LNG Heel definition

LNG Heel means cargo retained in the cargo tanks on completion of discharge.

LNG Heel means liquid cargo retained in the cargo tanks on completion of discharge.

LNG Heel means the quantity of LNG to be retained by the FSRU for continuity of FSRU operations.

Examples of LNG Heel in a sentence

• The Master shall provide an On-Hire and Off-Hire Certificate containing the ROB numbers for bunkers and LNG Heel upon both delivery and redelivery of the Vessel.

• Contractor and Customer shall agree, from time to time based on current experience, the quantity of LNG Heel to be retained on board following regasification of LNG for the purpose of cooling, which shall not be less than the Minimum Heel Inventory.

• Notwithstanding anything contained in this Agreement, all bunkers and LNG Heel on board the Vessel shall, throughout the Term, remain the property of Lessee and can only be purchased on the terms specified in this Agreement at the end of the Term or, if earlier, at the termination of this Agreement.

• Where, under this Agreement, either Contractor or Customer are required to pay for or reimburse the other Party for the value of LNG Heel or natural gas vapours, the transfer price shall be the ex-ship price for such LNG in USD per MMBtu, as stipulated in the applicable LNG purchase and sale agreement to which such LNG or natural gas vapours relate (the "LNG Price").

More Definitions of LNG Heel

LNG Heel means LNG retained in the cargo tanks of the Vessel;

LNG Heel means the quantity of LNG to be retained by the LNG Carrier after unloading each Cargo at the Receiving Facilities as notified from Seller to Buyer in accordance with the relevant Confirmation Notice.

LNG Heel means the quantity of LNG necessary to be retained in the cargo tanks of the Vessel for operational reasons for the purpose of keeping such tanks cool.

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.

LNG Heel. LNG retained in the cargo tanks of the Vessel after completion of unloading of LNG or sending out of regasified LNG.

LNG Heel has the meaning given to it in the Charter Agreement.

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).