Used Laytime definition

Used Laytime has the meaning given in Clause 7.16; and

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Used Laytime has the meaning specified in Paragraphs 5.1 of Schedule C and 5.1 of Schedule D (as applicable).

Used Laytime has the meaning specified in Paragraphs 21.1 of Schedule C and 28.1 of Schedule D (as applicable).

Examples of Used Laytime in a sentence

• Used Laytime shall continue until such documents and/or clearances have been provided to the Vessel by Seller or Seller’s supplier(s).

• If the LNG Ship tenders a valid NOR outside the applicable Arrival Window, while Seller shall exercise reasonable endeavours to berth the LNG Ship as soon as possible, Used Laytime shall only commence once the LNG Ship is all fast at the berth.

• If the LNG Ship tenders a valid NOR outside the applicable Arrival Window, while Buyer shall exercise reasonable endeavours to berth the LNG Ship as soon as possible, Used Laytime shall only commence once the LNG Ship is all fast at the berth.

• Subject to Clause 12.3, Allowed Laytime shall commence at the start of Used Laytime as determined in accordance with Clause 12.1.

• Used Laytime shall however recommence two (2) hours after Completion of Unloading if the LNG Vessel is delayed in its departure due to Buyer's purposes and shall continue until the termination of such delay.

• The Laytime used to unloading an LNG Vessel ("Used Laytime") shall commence upon the earlier of: (i) the LNG Vessel is all fast at the berth, (ii) six (6) hours after a Notice of Readiness is given (provided the LNG Vessel gives a Notice of Readiness within the applicable Delivery Window) and ends when the last Unloading Arm is disconnected and the LNG Vessel is cleared for departure and may depart.

• Used Laytime shall however recommence two (2) hours after Completion of Loading if the LNG Vessel is delayed in its departure due to the Seller’s purposes and shall continue until the termination of such delay.

• If the LNG Carrier is delayed in the commencement of unloading (for reasons attributable to Buyer or the Terminal Operator) and if as a result thereof Used Laytime exceeds Allowed Laytime (ignoring any extension under Clause 12.3), then Buyer shall pay to Seller an amount, to compensate Seller for additional boil-off from the approved LNG Carrier, equal to the Contract Price for the relevant Cargo multiplied by the amount (in MMBtu) of such additional boil-off.

• Any claim for amounts owed pursuant to Clause B.10 or Clause B.11 (in the case of an FOB Sale) or pursuant to Clause C.10 or Clause C.11 (in the case of an Ex-Ship Sale), will be time barred if the Party to which any amount is owed thereunder fails to provide to the other Party a fully documented invoice within ninety (90) Days after the completion of the Used Laytime for such LNG Cargo.

More Definitions of Used Laytime

Used Laytime has the meaning set forth in Sub-Clause 6(8).

Used Laytime means the period of time, stated in hours, that begins and ends as follows: 8.2.1 Used Laytime begins when the NOR becomes effective pursuant to Clause B.7. 8.2.2 Used Laytime ends when all loading and return lines have been disconnected, and the LNG Tanker’s master has received all necessary clearances to depart from the Loading Port. 8.2.3 Reasonable actual transit time (taking into consideration current conditions in the approach channel of the Loading Port and the size of the LNG Tanker) required to move the LNG Tanker from the PBS (upon receipt of Buyer’s authorization to proceed to berth) to “all fast” and cleared by Governmental Authorities to commence loading up to the time the first marine loading arm is connected to the LNG tanker’s manifold will not count as Used Laytime; but any time following the effectiveness of NOR during which the LNG Tanker (a) waits for Seller or Seller’s Operator to notify the LNG Tanker to proceed to berth; or (b) is delayed in transit from the PBS to the berth, will count as Used Laytime.

Used Laytime has the meaning specified in Clause B.8.2 (in respect of FOB Sales) or Clause C.8.2 (in respect of Ex-Ship Sales).

Used Laytime has the meaning specified in Annexure B, Article B 3.1(c).

Used Laytime has the meaning, in the case of an FOB delivery, specified in Section 5.1 of Exhibit B and, in the case of a DES delivery, Section 5.1 of Exhibit C.