New Shipper definition
Examples of New Shipper in a sentence
C2.3 of the New Shipper GTCs, GLNG shall provide the New Shipper promptly with details of all and any delays which delay or might be expected to delay the Commercial Operations Date and for which GLNG has the right to defer the Scheduled Commercial Operations Date in accordance with paragraph 1.4.
If the Parties fail to reach agreement upon a later date, either Party may terminate this Agreement without liability on its part (and for the avoidance of doubt with no liability on the part of the New Shipper to pay a Termination Payment) by giving notice in writing to the other Party.
If for any New Shipper GLNG fails to cause the Commercial Operations Date to occur by the Commercial Operations Long Stop Date, then (without prejudice to GLNG’s obligation to pay liquidated damages pursuant to paragraph 1.7) the New Shipper may by notice in writing to GLNG elect to treat the delay as a Default which is not capable of being cured by GLNG for the purposes of Section C6.1.1(c) of the New Shipper GTCs.
The New Shipper is required to execute this Agreement in order to sell Gas at the Delivery Point pursuant to clause 4(c)(iv) of the Allocation Agreement.
The New Shipper is a Shipper who has a contract for Gas supply at the Delivery Point and therefore wishes to deliver Gas to the Delivery Point.