Actual Laytime definition

Actual Laytime means the period of time (in hours) used in unloading an LNG Vessel, which commences at the commencement of Allowed Laytime under Clause 7.5.1 and shall continue to run until the FSRU’s unloading hoses and vapour return line are disconnected from the LNG Vessel, and the LNG Vessel is cleared for departure.
Actual Laytime as defined in Section 7.12.2;
Actual Laytime as defined in Paragraph 8.3 of Part A of Schedule 4; Adverse Weather Conditions: weather or sea conditions actually experienced at or near the Corpus Christi Facility (or Alternate Production Facility, as applicable) that are sufficiently severe: (i) to prevent an LNG Tanker from proceeding to berth, or loading or departing from berth, in accordance with one or more of the following: (a) regulations published by a Governmental Authority; (b) an Approval; or (c) an order of a Pilot; (ii) to cause an actual determination by the master of an LNG Tanker that it is unsafe for such LNG Tanker to berth, load, or depart from berth; or (iii) to prevent or severely limit the production capability of the Corpus Christi Facility (or Alternate Production Facility, as applicable); Affiliate: with respect to any Person, any other Person which directly or indirectly through one or more intermediaries controls, is controlled by or is under common control with such Person; for purposes of this definition, “control” (including, with correlative meanings, the terms “controlled by” and “under common control with”) means the direct or indirect ownership of more than fifty percent (50%) of the voting rights in a Person or the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of a Person, whether through the ownership of voting securities or otherwise; Agreement: this agreement, including the Schedules and Exhibits hereto, as the same may be amended, modified or replaced from time to time;

Examples of Actual Laytime in a sentence

  • The Actual Laytime shall continue to run until the (un)loading arms and return lines are disconnected and the LNG Ship is cleared for departure and able to depart.

  • If during a queuing event, as described in section 3.2 of the LNG Access Code, Terminal Operator causes a delay which results in the Actual Laytime to exceed the Allowed Laytime for an LNG Ship on the berth, then Terminal Operator shall pay the Demurrage Rate (pro-rated for any portion of a Day) for the delay to such LNG Ship and the delay to the next LNG Ship in the queue.

  • In the event Shipper causes the Actual Laytime to exceed the Allowed Laytime, Shipper shall pay, subject to GC 11.1.4 and GC 11.2.2, demurrage actually incurred by Terminal Operator for the next LNG Ship due to berth at the LNG Terminal at the Demurrage Rate (pro-rated for any portion of a Day).

  • In the event both Terminal Operator and Shipper are partly responsible for causing the Actual Laytime to exceed the Allowed Laytime in loading an LNG Ship, each Party shall pay the Demurrage Rate pro rata its portion of responsibility.


More Definitions of Actual Laytime

Actual Laytime means the period of time (in hours) used in unloading an LNG Vessel, which commences at the commencement of Allowed Laytime under GTC 8.5.1 and shall continue to run until the FSRU’s unloading hoses and vapour return line are disconnected from the LNG Vessel, and the LNG Vessel is cleared for departure.
Actual Laytime means the period of time commencing upon:

Related to Actual Laytime

  • Actual Uptime means, of the Total Operation Hours, the aggregate number of hours in any month during which each equipment is actually available for use.

  • Actual weight means the actual unladen weight of a vehicle or combination of

  • Actual/360 means that interest is calculated on the basis of the actual number of days elapsed in a year of 360 days.

  • Actual Shipments means volumes of Crude Petroleum that originate on the Pipeline at the Receipt Point and that are ultimately delivered at a Delivery Point. All volumes shall be measured at the Receipt Point.

  • Actual emissions means the actual rate of emissions in tpy of any regulated pollutant (for fee calculation) emitted from a Part 71 source over the preceding calendar year. Actual emissions shall be calculated using each emissions unit’s actual operating hours, production rates, in-place control equipment, and types of materials processed, stored, or combusted during the preceding calendar year.

  • Actual Minimum means, as of any date, the maximum aggregate number of shares of Common Stock then issued or potentially issuable in the future pursuant to the Transaction Documents, including any Underlying Shares issuable upon exercise in full of all Warrants, without giving effect to (x) any limits on the number of shares of Common Stock that may be owned by a Holder at any one time, or (y) any additional Underlying Shares that could be issuable as a result of any future possible adjustments made under Section 9(d).

  • Projected actual emissions means the maximum annual rate, in tons per year, at which an existing emissions unit is projected to emit a regulated NSR pollutant in any one of the 5 years (12-month period) following the date the unit resumes regular operation after the project, or in any one of the 10 years following that date, if the project involves increasing the emissions unit’s design capacity or its potential to emit that regulated NSR pollutant, and full utilization of the unit would result in a significant emissions increase, or a significant net emissions increase at the major stationary source.

  • Baseline actual emissions means the rate of emissions, in tons per year, of a regulated NSR pollutant, as determined in accordance with paragraphs (i) through (iv) of this definition.

  • Actual consumption means the measured consumption by a customer of a municipal service;

  • Actual/365 (Fixed) means the actual number of days in the Interest Period divided by 365.

  • Actual miles means the actual distance a vehicle has traveled while in operation.

  • actual carrier means a person, other than the contracting carrier, who, by virtue of authority from the contracting carrier, performs the whole or part of the carriage contemplated in paragraph (b) but who is not with respect to such part a successive carrier within the meaning of the Warsaw Convention. Such authority is presumed in the absence of proof to the contrary.

  • Gross laden weight means the actual weight of a vehicle or combination of

  • Actual service means the total straight-time pay hours accumulated in a title. The first 240 hours per year of authorized unpaid time off for non- disciplinary reasons shall not be deducted from actual service.

  • Actual Cost means the cost of depleted supplies, records storage media costs, actual mailing and alternative delivery costs, or other transmitting costs, and any direct equipment operating and maintenance costs, including actual costs paid to private contractors for copying services.

  • Actual/Actual means interest or any other relevant accrual factor shall be calculated in accordance with the definition of “Actual/Actual” adopted by the International Securities Market Association (“Actual/Actual (ISMA)”), which means a calculation on the basis of the following:

  • Gross Standard Volume as herein used means volume corrected to a temperature of sixty degrees (60°) Fahrenheit, in accordance with the latest API/ASTM measurement standards, and at equilibrium vapor pressure.

  • Daytime means the period between sunrise and sunset.

  • Gross weight means the aggregate weight of a vehicle or combination of vehicles and the load

  • gross tonnage means the gross tonnage calculated in accordance with the tonnage measurement regulations contained in Annex I to the International Convention on Tonnage Measurement of Ships, 1969 or any successor Convention.

  • Peak tube potential means the maximum value of the potential difference across the x-ray tube during an exposure.

  • Actual QP Rate of Pay means the rate of pay which will be paid to the Agency Worker if and when s/he completes the Qualifying Period, as set out in any variation to the relevant Assignment Details Form;

  • CAISO Revenues means the credits, fees, payments, revenues, interest or similar benefits, including imbalance energy payments, that are directly assigned by the CAISO to the CAISO Global Resource ID for the Generating Facility for, or attributable to, Scheduling or deliveries from the Generating Facility under this Agreement.

  • Normal Minimum Generation means the lowest output level of a generating resource under normal operating conditions.

  • Sales Tax Revenues means taxes collected under the Virginia Retail Sales and Use Tax Act

  • Actual Costs means any costs, direct losses and expenses (including any loss of revenue) reasonably incurred or reasonably expected to be incurred by the Train Operator including those attributable to limb (f) of a Category 3 Disruption and any increase in Variable Costs but net of: