MODU definition

MODU means a ship which complies with the MODU Code;
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MODU means a mobile offshore drilling unit.
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MODU means a mobile offshore drilling unit. “Navigation Act” means the Navigation Act 2012 (Cth).
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Examples of MODU in a sentence

  • Working group deliberations yielded the following based on documents SSE 3/5 and 3/5/1: • No amendments to MSC.1/Circ.1206/Rev.1 are necessary, but the introduction of such draft amendments into chapter 14 of the 2009 MODU Code is more suitable.

  • Prior to SDC convening, SDC document 3/16/7 produced by IADC expressed concern that the subcommittee continue to acknowledge the exceptions of Resolutions A.1023(26); the 2009 MODU Code, and A.1079(28); Recommendations for the Training and Certification of Personnel on Mobile Offshore Units (MOUs) in the context of discussing safety standards for the carriage of more than 12 industrial persons.

  • Instead, the delegation of the Xxxxxxxx Islands volunteered to submit a consolidated text of the draft amendments to the 2009 MODU Code for consideration at SSE 4.

  • The Committee approved MSC.1/Circ.1544 on Unified interpretations for the application of Chapter 2 of the 2009 MODU Code and the Revised technical provisions for means of access for inspections [Resolution MSC.158(78)].

  • Taking into account the relevant parts of the reports of the LSA Working Group (SSE 3/WP.3) and the Working Group on Fire Protection (SSE 3/WP.4), the subcommittee decided that further Correspondence Group review of the MODU and LSA Codes and MSC.1/Circ.1206/Rev.1 was not necessary.


More Definitions of MODU

MODU means any vessel covered by the International Mobile Offshore Drilling Unit Code (MODU Code).
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MODU means Mobile Offshore Drilling Unit which may be of Semisubmersible type or Drill-ship (with anchoring System) complete with vessel, structures, Drilling Tools & equipment and all other allied accessories & items capable to drill in the water depth of 400-900m.
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MODU means a mobile offshore drilling unit under OPA.
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MODU means a unit capable of engaging in drilling operations for the exploration or exploitation of resources beneath the seabed such as liquid or gaseous hydrocarbons, sulphur or salt;
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MODU means, Modu Exhibitions Ltd;
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MODU means, Modu Exhibitions Ltd;
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Related to MODU

  • License Fee means the amount payable by the licensee to DMRC as per rates offered by the Selected Bidder for utilization of licensed space and accepted by DMRC to be paid by the Licensee along with other charges and any kind of Central or State Taxes, local levies, statutory dues, etc. that may be payable by the licensee as per prevalent law.

  • Cycle means a period of time (approximately 5 days) during which each type of product is pumped for all shippers desiring transportation of such product.

  • System for Award Management (XXX) means the Federal repository into which an Entity must enter the information required under the Transparency Act, which may be found at xxxx://xxx.xxx.gov.

  • Service Fee means a fee charged by us to you for the administration of your credit facility.

  • Performance Monitoring System has the meaning given to it in paragraph 1.1.2 in Part B of Schedule 6 (Service Levels, Service Credits and Performance Monitoring);

  • Performance Standard means the acceptable range of performance for a Performance Indicator or a Service Volume that results when a Performance Corridor is applied to a Performance Target;

  • Annual Incentive Award means an Award made subject to attainment of performance goals (as described in Section 14) over a performance period of up to one year (the Company’s fiscal year, unless otherwise specified by the Committee).

  • Base Fee $60 million (Avg Daily Net Assets For Most Recent Month) * 0.45% * (31/365) = $22,931.51 Performance Fee: $40 million (Avg Daily Net Assets for rolling 12-month period) * -0.25% * (31/365) = $(8,493.15) Total Fulcrum Fee: $14,438.36 = $22,931.51 (Base Fee) - $8,493.15 (Performance Fee)

  • Bid incentive means an amount deducted, for bid evaluation purposes only, from the contract base bid in order to calculate the bid price to be used to evaluate the bid on a competitively bid contract.

  • Scheduled Uptime means the total minutes in the reporting month less the total minutes represented by the Scheduled Downtime.

  • Services Fee means, collectively, the Senior Services Fees and the Subordinated Services Fees.

  • Monthly Service Fee means a monthly charge to a member for continuing care and not as rent, or a daily prorated portion thereof.