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).

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.

LNG Price is defined in Clause 40.8.

Examples of LNG Price in a sentence

• 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).

• The Customer shall be compensated according to the LNG Price, when the actual Boil-Off exceeds the Boil-off Warranty, described under item 7 (h) of Annex A of the Bareboat Charter (the “Boil-Off Warranty”).

• Based on monthly reconciliations, if the Performance Period Actual Fuel Consumption (as defined in Schedule VII) exceeds the Performance Period Guaranteed Fuel Consumption (as defined in Schedule VII), Contractor shall pay Customer for any excess fuel gas consumption at the LNG Price as provided in Clause 17.1.

• If, in any Performance Period, for reasons other than a Company Risk Event or Force Majeure the Performance Period Actual Fuel Consumption exceeds the Performance Period Guaranteed Fuel Consumption, Owner shall pay to Company the amount equal to the aggregate amount of that excess (in MMBtu) multiplied by the average LNG Price for the relevant period (and sums payable under this paragraph shall be referred to as “Fuel Consumption Warranty Compensation”).

• 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 Price

LNG Price has the meaning given to that expression in Clause 13.5(b).

LNG Price has the meaning set forth in Sub-Clause 9(1).

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 SHELL LNG FORM B - PARTICULARS OF VESSEL

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.

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.

LNG Price is defined in Clause 49.8.

LNG Price has the meaning set forth in clause 11.1.