Common use of Guaranteed Daily Fuel Consumption Clause in Contracts

Guaranteed Daily Fuel Consumption. (a) Owners guarantee that subject to the other provisions of Appendix C, the maximum daily fuel consumption of the Vessel for all purposes shall not exceed the quantities tabulated in Clause 26(e) and, where applicable shall be prorated between the speeds shown. (b) The average speed in knots on any Voyage (as defined in Article 4) shall be calculated by reference to the observed distance steamed and the duration of the Voyage, but excluding from the calculation of average speed the duration of all off-hire periods and distance covered in such periods and excluding the distance covered during any deviation which is not an off-hire period because the Vessel arrives On Time.

Appears in 5 contracts

Samples: LNG Time Charter Party (GasLog Partners LP), LNG Time Charter Party (GasLog Partners LP), Master Time Charter Party (GasLog Partners LP)

AutoNDA by SimpleDocs

Guaranteed Daily Fuel Consumption. (a) Owners guarantee Owner guarantees that subject to the other provisions of Appendix C, the maximum daily fuel Fuel consumption of the Vessel for all purposes shall not exceed the quantities tabulated in Clause 26(e29(e) and, where applicable shall be prorated pro-rated between the speeds shown. (b) The average speed in knots on any Voyage (as defined in Article 4) shall be calculated by reference to the observed distance steamed and the duration of the Voyage, but excluding from the calculation of average speed the duration of all off-off hire periods and distance covered in such periods and excluding the distance covered during any deviation which is not an off-off hire period because the Vessel arrives On Time.

Appears in 1 contract

Samples: Time Charterparty (Dynagas LNG Partners LP)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!