Means any loss, damages, costs, expenses or liabilities caused (directly or indirectly) by any of the following arising out of, relating to, or connected with a JOA agreement or the operations carried out under the JOA such as (i) reservoir or formation damage; (ii) inability to produce, use or dispose of Petroleum; (iii) loss or deferment of income or profit; (iv) business interruption, (v) punitive damages; or (vi) other indirect damages or losses whether or not similar to the foregoing.