Lightering definition
Examples of Lightering in a sentence
Lightering operations shall be conducted in compliance with all applicable Law, and in strict compliance with Seller’s HSE policy.
The cost of the Lightering may consist of a per Barrel transfer fee, fuel surcharge fee, Mother Vessel and service Vessel demurrage, any additional costs related to additional waiting time for a Mother Vessel, and/or additional inspection and analysis costs for Vessels at discharge.
Seller shall engage and maintain contract(s) with a company or companies which engage in and are approved and recognized for Lightering operations.
Lightering and Ship-to-Ship transfer operations shall be performed in accordance with, and meet or exceed, the standards in the latest OCIMF guidelines for Ship-to-Ship transfers.
Under the Supply Point Method, any additional costs, including, but not limited to, Lightering barges in the Delaware River, outturn losses and storage costs, between the pre-defined supply point and such Cargo’s Supply to the Refinery shall be determined in the same manner as for Cargoes delivered under the Execution Method.
The “Agreed Delivery Route” will define the salient factors attributable to that Cargo, including, but not limited to; (1) the Loading Terminal, (2) Vessel size, (3) transportation route and (4) any Lightering requirements.
From time to time throughout the term of this Agreement, Seller may enter into one or more additional term Lightering agreements (each, a “TLA”).
Lightering shall be conducted in accordance with the latest Oil Companies International Marine Forum, or OCIMF, guidelines for ship-to-ship transfers.
Lightering of the Vessel at the Delivery Port shall only be with the written consent of Seller which shall not be unreasonably withheld.
For example for a Urals Cargo, the Agreed Delivery Route might be: (1) Oil Loading Terminal to be Primorsk, (2) Cargo to be loaded on an Aframax vessel, (3) Vessel to be routed by the most expeditious method (always allowing for carrier’s safety requirements) to Bigstone Lightering Point, (4) where one or two Lightering Vessel(s) will be taken off prior to the mother Vessel Berthing at the Refinery.