Take or pay contracts in gas sales agreements? - gas sales agreement
Hello,
I asked a question the other day on the take or pay "contracts in the contracts of sale of gas against the verdict, if the pipeline can not supply of gas. Other words, the producer gas, the buyer wants the gas, but has the management of transport capacity of gas. Who pays for the risk?
Suppose further that the agreement to take or pay contract was signed for 10 years, and the buyer has to pay no gas for 9yrs, but continues for gas. And if the 10 years, wants the Buyer all gases, including the past 9yrs, what happens? What happens if the hose is not in a position to comply with the order of 10 years ..
Thank you in advance :-)
Saturday, January 2, 2010
Gas Sales Agreement Take Or Pay Contracts In Gas Sales Agreements?
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1 comments:
In a "take or pay" contract provides that the gas is available. Normally, the origin of the gas and the buyer is responsible for the organization of applications from pipelines that reach the market, where you want responsibility, that the gas supplied. Actually, the treaty generally provides for a few days prior to the transmission of information that the seller, so they should be able to plan their operations. Thus, in response to questions, the buyer risk if not properly planned their deliveries in advance. Most contracts have a "force majeure" clause that will be activated if the tube has a longer period has been reduced, etc.
Although it is highly unlikely that someone is not using the gas for which they would be paid to your second question, no matter what they did last nine years - is the seller under the contract is required for delivery. In addition, ask contracts I have seen, a "gas at the wellhead. If the buyer does not get gas for the past nine years, can not be claimed amounts in the past year ten.
Hope this helps.
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