Calculation of Actual Average Speed Sample Clauses

Calculation of Actual Average Speed. (i) At the completion of each Performance Period, Charterer shall compute the actual average speed (“AAS”) for the aggregate of all Specified Passages during the Performance Period in accordance with the formula: AAS (in knots) = MT/▇▇ where: MT = the actual total mileage of the actual course which the Vessel traversed for all the laden and ballast Specified Passages during the Performance Period less the mileage deductions required by (ii) below. HS = the actual total hours steamed during all the laden and ballast Specified Passages during the Performance Period less the time deductions required by (ii) below. (ii) The following time during a Specified Passage (and distances traversed during such time) shall be excluded from any determination of MT and HS if Owner demonstrates that such time actually occurred: (A) time lost for stops at sea or any other time at sea which is considered an Event of Off-Hire under this Charter; (B) time lost solely for reasons of safe navigation; (C) time lost due to delays resulting from Charterer’s orders or Charterer’s scheduling or time spent steaming at reduced speed at the instruction of Charterer or stopped at sea as requested by Charterer; (D) time spent for the purpose of saving life or property; (E) time spent steaming at reduced speed by mandatory order of regulatory bodies having jurisdiction over the Vessel; (F) time spent steaming at reduced speed as a result of fouling caused by delays in port beyond Owner’s control or caused by lay-up at Charterer’s instructions; and (G) time spent during weather conditions greater than *****.
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