Offshore unit definition

Offshore unit means any fixed or floating offshore installation or structure engaged in gas or oil exploration, exploitation or production activities, or loading or unloading of oil;

Offshore unit means a unit or department of a licensed commercial bank or a licensed specialized bank carrying on banking business, subject to the provisions of Part IV of the Banking Act, No. 30 of 1988, dealing with Offshore Banking ;

Examples of Offshore unit in a sentence

Improved technology has made turbines and blades ever more efficient, and digitally operated to optimize performance.The company’s Offshore unit develops the world’s most sophisticated turbines, thereby ensuring it continues to be ranked as the number one option for offshore wind.
Offshore unit: Installations and equipment for petroleum activity, but not supply- and auxiliary vessels, or petroleum bulk carriers.
Therefore, the Offshore unit falling under jurisdiction of UT (Other Territory beyond 12 NM) procures goods under its GST Registration and directs the suppliers to deliver the goods at Onshore Storage Location (Nhava) falling under jurisdiction of Maharashtra.
At present Bank Asia has 114 branches, 5 islamic windows.6 SME service centers, 1 Off-shore unit and 3 subsidiaries.
Surveys are to be carried out in accordance with the TL Rules, except that in the case of Mobile Offshore unit, due to low running hours on tailshafts propeller shaft, extended intervals between tailshaft propeller shaft surveys may be considered based on: - Satisfactory diver's external examination of stern bearing and outboard seal area including weardown check as far as is possible.

More Definitions of Offshore unit

Offshore unit means any vessel, offshore installation, structure and/or mobile unit used in offshore exploration, construction, pipe-laying or repair, exploitation or production.

Offshore unit means any platforms and other manmade offshore structures, fixed or floating offshore installations or structure engaged in exploration, exploitation or production activities related to hydrocarbon resources or their loading or unloading;

Offshore unit means a unit or department of a licensed

Offshore unit means any shuttle tanker, floating production, storage and offloading unit, floating, storage and offtake unit, unit for maintenance and safety, towing and offshore installation vessel, conventional tanker, other vessel and any other infrastructure- or sustainability-linked unit or vessel, whose primary purpose is the storage, transportation, utilization, processing, development or exploration and/or production (or services and/or support to the same) of crude oil, hydrocarbons, advanced fuels, renewable energy, ammonia, hydrogen, carbon mitigation, fuel cells, other infrastructure or sustainability-linked products and similar products or technologies, in each case together with all related spares, equipment and any additions or improvements thereto. “Offshore Unit Value” means, with respect to each Offshore Unit or group of Offshore Units, (i) with respect to the acquisition or construction of any such Offshore Unit or group of Offshore Units, the greater of (x) the aggregate contract price for the acquisition or construction of such Offshore Unit or group of Offshore Units (or the acquisition of the Capital Stock of any Person the assets of which primarily consist of such Offshore Unit or group of Offshore Units), as applicable, plus any Ready for Sea Costs with respect to such Offshore Unit or group of Offshore Units and (y) the Appraised Value of such Offshore Unit or group of Offshore Units immediately after such acquisition or construction; and (ii) with respect to the refurbishment, redeployment, recontracting, contracting or extending of a contract of any such Offshore Unit or group of Offshore Units, the greater of (a) the Appraised Value of such Offshore Unit or group of Offshore Units and (b) the fully built-up cost (actual or forecast) of such Offshore Unit or group of Offshore Units; in each case immediately after completion of such refurbishment, redeployment, recontracting, contracting or extension. “Opinion of Counsel” means an opinion from legal counsel, who is reasonably acceptable to the Trustee, that meets the requirements of Section 12.04, who may be an employee of or counsel to the Company or any Subsidiary of the Company. “Parent Guarantee” means the guarantee of the obligations of the Company under this Indenture and the Notes by the Parent Guarantor in accordance with the provisions of this Indenture. “Participant” means, with respect to the Depositary, a Person who has an account with the Depositary (and, with respect to DTC, shal...

Offshore unit means any shuttle tanker, floating production, storage and offloading unit, floating, storage and offtake unit, unit for maintenance and safety, towing and offshore installation vessel, conventional tanker and other vessel, whose primary purpose is the storage, transportation, processing and exploration and production for crude oil or hydrocarbons, in each case together with all related spares, equipment and any additions or improvements thereto.

Offshore unit is defined for the purposes of this Charter Party as any vessel, offshore installation, structure and/or mobile unit used in offshore exploration, construction, pipelaying or repair, exploitation or production.

Offshore unit means one or more jack-up rigs or tender rigs or other drilling vessels or any other offshore vessels (including pipe-laying supply vessels) that are used or useful in the business of the Issuer and its Subsidiaries and which are owned by and registered in the name of (or subject to a sale and leaseback transaction in favour of) the Issuer or any of its Subsidiaries, in each case together with all related spares, stores, equipment and any additions or improvements.

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