Vessel Experience Factor definition

Vessel Experience Factor means the factor calculated as per API MPMS
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Vessel Experience Factor or "VEF" means the factor that aims to correct the measurement of the quantity on board due to uncertainties in its tonnage table. It is a compilation of the vessel's TCV measurement history adjusted to the quantity on board before loading (On Board Quantity - OBQ) compared to TCV measurements, measured onshore or measured using calibrated flowmeters. The VEF must be calculated according to the API MPMS 17.9 standard.
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Vessel Experience Factor or "VEF" means a factor based on the compilation of the history of the total calculated volume vessel measurements, adjusted for on-board quantity or remaining on board, compared with the total calculated volume shore measurements.
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Examples of Vessel Experience Factor in a sentence

  • Where no shore measurements are available, the gross quantity of the Product shall be determined, when applicable, by the independent inspector by reference to the Vessel´s loaded figures as adjusted by its Vessel Experience Factor ("VEF") in accordance with VEF Addendum to API MPMS Chapter 17.1.

  • The X Inspector reports on the history of cargo loaded, calculates Vessel Experience Factor on the basis of qualified voyages undertaken by the vessel in the past to calculate difference in actual bill of lading and delivery.

  • A smaller percentage however may be relevant, and in this regard reference should be made to the Vessel Experience Factor (VEF).

  • Industrialised production is just beginning again in Koidu and Seffadu.

  • If the independent inspector determines shore quantities to be inaccurate or not representative of the volume of cargo transferred, quantity shall be based on the volumes as determined from measurements of the Vessel before and after the transfer and adjusted for the Vessel’s Vessel Experience Factor (“VEF”) determined in accordance with the API standards then in effect.

  • If the independent inspector determines shore quantities to be inaccurate or not representative of the volume of cargo transferred, quantity shall be based on the volumes as determined from measurements of the Vessel before and after loading and adjusted for the Vessel’s Vessel Experience Factor (“VEF”) determined in accordance with the API standards then in effect.

  • Hos 1-3; Is 54; Eph 5:21-33) and, at the same time, as a service to life[214].


More Definitions of Vessel Experience Factor

Vessel Experience Factor or “VEF” means a compilation of the history of the total calculated volume vessel measurement, adjusted for onboard quantity or remaining onboard, to the total calculated volume shore measurements.
Sample 1Sample 2Sample 3
Vessel Experience Factor or “VEF” means the factor that aims to correct the measurement of the quantity on board due to uncertainties in its tonnage table. It is a compilation of the vessel's TCV measurement history adjusted to the quantity on board before loading (On Board Quantity
Sample 1

Related to Vessel Experience Factor

  • Experience period means the most recent period of time for which experience is reported, but not for a period longer than three (3) full years. (7-1-93)

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  • Power Factor means the ratio of usage power measured in kW to total power measured in kVA;

  • Performance Factors means any of the factors selected by the Committee and specified in an Award Agreement, from among the following objective measures, either individually, alternatively or in any combination, applied to the Company as a whole or any business unit or Subsidiary, either individually, alternatively, or in any combination, on a GAAP or non-GAAP basis, and measured, to the extent applicable on an absolute basis or relative to a pre-established target, to determine whether the performance goals established by the Committee with respect to applicable Awards have been satisfied:

  • Fit factor means a quantitative estimate of the fit of a particular respirator to a specific individual, and typically estimates the ratio of the concentration of a substance in ambient air to its concentration inside the respirator when worn.