We use cookies on our site to analyze traffic, enhance your experience, and provide you with tailored content.

For more information visit our privacy policy.

Allowed Laytime definition

Allowed Laytime has the meaning given in Clause 7.5.1. “Allowed Unloading Time” has the meaning given in Clause 7.6.1. “Ancillary Services” has the meaning given in Clause 3.2.1.
Allowed Laytime means laytime at the Loading Port (in the case of an FOB delivery, and laytime at the Discharge Port (in the case of a DAP delivery)), in each case as specified in the Confirmation Notice.
Allowed Laytime as defined in Section 7.13.2(a);

Examples of Allowed Laytime in a sentence

  • Bidders shall submit their Bids on the basis of the Allowed Laytime (as defined in the MSPA) of 36 hours.

  • For the purposes of Clause 6.2 , the Allowed Laytime shall be extended for the duration of any of (i) – (iii) above.

  • For the purposes of Clause 6.3, the Allowed Laytime shall be extended for the duration of any of (i) – (iii) above.

  • Allowed Laytime for an LNG Vessel shall commence once it is safely berthed (all fast) alongside the FSRU.

  • If the volume of LNG to be unloaded is greater than one hundred sixty-six thousand seven hundred cubic meters (166,700 m3), subject to Clause 7.5.2, the Allowed Laytime shall be thirty-six (36) hours plus one (1) hour per additional six thousand cubic meters (6,000 m3) (or pro rata for any part of an additional six thousand cubic meters (6,000 m3)).


More Definitions of Allowed Laytime

Allowed Laytime has the meaning set forth in Section 4.5(a).
Allowed Laytime means the period of time which Seller shall be allowed, in accordance with Article 5.3, to complete the loading of a vessel without incurring demurrage;
Allowed Laytime means, with respect to each LNG Cargo under a Transaction, the time period specified in or determined under the relevant Confirmation Notice in respect of such LNG Cargo, as such time period may be extended under Clause 7.17;
Allowed Laytime has the meaning set forth in Sub Clause 7(1.2) or Sub Clause 7(2.3) as the case may be.
Allowed Laytime means the number of consecutive hours as set forth in the applicable Confirmation Notice agreed by the Seller and the Buyer to: berth; and load or unload; an LNG Cargo at the Transfer Port.
Allowed Laytime has the meaning set forth in Section 7.1 of the Base Agreement.
Allowed Laytime means the allotted unloading time as set forth in the Confirmation Memorandum. Allowed Laytime shall be extended as reasonably required to overcome delays in the unloading of the LNG Cargo due to any of the following: 8.1.1 reasons attributable to Seller; the LNG Tanker; the master, crew, owner or operator of such LNG Tanker; or any provider of Marine Services or other services for which the LNG Tanker or Seller is responsible; 8.1.2 reasons attributable to a Governmental Authority (including Government Authority-mandated repairs to an LNG Tanker at the berth) except where the reason for the delay was within Buyer’s or Buyer’s Operator’s reasonable control;