LNG Heel definition

LNG Heel means cargo retained in the cargo tanks on completion of discharge.
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LNG Heel means cargo retained in the cargo tanks of the Vessel on completion of discharge.
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LNG Heel means the quantity of LNG to be retained by the FSRU for continuity of FSRU operations.
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Examples of LNG Heel in a sentence

  • In the event the last discharge port rules forbid Charterers to heel out, any LNG Heel remaining onboard the Vessel will be purchased by the Owner at one half (1/2) the Fuel Oil Equivalency price or one half (1/2) the Charterers ex-ship LNG price, whichever is lower.

  • In the case Owners do not wish to retain any LNG Heel, the Vessel shall be instructed to heel out.

  • Any LNG Heel retained onboard after completion of discharge as a result of unpumpable quantities or the Terminal’s instructions to complete discharge shall be kept by Owners free of costs.

  • Where, due to the off-hire occurring during a ballast passage, all LNG Heel is lost as Boil-Off prior to the Vessel next commencing to load, such Boil-Off shall be deemed to have occurred at a constant rate equal to that which occurred during the Vessel’s last previous ballast voyage.

  • The cost of all fuels, LNG Heel or vapour lost or consumed while the Vessel is off-Hire hereunder, as well as all port charges, pilotage, and other expenses incurred by the Vessel during such period or consequent to the putting into any port or place other than that to which the Vessel is bound, shall be borne by Contractor.


More Definitions of LNG Heel

LNG Heel means LNG retained in the cargo tanks of the Vessel;
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LNG Heel means, with respect to a given LNG Cargo, the volume or quantity of LNG specified as such in the applicable Confirmation Notice that may be retained by the LNG Vessel after the discharge.
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LNG Heel means, with respect to a given Cargo, the volume of LNG heel specified as such in the Confirmation Notice to be retained by the Vessel after discharge.
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LNG Heel has the meaning given to it in the Charter Agreement.
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LNG Heel means 10,000 m3, which is the LNG required to be retained in the FSRU’s cargo tanks to keep such tanks cool and ready for storage;
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LNG Heel means the amount of LNG actually on board an LNG Tanker prior to loading of LNG Cargo (in the case of FOB Sales) or retained by an LNG Tanker after completion of unloading of the LNG Cargo at the Buyer’s Facilities (in the case of Ex-Ship Sales).
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LNG Heel means cargo retained in the cargo tanks on completion of discharge. "LNG Price" means the ex-ship price of LNG in USD/mmBtu at the port where the LNG was retained, based upon composition of LNG at discharge; except for LNG supplied for gassing up or cool down at a loading port, and for excess LNG boiled off on ballast leg, where the price will be based on the price charged by the terminal for cool down LNG. "Service Speed" shall have the meaning ascribed to it m Appendix C, Article 1.
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