Full Cargo Lot definition
Full Cargo Lot means each cargo of LNG which is the maximum quantity which the relevant LNG Ship can safely load and carry.
Full Cargo Lot the quantity of LNG which fills the LNG Tanker to the fullest extent that such LNG Tanker can safely load and carry; Gas: any hydrocarbon or mixture of hydrocarbons consisting predominantly of methane that is in a gaseous state;
Examples of Full Cargo Lot in a sentence
In relation to a specific Agreement between the Parties for the sale and purchase of LNG, the quantity that Seller expects to sell and deliver to Buyer in each Full Cargo Lot, and which Buyer expects to purchase and receive, shall be the Estimated Load Quantity specified in paragraph 3 of the LNG Sales Confirmation Notice, such quantity being the Parties' reasonable commercial estimate of the quantity of LNG to be loaded on to the Accepted LNG Ship or Ships .