Common use of GUARANTEED SPEED Clause in Contracts

GUARANTEED SPEED. The guaranteed speed up to and including ***** for a Specified Passage (as defined in paragraph 3.2 of Schedule II) shall be as follows: GUARANTEED SPEED DURING FIRST HALF OF ORIGINAL PERIOD GUARANTEED SPEED AFTER FIRST HALF OF ORIGINAL PERIOD ***** knots ***** knots Calculations and determinations in respect of the guaranteed speed shall be made in accordance with paragraph 4.1 of Schedule II.

Appears in 4 contracts

Samples: LNG Vessel Time Charter Party (Exmar Energy Partners LP), Technology License Agreement (Exmar Energy Partners LP), Exmar Energy Partners LP

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