Common use of Determination of Actual Fuel Consumption Clause in Contracts

Determination of Actual Fuel Consumption. At the completion of each Performance Period, Charterer shall compute the actual fuel consumption (“AFC”) for the Performance Period as follows: ***** where: ***** ***** ***** where: BOE = ***** metric tons of fuel oil per cubic meter of LNG (as adjusted in accordance with Article 17). ***** ***** where: THP = the cumulative total hours steamed on all Passages during the Performance Period. THV = the cumulative total hours steamed on all Voyages during the Performance Period. BOVT = the total volume of boil-off in cubic meters between custody transfers measurements for the Performance Period being the sum of boil-off volumes for Laden Voyages (“BOVL”) and Ballast Voyages (“BOVB”), separately determined as follows: (i) BOVL is the quantity of LNG boil-off in respect of each laden voyage, being the difference between the quantity of LNG recorded at the custody transfer measurement at the loading port after completion of loading, and the quantity of LNG recorded at the custody transfer measurement recorded on arrival at the discharge port prior to discharge cumulated for all Laden Voyages during the Performance Period; and (ii) BOVB is the quantity of LNG boil-off in respect of each ballast voyage, the difference between the quantity of LNG recorded at the custody transfer measurement at the discharge port after completion of discharging, and the quantity of LNG recorded at the custody transfer measurement recorded on arrival at the loading port prior to loading cumulated for all Ballast Voyages during the Performance Period. OH = The amount of fuel oil and boil-off gas paid for by Owner during periods of Off-Hire.

Determination of Actual Fuel Consumption. At the completion of each Performance Period, Charterer shall compute the actual fuel consumption (“AFC”) for the Performance Period as follows: ***** where: ***** ***** ***** where: BOE = ***** metric tons of fuel oil per cubic meter of LNG (as adjusted in accordance with Article 17Error! Reference source not found.). ***** ***** where: THP = the cumulative total hours steamed on all Passages during the Performance Period. THV = the cumulative total hours steamed on all Voyages during the Performance Period. BOVT = the total volume of boil-off in cubic meters between custody transfers measurements for the Performance Period being the sum of boil-off volumes for Laden Voyages (“BOVL”) and Ballast Voyages (“BOVB”), separately determined as follows: (i) BOVL is the quantity of LNG boil-off in respect of each laden voyage, being the difference between the quantity of LNG recorded at the custody transfer measurement at the loading port after completion of loading, and the quantity of LNG recorded at the custody transfer measurement recorded on arrival at the discharge port prior to discharge cumulated for all Laden Voyages during the Performance Period; and (ii) BOVB is the quantity of LNG boil-off in respect of each ballast voyage, the difference between the quantity of LNG recorded at the custody transfer measurement at the discharge port after completion of discharging, and the quantity of LNG recorded at the custody transfer measurement recorded on arrival at the loading port prior to loading cumulated for all Ballast Voyages during the Performance Period. OH = The amount of fuel oil and boil-off gas paid for by Owner during periods of Off-Hire.

Determination of Actual Fuel Consumption. At the completion of each Performance Period, Charterer shall compute the actual fuel consumption (“AFC”) for the Performance Period as follows: ***** where: ***** ***** ***** where: BOE = ***** metric tons of fuel oil per cubic meter of LNG (as adjusted in accordance with Article 17Error! Reference source not found.). ***** ***** where: THP = the cumulative total hours steamed on all Passages during the Performance Period. THV = the cumulative total hours steamed on all Voyages during the Performance Period. BOVT = the total volume of boil-off in cubic meters between custody transfers measurements for the Performance Period being the sum of boil-off volumes for Laden Voyages (“BOVL”) and Ballast Voyages (“BOVB”), separately determined as follows: (i) BOVL is the quantity of LNG boil-off in respect of each laden voyage, being the difference between the quantity of LNG recorded at the custody transfer measurement at the loading port after completion of loading, and the quantity of LNG recorded at the custody transfer measurement recorded on arrival at the discharge port prior to discharge cumulated for all Laden Voyages during the Performance Period; and (ii) BOVB is the quantity of LNG boil-off in respect of each ballast voyage, the difference between the quantity of LNG recorded at the custody transfer measurement at the discharge port after completion of discharging, and the quantity of LNG recorded at the custody transfer measurement recorded on arrival at the loading port prior to loading cumulated for all Ballast Voyages during the Performance Period. OH = The amount of fuel oil and boil-off gas paid for by Owner during periods of Off-Hire.

Determination of Actual Fuel Consumption. At the completion of each Performance Period, Charterer shall compute the actual fuel consumption (“AFC”) for the Performance Period as follows: ***** where: ***** ***** ***** where: BOE = ***** metric tons of fuel oil per cubic meter of LNG (as adjusted in accordance with Article 17). ***** ***** where: THP = the cumulative total hours steamed on all Passages during the Performance Period. THV = the cumulative total hours steamed on all Voyages during the Performance Period. BOVT = the total volume of boil-off in cubic meters between custody transfers measurements for the Performance Period being the sum of boil-off volumes for Laden Voyages (“BOVL”) and Ballast Voyages (“BOVB”), separately determined as follows: (i) BOVL is the quantity of LNG boil-off in respect of each laden voyage, being the difference between the quantity of LNG recorded at the custody transfer measurement at the loading port after completion of loading, and the quantity of LNG recorded at the custody transfer measurement recorded on arrival at the discharge port prior to discharge cumulated for all Laden Voyages during the Performance Period; and (ii) BOVB is the quantity of LNG boil-off in respect of each ballast voyage, the difference between the quantity of LNG recorded at the custody transfer measurement at the discharge port after completion of discharging, and the quantity of LNG recorded at the custody transfer measurement recorded on arrival at the loading port prior to loading cumulated for all Ballast Voyages during the Performance Period. OH = The amount of fuel oil and boil-off gas paid for by Owner during periods of Off-Hire.