Buyer grants to Seller. a license to use as fuel such quantities of LNG in the LNG Ship as may reasonably be required to enable the LNG Ship to continue its voyage from the Title Transfer Point inward bound to the Discharge Port and from the Discharge Port outward bound until the LNG Ship exits the territorial waters of the country in which Buyer’s Facilities are located, which license (x) shall become effective at the Title Transfer Point and shall continue in effect until the LNG Ship exits the territorial waters of the country in which Buyer’s Facilities are located; and (y) shall not require any payment or other consideration to pass from Seller to Buyer.
Appears in 4 contracts
Samples: Master LNG, Master LNG, Master LNG Sale and Purchase Agreement
