Examples of Bunker oil in a sentence
Bunker oil is valued at the lower of cost (first-in, first-out method) and net realisable value and is charged to vessel operating costs whenever consumed.
Certificate of insurance or any other financial security in respect of civil liability for Bunker oil pollution damage (BUNKERS 2001 art.
Bunker oil, drilling fluid, and chemicals are excluded from the definition of petroleum under §1-6 a).
Unfortunately, despite the advent of compulsory pilotage in 2001 and the Great Barrier Reef and Torres Strait Vessel Traffic Service (REEFVTS), severe accidents still occur (See Shen Neng 1 below) and worse still, the recovery of reefs from ship groundings is often very slow and in many cases, can take decades.111 Bunker oil spillsOne of the worst examples of marine pollution occurs when bunker fuel or crude oil is spilled in quantity, devastating living organisms in the sea and along the coast.
Upon the exchange of National Welders preferred stock for Airgas common stock, National Welders became a 100% owned subsidiary of Airgas.
This remains an inadequate upper limit.118 Bunker oil spill: Pacific Adventurer The Pacific Adventurer lost overboard 31 containers holding ammonium nitrate119 off Cape Moreton,Queensland.
Bunker oil" is defined in article 1(5) of the Bunkers Convention to mean any hydrocarbon mineral oil, including lubricating oil, used or intended to be used for the operation or propulsion of the ship, and any residues of such oil.the precise forms of documents to be carried on board a ship, a definition of pollution damage or jurisdiction of courts.
Swap Bunker (oil): positions purchased in oil bunker, with the purpose of protecting logistics costs related to the see freight agreements.
Bunker oil is the fuel used to power ships (as opposed to oil carried as cargo), plus lubricating oils and residues.
Bunker oil, as defined by the International Conventional on Civil Liability for Bunker Oil Pollution Damage 2001 is “any hydrocarbon mineral oil, including lubricating oil, used or intended to be used for the operation or propulsion of the ship, and any residues of such oil.”89 Virtually all of the 5,674 international ships that visited Australia in 2014 carried bunker oil for their engines and other machinery.