Comparison between ShellTime4 and ShellLNG Time 1
February 1, 2007
Comparison between ShellTime 4 and ShellLNG Time 1
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ShellTime 4
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ShellLNGTime 1
Corresponding section, changes/additions
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Clause 1
Description and Condition of Vessel
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Clause 1
Description and Condition of Vessel
Additional provision: "if she is fifteen years old or over she shall obtain and maintain a LNG Condition Assessment Programme ("CAP") of not less than two (2);"
Altered wording in provision 1 (c): "she shall be in every way fit to load, carry discharge and measure Liquefied Natural Gas ("LNG")
Altered wording in provision 1 (e): "her tanks, valves and pipelines shall be liquid and gas tight;"
Altered wording in provision 1 (f) (i): "at sea, fuel oil in any proportion with LNG Boil-Off for main propulsion and…"
Additional provision 1 (g): "she shall have her cargo measuring equipment and instrumentation calibrated and certified, and this shall be verified (if required by Charterers) by the relevant inspectorate at each load port;"
Additional provision 1(h): "she shall have her insulation spaces prepared as per her containment system design conditions;"
Additional wording in provision 1 (i): "she shall comply with the regulations in force so as to enable her, if her size permits, to pass through the Suez Canal and Panama Canal…"
Additional sentence in provision 1 (j): "she shall have on board all certificates, documents and equipment required from time to time by any applicable law to enable her to perform the charter service without delay. For the avoidance of doubt this will include, but will not be limited to, the Vessel''s Certificate of Financial Responsibility;"
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Clause 2
Shipboard Personnel and their Duties
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Clause 2
Shipboard Personnel and their Duties
Altered/Additional wording in provision 2 (a) (vi): "the nationality of the Vessel''s officers given in the Shell LNG Form B referred to in Clause 1 (k) will not change without Charterers'' prior agreement which shall not be unreasonably witheld.
Additional provision 2 (c): "Owners shall at all times have responsibility for the proper stowage of the cargo and shall keep a strict account of all cargo loaded, Boil-Off, and cargo discharged."
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Clause 3
Duty to Maintain
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Clause 3
Duty to Maintain
Materially equivalent
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Clause 4
Period Trading Limits
"Charterer may order the vessel to ice-bound waters or to any part of the worls outside such limits…"
Deletion of wording in provision 4 (c): "…Subject as above, the vessel shall be loaded and discharged at any places as the Charterers may direct, provided that Charterers shall exercise duel diligence to ensure that any ship-to-ship transfer operations shall conform to standards not less than those set out in the latest published edition of the ICS/OCIMF Ship-to-Ship Transfer Guide."
Deletion of provision 4 (d): "Unless otherwise agreed, the vessel shall be delivered by Owners dropping outward pilot at a port in [**] at Charterers'' option."
Deletion of provision 4 (e): "The vessel will deliver with last cargo(es) of and [**] will redeliver with last cargo(es) of [**]."
Provision 4 (f) moved to Clause 7 ShellLNGTime: "Owners are required to give Charterers [**] days prior notice of delivery and Charterers are required to give Owners [**] days prior notice of redelivery."
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Clause 4
Period Trading Limits
Altered wording of provision 4 (a): "Charterer may order the Vessel beyond such limits…"
Additional sentence of provision 4 (b): "Any time during whi |