Floating Storage definition

Floating Storage means approximately 2.1 million barrels in aggregate of floating storage capacity on board Oman Shipping Company S.A.O.C. VLCC which is to be operated by Oman Tank Terminal Company in Omani waters.

Examples of Floating Storage in a sentence

  • The industrialisation of Westernport Bay in the form of huge gas tankers and a Floating Storage and Regasification Unit will undermine the beauty of the area and be inconsistent with the perception that it is a pristine and protected wetland.

  • On-board pollution incident emergency plans for offshore units, including Floating Production, Storage and Offloading Facilities and Floating Storage Units, should be dealt with under national provisions and/or company environmental management systems, and are excluded from the application of this article.

  • Floating Storage Offloading Unit or FSO—A converted or new build barge or tanker, moored at a location to receive crude or other products for storage and transfer purposes.

  • Clearing Members having open short positions after trading has ceased shall give the Clearing House a notice of intention to deliver from floating storage (Notice of Intention to Deliver from Floating Storage) by 14:00 (New York time) on the first (1st) Clearing Business Day after the last Trading Day in the applicable Contract Month.

  • The sale of the crude oil is made at the buyer’s refinery while the sale of the condensate is made at the Floating Storage Unit (FSU) near the well-head.

  • Ships include Floating Production, Storage and Offloading vessels (FPSOs), also called a "unit" or a "system"; and Floating Storage Units, (FSUs).

  • Nominated STS Tankers should be provided with adequate facilities to comply with the safety check lists in accordance with ICS /OCIMF STS Transfer Guide Petroleum 2013 or the latest edition as amended while ensuring that cargo transfer and STS plans are agreed and understood by the relevant personal of the nominated STS Tanker and the Floating Storage Facility.

  • The high capital investment involved in the construction of the loading and discharge terminals on land, is leading the LNG market players to simultaneously look at alternate options such as Floating Storage Regasification Units (FSRUs), Small LNG carriers for coastal LNG shipping, Floating Liquefied Natural Gas (FLNG) carriers etc.Your company jointly owns and operates 3 LNG carriers under long term charters with charterers Petronet LNG Limited, India for transportation of LNG predominantly from Qatar.

  • The Project will also comprise the construction of a 1,070-kilometer pipeline from the oil fields to Cameroon’s Atlantic coast at Kribi, three related pumping stations, ancillary facilities, infrastructure improvements, and installation of an offshore Floating Storage and Offloading (FSO) vessel with an 11-kilometer submarine pipeline from the coastline near Kribi to the vessel.

  • The risk and title in the Oil transfers under the terms of the Physical Contract at the Floating Storage shall pass from the Selling Customer to the Buying Customer at the nominated Vessel’s manifold.

Related to Floating Storage

  • Historic building means a building, including its structural components, that is located in this state and that is either individually listed on the national register of historic places under 16 U.S.C. 470a, located in a registered historic district, and certified by the state historic preservation officer as being of historic significance to the district, or is individually listed as an historic landmark designated by a local government certified under 16 U.S.C. 470a(c).

  • Intermodal Rail Yard means a rail facility in which cargo is transferred from drayage truck to train or vice-versa.

  • Nationwide Mortgage Licensing System and Registry means a mortgage licensing system developed and maintained by the conference of state bank supervisors and the American association of residential mortgage regulators for the licensing and registration of licensed mortgage loan originators.

  • Electric bicycle means a “class 1 electric bicycle”, a “class 2 electric bicycle”, or a “class 3 electric bicycle” as defined in this section. (ORC 4511.01(RRR))

  • Single Phase Aerosol Air Freshener means an aerosol air freshener with the liquid contents in a single homogeneous phase and which does not require that the product container be shaken before use.

  • Private sewage disposal system means a system which provides for the treatment or disposal of domestic sewage from four or fewer dwelling units or the equivalent of less than sixteen individuals on a continuing basis.

  • BBBEE means broad-based black economic empowerment as defined in section 1 of the Broad-Based Black Economic Empowerment Act;

  • Public building and "public work" means a public building of, and a public work of, a governmental entity (the United States; the District of Columbia; commonwealths, territories, and minor outlying islands of the United States; State and local governments; and multi-State, regional, or interstate entities which have governmental functions). These buildings and works may include, without limitation, bridges, dams, plants, highways, parkways, streets, subways, tunnels, sewers, mains, power lines, pumping stations, heavy generators, railways, airports, terminals, docks, piers, wharves, ways, lighthouses, buoys, jetties, breakwaters, levees, and canals, and the construction, alteration, maintenance, or repair of such buildings and works.

