Common use of GUARANTEED FUEL CONSUMPTION Clause in Contracts

GUARANTEED FUEL CONSUMPTION. The limits set forth in the following table containing ship speeds and equivalent fuel consumption up to and including ***** shall be applied for each Passage (as defined in paragraph 1 of Schedule II) and the results accumulated and the compensation, if any, assessed on an annual basis. Guaranteed fuel consumption for a Passage shall be determined based on the average speed of that Passage by straight line interpolation from the above table. Calculations and determinations in respect of the guaranteed fuel consumption shall be made in accordance with paragraph 4.2 of Schedule II. Consumption for propulsion purposes and operating necessary auxiliaries (air conditioner, distilling plant, galley equipment, boiler blowdown operations, cargo machinery, fuel oil tanks heating, etc.) is based on fuel oil with high calorific value of 10,280 Kcal/Kg (Maximum viscosity: 3000 second redwood no. 1 at 38°C) and/or boil-off gas equivalent. Consumption of inert gas generator shall be less than ***** MT/hour of G.O. or D.O.