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 Error! 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:

Appears in 1 contract

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

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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 Error! Reference source not found.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:

Appears in 1 contract

Samples: Exmar Energy Partners LP

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 Error! 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:

Appears in 1 contract

Samples: Exmar Energy Partners LP

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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 Error! Reference source not found.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:

Appears in 1 contract

Samples: Technology License Agreement (Exmar Energy Partners LP)

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