Final Voyage Sample Clauses

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Final Voyage. If when a payment of hire is due hereunder Charterers reasonably expect to redeliver the Vessel before the next payment of hire would fall due, the hire to be paid shall be assessed on Charterers’ reasonable estimate of the time necessary to complete Charterers’ programme up to redelivery, and from which estimate Charterers may deduct amounts due or reasonably expected to become due for: (a) disbursements on Owners behalf or charges for Owners’ account pursuant to any provision hereof, and (b) bunkers and LNG Heel on board at redelivery pursuant to Clause 5, promptly, and in any event not later than thirty (30) days after redelivery any overpayment shall be refunded by Owners or any underpayment made good by Charterers. Notwithstanding the provisions of Clause 7, if at the time this Charter would otherwise terminate in accordance with Clause 3 the Vessel is on a ballast voyage to a port of redelivery or is upon a laden voyage, Charterers shall continue to have the use of the Vessel at the same rate and conditions as stand herein for as long as necessary to complete such ballast voyage, or to complete such laden voyage at service speed and return to a port of redelivery as provided by this Charter, as the case may be.
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Final Voyage. If when a payment of hire is due hereunder Charterers reasonably expect to redeliver the vessel before the next payment of hire would fall due, the hire to be paid shall be assessed on Charterers’ reasonable estimate of the time necessary to complete Charterers’ programme up to redelivery, and from which estimate Charterers may deduct amounts due or reasonably expected to become due for:
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Final Voyage. If when a payment of hire is due hereunder charterers reasonably expect to redeliver the vessel before the next payment of hire would fall due, the hire to be paid shall be assessed on charterers' reasonable estimate of the time necessary to complete charterers' programme up to redelivery, and from which estimate charterers may deduct amounts due or reasonably expected to become due for; (a) Disbursements on owners' behalf or charges for owners' account pursuant to any provision hereof, and; (b) (Bunkers on board at redelivery pursuant to clause 15.) promptly after redelivery any overpayment shall be refunded by owners or any under payment made good by charterers. If at the time this charter would otherwise terminate in accordance with clause 4 the vessel is on a ballast voyage to a port of redelivery or is upon a laden voyage, charterers shall continue to have the use of the vessel at the prevailing market rate or existing cp rate whichever is higher for such overrun period and conditions as stand herein for as long as necessary to complete such ballast voyage, or to complete such laden voyage and return to a port of redelivery as provided by this charter, as the case may be provided always that charterer shall not commence a voyage which, by reasonable estimation at the time of fixing, would exceed the maximum term of this charter.
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Final Voyage. Should the Vessel be on a voyage laden with Shipper's Cargo upon the expiry of the term of this Contract, Carrier's obligation to provide the service contracted for herein shall continue at the same rate and conditions for such extended time as may be necessary for the completion of the delivery of Shipper's Cargo.
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Final Voyage. 2 2. VESSELS............................................................................................... 2
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Final Voyage. (a) If, when a payment of hire is due hereunder, Charterer reasonably expects to redeliver the Vessel before the next payment of hire would fall due, the hire to be paid shall be assessed on Charterer’s reasonable estimate of the time necessary to complete Charterer’s program up to Redelivery, and from which estimate Charterer may deduct amounts due or reasonably expected to become due for: (i) disbursements on Owner’s behalf or charges for Owner’s account pursuant to any provision hereof; and (ii) bunkers, LNG, and marine gas oil on board at Redelivery pursuant to Clause 18. Within ***** days after Redelivery any overpayment shall be refunded by Owner or any underpayment made good by Charterer. (b) If, at the time this Charter would otherwise expire or terminate in accordance with Clauses 5 and 6, the Vessel is on a ballast voyage to a port of redelivery or is upon a laden voyage, Charterer shall continue to have the use of the Vessel at the same rate and conditions as then in effect herein for as long as necessary to complete such ballast voyage, or to complete such laden voyage and return to a port of redelivery as provided by this Charter, as the case may be.
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Final Voyage. Should the vessel be on her voyage towards the port of redelivery at the time of payment of hire is due, payment of hire shall be made for such length of time as Owners and Charterers may agree upon as being estimated time necessary to complete the voyage, less any disbursements made or expected to be made or expenses incurred or expected to be incurred by Charterers’ for Owners account and less the estimated amount of bunker fuel remaining at the termination of the voyage and towards performance claim an amount equivalent to 5 days charter hire amount for each quarter for which performance analysis is pending and when the vessel is redelivered any overpayment shall be refunded by the owners or underpayment paid by Charterers. Not-withstanding the provisions of clause 4 hereof should the vessel be upon voyage at the expiry of the period of this charter, Charterers shall have the use of vessel at the same rate and conditions for such extended time as may be necessary for the completion of the laden voyage on which she is engaged and her return to a port of re-delivery as provided by the Charter.
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Final Voyage. (a) If, when a payment of Hire is due, Charterer reasonably expects to redeliver the Vessel before the next payment of Hire would fall due, the hire to be paid shall be assessed on Charterer’s reasonable estimate of the time necessary to complete Charterer’s program up to redelivery, and from which estimate Charterer may deduct amounts due or reasonably expected to become due for: (i) disbursements on Owner’s behalf or charges for Owner’s account pursuant to any provision of this Time Charter Party; and (ii) bunkers and LNG Heel on board at redelivery, pursuant to Clause 8. (b) No later than thirty (30) Days after redelivery, Owners and Charterers shall reconcile the amount paid pursuant to Clause 23(a) with the amount that was actually owed. If Charterer has overpaid, Owner shall refund the difference to Charterer, and if Charterer has underpaid it shall pay the amount outstanding to Owner. (c) If, at the time the Charter Period would otherwise end in accordance with Clause 6 the Vessel is on a ballast voyage to a port of redelivery or is upon a laden voyage, Charterer shall continue to have the use of the Vessel at the same rate and conditions as set out in this Time Charter Party for as long as necessary to complete such ballast voyage, or to complete such laden voyage and return to a port of redelivery as provided by this Time Charter Party, as the case may be (“Final Voyage”). However, Charterer acknowledges that Owner may refuse orders where it is self evident that the Final Voyage cannot be completed within the Charter Period.
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Related to Final Voyage

