Spa Agreement Lng

8. října 2021 | Vít Zemčík | Nezařazené | Sdílet na Facebooku

If the parties wish to complete a transaction, they will complete an additional „confirmation notification“ containing the terms and conditions of the framework contract and the terms specific to the transaction, such as the contract price, the contract quantity and the LNG specification. Common types of LNG sales contracts are as follows: under these conditions, the termination of all fossil fuels may be required, regardless of the cleanliness of one or the other of them. Within the natural gas sector, this will create particular challenges related to the long-term recovery of capital expenditures and the long-term viability of many LNG sales contracts. In the absence of specific wording, the law is slow to ease the burden on a party facing economic difficulties or adverse economic circumstances. The law will find just as slowly that the contract has been terminated in these circumstances, unless the parties have expressly provided for it in their agreement. . . .

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