Common use of Transportation Payment Clause in Contracts

Transportation Payment. (a) In respect of any contract, commencing from the Start Date as mentioned in Annexure-1, during the specified Period, the Shipper shall pay to the Transporter or invoicing entity, Transportation Payment in accordance with the relevant booked capacity and applicable transportation tariff i.e. approved tariff or unified tariff, as the case may be, as per PNGRB Regulations. (b) The Shipper shall pay Transportation Payment every Fortnight in accordance with the provisions of clause 5.1 (c) Transportation Payment for a Fortnight or for periods less than a Fortnight (in case the period between Start Date and End Date is less than a fortnight) shall be the sum of the Transportation Payment computed for each Day during such period, as per the terms of the relevant CT Agreement. (d) Transportation payment in respect of a Day will be Transportation Tariff x Higher of i. Allocated quantity or ii. 90% of the Booked Capacity (Ship or Pay capacity) (e) Transportation Tariff are subject to change as per the directives from the Board and the same shall be payable by the Shipper as applicable from time to time.