LNG Price definition

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 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).
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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 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.
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LNG Price is defined in Clause 40.8.
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Examples of LNG Price in a sentence

  • The total Boil-Off saved for any such period shall then be subtracted from the total excess Boil-Off in the same period and if the balance is positive Charterers may deduct from hire due under Clause 11 an amount calculated by multiplying the said balance by the LNG Price or, if more than one LNG Price is applicable during the Performance Period, the arithmetical average of such LNG Prices.

  • Owners have the option to retain up to 3000m3 of LNG heel at last discharge, such option to be declared prior to loading of the last cargo and to be priced at the LNG Price.

  • Charterer is to be compensated at the LNG Price for excess Boil-Off where actual Boil-Off exceeds the Boil-Off Warranty in Clause 22.4(b).

  • Such option to be exercised upon loading of last cargo and to be priced at the ex ship LNG Price in USD per mmBtu.

  • Such option to be exercised prior to loading of last cargo and to be priced at the ex ship LNG Price in USD per mmBtu.


More Definitions of LNG Price

LNG Price for delivery and redelivery means the LNG price obtained at the last discharge prior to delivery or redelivery, priced in United States dollars per MMBTU and for all other purposes means the Xxxxx Hub spot natural gas price in United States dollars per MMBTU at close of business on the last Working Day of the previous calendar month to the incident as determined in this Time Charter Party.
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LNG Price has the meaning set forth in Sub-Clause 9(1).
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LNG Price means United States Dollars. 861 “Service Speed” shall have the meaning ascribed to it in Appendix C, 862 Article 1. (a). 863 “Shell Group” means companies owned directly or indirectly by 864 Royal Dutch Shell plc. 865 Additional 51. Appendix A: Shell LNG Form B for the Vessel, as attached, shall be 866 Clauses incorporated herein. 867 Appendix B: Shell Safety and Environmental Monthly Reporting Template, 868 as attached, shall be incorporated herein. 869 Appendix C: Detailed Performance Criteria, as attached, shall be 870 incorporated herein. 871 SIGNED FOR OWNERS SIGNED FOR CHARTERERS 872 FULL NAME FULL NAME 873 WORKING COPY WORKING COPY POSITION POSITION 874
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LNG Price is defined in Clause 49.8.
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LNG Price has the meaning given to that expression in Clause 13.5(b).
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LNG Price means United States Dollars per mmBtu DES price for LNG at the last port of discharge based upon the composition of LNG at discharge in the currency of the invoice.
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LNG Price has the meaning set forth in clause 11.1.
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