Common use of LNG Density Clause in Contracts

LNG Density. The LNG density shall be calculated by use of the revised ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ method from NBS Technical Note 1030, December 1980, molar mass from ISO 6976-1995, units in kg/m3 and rounded to two (2) decimal places. The quantity of energy delivered shall be calculated in accordance with the formula given in the latest edition of “LNG Custody Transfer Handbook” published by the GIIGNL. The composition of the displaced Natural Gas returned to the LNG Ship shall be considered to be 100% methane. The Quantity Delivered will be reported in MMBtu rounded to the nearest MMBtu. THIS DEED OF GUARANTEE is made the [_______] day of [_______] (this “Guarantee”)

Appears in 1 contract

Sources: Master Ex Ship LNG Sale and Purchase Agreement

LNG Density. The LNG density shall be calculated by use of the revised ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ method from NBS Technical Note 1030, December 1980, molar mass from ISO 6976-1995, units in kg/m3 and rounded to two (2) decimal places. The quantity of energy delivered shall be calculated in accordance with the formula given in the latest edition of “LNG Custody Transfer Handbook” published by the GIIGNL. The composition of the displaced Natural Gas returned to the LNG Ship shall be considered to be 100% methane. The Quantity Delivered will be reported in MMBtu rounded to the nearest MMBtu. SCHEDULE 3: FORM OF PARENT COMPANY GUARANTEE THIS DEED OF GUARANTEE is made the [_______] day of [_______] (this “Guarantee”)

Appears in 1 contract

Sources: Master Fob LNG Sale and Purchase Agreement