LNG Ship definition

LNG Ship means an ocean going vessel meeting the requirements of Paragraph 2.8 of Schedule C (in the case of an FOB delivery) and Paragraph 2.8 of Schedule D (in the case of a DAP delivery) and suitable for transporting LNG, which, in respect of each delivery pursuant to a Confirmation Notice, shall be identified in the Confirmation Notice (or shall be subsequently agreed between the Parties) and be used for such delivery.

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LNG Ship means, with respect to each LNG Cargo under a Transaction, a vessel designed, constructed, equipped and maintained to load, carry and deliver LNG and complying with the terms and conditions of Clause 7.2, as nominated in or under the relevant Confirmation Notice and used by Buyer pursuant to the terms of the relevant Transaction to receive and transport the relevant LNG Cargo;

LNG Ship means, with respect to a Specific Order, the vessel designed, constructed, equipped and maintained to load, carry and deliver LNG, nominated in that Specific Order and used by Seller pursuant to this Agreement.

Examples of LNG Ship in a sentence

• If the documents requested by Buyer are not customarily issued in relation to the sale and purchase and transportation of LNG and/or the LNG Ship, Seller shall exercise reasonable endeavours to obtain such documents.

• Buyer shall use reasonable endeavours to cause the operator of the Discharge Port facilities to accept as soon as possible an LNG Ship that arrives and tenders NOR at the Discharge Port prior to or after the Arrival Window.

• If an LNG Ship and another LNG ship are due to arrive at the Discharge Port at a similar time and both vessels are outside their respective arrival windows, then the normal shipping industry practice of “first come, first served” shall apply.

• If the documents requested by Seller are not customarily issued in relation to the sale and purchase and transportation of LNG and/or the LNG Ship, Buyer shall exercise reasonable endeavours to obtain such documents.

• Title to the LNG Cargo shall pass from Seller to Buyer in international waters at the point which is the last point where the LNG Ship is outside the territorial waters of the country in which Buyer's Facilities are located (“Title Transfer Point”).

• Such credit or debit shall be applied after Shipper or Other Shipper has unloaded its first LNG Ship in Month M+2 or in any later Month.

• Risk of loss for any LNG remaining on the LNG Ship after discharge of the LNG Cargo shall remain with Seller.

• If an LNG Ship arrives and tenders NOR at the Discharge Port within its Arrival Window, such LNG Ship shall have priority over other LNG ships except in the case that any other LNG ship, having arrived and tendered notice of readiness within its scheduled arrival window is already waiting to load and/or unload due to Adverse Weather or Force Majeure.

• Title to any LNG remaining on the LNG Ship after discharge of the LNG Cargo will revert from Buyer to Seller at the first point following the exit of such LNG Ship from the territorial waters of the country in which Buyer’s Facilities are located.

• Thereafter, if Terminal Operator cannot despite the use of its reasonable endeavours accept the Off-Specification LNG, Terminal Operator shall be entitled to request Shipper to cause the LNG Ship to promptly leave the LNG Terminal provided the master of the LNG Ship can do so safely (which actions may include but not be limited to rearranging of the LNG cargo within the LNG Ship).

More Definitions of LNG Ship

LNG Ship means the LNG carrier or carriers whether singular or plural named in the acknowledgement at the end of these Conditions of Use; Limitation Amount shall have the meaning given in condition 7.1 below; Master means, with respect to any LNG Ship, the duly licensed master, captain or other person lawfully in command of such LNG Ship; Party and Parties means Buyer, Höegh and Ship Owner; Person means any individual, firm, sole proprietorship, corporation, stock company, limited liability company, trust, partnership, voluntary association, joint venture, unincorporated organisation, institution, Governmental Authority or other legal entity Port Facilities means all the infrastructure, facilities, equipment, installations, anchorages and approaches of and to Portland Bight, including, but not limited to, LNG Facility and any other channels, channel markings, buoys, jetties, berths, lines and gangways at Portland Bight;