall be valid, but must be promptly confirmed by telex from Seller. If the 15th Day prior to the first Day of the Laydays is a Saturday, Sunday or London Bank Holiday then such declaration shall be made not later than 1700 hours on the last preceding London Banking Day. Buyer shall use all reasonable efforts to ensure that appropriate facilities and sufficient authorised personnel are available for the prompt receipt of declarations. b) If Seller is itself purchasing the Cargo from, or Buyer is itself selling the Cargo to, any third party, Seller or Buyer, as the case may be, undertakes to pass on as expeditiously as possible any communication given to it hereunder which it is contractually bound to give to such third party. c) The Cargo Reference Number declared pursuant to Clause 3(a) shall relate to a Cargo which at the time of such declaration is, according to the ▇▇▇▇▇ System schedule or the Ninlan System schedule (as the case may be), intended by the ▇▇▇▇▇ System or the Nlnlan System to be made available for loading on the Scheduled Day. However, providing that the Cargo Reference Number is validly declared as aforesaid, Seller shall not be in breach of this Agreement if the Cargo Reference Number in respect of the Cargo is not at the time of loading the same as the Cargo Reference Number previously declared pursuant to Clause 3(a) provided that the Cargo Reference Number at the time of loading refers to a Cargo which at commencement of the Laydays declared pursuant to Clause 3(a) was scheduled by the Loading Terminal for loading on the Scheduled Day.

Appears in 1 contract

Sources: Sale Agreement

Laydays. a) Seller shall declare to Buyer the Loading Terminal, the Laydays and the Cargo Reference Number in respect of the Cargo not later thanbetween 0900 and 1600 hours (London time), and time shall be of the essence in this respect, 1700 hours London time not later than on the 15th Last Day of Nomination. Telephone declarations through the designated LNG nomination telephone lines made by 1600 hours shall be valid, but also must be promptly confirmed by fax/e-mail from Seller. The Last Day of Nomination shall be One Full Month prior to the first Day of the Laydays. By way , where One Full Month is defined as the number of example, if a declaration is made on calendar days in the first Day month prior to the month where the middle day of the Specified Month then the earliest Laydays acceptable are 16th-18th of the Specified Month. Telephone declarations made by 1700 hours shall be valid, but must be promptly confirmed by telex from Sellerfalls. If the 15th Day day One Full Month prior to the first Day day of the Laydays is a Saturday, Sunday or London Bank Holiday in London, then such declaration the Last Day of Nomination shall be made not later than 1700 hours on the last preceding London Banking DayDay to this day. In case the Last Day of Nomination does not fall in the month prior to the month where the middle day of the Laydays falls, then the Last Day of Nomination shall be replaced by the nearest London Banking Day to this day, such that this is the case. If Seller chooses to declare to Buyer the Loading Terminal, the Laydays and the Cargo Reference Number in respect of the Cargo on any day prior to the Last Day of Nomination, then such declaration must be made between 0900 and 1700 (London time) on a London Banking day. Telephone declarations through the designated LNG nomination telephone lines shall be valid, but also must be promptly confirmed by fax/e-mail from Seller. ▇▇▇▇▇▇ agrees to make such declaration as expeditiously as possible. Buyer shall use all reasonable efforts to ensure that appropriate facilities and sufficient authorised authorized personnel are available for the prompt receipt of declarations. b) If Seller is itself purchasing the Cargo from, or Buyer is itself selling the Cargo to, any third party, Seller or Buyer, as the case may be, undertakes to pass on as expeditiously as possible any communication given to it hereunder which it is contractually bound to give to such third party. c) The Cargo Reference Number declared pursuant to Clause 3(a) shall relate to a Cargo which at the time of such declaration is, according to the ▇▇▇▇▇ GPD LNG System schedule or the Ninlan System schedule (as the case may beschedule), intended by the ▇▇▇▇▇ System or the Nlnlan GPD LNG System to be made available for loading on the Scheduled Day. However, providing that the Cargo Reference Number is validly declared as aforesaid, Seller shall not be in breach of this Agreement if the Cargo Reference Number in respect of the Cargo is not at the time of loading the same as the Cargo Reference Number previously declared pursuant to Clause 3(a) provided that the Cargo Reference Number at the time of loading refers to a Cargo which at commencement of the Laydays declared pursuant to Clause 3(a) was scheduled by the Loading Terminal for loading on the Scheduled Day.

Appears in 1 contract

Sources: Agreement for the Sale of LNG