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Common use of Boil-Off Clause in Contracts

Boil-Off. Owner covenants that the boil-off per day during laden and ballast voyages shall not exceed the percent of the Vessel’s cargo tank capacity specified in Schedule I. Charterer shall be compensated by Owner for any failure to comply with said covenant in accordance with Schedule II. Consistent with Charterer’s instructions, Owner shall use its best efforts to minimize boil-off. Charterer may, at its option, require a greater boil-off (within the capability of the Vessel and subject to considerations of safety as determined by the Master) by so informing the Master and Owner.

Appears in 4 contracts

Samples: LNG Regassification Vessel Time Charter Party (Exmar Energy Partners LP), LNG Regassification Vessel Time Charter Party (Exmar Energy Partners LP), LNG Regassification Vessel Time Charter Party (Exmar Energy Partners LP)

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