THE VALIDITY AND ENFORCEABILITY OF “TAKE OR PAY” CLAUSES IN LNG SALES AND PURCHASE AGREEMENTS

Q: How can I download an article?

To download an article from SID, first log in to the site, search for the article title, and click on the 'Download Article' option.

Q: How can I download an ISI article?

To download an ISI article on SID, enter the keyword or article title in the search bar, view the relevant results, click on the desired article, and select the 'Download Article' option.

Q: How can I access the SID database?

To access the SID database, visit SID.ir, create an account, and log in to access scientific resources.

Q: Is downloading articles from SID free?

Some articles on SID are available for free, while others require payment. Details are specified on the article's page.

EBRAHIMI SAYED NASROLLAH; DANAEI KIMIA

مرکز اطلاعات علمی Scientific Information Database (SID) - Trusted Source for Research and Academic Resources

Journal Paper

Paper Information

Journal: Energy Law Studies Year:2017 | Volume:2 | Issue:2 Page(s): 189-212

Download Full-Text

Persian Verion

View:

528

Download:

Cites:

Information Journal Paper

Title

THE VALIDITY AND ENFORCEABILITY OF “TAKE OR PAY” CLAUSES IN LNG SALES AND PURCHASE AGREEMENTS

Author(s)

EBRAHIMI SAYED NASROLLAH | DANAEI KIMIA | Issue Writer Certificate

Keywords

TAKE OR PAY CLAUSEQ1

FINANCINGQ1

TAKE OR PAY OBLIGATIONQ1

ANNUAL CONTRACT QUANTITYQ1

LNG SELLS CONTRACTSQ1

Abstract

Since the LNG projects are so capital intensive, financers often do not finance these projects without making sure of its certain income stream. The main device to reach this certainty for the sellers and financers is inserting the "Take or Pay" clause in the contract. Therefore, today the "take or pay" clause has become the defining characteristic of long term LNG sales contracts. In different legal regimes, some doubts have been raised concerning the validity and enforceability of this clause. In addition with changing feature of LNG projects, it seems that traditional "take or pay" clauses have lost their efficiency and we need to step back and reevaluate the traditional "take or pay" structure in today’s evolving LNG marketplace. Evaluating the validity and enforceability of "take or pay" clauses in different legal regimes and the reasons of their inefficiency and finding some ways to improve the efficiency has been considered in this article.

Cites

No record.

References

No record.

Cite

APA: Copy

EBRAHIMI, SAYED NASROLLAH, & DANAEI, KIMIA. (2017). THE VALIDITY AND ENFORCEABILITY OF “TAKE OR PAY” CLAUSES IN LNG SALES AND PURCHASE AGREEMENTS. JOURNAL OF RESEARCHES ENERGY LAW STUDIES, 2(2 ), 189-212. SID. https://sid.ir/paper/264306/en

Vancouver: Copy

EBRAHIMI SAYED NASROLLAH, DANAEI KIMIA. THE VALIDITY AND ENFORCEABILITY OF “TAKE OR PAY” CLAUSES IN LNG SALES AND PURCHASE AGREEMENTS. JOURNAL OF RESEARCHES ENERGY LAW STUDIES[Internet]. 2017;2(2 ):189-212. Available from: https://sid.ir/paper/264306/en

IEEE: Copy

SAYED NASROLLAH EBRAHIMI, and KIMIA DANAEI, “THE VALIDITY AND ENFORCEABILITY OF “TAKE OR PAY” CLAUSES IN LNG SALES AND PURCHASE AGREEMENTS,” JOURNAL OF RESEARCHES ENERGY LAW STUDIES, vol. 2, no. 2 , pp. 189–212, 2017, [Online]. Available: https://sid.ir/paper/264306/en

Related Journal Papers