Pool Points definition

Pool Points means each Pool Vessel’s relative earning capacity as determined in accordance with Clause 17 (Pool 37 Points) and set out in Annex C (Pool Vessels and Pool Points) or determined by the Participants’ Meeting.
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Examples of Pool Points in a sentence

  • Otherwise, material revisions of the Pool Points assessment formula shall be made in accordance with the provisions of Clause 10.2.

  • The Pool Points allocated to the Pool Vessel shall, as fairly as possible, reflect the earning potential of the Pool Vessel.

  • It is acknowledged and agreed by the Parties that the initial Pool Points allocated at the time of delivery are to be confirmed basis the updated Pool Points evaluation process as applicable when the Pool Vessel enters the Pool.

  • Delivery to Store Movement of product from 3rd party Pool Points to store location.

  • The Initial Performance Review will be based on the actual speed and consumption data of the Vessel received since the Delivery Date and the Initial Pool Points will be revised to take into account the results of such review.

  • Upon acceptance by the Pool Participant, the Company will calculate the revised Pool Points for each Pool Vessel and the result of such recalculation shall take effect for the next six month period (i.e. as from 1 January and 1 July, as applicable) (“Semi-Annual Pool Points Calculation”).

  • The basis for the calculation of Pool Points is set out in Appendix 1.1 and as it may be updated from time to time in accordance with this Agreement.

  • Lessee shall redeliver each chassis at Lessee's sole expense, to Lessee's authorized depot at any pool point in the United States listed in Lessee's most recent "Bulletin" ("Pool Points") or at any other location agreed to in advance in writing by the Lessor.

  • The Pool Managers shall review the 328 results and performance with the purpose of ensuring that the Pool Points are fair and equitable taking into account 329 factors affecting the relative earning capacity of the Pool Vessels, including but not lim ited to: 330 (i) changes in the projected or actual trading pattern of the Pool Vessels which will affect their relative trading 331 value; 332 (ii) changes in the price and other costs relating to bunkers; Copyright, published by BIMCO.

  • Y = the individual Pool Points (PP) for each Pool Vessel multiplied by the time on hire pursuant to the Participating Charter (H) within the calendar month in respect of which the calculation is made.

Related to Pool Points

  • Focal point means the entity of a Party referred to in Article 5 responsible for receiving and submitting information as provided for in Articles 13 and 16;

  • Collection Point means the collection point for the Vehicle specified in the Confirmation and/or Rental Agreement;

  • Measurement Point means the emission source for which continuous emission measurement systems (CEMS) are used for emission measurement, or the cross-section of a pipeline system for which the CO2 flow is determined using continuous measurement systems;

  • H-point means the pivot centre of the torso and thigh of the H-point machine when installed in a vehicle seat in accordance with Annex 12. Once determined in accordance with the procedure described in Annex 12, the "H" point is considered fixed in relation to the seat-cushion structure and is considered to move with it when the seat is adjusted.

  • Meet-Point Billing (MPB) refers to the billing associated with interconnection of facilities between two or more LECs for the routing of traffic to and from an IXC with which one of the LECs does not have a direct connection. In a multi-bill environment, each Party bills the appropriate tariffed rate for its portion of a jointly provided Switched Exchange Access Service.