Calculation of Speed Compensation (P/S). If the AAS for the Performance Period is less than the guaranteed speed specified in Schedule I (“GS”), Owner shall pay Charterer compensation (P/S) calculated as follows: P/S = (GS - AAS) x HS x DVC where DVC (the daily value constant per knot ) is calculated as follows: DVC = Average Hire Rate during the Specified Passage GS
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)
