Common use of Trading Limits Clause in Contracts

Trading Limits. Subject to Clause 12.2, the Vessel shall be permitted to operate between any of the Primary Terminals and any other port in the world as Charterer shall direct within Institute Warranty Limits, as amended from time to time (and Charterer shall reimburse Owner in accordance with Clause 34 in relation to any additional insurance premiums, crew bonuses and other expenses incurred by Owner where the Vessel is ordered to trade in areas where there is war (de facto or de jure) or threat of war). The Vessel shall not be permitted to operate or trade in contravention of any applicable United Nations Security Council resolution or other applicable Law. If Charterer directs the Vessel to any LNG loading or receiving facilities other than the Primary Terminals, Charterer shall give notice to Owner sufficiently in advance thereof so as to enable Owner to comply with environmental, fire prevention, health, safety and other similar regulations applicable at such other place, including where any alteration or modification is required to the Vessel in order to be in compliance with such regulations. The reasonable cost and the necessary time taken to comply with such regulations necessary solely to allow the Vessel to load or discharge at such other place shall be for Charterer’s account. Charterer shall reimburse such costs to Owner against presentation to Charterer of appropriate invoices and supporting vouchers, except insofar as Owner is otherwise obliged to bear such costs in accordance with this Charter. If the Vessel is directed by Charterer to call at a port within the United States of America so that a Certificate of Financial Responsibility must be issued in respect of pollution liability, with or without security therefor, or is directed to call at a port in another jurisdiction which requires a similar certificate to be issued for pollution liability or requires a vessel response plan to be issued to the appropriate authorities in respect of potential pollution, Charterer will give Owner sufficient prior notice to enable Owner to comply with such requirements (or to procure that Contractor complies with such requirements), with actual expenses incurred by Owner for such compliance being for Charterer’s account.

Trading Limits. Subject to Clause 12.2, the Vessel shall be permitted to operate between any of the Primary Terminals and any other port in the world as Charterer Customer shall direct within Institute Warranty Limits, as amended from time to time (and Charterer Customer shall reimburse Owner Contractor in accordance with Clause 34 26.3 in relation to any additional insurance premiums, crew bonuses and other expenses incurred by Owner Contractor where the Vessel is ordered to trade in areas where there is a war (de facto defacto or de jure) or threat of war). The Vessel shall not be permitted to operate or trade in contravention of any applicable United Nations Security Council resolution or other applicable Law. If Charterer Customer directs the Vessel to any LNG loading or receiving facilities other than the Primary Terminals, Charterer shall give notice to Owner Contractor sufficiently in advance thereof so as to enable Owner Contractor to comply with environmental, fire prevention, health, safety and other similar regulations applicable at such other place, including where any alteration or modification is required to the Vessel in order to be in compliance with such regulationsVessel. The reasonable cost and the necessary time taken to comply with such regulations necessary solely to allow the Vessel to load or discharge at such other place shall be for ChartererCustomer’s account. Charterer Customer shall reimburse such costs to Owner Contractor against presentation to Charterer Customer of appropriate invoices and supporting vouchers, except insofar as Owner Contractor is otherwise obliged to bear such costs in accordance with this CharterAgreement. If the Vessel is directed by Charterer Customer to call at a port within the United States of America so that a Certificate of Financial Responsibility must be issued in respect of pollution liability, with or without security therefortherefore, or is directed to call at a port in another jurisdiction which requires a similar certificate to be issued for pollution liability or requires a vessel response plan to be issued to the appropriate authorities in respect of potential pollution, Charterer Customer will give Owner Contractor sufficient prior notice to enable Owner Contractor to comply with such requirements (or to procure that Contractor complies with such requirements), with actual expenses incurred by Owner Contractor for such compliance up to a maximum of *****, such amount to be reimbursed by Customer in the corresponding amount in Reais (R$), each year to be increased yearly at a rate corresponding to the U.S. Consumer Price Index (provided by the Bureau of Labor Statistics of the US Bureau of Labor) with the cost of such compliance being for ChartererCustomer’s account.