LNG Price definition

LNG Price means the ex-ship price of LNG in USD/mmBtu at the port where the LNG was retained, based upon composition of LNG at discharge (except for LNG supplied for cool down at a loading port, and for excess LNG boiled off on ballast leg, where the price will be based on the price charged by the terminal for cool down LNG).

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LNG Price is defined in Clause 40.8.

LNG Price for delivery and redelivery means the LNG price obtained at the last discharge prior to delivery or redelivery, priced in United States dollars per MMBTU and for all other purposes means the ▇▇▇▇▇ Hub spot natural gas price in United States dollars per MMBTU at close of business on the last Working Day of the previous calendar month to the incident as determined in this Time Charter Party.

Examples of LNG Price in a sentence

Upon such termination Owners shall reimburse Charterers with any hire paid in advance and not earned, the cost of bunkers or bunker reconciliation cost (as the case may be), and the value of any Heel on board the Vessel, valued respectively at the Fuel Price and the LNG Price, and any other amount for which Owners are, or are estimated by Charterers to be, liable to Charterers under the terms of the charter.
In the case of excess Boil-Off for which Charterers are unable to make any claim under Article 4 above, such as where mass-flow meters or other equipment has failed, or where Owners are deemed to have complied with the Guaranteed Fuel Consumption obligations but there is an excess Boil-Off quantity unaccounted for in a given Performance Period, then Charterers may deduct from hire due under Clause 37 (Hire Payment and Deductions), an amount calculated by applying the LNG Price to such excess.
In the absence of agreement to the contrary, the LNG Price shall apply.
LNG Price At Delivery, US Dollars (US$) per Mmbtu: Either the Delivery Cargo Price or the Seaspan Energy Purchase Price (as determined per the “Bunkers and Heel Bought and Sold” section above).
On Redelivery: (i) Owners shall have the option for the Vessel to be redelivered with up to a maximum of 1,500 m3 of Heel, to be paid for at the LNG Price at Redelivery.

More Definitions of LNG Price

LNG Price means United States Dollars per mmBtu DES price for LNG at the last port of discharge based upon the composition of LNG at discharge in the currency of the invoice.

LNG Price has the meaning given to that expression in Clause 13.5(b).

LNG Price means United States Dollars. 861 “Service Speed” shall have the meaning ascribed to it in Appendix C, 862 Article 1. (a). 863 “Shell Group” means companies owned directly or indirectly by 864 Royal Dutch Shell plc. 865 Additional 51. Appendix A: Shell LNG Form B for the Vessel, as attached, shall be 866 Clauses incorporated herein. 867 Appendix B: Shell Safety and Environmental Monthly Reporting Template, 868 as attached, shall be incorporated herein. 869 Appendix C: Detailed Performance Criteria, as attached, shall be 870 incorporated herein. 871 SIGNED FOR OWNERS SIGNED FOR CHARTERERS 872 FULL NAME FULL NAME 873 WORKING COPY WORKING COPY POSITION POSITION 874

LNG Price has the meaning set forth in Sub-Clause 9(1).

LNG Price is defined in Clause 49.8.

LNG Price has the meaning ascribed in Clause 17.1;

LNG Price means such price in USD/MMBtu, as stipulated in the applicable LNG purchase and sale agreement to which such LNG or natural gas vaporous relate.