  • Rest Interval After Overtime An employee required to work overtime adjoining his/her regularly scheduled shift shall be entitled to eight (8) clear hours between the end of the overtime work and the start of his/her next regular shift. If eight (8) clear hours are not provided, overtime rates shall apply to hours worked on the next regular shift.

  • Contract Quantity The Contract Quantity during each Contract Year is the amount set forth in the applicable Contract Year in Section D of the Cover Sheet (“Delivery Term Contract Quantity Schedule”), which amount is inclusive of outages.

  • C1 Contract Price In consideration of the Contractor’s performance of its obligations under the Contract, the Authority shall pay the Contract Price in accordance with clause C2 (Payment and VAT).

  • PRICE ESCALATION/DE-ESCALATION (CPI) The County may allow a price escalation provision within this award. The original contract prices shall be firm for an initial one (1) year period. A price escalation/de-escalation will be considered at one (1) year intervals thereafter, provided the Contractor notifies the County, in writing, of the pending price escalation/de-escalation a minimum of sixty (60) days prior to the effective date. Price adjustments shall be based on the latest version of the Consumers Price Index (CPI-U) for All Urban Consumers, All Items, U.S. City Average, non-seasonal, as published by the U.S. Department of Labor, Bureau of Labor Statistics. This information is available at ▇▇▇.▇▇▇.▇▇▇. Price adjustment shall be calculated by applying the simple percentage model to the CPI data. This method is defined as subtracting the base period index value (at the time of initial award) from the index value at time of calculation (latest version of the CPI published as of the date of request for price adjustment), divided by the base period index value to identify percentage of change, then multiplying the percentage of change by 100 to identify the percentage change. Formula is as follows: Current Index – Base Index / Base Index = % of Change CPI for current period 232.945 Less CPI for base period 229.815 Equals index point change 3.130 Divided by base period CPI 229.815 Equals 0.0136 Result multiplied by 100 0.0136 x 100 Equals percent change 1.4% % of Change x 100 = Percentage Change CPI-U Calculation Example: A price increase may be requested only at each time interval specified above, using the methodology outlined in this section. To request a price increase, Contractor shall submit a letter stating the percentage amount of the requested increase and adjusted price to the Orange County Procurement Division. The letter shall include the complete calculation utilizing the formula above, and a copy of the CPI-U index table used in the calculation. The maximum allowable increase shall not exceed 4%, unless authorized by the Manager, Procurement Division. All price adjustments must be accepted by the Manager, Procurement Division and shall be memorialized by written amendment to this contract. No retroactive contract price adjustments will be allowed. Should the CPI-U for All Urban Consumers, All Items, U.S City Average, as published by the U.S. Department of Labor, Bureau of Labor Statistics decrease during the term of the contract, or any renewals, the Contractor shall notify the Orange County Procurement Division of price decreases in the method outlined above. If approved, the price adjustment shall become effective on the contract renewal date. If the Contractor fails to pass the decrease on to the County, the County reserves the right to place the Contractor in default, cancel the award, and remove the Contractor from the County Vendor List for a period of time deemed suitable by the County. In the event of this occurrence, the County further reserves the right to utilize any options as stated herein.

  • Calibration The comparison of a measurement system or device of unverified accuracy with a measurement system of known and greater accuracy to detect deviation of the unverified measurement system from required performance specifications (of the unverified measurement system or device) and to quantify all measured values to applicable units of the international system of units.