  • Houseboat means a powered vessel containing living accommodation, usually flat- bottomed and used in navigation.

  • Green building strategies means those strategies that minimize the impact of development on the environment, and enhance the health, safety and well-being of residents by producing durable, low-maintenance, resource-efficient housing while making optimum use of existing infrastructure and community services.

  • LCC-300 Cost Centre I EXTERNAL WORKS Lump Sum Breakdown I15 : Gas Main Lump Sum Item LSI15.1 I15.1 : Gas Main Contractor's Other Charges The Contractor shall enter hereunder any specific item of work or obligation or thing which is necessary for the execution of the Works, as required by the Contract, which has been omitted from or has not been separately itemised in this Lump Sum Breakdown and for which a separate charge is required. The unit of measurement for any Contractor's Other Charge shall be "sum", with Quantity and Rate columns entered with "N/A". ------------------------------------------------------------------------------------------------------------------- Total of Lump Sum Item LSI15.1 *** ------------ *** Certain information on this page has been omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to the omitted portions. [STAMP]

  • Pretreatment coating means a coating which contains no more than 12% solids by weight, and at least 0.5% acid by weight, is used to provide surface etching, and is applied directly to metal surfaces to provide corrosion resistance, adhesion, and ease of stripping.

  • Primary highway means any highway, other than an inter- state highway, at any time officially designated as a part of the fed- eral−aid primary system by the department and approved by the appropriate authority of the federal government.

  • Master plumber means an individual who possesses the necessary skills and qualifications to plan and supervise the installation of plumbing and who is licensed as a master plumber.

  • Ambient air means that portion of the atmosphere, external to buildings, to which the general public has access.

  • Sailboat means the same as that term is defined in Section 73-18-2.

  • Double Phase Aerosol Air Freshener means an aerosol air freshener with the liquid contents in two or more distinct phases that requires the product container be shaken before use to mix the phases, producing an emulsion.

  • Sewage sludge weight means the weight of sewage sludge, in dry U.S. tons, including admixtures such as liming materials or bulking agents. Monitoring frequencies for sewage sludge parameters are based on the reported sludge weight generated in a calendar year (use the most recent calendar year data when the NPDES permit is up for renewal).

  • Property management system means the Contractor’s system or systems for managing and controlling Government property.

  • LCC-300 Cost Centre E Terminus Building - Structure Lump Sum Breakdown E4 : Station (GL X7-27/M-Q, 15.00m-21.96m) Lump Sum Item LSE4.4 E4.4 : Structural Steelwork Contractor's Other Charges The Contractor shall enter hereunder any specific item of work or obligation or thing which is necessary for the execution of the Works, as required by the Contract, which has been omitted from or has not been separately itemised in this Lump Sum Breakdown and for which a separate charge is required. The unit of measurement for any Contractor's Other Charges shall be "sum", with Quantity and Rate columns entered with "N/A". ---------------------------------------------------------------------------------------------------------------- To Collection of Lump Sum Item LSE4.4 *** ----------- *** Certain information on this page has been omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to the omitted portions. [STAMP]

  • QUALIFIED MUNICIPAL CORPORATION means a municipal corporation that, by resolution or ordinance adopted on or before December 31, 2011, adopted Ohio adjusted gross income, as defined by section 5747.01 of the Ohio Revised Code, as the income subject to tax for the purposes of imposing a municipal income tax.

  • garden waste means organic waste which emanates from gardening or landscaping activities at residential, business or industrial premises including but not limited to grass cuttings, leaves, branches, and includes any biodegradable material and excludes waste products of animal origin and bulky waste;

  • Sewage disposal system means all interceptor sewers, storm sewers, sanitary sewers, combined sanitary and storm sewers, sewage treatment plants, and all other plants, works, instrumentalities, and properties used or useful in connection with the collection, treatment, and disposal of sewage and industrial wastes, and includes a storm water drain system under the jurisdiction and control of a governmental agency.

  • Clean coal SNG facility means a facility that uses a

  • Air dried coating means a coating that is dried by the use of air or forced warm air at temperatures up to 1940F (900C).

  • Automotive hard paste wax means an automotive wax or polish that is: