Common use of Allowed Laytime Clause in Contracts

Allowed Laytime. The amount of Laytime allowed for Enterprise to load Product onto a Vessel shall be determined as follows (“Allowed Laytime”): 7.1.1 an amount of time determined by dividing the sum of the Nominated Volume plus any volume loaded in excess of the Nominated Volume for such Vessel by a loading rate of twelve thousand (12,000) Barrels of Product per hour; plus 7.1.2 an additional six (6) hours to prepare such Vessel for loading, including connecting loading arms and pre-inspection of such Vessel by the inspector; to prepare such Vessel for arrival or departure (as applicable), including disconnecting the loading arms and for the inspector or Houston Port Authority to release such Vessel; and to account for other standard operational requirements.